Ouch! According to the Inside Sporting Goods newsletter, "The decision by VF Corp. to ax some 2,300 employees in Martinsville, Virg., could force Henry Country to close four public schools." The school system apparently loses $3.5 million in revenue due to the VF layoffs. Talk about negative impact.
Did you hear?... VF Corp. reports second quarter earnings of $88.9 million
VF Corp. -- parent company of JanSport, Eastpak, and The North Face -- reported second quarter earnings of $88.9 million compared with $69.4 last year -- a 21.8 percent increase. The higher earnings came despite a drop in overall sales from $1.32 billion to $1.19 billion this ...read more