A $323 million goodwill impairment charge for Timberland and a $60 million loss on debt extinguishment contributed to a loss of $483,776,000 in VF’s fiscal fourth quarter ended Mar. 31, from income of $128,804,000 last year, as sales slipped 11% to $2,102,421,000 from $2,357,409,000. Sales from VF’s Big 4—Vans, The North Face, Timberland and Dickies—were down 11%, and all geographies posted revenue declines as the coronavirus hit APAC retail in Feb. before spreading to the U.S. and Europe in Mar. DTC was also down 11% overall due to store closures, but digital sales continued as consumers were forced to stay ... Log in to view full article.