September 25, 2019 VF Raises Growth Targets in New Five Year Plan
Halfway through its previous five year plan that began in 2017, VF Corp. said revenue is tracking ahead, driven by its major brands, DTC digital and international businesses, with total revenues from calendar year 2016 through FY19 up 10% against a 2021 target of 4%-6% growth. AOBC Shareholders Reject Executive Pay Hike
Voting at the Smith & Wesson parent’s annual meeting took a surprise turn, as shareholders rejected a “say-on-pay” advisory measure that would have approved sizable raises to CEO James Debney and other senior execs. Gap Appoints Sephora, Nike Veteran to Run Athleta
Mary Beth Laughton was named president and CEO of the fast-growing women’s athletic banner, succeeding Nancy Green, who moved to president and chief creative officer of Old Navy. The Clash Sues Wilson over Clash Racquets
Dorisimo Limited, which owns and manages the post-punk rock band’s trademark, is suing Wilson Sporting Goods in Central CA District Court for using the Clash name on a line of tennis racquets. Johnson Outdoors Ups Guidance on Tariff Exclusion
JOUT says that its fiscal 2019 bottom line will see an impact of about $3 million from Section 301 tariffs, down from the $5-7 million it was expecting. Etcetera: Under Armour, Davidson’s
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