Noting that retail disruption had caused it to miss its last five-year plan and it expected that disruption to, if anything, accelerate going forward, VF told investors that it would achieve these new targets with continued growth at Vans and a re-acceleration of growth at The North Face and Timberland. However, it made clear that its traditional strength in U.S. wholesale would play a minor role in that growth as increased emphasis on international, especially China, and a major shift to digital channels would dominate its plans.

VF also emphasized that it will be active in the M&A market while also ... Log in to view full article.