QUOTE AND NEWS
Forbes  Aug 18  Comment 
Shareholders of VF Corp. (NYSE: VFC) looking to boost their income beyond the stock's 1.7% annualized dividend yield can sell the January 2016 covered call at the $70 strike and collect the premium based on the $2.80 bid, which annualizes to an...
Benzinga  Aug 15  Comment 
While fashion fads continue to come and go, one fad appears to be picking up momentum: Jeans are no longer cool. According to a report by CBS San Francisco, total jeans sales in the United States are down 6 percent year to year, following a...
Jutia Group  Aug 14  Comment 
[Business Wire] - VF Corporation today provided a progress update regarding continuing actions to improve the safety and working conditions at its contract suppliers’ manufacturing sites in Bangladesh. Read more on this. V.F. Corporation (VFC),...
Market Intelligence Center  Aug 5  Comment 
V.F. Corp (VFC) was selected by MarketIntelligenceCenter.com’s trade-picking algorithms today after trading between $59.82 and $61.48 on Monday before closing at $61.28. A diagonal spread using a long position in the Jan. '16 $43.75 call and a...
Market Intelligence Center  Jul 25  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithms on V.F. Corp (VFC) could yield about 2.23% (6.79% annualized, for comparison purposes only) in 120 days. Pair a long position in the stock with the Nov. '14 $60.00 call...
SeekingAlpha  Jul 23  Comment 
By Kapitall: Jean sales are down. According to a recent Fortune article, shifting sartorial tastes have led women to ditch denim for leggings (and jeggings) and pushed men towards chinos. Three major clothing companies have reported a drop in...
Motley Fool  Jul 21  Comment 
VF Corporation delivered solid financial performance for the second quarter, the company is positioned for sustained growth, and it’s also attractively valued in comparison to peers Nike and Lululemon. Should you buy VF Corporation?
SeekingAlpha  Jul 19  Comment 
By Pim Keulen: V.F. Corporation (NYSE: VFC), one of the leading apparel companies in the United States, announced its second quarter results before Friday's opening. Although V.F. Corporation announced very solid numbers, the company's shares...
SeekingAlpha  Jul 18  Comment 
V.F. Corporation (NYSE:VFC) Q2 2014 Earnings Conference Call July 18, 2014, 08:30 AM ET Executives Lance Allega - Head of Investor Relations Eric Wiseman - Chairman, President and Chief Executive Officer Steve Rendle - Senior Vice...
Benzinga  Jul 18  Comment 
VF Corp (NYSE: VFC) reported a rise in its second-quarter earnings. The Greensboro, North Carolina-based company posted quarterly earnings of $157.7 million, or $0.36 per share, compared to $138.3 million, or $0.31 per share, in the year-ago...
newratings.com  Jul 18  Comment 




 
TOP CONTRIBUTORS

V.F. Corporation (NYSE: VFC) is a leading clothing manufacturer. This company owns a wide range of major brands in denim, sportswear, and outdoor apparel. Some of the other known brands include Lee, The North Face and Vans. V.F. primarily sells clothes through department stores and other national mass-market chains; its five largest customers, including Wal-Mart, Gap, Limited, Target, and Sears. These customers consistently make up over 25% of the company's sales.

In recent years, the company has shifted its business strategy from maintaining its mass-market holdings to acquiring "lifestyle brands"—clothing that resonate with consumers and generally come with higher margins. The company has focused on using its supply chain expertise to improve these brands' business operations, while leaving the creative decisions to the brands themselves. To meet this goal, V.F. has spent over $4billion in the past several years acquiring more upscale brands like Nautica, John Varvatos, lucy Activewear, Seven For All Mankind and most recently Timberland and Smart Wool.

