March 02, 2021
Net income rocketed higher to $21,326,000 in the 14-week fourth quarter over $356,000 in last year’s 13-week period, on revenues that gained 19% to $290,582,000 from $244,094,000.
The mass retailer’s active segment performed well in a Holiday quarter that was otherwise down, and KSS called out the Champion brand for a 95% jump in sales along with solid results from the “big three” Nike, Under Armour and Adidas.
Ann Hebert, who was elevated to VP & GM of North America last April after a 25-year career there, has resigned from Nike after news broke of her son’s sneaker resale business.
The philanthropic arm of VF Corp. spent $6.24 million in the year ended Mar. 2020 through 72 partners around the world.