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.

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 year on the strength of company-wide reorganization and cost-cutting measures. During the conference call to investors and media, Mackey McDonald, chairman and CEO of VF practically gushed about the success and strength of VF's outdoor brands, singling out TNF as the pride of the company to date. McDonald stated that spring sell-through had been very good for TNF and that reorders were running 50 percent above plan. In addition, he stated that Fall-2002 pre-season bookings are 17 percent above last year's levels. In addition, McDonald stated that TNF's Spring 2003 launch of the A5 sportswear program is expected to help TNF go after more apparel dollars from its existing core customers while also extending the brand to a more diverse consumer audience. "A5 leverages the technical heritage of The North Face into lifestyle products that deliver quality, value and accessible price points," McDonald said. He emphasized that distribution of the cotton-based A5 would be primarily through specialty outdoor retailers. As for Tekware, it will continue as a core element in TNF’s programs giving the company a performance brand with more technical fabrications and higher price points.


Did you hear?... VF Corporation posted a $448.3 million net loss for its first quarter

VF Corporation (NYSE: VFC) the parent company of The North Face (TNF), JanSport, and Eastpak, posted a $448.3 million net loss for its first quarter, but still felt performance was better than expected because of reductions in inventory and a strong cash-flow. Inventories were ...read more

Did you hear?... GSI Commerce Inc. reports revenue of $33.1 million for second quarter

GSI Commerce Inc. (NASDAQ: GSIC), an outsource solution provider for e-commerce formerly known as Global Sports Inc, has announced net revenue for the second quarter ended June 29, 2002, of $33.1 million, which represents a 95 percent increase compared to net revenue of $17.0 ...read more

VF Corp. says international outdoor business up in third quarter

VF Corp. (NYSE: VFC) saw its third quarter net earnings ending Sept. 30, increase 28 percent to a record $1.15 from 90 cents in the prior year's third quarter. Earnings increased 25 percent to $128.6 million from $103.2 million in last year's period. Sales were $1.40 billion, ...read more


North Face, Vans boost VF Corp. 1Q earnings

VF Corp. (NYSE:VFC) reported higher revenue and profit for the first quarter, led by its Outdoor & Action Sports segment, including the North Face and Vans brands. The Greensboro, N.C.-based diversified apparel company said its revenue rose 12 percent to $1.96 billion in the ...read more

Did you hear?... DuPont reports that sales and earnings have declined

DuPont reports that sales and earnings have declined in the 1st quarter, with sales dipping 10 percent to $6.14 billion and net income declining 3.2 percent to $479 million. The company pointed to a continuing weakness in the U.S. textile market as the reason for significant ...read more

Did you hear?... Galyan's Trading Company Inc. reports first quarter net sales of $113.5 million

Galyan's Trading Company Inc. (Nasdaq: GLYN) has reported net sales for the first quarter were $113.5 million, a 29.1 percent gain over the same quarter last year. Comparable store sales rose 5.1 percent compared to the 3.3 percent growth in the first quarter last year. During ...read more


Did you hear?...VF Outdoor group eliminates select job positions

On Jan. 6, the VF Outdoor group, which includes The North Face, JanSport, Reef, Eagle Creek, Kipling, Napapijri and Eastpak, told each brand's employees that it had eliminated positions resulting in immediate job cuts. The job eliminations were not part of any company mandate to ...read more


The North Face, Vans propel VF Corp.’s 2Q results

VF Corp. (NYSE: VFC) reported a 15-percent rise in revenue and stronger profit for the second quarter 2011, led by a 23-percent sales rise of its outdoor and action sports brands, including the The North Face, Vans and Jansport. The Greensboro, N.C.-based apparel, footwear and ...read more


The North Face, Vans sales climb more than 20 percent as VF reports strong 4Q earnings

It’s no wonder that VF Corp. continues to focus on acquiring outdoor brands. The company’s outdoor earnings continue to surge and outperform. The parent company of the The North Face, Vans, Jansport and Timberland reported its fourth-quarter 2011 revenue up 37 percent to $2.91 ...read more