The red ink got slightly deeper in VF’s fiscal first quarter ended June 30, expanding to a loss of $57,425,000 from a $55,960,000 loss prior, on 8% lower revenues of $2,086,336,000 compared to $2,261,595,000, pulled down by continued weakness at Vans. Wholesale declined 12% to $1,112.7 million, and was even worse in the Americas, dropping 18%, including a 40% plunge from Vans. Direct-to-consumer sales performed relatively well, dipping just 3% to $973.6 million.

VF’s CEO, Bracken Darrell appeared on his first earnings call less than two weeks into the new role, expressing ... Log in to view full article.