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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

BURBANK (CNS) - The Walt Disney Co. reported sharp year-over-year third-quarter revenue drops today, thanks in part to the coronavirus-prompted closure of its theme parks, but the success of its streaming services, most notably Disney+, gave the Burbank company a needed boost.Disney reported third-quarter revenue of .8 billion, a 42% drop from last year's third quarter, but still ahead of industry expectations.Revenue losses were fueled largely by the closure of Disney parks worldwide, with the company's Parks, Experiences and Products segment seeing an 85% revenue drop from the third quarter of last year. The only Disney segment not to report a drop in revenue was the Direct-to-Consumer & International segment, which showed a 2% gain.In terms of operating income, the company's Media Networks showed a 48% jump.``Despite the ongoing challenges of the pandemic, we've continued to build on the incredible success of Disney+ as we grow our direct-to-consumer businesses,'' Disney CEO Bob Chapek said in a statement. ``The global reach of our full portfolio of direct-to-consumer services now exceeds an astounding 100 million paid subscriptions -- a significant milestone and a reaffirmation of our DTC strategy, which we view as key to the future growth of our company.''The company's streaming services are Disney+, ESPN+ and Hulu, with Disney+ representing more than half of the empire's 100 million subscribers, according to the company.Disney reported diluted earnings per share of 8 cents, down from .34 in the same quarter last year.The company had originally planned to reopen its Disneyland and California Adventure theme parks in Anaheim on July 17, but those plans were scrapped as the state saw a surge of coronavirus cases. That surge prompted a delay in the state's release of operating protocols for large venues such as theme parks.The Downtown Disney shopping and entertainment district reopened to the public on July 9, although some individual businesses remained closed. 2016

Carnival Cruise Lines announced Thursday that they are canceling several cruises until early 2021 due to COVID-19.In a press release, the cruise line company said that all P&O Cruises to the Caribbean were canceled until Jan. 2021, and cruises from and to Southampton, Arcadia, and Aurora were canceled through February.P&O Cruises is part of the Carnival Corporation.“With evolving restrictions on travel from the UK, unfortunately, it is necessary to cancel these itineraries," P&O Cruises president Paul Ludlow said in the news release. "These further cancellations vary according to ship as well as complexity and length of itineraries, advice, and guidance regarding ports of call and current air availability for fly/cruises. We are continuing to monitor the overall situation closely and will certainly reintroduce cruises should the opportunity arise, and it is feasible to do so.”Carnival also stated that they were delaying the return of Carnival Paradise, Carnival Magic, Carnival Valor, and the Carnival Spirit until next year "after scheduled dry dock enhancements are completed in the first half of 2021.""This extended pause in our operations has also impacted shipyard availability, and we've had to reschedule required dry docks," Christine Duffy, president of Carnival Cruise Line in the release. "As we continue to work through issues related to our eventual return to operations, we are committed to providing our guests and travel agent partners with certainty where we can, although we regret disappointing our guests. We appreciate the continued support and understanding of our guests and hope to welcome them back onboard soon."According to the Washington Post, the cruise line company also plans to sell 18 ships, which makes up 23% of its fleet. 1792

CAMPO, Calif. (KGTV) - A border watch group says there are glaring holes along the border that can be plugged with the help of troops.The Department of Defense sent thousands of troops across the border to areas like the San Ysidro Port of Entry. “I don’t know all the intelligence, but it seems like (the troops) are all in the areas where the fence is pretty secure,” said Dan Russell with the Minutemen. The Minutemen is a citizen’s group dedicated to watching the border for illegal crossings. If they see any, they report them to border patrol. “Maybe they’re expecting thousands to show up in Tijuana or Tecate, but if they’re there in large numbers all they have to do is get on a bus, take the highway, drive an hour, and come over a wide open border,” Russell said.Russell says his group volunteers to watch the mile of the border just southwest of Campo. In that mile stretch, there are about five gaps along the border wall.“About every quarter mile, you’d want some eyes on the border,” he said. 1045

hools," which exploit the animals to entertain visitors through tricks such as riding bicycles and shooting basketballs. Coercion is used to train them to pick coconuts, as they wouldn't voluntarily do it.The monkeys are isolated from their peers as they spend their lives chained, transported in cages, and forced to climb trees in order to collect coconuts. The captive animals display stereotypic types of behavior, such as circling endlessly. Similar abuse was found at all 13 randomly selected locations.Chaokoh produces coconuts for coconut milk that you sell. Its refusal to take a position against cruelty to animals is not sitting well with ethical consumers, and your own current position stands in contrast to that of the more than 25,000 other stores that have pledged not to purchase products from any company that depends on forced monkey labor.We'd love to work together to get coconut products involving such labor off your shelves. May we please hear from you?Sincerely,Ingrid E. NewkirkThis story was originally published by Paul Ross on WKBW in Buffalo. 3499

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