V.F. Corp - VFC STOCK NEWS

VF Corporation (NYSE: VFC) will announce its fourth quarter fiscal 2021 financial results on May 21, 2021, at 6:55 a.m. ET. Following this, a conference call is scheduled at 8:30 a.m. ET for management to discuss the results. The call will be available live online at ir.vfc.com, with an archived version accessible afterward. Founded in 1899, VF Corporation is a major player in the apparel and footwear industry, featuring well-known brands such as Vans, The North Face, and Timberland, with a commitment to promoting sustainable lifestyles.

VF Corporation (NYSE: VFC) has announced a definitive agreement to sell its occupational workwear brands to a subsidiary of Redwood Capital Investments. The brands involved include Red Kap®, Bulwark®, and Workrite®, among others, while Dickies® and Timberland PRO® are excluded from this sale. CEO Steve Rendle emphasized that this decision aligns with VF's strategy to focus on consumer-centric operations and simplify its portfolio. The deal is expected to close in the first quarter of fiscal 2022, pending regulatory approvals.

VF Corporation (NYSE: VFC) has appointed Matt Puckett as the new Executive Vice President and Chief Financial Officer, effective upon the retirement of Scott Roe at the end of May. Puckett, with 20 years of experience at VF, has held various significant roles, including CFO of Timberland and CFO of VF International. CEO Steve Rendle emphasized Puckett's comprehensive financial management expertise and the company's robust succession planning. Roe, who served 25 years at VF, is credited with crucial contributions to the company’s growth and international platforms.

Vans, a leading action sports brand, has announced ambitious sustainability commitments aimed at transforming its materials and operations by 2030. Key initiatives include using 100% regenerative, responsibly sourced, renewable, or recycled materials, and achieving a 30% reduction in carbon emissions from 2017 levels. Further goals involve eliminating all single-use plastic packaging by 2025 and transitioning to 100% renewable energy in owned facilities by 2025. These efforts align with the United Nations' Sustainable Development Goal 12, showcasing Vans' commitment to environmental responsibility.

VF Corporation (NYSE: VFC) has launched the DiverCity x DESIGN program in partnership with PENSOLE Academy, aiming to enhance diversity in the footwear industry by empowering BIPOC students. The initiative includes a competitive program with online and in-person phases, providing hands-on training and mentorship opportunities. Open enrollment runs from March 9 to March 30, 2021, and aims to prepare students for careers in footwear design. This program follows VF's commitment to racial equity and expands its efforts to build inclusive educational pathways for underrepresented communities.

Vans has launched public nominations for its "Foot the Bill" program aimed at financially supporting small businesses impacted by the COVID-19 pandemic. As of March 2021, the program has already aided 27 businesses. Each week, up to six businesses will be showcased on the program's site, allowing consumers to learn about them and buy custom-designed Vans. Proceeds will go directly to participating partners to help them through ongoing challenges. This initiative also highlights women-owned businesses in March.

VF Corporation (NYSE: VFC) has appointed Susie Mulder as the Global Brand President of Timberland^®, effective April 5. Mulder will oversee brand strategy focusing on product diversification, a digital-first approach, and eco-innovation. Previously, she was CEO of NIC+ZOE, where she drove revenue growth and e-commerce initiatives. With over 15 years at McKinsey & Company, she brings extensive retail experience. Mulder's leadership aims to enhance Timberland's market position and commitment to sustainability.

Vans has launched a new artist-first brand campaign titled "These Projects Are Ads for Creativity" to celebrate creativity in its various forms. The campaign empowers artists by providing them resources to create diverse works such as music videos, sculptures, and custom shoes. Rather than traditional advertising, Vans focuses on showcasing actual creative outputs from artists globally. The campaign is hosted on Vans.com/offthewall, serving as a digital hub that will expand throughout the year, highlighting artist stories and encouraging fan participation in creativity.