All VF Corp. articles – Page 3
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News briefsTNF appoints new CMO and chief product and merchandising officer
VF brand The North Face has added two women to its management team. Sophie Bambuck is joining the company as chief marketing officer and Jennifer Ingraffea as chief product and merchandising officer. Bambuck brings in a 20-year background in global and integrated marketing strategy across several brands, including Everlane, Nike ...
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News briefsVF reportedly cutting several hundred jobs
ShopEatSurf reported that VF Corp. headquartered in Denver, Colorado, and parent company of brands such as The North Face, Timberland, Smartwool, Altra, Icebreaker and Vans, is cutting 600 jobs worldwide “to align our people and capabilities with our highest strategic priorities,” as VF CEO Steve Rendle reportedly stated in a ...
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News briefsIcebreaker publishes transparency report with a focus on regenerative agriculture
VF Corp. brand Icebreaker, headquartered in Switzerland since 2021, has published its latest transparency report, purposefully choosing earth overshoot day as a release date. The report mainly focuses on the efforts and successes the brand has made in regenerative agriculture, one of the important aspects of product circularity. The information ...
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ArticleVF Corp. suffers quarterly loss, but EMEA is strongest region
VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...
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ArticleAnalysis: Outdoor industry stocks fell more than 21% in Q2
Outdoor industry stocks fared worse in the second quarter than in the first period of 2022, declining an average of 21.18 percent compared to a 17.84 percent sequential drop in the average stock prices of companies primarily involved in the outdoor and bicycle sectors. This time around, our quarterly analysis ...
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News briefs
ZQRX and Land to Market partner up to accelerate regenerative agriculture
In a new strategic collaboration, the New Zealand Merino Company’s regenerative wool platform, ZQRX, and Savory Institute’s Land to Market program aim to further support ZQRX’s network of growers, which represent over 3.7 million acres of land (roughly 15,000 square kilometers), by helping to establish regenerative farming and monitoring the ...
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ArticleThe North Face helps drive Q4 revenue rise, but Vans hit by China lockdowns
VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fourth quarter of 2022, driven by The North Face (TNF), although sales at Vans were flat during the period. Sales were boosted by a 15 percent increase in the EMEA region and 12 percent in ...
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News briefsWaterAid and VF Foundation launch program to improve water, sanitation and hygiene in Cambodia
WaterAid, an international nonprofit organization, and the VF Foundation announced the launch of a year-long program to provide access to clean water, sanitation and hygiene for more than 85,000 people in Cambodia. With $250,000 in support from the VF Foundation, WaterAid will improve access to clean water in Cambodia’s Kandal ...
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News briefsVF Foundation releases latest social impact report
Source: VF Foundation VF Foundation Impact Report In its second impact report, the VF Foundation (the philanthropic arm of VF Corp.) reveals details of its humanitarian and community engagement, reaching out to more than three million people in 73 countries during the period between March 29, 2020, ...
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News briefsVF Foundation joins U.S. Regenerative Cotton Fund
The VF Foundation, a private grantmaking organization funded by VF Corp., announced today that it would join the Soil Health Institute’s (SHI) U.S. Regenerative Cotton Fund (USRCF) as a sustaining supporter. The USRCF is a farmer-facing, science-based initiative designed to support long-term, sustainable cotton production in the United States to ...
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ArticleOutdoor and bike industry stocks fall nearly 18% in Q1
Our quarterly analysis of the outdoor stock market shows a 17.84 percent sequential decline in the average stock prices of 31 public companies primarily involved in the outdoor and bicycle sectors between Jan. 1 and March 31. Broader market conditions weighed on the sector, which had posted stock price increases ...
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ArticleTNF drives VF Corp.’s sales and outlook
VF Corp., the owner of brands such as Vans, The North Face and Timberland, cut its overall sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment, led by Vans, while ...
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ArticleFormer Nike executive to become TNF’s new global brand president
VF Corp. has named Nicole Otto global brand president of its Denver, Colorado-based outdoor brand The North Face (TNF). Otto will succeed Steve Murray, who will be retiring. Murray had been promoted from president of Americas to global brand president of TNF in October 2020 as part of management structure ...
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News briefsVF promotes Nina Flood to president, global packs for Eastpak, Jansport and Kipling
Source: VF Corp Nina Flood VF Corp. has appointed Nina Flood as president, global packs for Eastpak, JanSport and Kipling. She has most recently served as president of Eastpak after a long career at VF brands Nautica and Kipling. Flood joined VF Corp. in 2003 after leaving ...
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ArticleFormer Timberland CEO and his son unveil new “biocircular” sustainable hiking boots
Erem, a Nevada-based company founded in 2021 that calls itself “the first outdoor brand focused on desert performance,“ has unveiled a new hiking boot that is ”high on performance and low on environmental impact.” Source: Erem While most hiking boots today are made by thermo-fusing plastics and ...
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ArticleThird annual profile outlines VF Corp’s inclusion and diversity strategy
VF Corp. has released its third IDEA (inclusion, diversity, equity and action) Annual Profile. The report covers the company’s fiscal year 2021 and defines key strategic pillars that serve as drivers and benchmarks for VF’s IDEA goals. VF has publicly committed to two ambitious goals related ...
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ArticleCOP26: Fashion industry boosts climate ambitions with renewed charter
A group of companies from the broader fashion industry has released a new Fashion Industry Charter for Climate Action with updated science-based emissions reduction targets at the Glasgow Climate Conference (COP26). The new commitment includes a decarbonization plan that is consistent with the Paris Agreement targets to limit global temperature ...
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News briefsVF named one of the top female-friendly companies in the world
VF Corp. was ranked 12th out of 300 companies on Forbes’ list of “World’s Top Female Friendly Companies 2021,” a ranking compiled by Forbes and market research firm Statista Inc. For the list, 85,000 women in 40 countries were surveyed and asked to rate their employers on criteria such as ...
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News briefsTextile Exchange and TextileGenesis pilot new industry tracking program
After a year of collaborative development, nonprofit organization Textile Exchange and traceability platform TextileGenesis are piloting a new industry tracking program called eTrackit. The new digital system for granular traceability creates material accounting of certified materials at the article level across the supply chain, enabling peer-to-peer validation and leveraging third-party ...
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ArticleVF releases sustainability and responsibility report “Made for Change”
Focusing on the three areas ”people, planet and product”, VF Corp., with its group of brands, has just released its fourth sustainability and responsibility report, titled ”Made for Change.“ Highlights of the report include: People: In FY2020, roughly 290,000 people were supported via VF’s worker and community development program. ...
