Vans contributes to strong quarter for VF - sportstextiles: Lea SportsTextiles

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Vans contributes to strong quarter for VF

23/01/2019
Footwear and apparel group VF has reported revenue of $3.9 billion in the third quarter (period ended December 29), an increase of 8% compared to the same period of the previous financial year.

Sales from the group’s active brands, which include Vans and Napapijri, were up 16% year-on-year, driven by growth of 25% from Vans.

Its outdoor brands, which include Timberland, The North Face and Altra, recorded revenue growth of 11%. TNF saw its sales increase 14%, while VF said new acquisitions, such as Altra, contributed a four-percentage point revenue growth. 

VF said its international revenue increased 5% year-on-year during the quarter, including growth of 18% from China. 

The group now expects full-year revenue of at least $13.8 billion. This would represent growth of 12% compared to last year. 

Related stories:

Vans targets Europe with top appointment 30/07/2019
Altra moves beyond trail running mainstay 20/06/2019
VF names new supply chain chief 03/06/2019
VF announces new name of denim business 10/12/2018
VF appoints new brand president for Altra 26/11/2018
Head of Vans in Europe moves to TNF 16/11/2018
VF makes progress on spin-off of jeans business 14/11/2018
New acquisitions contribute to strong quarter for VF 24/10/2018

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