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Article Date: October 2020
Word Count: 712

VF Corp. Sees Growth in Second Half after Q2 Declines


Net income dropped 60% to $256,722,000 in the fiscal second quarter ended Sep. 30, from $649,001,000 last year, on 18% lower revenues of $2,608,324,000 down from $3,179,758,000, which included a 16% aggregate decline from VF’s Big 4 brands: Vans, The North Face, Timberland and Dickies. E-commerce was a bright spot, growing 44% in the quarter, but it was not enough to offset lower brick-and-mortar traffic, and total DTC revenue was off 16%. Wholesale fared even worse, dipping 18%. International sales were down 15% despite a 16% increase from Greater China that helped APAC grow 2% overall, as EMEA declined 16% ... Log in to view full article.

 


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