V.F. Corporation reports developments for a branded apparel, footwear and accessories portfolio centered on outdoor, active and workwear categories. Its brands include The North Face, Vans and Timberland, and its products are sold through wholesale channels, e-commerce and branded retail stores operated by the company and partners.
Recurring VFC news includes fiscal earnings releases, conference-call schedules, investor conference appearances, board dividend actions, brand-portfolio updates and supply-chain initiatives. Company announcements also cover retail technology and inventory-visibility programs tied to product availability, omnichannel operations and brand protection across its global store and distribution network.
VF Corporation's philanthropic arm, The VF Foundation, announced over $8 million in grants and more than $24 million in total donations, impacting 3 million people across 73 countries from March 29, 2020 to April 3, 2021. The report emphasizes four priorities: equitable outdoor access, inclusive leadership in apparel, self-expression, and disaster relief. Notable partnerships include The Trust for Public Land and the United Nations Foundation. Since 2002, the Foundation has granted nearly $60 million globally.
VF Corporation (NYSE: VFC) has appointed Kevin Bailey as the Global Brand President of Vans, marking his return to the brand after several leadership roles at VF. Previously, Bailey served as President of Vans from 2009 to 2016, during which time revenue grew to $2.2 billion. He will report to CEO Steve Rendle and is expected to focus on revitalizing Vans' global growth. Bailey replaces Doug Palladini, who held the position since 2016, and has been thanked for his contributions to the brand during his tenure.
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Vans launches its artist-first brand campaign, "These Projects Are Ads for Creativity", emphasizing creative expression through various art forms. The campaign empowered over 60 artists in 2021, and the 2022 edition focuses on uplifting Black voices and communities. Featured projects include collaborations with the nonprofit STOKED and the punk band RadKey, showcasing music and community engagement. Vans aims to celebrate diverse creativity throughout the year, with a commitment to supporting artists and their projects.
VF Corporation (NYSE: VFC) reported a 22% increase in revenue from continuing operations for Q3, reaching $3.6 billion. Excluding acquisitions, revenue rose 15%. Growth was driven by the Active segment (up 25%) and Outdoor segment (up 23%), despite a 6% decline in Greater China revenue. Adjusted earnings per share increased 45% to $1.35, with full-year revenue guidance raised to approximately $11.85 billion. The company returned $500 million to shareholders and plans to continue dividend payments amidst ongoing challenges related to COVID-19.
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VF Corporation has appointed Nicole Otto as the new Global Brand President of The North Face®. Otto brings 16 years of experience from Nike, where she was Vice President of Nike Direct North America until May 2021. She will succeed Steve Murray, who is retiring in June 2022. Otto's appointment is part of a succession plan aimed at leveraging her expertise in consumer engagement and digital commerce to drive growth in The North Face® brand.
VF Corporation (NYSE: VFC) will release its third quarter fiscal 2022 financial results on January 28, 2022, at approximately 6:55 a.m. ET. A conference call to discuss the results is scheduled for 8:30 a.m. ET the same day, which will be accessible via live broadcast on the company’s investor relations site. VF Corporation, established in 1899, is a leading global apparel and footwear company, connecting consumers to their favorite lifestyle brands like Vans and The North Face.