VF declines by 8% overall, but Vans down 22%
04/08/2023
US footwear group VF Corporation, owner of The North Face, Timberland and Vans, plus others, has registered a year-on-year decline of 8% for the three months ended July 1, reporting $2.1 billion in revenue.
TNF grew 12% to bring in $2.09 billion, whereas Timberland saw a decline of 6%. Ongoing difficulties at Vans continued, with the brand down 22% year on year.
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