September 18, 2018
The list of $200 billion in Chinese imports will impose a 10% tariff effective Sep. 24 on a number of sporting goods products, and that rate will escalate to 25% effective Jan. 1. That will, as a practical matter, delay the more serious impact of the tariffs until the Spring.
Net income improved 33% to NZD 50.5 million ($33.2 mm) from NZD 38.0 million for the fiscal year ended Jul. 31 as sales improved 12% to NZD 497.4 million ($326.8 mm) from NZD 445.3 million.
VF’s new headquarters for its North Face, JanSport, Smartwool, Eagle Creek and Altra brands will be in the LoDo neighborhood at 1551 Wewatta St. in a building formerly occupied by Gates.