USA: Jeans Giant VF Corp Q3 Earnings Surge 25%
The world's largest apparel company and make of Lee and Wrangler jeans, VF Corp, on Thursday reported a 25 per cent year-on-year jump in third quarter profit as it reaped the rewards of low inventories and reduced markdowns. The North Carolina-based firm, whose other brands include Vanity Fair, North Face, Lee Sport and Lily of France, posted earnings of $128.6 million, or $1.15 a share, compared with $103.2m, or 90 cents a share, in 2001.
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