VF cuts full-year forecasts on poor sales and demand for Timberland and Vans
The weak performance comes as the company has been spending heavily on marketing, launching new products and improving its online presence
24 January 2020 - 13:01
Bengaluru — VF Corporation cut its full-year revenue and profit forecasts on Thursday after missing quarterly sales estimates, hit by waning demand for its Timberland clothing and slowing growth at footwear manufacturer Vans, sending its shares down about 8%.
The weak performance comes as the 120-year-old company has been spending heavily on marketing, launching new products and improving its online presence to fend off larger rivals Nike and Under Armour...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.