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Business

Store closures and low consumer demand impact VF's Q1

VF Corporation’s first quarter revenue decreased 48 percent or 47 percent in constant dollars to 1.1 billion dollars driven by store closures and lower consumer demand as a result of the Covid-19 outbreak. Gross margin decreased 340 basis points to 52.9 percent, and on an adjusted basis, gross margin decreased 220 basis points to 54.1 percent....

31 Jul 2020

Business

VF Corp expects full year revenues to range between 11.3 to 11.4 billion dollars

VF Corporation, in preliminary unaudited selected financial data for full year fiscal 2020 in conjunction with a debt financing said that revenue from continuing operations on a reported basis reached approximately 11.3 billion dollars to 11.4 billion dollars, including the contribution of the company’s occupational workwear business. The...

21 Apr 2020

Retail

VF Corp closes all stores in North America

In response to the global COVID-19 coronavirus outbreak, VF Corporation has announced the temporary closure of all owned retail stores across North America, effective March 16 through April 5. The company said in a statement that all retail employees at these locations will continue to receive full pay and benefits during the temporary closure...

16 Mar 2020

Business

VF Q2 earning and revenues rise, reaffirms full year outlook

VF Corporation said, second quarter revenue increased 5 percent or 7 percent in constant dollars to 3.4 billion dollars, while on an adjusted basis, revenue increased 6 percent or 8 percent in constant dollars, driven by VF’s two largest brands, and international and direct-to-consumer platforms. Earnings per share were 1.61 dollars on a...

25 Oct 2019

People

Denny Bruce joins Dickies as Global Brand President

VF Corporation has announced the appointment of Denny Bruce to the position of Global Brand President, Dickies, effective July 1. The company said, he reports to Curt Holtz, Executive Vice President and Group President, Workwear. “Dickies is an iconic brand that has stood alongside generations of proud workers, equipping them with tough, durable...

8 Jul 2019