Sales rise again at Vans and Timberland
23/10/2013
Vans third-quarter revenues were up 16%, driven by a double-digit growth rate in the Americas, with 25% growth in Europe and a high single-digit growth rate in its Asia Pacific business. Globally, the Vans posted strong revenue increases in both its wholesale and direct-to-consumer channels.
Revenues for the Timberland brand were up 2%. In the Americas region, revenues increased at a mid-single-digit percentage rate and in Asia Pacific, revenues increased at a low single-digit percentage rate.
Revenues at footwear brand Reef were also said to be “strong”.
“VF is at its best when we empower our brands to deliver innovative products, connect with consumers and operate with efficiency and discipline,” said Eric Wiseman, VF chairman and chief executive. “Our third quarter results validate our growth strategy and our ability to deliver strong results in a challenging economic environment.”
Share this story:
