Vans continues to drive VF’s turnover

In its third quarter, VF Corporation, the owner of brands like The North Face, Jansport, Eastpak, Timberland and many more, increased its turnover by 5 percent to $3.3 billion compared with last year’s period. Operating profits were up by 6 percent to $582 million, net income soared by 11 percent to $436 million. The Outdoor & Action Sports Coalition improved its sales by 6 percent to $2 billion with balanced increases in the U.S. and internationally as well as in the wholesale trade on the one hand and own retail on the other. Changes in the shipment schedule from September to October had a negative impact of an estimated 2 percentage points. The brand The North Face saw a hike in sales by 3 percent. TNF’s business improved in the low single-digits in the Americas and Europe, but jumped on a low double-digit level in the region Asia-Pacific. Vans jumped by 16 percent, partially carried by a strong development in Europe where sales soared by 25 percent. Timberland grew by 2 percent.

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