The North Face news and archive

VF expects its transformation program to reduce debt and drive profitability

VF Corp. has announced the medium-term financial targets including adjusted operating margin of at least 10 percent, adjusted gross margin of at least 55 percent, adjusted SG&A as a percentage of revenue of 45 percent or lower and net leverage of 2.5x or below. Commenting on the update ahead of the company’s investor day, Bracken Darrell, VF...

Business

VF posts Q2 profit, sales decline by 6 percent

Second quarter revenue at VF Corporation of 2.8 billion dollars, was down 6 percent, The North Face declined by 3 percent or 4 percent in constant dollars and Vans declined by 11 percent versus the same quarter last year. However the company reported earnings per share of 52 cents and adjusted EPS of 60 cents. Commenting on the second quarter...

Fashion Featured

Spring/summer 2025: Fashion and sports collaborations to remember

Fashion Month concluded last week with a high-profile show at Disneyland Paris by Coperni, bringing to an end the spring/summer 2025 season at the 'Big 4' fashion cities - New York, Milan, London, and Paris - where both established brands and emerging designers alike took to the runways. While numerous trends have surfaced, the sportswear...

Business

VF's Q1 loss widens, revenues drop

VF Corporation’s first quarter revenues of 1.9 billion dollars, were down 9 percent or 8 percent in constant dollars. The company reported loss per share of 67 cents and adjusted loss per share of 33 cents versus the first quarter of the previous year. VF also announced a quarterly per share dividend of 9 cents. Commenting on the first quarter...

PeopleFeatured

VF names Caroline Brown as global brand president of The North Face

VF Corporation has announced the appointment of Caroline Brown as global brand president of The North Face, starting the week of June 10, 2024. The company said in a statement that Brown succeeds Nicole Otto and, as a result of her appointment, Brown has resigned as a member of the VF board of directors. “With Caroline’s intense focus on brand...

BusinessFeatured

VF names new CFO amid turnaround efforts to boost sales

Fourth quarter revenue of 2.4 billion dollars at VF Corporation, was down 13 percent with The North Face down 5 percent, brand DTC up 6 percent or 7 percent in constant dollars, with ongoing weakness in US wholesale. FY24 revenue of 10.5 billion dollars, was down 10 percent or 11 percent in constant dollars. The company also announced the...

Business

VF Corp to make retail push in MENA and SEA regions with 300 store openings

VF Corp, the parent company to Vans, The North Face and Timberland, is preparing to make a big push in the Middle East and North Africa (MENA) and Southeast Asia (SEA) markets over the next five years through a new distribution and retail deal with GMG. As part of the agreement, retail conglomerate GMG has been tasked with expanding the presence...

Business

VF reports Q3 loss, revenues down 16 percent

VF Corporation reported a third quarter revenue decline of 16 percent or 17 percent in constant dollars to 3 billion dollars. The company’s loss per share was 11 cents, while adjusted earnings per share dropped to 57 cents. The company also announced a quarterly per share dividend of 9 cents and reiterated FY24 free cash flow guidance of...

BusinessFeatured

VF withdraws outlook, announces turnaround plan

For its second quarter, VF Corporation’s revenue declined 2 percent or 4 percent in constant dollars to 3 billion dollars. Loss per share for the quarter widened to 1.16 dollars, while adjusted earnings per share were 63 cents versus 73 cents per share in the same period last year. The company has announced a transformation program to drive...

Business

VF stock jumps after Engaged Capital reveals stake in the company

After picking a stake in VF Corporation, activist investment firm Engaged Capital is said to be pushing for cost cuts and board changes, according to a CNBC report. Shares of VF Corp closed at 18.45 dollars, 14 percent higher on Tuesday. Engaged expects the share prices to move upward to 46 dollars within three years if the changes proposed by...

BusinessFeatured

VF Q1 loss widens, revenues drop 8 percent

VF Corporation’s first quarter revenue of 2.1 billion dollars, was down 8 percent with the big four brands down 11 percent and the balance of the portfolio up 7 percent. The North Face revenue of 0.5 billion dollars, was up 12 percent, while Vans brand revenue of 0.7 billion dollars, was down 22 percent. The company’s loss per share of 15 cents,...

Retail

Regent Street remains a retail destination with new openings from Joseph and The North Face

London-based retail estate giant Great Portland Enterprises (GPE) has announed prominent brands The North Face and Joseph have signed retail leases for new Regent Street stores. The North Face is commiting to a 10-year lease at Walmar House, expanding its flagship store by 33 percent to approximately 10,000 sq ft. Joseph secures a sixth London...