Welcome to our dedicated page for V.F. news (Ticker: VFC), a resource for investors and traders seeking the latest updates and insights on V.F. 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 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.
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.
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