×
80 266
Fashion Jobs
BLOOMINGDALE'S
Outlet Keyholder Selling, Merrimack - Full Time
Permanent · Merrimack
TJ MAXX
Retail Sales Floor Supervisor Full Time
Permanent · Dunwoody
TJ MAXX
Distribution Center Supervisor- Pittston, PA
Permanent · Pittston
HOMEGOODS
lp Detective
Permanent · Christiana
MARSHALLS
Loss Prevention Detective
Permanent · Worcester
TJ MAXX
lp Detective
Permanent · St. Cloud
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · La Verne
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Rockwall
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Morristown
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Roseville
ULTA BEAUTY, INC.
General Manager
Permanent · New York
NORDSTROM
Asset Protection - Agent - Manchester Highlands Rack
Permanent · Manchester
NORDSTROM
Asset Protection - Security Ambassador - Twenty Ninth Street Shopping Center Rack
Permanent · Boulder
NORDSTROM INC
Asset Protection - Security Ambassador - Rookwood Pavilion Rack
Permanent · Cincinnati
NORDSTROM
Asset Protection - Security Ambassador - City Creek Center
Permanent · Salt Lake City
NORDSTROM INC
Asset Protection - Security Ambassador - Southcenter
Permanent · Tukwila
NORDSTROM INC
Manager Asset Protection 3 - Chandler, az
Permanent · Chandler
NORDSTROM INC
Asset Protection - Agent - Tampa Rack
Permanent · Tampa
NORDSTROM
Asset Protection - Agent - Brentwood Place Rack
Permanent · Brentwood
NORDSTROM
Asset Protection - Security Ambassador - Gateway Center Rack
Permanent · New York
NORDSTROM
Asset Protection - Agent - South Coast Plaza
Permanent · Costa Mesa
NORDSTROM INC
Asset Protection - Security Ambassador - Rack at 31st & 6th
Permanent · New York
Published
Sep 25, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VF Corp unveils new long-term strategy and refreshed corporate identity

Published
Sep 25, 2019

Following the spin-off of its denim business as Kontoor Brands earlier this year, Denver, Colorado-based apparel and footwear group VF Corporation has announced a new strategic growth plan, as well as an updated logo and corporate identity.


Vans is one of the star brands in VF's portfolio - Instagram: @vans

 
The company, owner of the Vans, The North Face, Timberland and Dickies brands, revealed four main strategic focuses in its new five-year plan. First among these is the group’s digital-led transformation into a “consumer-minded and retail-centric enterprise”
 
VF will also be seeking to drive and optimize its portfolio, distort investments to Asia, and elevate its digital channels.

The company further revealed a series of financial targets that it expects to meet by 2024 as it moves forward with its new initiatives.
 
VF predicts that its revenues will grow at a five-year compounded annual growth rate (CAGR) of between 7% and 8%, with progress being driven by the company’s largest brands, the international market and the direct-to-consumer channel.
 
Earnings per share (EPS) are expected to grow at a five-year CAGR of 12% to 14%, compared to fiscal 2019’s adjusted EPS.

Between fiscal 2020 and 2024, the company also expects to generate around $8 billion in free cash flow on a cumulative basis and return $10 billion to shareholders via dividends and share repurchases.
 
“The past two-and-a-half years represent one of the most transformative periods in VF’s 120-year history,” explained VF Chairman, President and CEO Steve Rendle in a release. “We’ve emerged with a sharpened focus on what’s required to become even more consumer minded and retail centric. With greater clarity to the opportunities ahead, we’re confidently updating our five-year strategic growth plan and financial outlook.”
 
To reflect the latest evolution in its strategy, VF also revealed a slick new corporate logo on Wednesday, accompanied by an overhaul of its branding, the company’s first change of this kind in 21 years.
 
As part of this rebranding, the group has adopted a new tagline – “Purpose led and Performance driven” – which Rendle believes, “clearly communicates the type of company we are and will continue to be.”
 
In August, VF upped its full-year guidance after its first-quarter revenues jumped 6% to $2.3 billion, with particular growth seen in China and the company’s digital channels. Nonetheless, the group’s quarterly net income fell to $49.2 million, down from $160.4 million in the prior-year period.

Copyright © 2021 FashionNetwork.com All rights reserved.