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.
VF Corporation (NYSE: VFC), parent company to iconic brands including Vans, The North Face, and Timberland, maintains this centralized news hub for investors and industry observers. Access official press releases and curated updates about strategic initiatives across the apparel leader's global operations.
This resource provides essential updates on earnings reports, leadership changes, sustainability efforts, and brand portfolio developments. Users can track VFC's multichannel retail strategies, product innovations, and market expansions through verified announcements.
Key content includes financial disclosures, partnership announcements, and operational updates across active, outdoor, and workwear segments. All materials are sourced directly from corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to VF Corporation's latest developments. Combine these updates with SEC filings and market analysis for comprehensive investment research.
Vans has launched public nominations for its "Foot the Bill" program aimed at financially supporting small businesses impacted by the COVID-19 pandemic. As of March 2021, the program has already aided 27 businesses. Each week, up to six businesses will be showcased on the program's site, allowing consumers to learn about them and buy custom-designed Vans. Proceeds will go directly to participating partners to help them through ongoing challenges. This initiative also highlights women-owned businesses in March.
VF Corporation (NYSE: VFC) has appointed Susie Mulder as the Global Brand President of Timberland®, effective April 5. Mulder will oversee brand strategy focusing on product diversification, a digital-first approach, and eco-innovation. Previously, she was CEO of NIC+ZOE, where she drove revenue growth and e-commerce initiatives. With over 15 years at McKinsey & Company, she brings extensive retail experience. Mulder's leadership aims to enhance Timberland's market position and commitment to sustainability.
Vans has launched a new artist-first brand campaign titled "These Projects Are Ads for Creativity" to celebrate creativity in its various forms. The campaign empowers artists by providing them resources to create diverse works such as music videos, sculptures, and custom shoes. Rather than traditional advertising, Vans focuses on showcasing actual creative outputs from artists globally. The campaign is hosted on Vans.com/offthewall, serving as a digital hub that will expand throughout the year, highlighting artist stories and encouraging fan participation in creativity.
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.
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