• VF Corporation to sell nine brands under Work segment

    1 month ago - By Fashion United

    VF Corporation has announced that it is commencing a review of strategic alternatives for the occupational portion of its Work segment.
    “Driving and optimizing our portfolio continues to be a top strategic priority for VF, and exploring strategic alternatives for our occupational Work brands is the natural next step in that process,” said Steve Rendle, VF's Chairman, President and CEO in a statement, adding, “Divesting these brands would leave VF with a simplified portfolio of higher-growth, consumer-focused brands, while providing financial flexibility to fuel further strategic...
    Read more ...

     

  • VF Corp Q3 revenues increase but lowers earnings outlook

    VF Corp Q3 revenues increase but lowers earnings outlook

    1 month ago - By Fashion United

    Third quarter revenues at VF Corporation increased 5 percent or 6 percent in constant dollars to 3.4 billion dollars, driven by VF's largest brands, and its international and direct-to-consumer platforms. Excluding the occupational Work business, the company said in a statement, revenue increased 6 percent or 7 percent in constant dollars. Earnings per share were 1.13 dollars on a reported basis, while on an adjusted basis, earnings per share increased 14 percent to 1.23 dollars.
    “Our third quarter performance was strong and our year-to-date results are at the high end of our long-term...
    Read more ...