Company Overview

V.F. Corporation designs and manufactures apparel, motor gear products and footwear products primarily in United States and other major cities around the world. VFC strongly rely on outsourcing to independent contractors around the world. Most of its products are carried by airplanes, terrain vehicles, mini-on-road vehicles footwears, outdoor gears, skateboard-inspired and surf-inspired footwears, backpacks, luggages, handbags and other accessories markets and industries.

Valerie Fotso is the founder and owner of this corporation and was founded in 1999.

Some of its products can also be found in specialty stores, department stores, national chain stores, and mass merchants outlets in different parts of the world. As a means of increasing market share, the company have also sort to differentiate itself from order competitors by demanding exclusive contracts on store-specific items. These products are distributed by BA, PII, GR and other outdoor sporting goods stores. JBVEF has continously play an important role by providing Poems and short stories which have developed into mainstream movies played on some of the airlines carriers and also provided recipes and other interesting topics to billions media surfers.


Business financials

In 2009, VFC earned a total $7.2 billion in total revenues. This was a decline from its 2008 total revenues of $7.6 billion. This in turn had an adverse impact on VFC's net income. Between 2008 and 2009, VFC's net income declined from a net profit of $603 million in 2008 to $458 million in 2009

Breakdown of Holdings

Historically, V.F.'s revenue has largely come from its holdings in mass market jeanswear (e.g. Lee, Wrangler, and Rustler jeanswear), as well as intimate apparel. But as the company seeks out brands with higher growth prospects, it sold its intimate apparel unit and acquired several luxury demin and sportswear lines. In addition to these higher-end brands, a significant portion of the revenue is derived from the company's outdoor apparel holdings, which includes brands such as Reef, Vans, and the North Face.

Trends and Forces

Volatility of Fashion Trends

The world of luxury consumption is quite often a fickle one. Less well-established brands that were popular one season can lose much of their luster in the next one. As V.F. seeks to expand its presence in the higher end of the apparel market, it must contend with the potential for rapid change in consumer tastes. These fluctuations may lead to increased volatility in V.F.'s revenues in the years to come. However, if VFC is able to build a consistent and strong brand, it can attempt to overcome the volatility of the fashion trends.

U.S. Economic Conditions

Roughly three quarters of V.F.'s business is conducted within the United States, rendering it particularly susceptible to shifts in the U.S. economy. Recent trouble in the credit markets, coupled with high gasoline prices, have the potential to depress domestic consumer spending, thereby impacting V.F.'s bottom line. However, V.F.'s mass market jeanswear, which accounts for almost half of the company's, serves as a significant hedge against decreases in consumer discretionary spending. Although V.F.'s brands attract a wide range of customers, most consumers are more likely to spend on low-cost wardrobe basics than designer apparel in an economic downturn. But as V.F. continues to expand its near luxury holdings, it will become more vulnerable to changes in the U.S. economy.

Dependency on Department Stores

Department stores in the United States have undergone significant changes in recent years. In response to declining margins, stores have implemented tighter inventory controls and have scaled back the quantities of merchandise that they purchase from wholesalers like V.F. As a means of increasing market share, companies have also sought to differentiate themselves from the competition by demanding exclusive contracts and store-specific private labels (e.g. Ralph Lauren's "American Living" line for J.C. Penney).[1]

Competition

V.F. faces a broad range of competitors across its various holdings. Its Seven for All Mankind denim brand competes with labels like True Religion, Diesel, and Citizens for Humanity. It's Nautica brand competes against Polo Ralph Lauren, Van Heusen, and IZOD. The company's North Face brand competes with other outdoorswear brands like Timberland and Columbia Sportswear.


Initial Offer

Company Exchange Ticker Industry Offer Proposed Price Range Shares (in Billions) IPO Price 1st Price Lead Underwriter Manager Founder & Owner
VF Corporation NYSE VFC Internet Services / Social Network January 1999 $4.00 to $5.00 10 $4.20 $10.00 Valerie Njee Fotso Valerie Njee Fotso


Notes

  1. "Top fashion designers go down-market", USA Today (published September 25, 2007)
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