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Champion is phasing out an exclusive line at Target and Wall Street isn't pleased.Hanesbrands, the parent of Hanes, Champion, Maidenform and Playtex, plunged 19% on Wednesday after it told investors that it would end a longtime deal with Target.The company reported that its profit last quarter fell 18% from the same time last year because costs and expenses both grew, adding to the stock selloff.Hanesbrands has partnered with Target, selling the C9 by Champion men's, women's and children's activewear clothing and shoe brand for 15 years. But the company won't renew its contract for the line with Target when it expires in early 2020.Once the deal lapses, Hanesbrands will still sell clothes there. The retailer accounted for 13% of the company's .4 billion in sales last year and was the biggest customer in its activewear business. Target was Hanesbrands' second largest buyer overall behind Walmart.C9 has been a big cash driver for Hanesbrands, raking in 0 million in sales over the last 12 months. The line also includes sports equipment and extends to plus-size shoppers and pregnant women.Champion is the company's second-largest brand behind Hanes, and it has been growing as it heads to retailers in new markets, including Europe and Asia. Champion has benefited from partnerships with designers and brands like Supreme."Consumers are demanding brands with athletic authenticity," CEO Gerald Evans told analysts on a call Wednesday. "We have driven a brand elevation strategy for Champion to capitalize on these consumer dynamics."The brand's global sales grew 18% last quarter, and Hanesbrands projects Champion will reach more than billion in sales by 2022.Although the company said ending the C9 contract with Target won't affect its long-term forecast for Champion, analysts grilled Hanesbrands executives for answers on why the deal expired and how it planned to replace C9 sales.Evans said Hanesbrands hasn't determined whether it will end the line after 2020, but he left the door open to continuing C9 at another retailer: "There is equity in that brand."One analyst on the call, Doug Thomas at Gamco Investors, believed Target made a mistake by walking away from C9."I just feel like Target must be really out of touch with maybe their core consumers," he said. "This is the time in my view— and I guess a lot of other people's view— to redouble their commitment to Champion." 2416

CAMP PENDLETON (CNS) - A U.S. Marine was fatally injured in a tactical- vehicle accident at Camp Pendleton, the Marine Corps announced Monday. The serviceman was one of three members of the elite Marine Raider Regiment involved in the accident, which occurred during a training exercise on Saturday, according to Maj. Nicholas Mannweiler of U.S. Marine Corps Forces, Special Operations Command.The critically injured Marine was airlifted to a trauma center, where he was pronounced dead Sunday night, Mannweiler said. His name was withheld pending family notification.RELATED: Camp Pendleton Marine missing from Sierra backcountry ski tripThe other two patients were treated for minor injuries.Further details on the single-vehicle accident were not immediately available. An investigation into its cause is ongoing, according to Mannweiler. 849

California secures .5 billion for Lost Wages Assistance Program. Individuals who are currently eligible to receive at least 0 per week in unemployment benefits may qualify for an additional 0 weekly supplement.https://t.co/LIqIilyBMP #PressRelease #EDDNews— EDD (@CA_EDD) August 22, 2020 303

CARLSBAD, Calif. (KGTV) -- Police and the FBI are asking for the public’s help in identifying a man suspected of robbing a bank in Carlsbad.Carlsbad police said the robbery happened on Oct. 1, at 3:45 p.m., in the 6900 block of El Camino Real.According to police, a white man believed to be in his mid-20s entered the bank and demanded cash. The man referred to a gun during the robbery, but a firearm was not seen, police said.After getting an undisclosed amount of money, the man exited the branch and was last seen running toward Dove Lane.Police noted that “no vehicle has been associated with the suspect.”No injuries were reported during the incident.The suspected robber is 5 feet 10 inches tall, weighs 180 pounds and has a thin build. He was last seen wearing a black baseball cap, black long-sleeved shirt and blue jeans.Anyone with information on the case is urged to contact the Carlsbad Police Department 760-931-2110. 939

Car buyers these days love SUVs. They don't, however, love actual cars like hatchbacks and sedans --as Ford has learned.Ford said on Wednesday the only passenger car models it plans to keep on the market in North America will be the Mustang and the upcoming Ford Focus Active, a crossover-like hatchback that's slated to debut in 2019.That means the Fiesta, Taurus, Fusion and the regular Focus will disappear in the United States and Canada.Ford will, however, continue to offer its full gamut of trucks, SUVs and crossovers.By 2020, "almost 90 percent of the Ford portfolio in North America will be trucks, utilities and commercial vehicles," the press release says. "The company is also exploring new 'white space' vehicle silhouettes that combine the best attributes of cars and utilities, such as higher ride height, space and versatility."By "white space," the company is referring to vehicles that don't fall neatly into the typical categories.Ford has hinted it might decide to retire much of its sedan portfolio. Earlier this year, James Farley, the company's president of global markets, said Ford is "shifting from cars to utilities," which have been a bigger profit driver. It also reallocated billion of research funds from cars to SUVs and trucks.And it's not just Ford. Fiat Chrysler did away with the Dodge Dart and Chrysler 200 more than a year ago. And General Motors decided to scale back production of the Chevy Cruze, Chevy Impala, Buick LaCrosse and the Cadillac ATS and CTS.  1514