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) announced a transformation plan for its Asia Pacific operations, shifting its brand operations center from Hong Kong to Shanghai. This move aims to enhance relationships with Chinese consumers and boost capabilities. The Asia Product Supply Hub will relocate to Singapore, while a new shared services center will open in Kuala Lumpur. The transition will occur over 12 to 18 months, with initial moves starting in April 2021. This strategy supports VF's commitment to becoming a consumer-focused and digitally agile enterprise in a rapidly evolving market.
VF Corporation (NYSE: VFC) will release its third quarter fiscal 2021 financial results on January 27, 2021, at 6:55 a.m. ET. A conference call for results discussion will follow at 8:30 a.m. ET, available live at ir.vfc.com, with an archived version accessible later.
Founded in 1899, VF is a leading apparel company with brands like Vans, The North Face, Timberland, and Dickies, aiming to promote sustainable and active lifestyles while creating value for stakeholders.
VF Corporation (NYSE: VFC) has successfully acquired the global streetwear brand Supreme® for an aggregate base purchase price of $2.1 billion. As a wholly owned subsidiary, Supreme® is expected to contribute at least $500 million in revenue and $0.20 to adjusted EPS in fiscal 2022. This acquisition is part of VF's strategy to enhance its consumer-focused, digital-first business model, building on the existing collaborations between Supreme® and VF's brands like Vans® and The North Face®.
VF Corporation (NYSE: VFC) has been recognized by Working Mother Media as one of the 2020+ Top Companies for Executive Women. This accolade highlights VF's commitment to gender parity and the advancement of women in senior roles. Key data shows a 1% increase in women corporate executives to 31% and a notable decrease in female executives overseeing divisions worth over $1 billion to 30%. The report emphasizes the importance of measuring women in senior positions, underscoring the ongoing efforts for gender equality in corporate leadership.
VF Corporation (NYSE: VFC) announced a definitive merger agreement with streetwear brand Supreme®. Current investors, The Carlyle Group and Goode Partners, are divesting their stakes. The merger is expected to close by late 2020, pending regulatory approval. VF aims to leverage Supreme®'s unique brand identity and enhance its digital business model. CEO Steve Rendle emphasized the strategic alignment with VF's vision for growth, while Supreme®'s founder, James Jebbia, will continue to lead the brand, ensuring its culture remains intact.
Vans announced the second-annual Vans Checkerboard Day, set for November 19, 2020, focusing on creativity's role in mental health. Following a global isolation period, Vans aims to raise awareness for mental well-being through creative expression. The brand will donate $1 million to 10 global charities supporting youth mental health initiatives. Events include a #VansCheckerboardDay TikTok challenge with brand ambassadors like Tony Hawk participating. Fans can also contribute by purchasing limited-edition merchandise, with proceeds aiding mental health charities.
VF Corporation (NYSE: VFC) announced its Q2 fiscal 2021 results, reporting a revenue drop of 18% to $2.6 billion due to COVID-19 impacts and store closures. The gross margin decreased by 340 basis points to 50.8%. Adjusted earnings per share were $0.67, down 55% year-over-year. However, VF raised its dividend to $0.49 per share, highlighting resilience with a return to growth expected in Q4. The company projects annual revenue of at least $9 billion, while adjusted free cash flow is expected to exceed $600 million.
VF Corporation (NYSE: VFC) has announced key organizational changes to enhance the alignment of its Core and Emerging Brands. All brand leaders will now report directly to CEO Steve Rendle. The new leadership includes Doug Palladini for Vans, Steve Murray for The North Face, and Martino Scabbia Guerrini for Timberland, while Kevin Bailey oversees the Asia Pacific Region and Emerging Brands. These changes aim to better manage brand performance and foster sustainable growth across all markets.
VF Corporation (NYSE: VFC) will release its second quarter fiscal 2021 financial results on October 16, 2020, at 6:55 a.m. ET. This will be followed by a conference call at 8:30 a.m. ET to discuss the results. The call will be accessible live on the Internet at ir.vfc.com, with an archived version available later. VF Corporation, established in 1899, is a leading global company in apparel and footwear, featuring well-known brands like Vans and The North Face, emphasizing sustainable lifestyles and stakeholder value.
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