The North Face news and archive

VF names Caroline Brown as global brand president of The North Face

VF Corporation has announced the appointment of Caroline Brown as global brand president of The North Face, starting the week of June 10, 2024. The company said in a statement that Brown succeeds Nicole Otto and, as a result of her appointment, Brown has resigned as a member of the VF board of directors. “With Caroline’s intense focus on brand...

ManagementFeatured

VF names new CFO amid turnaround efforts to boost sales

Fourth quarter revenue of 2.4 billion dollars at VF Corporation, was down 13 percent with The North Face down 5 percent, brand DTC up 6 percent or 7 percent in constant dollars, with ongoing weakness in US wholesale. FY24 revenue of 10.5 billion dollars, was down 10 percent or 11 percent in constant dollars. The company also announced the...

Fashion

The North Face and icebreaker launch r capsule collection for Spring/Summer 2024

The North Face has partnered with outdoor performance wear brand icebreaker to create a capsule collection of adventure wear for Spring/Summer 2024. The new collection seeks to redefine comfort and performance and is made from merino wool and Tencel fabric blend that is 100 percent plastic-free. "In collaborating with The North Face, we've...

Business

VF Corp to make retail push in MENA and SEA regions with 300 store openings

VF Corp, the parent company to Vans, The North Face and Timberland, is preparing to make a big push in the Middle East and North Africa (MENA) and Southeast Asia (SEA) markets over the next five years through a new distribution and retail deal with GMG. As part of the agreement, retail conglomerate GMG has been tasked with expanding the presence...

Report

VF reports Q3 loss, revenues down 16 percent

VF Corporation reported a third quarter revenue decline of 16 percent or 17 percent in constant dollars to 3 billion dollars. The company’s loss per share was 11 cents, while adjusted earnings per share dropped to 57 cents. The company also announced a quarterly per share dividend of 9 cents and reiterated FY24 free cash flow guidance of...

ManagementFeatured

VF withdraws outlook, announces turnaround plan

For its second quarter, VF Corporation’s revenue declined 2 percent or 4 percent in constant dollars to 3 billion dollars. Loss per share for the quarter widened to 1.16 dollars, while adjusted earnings per share were 63 cents versus 73 cents per share in the same period last year. The company has announced a transformation program to drive...

Management

VF stock jumps after Engaged Capital reveals stake in the company

After picking a stake in VF Corporation, activist investment firm Engaged Capital is said to be pushing for cost cuts and board changes, according to a CNBC report. Shares of VF Corp closed at 18.45 dollars, 14 percent higher on Tuesday. Engaged expects the share prices to move upward to 46 dollars within three years if the changes proposed by...

ManagementFeatured

VF Q1 loss widens, revenues drop 8 percent

VF Corporation’s first quarter revenue of 2.1 billion dollars, was down 8 percent with the big four brands down 11 percent and the balance of the portfolio up 7 percent. The North Face revenue of 0.5 billion dollars, was up 12 percent, while Vans brand revenue of 0.7 billion dollars, was down 22 percent. The company’s loss per share of 15 cents,...

Retail

Regent Street remains a retail destination with new openings from Joseph and The North Face

London-based retail estate giant Great Portland Enterprises (GPE) has announed prominent brands The North Face and Joseph have signed retail leases for new Regent Street stores. The North Face is commiting to a 10-year lease at Walmar House, expanding its flagship store by 33 percent to approximately 10,000 sq ft. Joseph secures a sixth London...

ManagementFeatured

VF Q4 revenue and earnings decline

VF Corporation’s fourth quarter revenue of 2.7 billion dollars, was down 3 percent or flat in constant dollars. The company reported a loss per share of 55 cents and adjusted EPS of 17 cents. For the fiscal year 2023, VF revenue of 11.6 billion dollars, was down 2 percent but up 3 percent in constant dollars. EPS decreased to 31 cents and...

Report

VF Corp closes second green bond to bolster sustainable initiatives

US fashion giant VF Corporation has announced the closing of a 500 million euro green bond offering to support its sustainability initiatives. The company, whose portfolio includes Supreme, The North Face, Timberland, and Vans, said an amount equivalent to the net proceeds from the offering has been dedicated to advance its Sustainability &...

ManagementFeatured

VF reaffirms full year EPS outlook

For the third quarter, VF Corporation revenues were down 3 percent on current exchange and up 3 percent in constant dollars to 3.5 billion dollars. The company’s earnings per share (EPS) were down 1 percent to 1.31 dollars, while adjusted EPS declined 17 percent to 1.12 dollars. Commenting on the third quarter trading, Benno Dorer, VF’s interim...