The North Face news and archive

VF Q4 revenue and earnings decline

VF Corporation’s fourth quarter revenue of 2.7 billion dollars, was down 3 percent or flat in constant dollars. The company reported a loss per share of 55 cents and adjusted EPS of 17 cents. For the fiscal year 2023, VF revenue of 11.6 billion dollars, was down 2 percent but up 3 percent in constant dollars. EPS decreased to 31 cents and...

Business

VF Corp closes second green bond to bolster sustainable initiatives

US fashion giant VF Corporation has announced the closing of a 500 million euro green bond offering to support its sustainability initiatives. The company, whose portfolio includes Supreme, The North Face, Timberland, and Vans, said an amount equivalent to the net proceeds from the offering has been dedicated to advance its Sustainability &...

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VF reaffirms full year EPS outlook

For the third quarter, VF Corporation revenues were down 3 percent on current exchange and up 3 percent in constant dollars to 3.5 billion dollars. The company’s earnings per share (EPS) were down 1 percent to 1.31 dollars, while adjusted EPS declined 17 percent to 1.12 dollars. Commenting on the third quarter trading, Benno Dorer, VF’s interim...

Business

The North Face introduces in-store take back programme in US

The North Face has expanded its upcycling clothing scheme, Renewed, with the launch of an in-store take back programme for its US customers. The retailer first piloted the Renewed Take Back programme in select stores throughout the beginning of September 2022. From November, the offer will now be available across its retail stores and outlets in...

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VF's Q2 sales decline, cuts earnings outlook

For its second quarter, VF Corporation reported revenue of 3.1 billion dollars, declined 4 percent and increased 2 percent in constant dollars with big four brands down 5 percent or up 1 percent in constant dollars and the balance of the portfolio up 4 percent or 13 percent in constant dollars. For the first six months, revenue of 5.3 billion...

Business

The North Face’s Van Leeuwen to head brand’s US business

The general manager of The North Face EMEA, Jan Van Leeuwan, is set to become the head of the brand’s US business, according to its owner VF Corp. Van Leeuwen, who has been at VF for over a decade, has held his current position at The North Face for four years and has been credited with helping shape the company and brand over this period. In...

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VF Corp lowers FY23 forecast, announces five-year growth plan

US fashion company VF Corporation has lowered its forecast for the current business year and presented its strategy for the next five. For the 2023 financial year, VF Corp, which owns brands such as The North Face and Vans, now expects sales growth to between 5 percent to 6 percent. Its previous guidance, given when it released its first-quarter...

People

The North Face makes two new executive appointments

The North Face has named two new members of its executive team to “help drive marketing and product innovations”. The VF Corp-owned brand named Jennifer Ingraffea as new chief product and merchandising officer. Ingraffea joins from sportswear giant Nike, where she spent the past 19 years, most recently serving as global vice president of kids...

Business

VF Q1 sales up, adjusts earnings outlook

First quarter revenue increased 3 percent or 7 percent in constant dollars to 2.3 billion dollars at VF Corporation, driven by increases in the EMEA and Americas regions partially offset by a decline in the APAC region primarily due to COVID lockdowns in China. Commenting on the results, Steve Rendle, chairman, President and CEO of VF said: “We...

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VF Q1 revenues increase, updates FY23 earnings outlook

VF Corporation’s first quarter revenue of 2.3 billion dollars, was up 3 percent or 7 percent in constant dollars with big four brands up 2 percent or 6 percent in constant dollars and the balance of the portfolio up 9 percent or 16 percent in constant dollars. VF is maintaining its currency adjusted FY23 outlook while revising its earnings...

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VF's Q4 sales increase 9 percent, earning jump

VF Corporation’s fourth quarter revenue of 2.8 billion dollars, rose 9 percent or 12 percent in constant dollars. Earnings per share of 21 cents, increased 32 percent; while adjusted EPS of 45 cents, was up 67 percent. Full year revenue of 11.8 billion dollars, increased 28 percent or 27 percent in constant dollars. Excluding acquisitions,...

Business

The North Face to enhance circular clothing programme with new partnerships

Outerwear specialist The North Face is set to further enhance its resale programme through a new partnership with Archive, a resale tech company, and the further integration of cleaning technology by Tersus Solutions. The North Face Renewed, the brand’s resale platform which launched back in 2018, will utilise Tersus’ waterless cleaning...