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.
Apparel maker Quiksilver Inc (ZQK.N) said it will slash 200 jobs to cut costs in a worsening retail environment.Quiksilver, whose brands include Roxy, DC and Hawk, expects to record a related charge of about $5 mill...
Facing the weakest holiday season in nearly two decades, retailers and the vendors who keep their shelves stocked are walking a fine line between helping each other stay afloat and protecting their profits.
VF Corp reported a better-than-expected third-quarter profit on Friday as strong sales of its outerwear and fashion clothing brands offset declines in the manufacturer's jeans and sportswear businesses.