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January 23, 2020


VF Q3 is Flat as Timby Weakness Offsets Vans, TNF Strength

Net income was $465,003,000 compared to $463,509,000 for the three months ended Dec. 31 on a 5% gain in revenue to $3,384,746,000 from $3,227,712,000 as 13% growth at the Vans brand and 8% growth in The North Face globally was pulled down by a disappointing 4% decline at Timberland that was mostly the result of softness for its core men’s classic and footwear business.

Adidas to Sign Deal with Leeds United

The value of the deal was undisclosed but said to be dependent on the team’s promotion to the Premier League.

Nike Wins Case to Subpoena Bank Info on Counterfeiters

The Eager Beavertons sued a bushel of counterfeiters and won a $1.8 billion default judgment, which they are now attempting to collect.

Etcetera: Nike, New Balance, Fanatics

 
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