Welcome to our dedicated page for V.F. Corporation news (Ticker: VFC), a resource for investors and traders seeking the latest updates and insights on V.F. Corporation stock.
V.F. Corporation (NYSE: VFC) is a global leader in the apparel, footwear, and accessories industry, outfitting consumers worldwide with its diverse portfolio of iconic lifestyle brands. Founded in 1899, VF Corporation has grown to become one of the largest companies in its sector, renowned for its socially and environmentally responsible operations.
VF's brand portfolio includes well-known names such as Vans®, The North Face®, Timberland®, Wrangler®, and Lee®. These brands cater to a variety of consumer needs, from active and outdoor apparel to workwear. VF Corporation designs, produces, and distributes these brands across the Americas, Europe, and the Asia-Pacific region through multiple channels, including wholesale sales to retailers, e-commerce platforms, and a network of branded stores owned by both the company and partners.
Recent achievements highlight VF's innovative spirit and commitment to excellence. For instance, Vans global skateboarder Arisa Trew made history in 2023 by becoming the first woman to land a 720 on a skateboard and later, a Switch 540. She clinched the Women's Skateboard Vert gold at X Games California 2023 and subsequently became the youngest X Games double gold medalist at 13. Her relentless pursuit of progression in skateboarding continues to inspire future generations.
VF Corporation is committed to delivering long-term value to its customers and shareholders. This commitment is reflected in its ongoing projects and partnerships, aimed at enhancing product innovation and sustainability. The company’s robust financial condition further supports its goals of growth and expansion.
For the latest updates and detailed information about VF Corporation, visit their official website at www.vfc.com.
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.
VF Corporation (NYSE: VFC) has fully allocated €493 million from its inaugural green bond, marking a significant step in promoting sustainability. The funds were invested in 13 sustainability projects, resulting in the planting of 2 million trees and saving over 970 million liters of water annually. The initiative aligns with the company’s Made for Change strategy and supports key United Nations Sustainable Development Goals. VF aims to combine business success with environmental stewardship and hopes to inspire similar initiatives within the industry.
Vans has launched Channel 66, a digital livestream network broadcasting from New York City, Chicago, Mexico City, and Los Angeles. The channel aims to support artists and uplift communities during the COVID-19 pandemic. It features live audio and video broadcasts, including DJ sets, curated radio shows, and musical performances, starting February 8, 2021. Key shows include Chessboxing with GZA and poetry by Young Chicago Authors. Audiences can tune in weekdays at 11:00 am EST, with Friday nights reserved for special performances. Vans is committed to fostering community and creativity.
VF Corporation (NYSE: VFC) reported third-quarter financial results for fiscal 2021, with revenue declining 6% to $3.0 billion due to COVID-19 disruptions. Adjusted earnings per share fell 51% to approximately $1.30. Despite challenges, the company remains optimistic about growth in FY2022. The gross margin decreased to 54.7%, attributed to high promotional activity and currency impacts. VF declared a quarterly dividend of $0.49 per share, payable on March 22, 2021. The full-year revenue outlook is now projected at $9.1 to $9.2 billion, reflecting a 12%-13% decrease.
Vans has reintroduced its "Foot the Bill" program to support independent small businesses amid the ongoing impact of COVID-19. Through this initiative, custom footwear and apparel featuring unique artwork from participating partners will be available for online purchase. Proceeds from sales will help these businesses navigate economic challenges. Last year, the program sold nearly 21,000 pairs and raised over $4 million. Vans plans to partner primarily with Black-owned businesses in February, highlighting their contributions to local communities.
Vans has launched the 2021 Vans Custom Culture competition, inviting high school students to create digital shoe designs under the themes "Hometown Pride" and "Head in the Clouds." Registration opened on January 4 and closes on January 29. The competition offers a grand prize of $50,000 for the winning school's art program, with runner-ups receiving $15,000. Notably, Vans will donate $500 per participating school to an environmental organization. The top designs will be voted on online from April 26, and the winners will be announced in May.
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