Vans news and archive

Sun Choe to join VFC as global brand president of Vans brand

VF Corporation has appointed Michelle (Sun) Choe as global brand president, Vans, beginning in late July. Sun, the company said in a release, is a highly accomplished apparel industry executive with nearly three decades of experience leading design and merchandising for renowned global brands, including Lululemon, Marc Jacobs, West Elm,...

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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...

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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...

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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,...

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Vans unveils new premium label OTW by Vans

VF-Corporation-owned skate and streetwear brand Vans has unveiled a new premium label, OTW by Vans, to offer a more “elevated product and brand experience,” while bringing together innovators of art, design, style, skate culture and entertainment. In a statement, Vans explained that OTW by Vans is a new vision conceived under the direction of...

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VF Q4 revenue and earnings decline

VF Corporation’s fourth quarter revenue of 2.7 billion dollars, was down 3 percent or flat in constant dollars. The company reported a loss per share of 55 cents and adjusted EPS of 17 cents. For the fiscal year 2023, VF revenue of 11.6 billion dollars, was down 2 percent but up 3 percent in constant dollars. EPS decreased to 31 cents and...

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VF reaffirms full year EPS outlook

For the third quarter, VF Corporation revenues were down 3 percent on current exchange and up 3 percent in constant dollars to 3.5 billion dollars. The company’s earnings per share (EPS) were down 1 percent to 1.31 dollars, while adjusted EPS declined 17 percent to 1.12 dollars. Commenting on the third quarter trading, Benno Dorer, VF’s interim...

Fashion |In Pictures

Vans and Timberland debut their first-ever collaboration

VF Corp brands Vans and Timberland are launching their first-ever collaboration featuring a brand-new silhouette that’s half skate shoe and half boot. The ‘Vans Skateboarding x Timberland Half Cab Hiker’ combines Vans’ storied skate shoe, the ‘Half Cab,’ first released in 1992, which is currently celebrating its 30th anniversary, with Timberland...

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VF's Q2 sales decline, cuts earnings outlook

For its second quarter, VF Corporation reported revenue of 3.1 billion dollars, declined 4 percent and increased 2 percent in constant dollars with big four brands down 5 percent or up 1 percent in constant dollars and the balance of the portfolio up 4 percent or 13 percent in constant dollars. For the first six months, revenue of 5.3 billion...