VF Corp reported a lower quarterly profit that nevertheless beat Wall Street estimates, helped by cost controls and inventory management. The company also stood by its 2009 forecast and its shares rose.
The president of VF International, Karl Heinz Salzburger, announced that Patrik Frisk has been promoted to president of outdoor & action sports (EMEA), responsible for the JanSport, The North Face, Reef and Vans brand...
VF Corp posted a steeper-than-expected drop in quarterly profit and lowered its full-year outlook on Tuesday 28 April on weak international demand for jeans, and the apparel maker's shares fell 9 percent.
Apparel maker VF Corp reported fourth quarter earnings that topped analysts' lowered estimates and said it expects "modest revenue declines" in its jeanswear, sportswear and imagewear businesses in 2009.