V.F. Corp Stock Price, News & Analysis

VF Corporation (NYSE: VFC) has completed the sale of its occupational workwear segment to a subsidiary of Redwood Capital Investments, LLC. This segment includes brands like Red Kap®, Bulwark®, and Workrite®, but excludes Dickies® and Timberland PRO®. The sale aligns with VF's strategy to streamline its operations following a definitive agreement announced on April 28, 2021. The terms of the sale remain undisclosed, as the company continues to focus on its core lifestyle brands while enhancing stakeholder value.

Vans, a leader in skateboarding for over 50 years, announces a partnership with Skateistan to empower youth through skateboarding and education. Celebrating Go Skateboarding Day, Vans will donate $10 from every pair of Custom Skate Classics sold from June 21 to August 30, aiming to raise up to $200k for Skateistan. This initiative emphasizes community support in skateboarding's growth, guided by skate legends like Tony Hawk and Vans athletes. The campaign features the video project 'Where It Starts', highlighting skateboarding's roots and its significance in local communities.

VF Corporation (NYSE: VFC) reported its fourth quarter and full-year results ending April 3, 2021. The company emphasized its successful navigation of fiscal 2021, driven by strategic actions to protect employees and investments aimed at transformation and organic growth. The financial results reflect stable performance amid challenges, aligning with both reported and adjusted metrics. CEO Steve Rendle expressed satisfaction with the company's resilience and proactive measures during the year, highlighting a strong commitment to future growth.

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 The call will be available live online at ir.vfc.com, with an archived version accessible afterward.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.