Sara Lee spins of Hanesbrands

The spin-off of Sara Lee's apparel brands is officially complete.

Winston-Salem, N.C.-based Hanesbrands, whose largest customers are Wal-Mart Stores Inc. and Target Corp., had $4.49 billion in sales for the year ending July 1, compared with $4.68 billion a year earlier.

The new company includes the Hanes, Champion and Playtex brands.