Outdoor and sports key as VF Corporation aims for double-digit growth
12/06/2013
At a meeting with investors in New York on June 11, VF said it would achieve 8% growth per year organically and 2% through acquisitions. Chief executive, Eric Wiseman, said innovation, connecting with consumers, expanding geographically and growing the direct-to-consumer business would be key elements of the growth strategy.
The group also said its outdoor and action sports coalition, which includes footwear brands Vans and Timberland, would continue to be a key driver, with revenues from this part of its business expected to reach $11.1 billion by 2017. Strong growth is anticipated across all key regions: 12% in the Americas, 13% in Europe and 24% in Asia-Pacific.
Share this story:
