US: Timberland lays off workers amid structural changes
Outdoor and action sports wear brand Timberland has confirmed to just-style that an unspecified number of employees have been laid off at its Stratham site amid ongoing changes to its organisational structure.
The changes come less than a year after the company was sold for $2.2bn to apparel and footwear giant VF Corp for $2.2bn, which also owns brands such as Wrangler, Nautica and The North Face.
"We are continuing to evolve our organisational structure so that it is better aligned with our long term growth and profit objectives," a spokesperson for the company said.
"Unfortunately, that resulted in hard choices about positions, and has impacted colleagues within the Timberland community.
"Over time, growing the business and adding new capabilities should actually result in more Timberland jobs being added in the coming years."
Timberland has 5,600 employees around the world, and operates stores throughout North America, Europe, Asia, Latin America, South Africa and the Middle East. No details were disclosed onthe type of jobs that are being lost.
Last month, VF raised its full-year earnings guidance on the back of strong first-quarter results. Revenues generated by Timberland helped lift sales by 31% to $2.5bn in the three months to 31 March, while net income increased 7.3% to US$215.2m.
Indian denim manufacturers are coping better than alarmist reports would suggest with a 25% rise in the price of synthetic indigo dye imported from China. They have warned, however, that they may try ...
A group of buyers representing some 20 global brands and retailers is this week visiting Bangladesh as part of a wider regional tour to explore sourcing alternatives to China....
Performance fabric maker Polartec has appointed former Timberland president Gary Smith as chief executive officer and Joe Robinson as chief financial officer....
Top stories on just-style this week included a pledge by Marks & Spencer to eliminate hazardous chemicals from its supply chain by 2020, strong third-quarter profits at VF Corp, and news that Esprit i...
VF Corp today lifted its full-year expectations after recording a strong third-quarter performance. ...
Reliance Retail, the retail arm of industrial conglomerate Reliance Industries, has booked a 48% jump in first-half turnover, helped by strong same-store sales growth....
Apparel giant VF Corporation aims to leverage leading brands such as Timberland and Lee to more than double its revenues in the Asia Pacific region to US$2bn by 2017....
Outdoor wear brand Eddie Bauer has appointed Daniel Templin as chief operating officer and CFO. ...
- Synergies Worldwide CEO unravels sourcing shifts
- Bangladesh still needs reforms to fix factories
- First figures show Bangladesh exports climb
- Why have US FTA imports fallen to a record low?
- Rana Plaza three years on – Timeline of change
- Hanesbrands to buy Pacific Brands for $800m
- BHS lacks relevance as it files for administration
- Improving traceability a key industry challenge
- US Q1 in brief: Carter's, Columbia Sportswear, Ske
- Aeropostale delisted from New York Stock Exchange