Latest Developments VF Corp – Page 5

  • Article

    VF Corp. will acquire Dickies

    2017-09-04T00:00:00Z

    VF Corp. has announced a definitive agreement to acquire Williamson-Dickie for $820 million in cash. A family-owned business, Williamson-Dickie designs and manufactures workwear apparel and footwear, which it sells under a number of brands including Dickies, Workrite and others. The acquisition is expected to be completed in the fourth quarter ...

  • Article

    Stronger growth again in sports shoes than garments

    2017-07-31T00:00:00Z

    This came out for the fourth year in a row from the annual study conducted by Sporting Goods Intelligence on the global branded athletic footwear and apparel markets. While the sports shoe market grew by 8.5 percent to an estimated $57.97 billion last year in terms of the vendors' revenues, ...

  • Article

    Frisk takes charge of Under Armour’s operations

    2017-07-13T00:00:00Z

    Under Armour has appointed Patrik Frisk as its president and chief operating officer, starting this week, as part of a broader executive reshuffle to streamline the group's management, aimed at optimizing its product assortment and at reinforcing its sales and marketing strategies.Thus, Frisk is making a comeback to the sporting ...

  • Article

    VF relies on European talent for the U.S.

    2017-05-18T00:00:00Z

    VF Corp. is reacting to a slowdown in the sales of The North Face and Timberland in North America by giving more responsibilities to two European managers, considering that both brands have been performing better in Europe lately.Arne Arens, the former executive of Nike Europe who had run TNF's operations ...

  • Article

    Digital and international will lead VF’s growth

    2017-03-31T00:00:00Z

    VF Corp. is projecting a compound annual growth rate (CAGR) in its total sales of between 4 and 6 percent over the next five years, driven by continued growth at Vans and th e resumption of growth at The North Face and Timberland, which have under-performed lately, especially in the ...

  • Article

    Smith replaces Arens to lead The North Face in Europe

    2017-03-31T00:00:00Z

    Kath Smith has been appointed vice president and general manager for The North Face in Europe, the Middle East and Africa (EMEA) from the end of March, at the company's European head office in Switzerland. After assignments with international consumer goods companies such as Mars, Diageo and the Adidas Group, ...

  • Article

    Industry stocks were flat in 2016

    2017-01-26T00:00:00Z

    After rising by 22.7 percent in 2015, the stock market capitalization of public companies in the sporting goods sector declined by 0.5 percent on a currency-neutral basis in 2016, dragged down by double-digit declines for major players like Nike, VF Corp. and Under Armour. Nike alone represented nearly 25 percent ...

  • Article

    Chains outperform global market growth

    2016-11-02T00:00:00Z

    The 72 largest integrated sporting goods retail chains saw their combined sales grow by 7.5 percent on a currency-weighted basis in 2015, according to our annual study of the global retail market. Translated into U.S. dollars, their sales inched up by 1.2 percent to a net total of almost $93 ...

  • Article

    Timberland issues an update on its CSR efforts

    2016-10-13T00:00:00Z

    Timberland recently released an update about its corporate social responsibility (CSR) actions. In the second quarter of this year, 95.5 percent of the leather used by the brand was produced by tanneries with a silver or gold rating. In the same period, 44 percent of the cotton used in its ...

  • Article

    Sports shoes rose faster than apparel in 2015, globally and in Europe

    2016-08-19T00:00:00Z

    Fuelled by the growing popularity of sneakers used as casual footwear, the major sports brands performed much better in the footwear segment than in the bigger and more fragmented sports apparel market in 2015, according to an annual survey conducted by Sporting Goods Intelligence. The same happened in the previous ...