Shares of Hanesbrands Inc. tumbled 19% Wednesday after the company said it wasn’t renewing a contract to sell an exclusive line of Champion activewear to Target Corp. The company’s current contract with the big-box retailer that allows Target to sell an exclusive line as part of the Champion brand, called C9 by Champion, expires at end of January 2020, Hanesbrands said.

Source: Wall Street Journal August 01, 2018 14:15 UTC