March 18, 2022
Net loss expanded to CHF 170,228,000 ($186.2 mm) in the final quarter from a loss of CHF 27,524,000 on 54% higher revenues of CHF 191,099,000 ($207.3 mm) up from CHF 124,300,000.
Net income last year was RMB 4,010,881,000 ($621.9 mm), a 136% increase from RMB 1,698,484,000 in 2020, as revenues jumped 56% to RMB 22,572,281,00 ($3,500.1 mm) from RMB 14,456,971,000.
VF Corp. has appointed Kevin Bailey global brand president of Vans, bringing him back to lead the skate shoe brand from his current role as EVP and group president for Asia Pacific and emerging brands.
The Pottstown, PA-based retailer and team dealer, which was formerly known as Schuylkill Valley Sports, has completed a new funding round that included participation from Phoenix Suns forward, Chris Paul.