Outdoor and sports deliver double-digit growth f - sportstextiles: Lea SportsTextiles

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Outdoor and sports deliver double-digit growth for VF

26/10/2015
VF Corporation’s outdoor and sports “coalition”, which includes brands such as The North Face, Timberland and Vans, recorded growth in revenues of 13% in the third quarter, contributing substantially to overall revenue growth of 8% overall for the three-month period, reaching almost $3.6 billion.

Outdoor and sports contributed $2.3 billion to the group’s third-quarter total. The North Face’s revenues rose by 11%, Vans’ by 10% and Timberland’s by 21%.

For the year so far, outdoor and sports have contributed $5.3 billion of VF’s overall revenues of $8.9 billion.

Commenting on the third-quarter results, VF’s chief executive, Eric Wiseman, said: “We delivered excellent operating results by staying focused on what we do best – bringing relevant, innovative product to the marketplace, amplifying our relationships with consumers and driving operational excellence into every area of our business.”


Related stories:

VF puts sports group business on the block 31/03/2016
VF names president of outdoor and action sports Americas 23/03/2016
VF to help Vietnamese suppliers reduce consumption 18/03/2016
VF offers snapshot of supply chain 09/03/2016
VF untroubled by revenue dips in 2015 22/02/2016
VF adds brand expert to board 19/02/2016
Timberland: Organic and recycled content percentage continues to decline 04/12/2015

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