VF Corporation revenues fall in Q1 but outdoor a - sportstextiles: Lea SportsTextiles

News

VF Corporation revenues fall in Q1 but outdoor and action sports perform well

28/04/2017
VF Corporation has reported a 2% decline in revenues the quarter ending April 1, 2017. It brought in $2.6 billion in sales over the three-month period.

Its chief executive, Steve Rendle, said the result was “right in line with our expectations” and that the group’s largest brands, including The North Face, Timberland and Vans, had performed well, delivering solid results “against a retail backdrop that continues to experience significant dislocation”.

The group’s outdoor and action sports group increased its revenues by 2% year on year, bringing in revenues of almost $1.7 billion for the quarter.

Mr Rendle said VF is focused on becoming more agile and more consumer-centric.


Related stories:

VF to plough money into biggest brands 25/07/2017
VF publishes first Animal Derived Materials Policy 10/05/2017

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.