USA: VF Corp Posts 10 Per Cent Slump In Sales And Profits
The world's largest jeans maker, VF Corp, on Wednesday revealed a sharp fall in fourth quarter earnings due to a 10 per cent slide in sales and a $236 million restructuring charge that included 13,000 job cuts. The Greensboro-based denim giant, which produces Wrangler and Lee jeans along with Vanity Fair lingerie and North Face outerwear, said net earnings, excluding restructuring charges, were $57.4m, or 50 cents per share, compared with $86.8m, or 74 cents per share in the year-ago period.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- British Brexit plans prioritise tariff-free trade
- Outlook 2017 – What next for apparel sourcing?
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- MAS Holdings planning second industrial park
- American Apparel to shutter all stores?
- Better compliance "crucial" for Bangladesh growth
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022