VF changes CFO following flat first quarter results
Outdoor group VF Corporation has reported a flat first quarter but said it now expects a 2% rise in revenues by the end of the year, compared with last year.
Group CEP Bracken Darrell said: “The North Face, Timberland and Altra delivered another quarter of growth; and Vans Americas consumer sales continued to grow but was more than offset by declines in wholesale. We expect Vans wholesale to improve significantly in the second half of the year.