9 Nov 2022

After downgrading its full year outlook for a second time for fiscal 2023, VF Corp. outlined the headwinds it was currently facing.

 

 

VF said that the downgrade reflects foreign exchange headwinds, higher-than-usual inventory levels and more promotional activity in the marketplace. In the second quarter, inventory was 88%higher than in 2021, due to a large shipment that VF has taken control of at the point of embarkation.

In the quarter, the owner of Vans, the North Face, and Timberland revealed that revenue was 4% lower than in the same period one year ago, coming in at $3.1 billion.

According to VF Corp. chairman, president and CEO Steve Rendle, the company is monitoring all non-strategic outgoings in the context of the current “challenging environment”.

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。

 

我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

 

亞太區皮革展遵循英富曼的 Informa AllSecure 規定,提高新冠肺炎疫情後活動之健康和安全標準。

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