Revenues up 6% for VF in first quarter - sportstextiles: Lea SportsTextiles

News

Revenues up 6% for VF in first quarter

24/07/2019
Revenues up 6% for VF in first quarter
Apparel and footwear group VF Corporation, whose brands include The North Face, Vans, Timberland and Reef, has reported revenues of $2.3 billion for the first quarter of its current fiscal year, the three-month period ending June 30.

This is an increase of 6% compared to the same quarter last year.

The group’s outdoor segment increased its revenues by 7% to $610.6 million, which included a 9% increase for The North Face. The increase for the group’s active segment was 8% year on year, reaching $1.2 billion; within this segment, Vans increased its revenues by 20%.

While VF Corporation’s revenues outside the US increased by 2% during the quarter, the figure for China on its own was a rise of 21% year on year.

Other significant figures from the quarterly results are that the group’s direct-to-consumer revenue increased by 14% and, including online sales through partner retailers, its e-commerce revenues went up by 24% overall.

These figures do not include the results of VF’s denim business, which included the Wrangler, Lee and Rock & Republic brands. This part of the business ceased to be part of VF on May 22, 2019, to form a spin-off group called Kontoor Brands.


Related stories:

Slight dip in Timberland’s CSR performance 18/12/2019
Kontoor’s US distribution centres hit ‘zero waste’ target 17/12/2019
VF Corp targets large-scale circularity 01/10/2019
Denim brand uses contouring techniques to ‘lengthen and conceal’ 26/09/2019
Kontoor seeks alternative fibres as part of new forestry policy 25/09/2019
$1m pledged to imagination.org on inaugural Vans Checkerboard Day 19/09/2019
VF employees dedicate time to community projects 12/09/2019
Timberland announces bold goal to plant 50 million trees 05/09/2019
Hyosung extends fibre offering for denim blends 14/08/2019
Vans targets Europe with top appointment 30/07/2019

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.