May 21, 2025 VF Corp. Sales Drop on Vans Reset
VFC’s net loss narrowed in the final fiscal quarter to $150,788,000 from a loss of $418,308,000 last year, as weakness at Vans and Dickies pulled the top line down 5% to $2,143,771,000 from $2,247,298,000. JD Sports North American Comps Fall after Strong 2024
The U.K.-based retailer’s sales expanded 27% in North America to £4,242 million ($5,370 mm) last year from £3,352 million, with gains from both its core JD Sports banner, which also includes the remaining Finish Line stores and Macy’s shop-in-shops, as well as from its community stores that include Shoe Palace, DTLR and Hibbett. Canada Goose Boosted by Strong DTC Growth
Net income jumped 264% to C$27.7 million ($19.4 mm) in fiscal Q4 ended Mar. 31 from C$7.6 million, on revenue that was up 7% (+4% CC) to $384.6 million ($269.2 mm) from $358.0 million. Topsports Western Brand Stores Struggle in PRC Retail
Net income attributable to shareholders was down 42% to RMB 1,286.0 million ($180.0 mm) from RMB 2,213.0 million for the fiscal year ended Feb. 28, as revenues at China’s biggest sportswear retailer dipped 7% to RMB 27,012.9 million ($3,781.8 mm) from RMB 28,933.2 million. Coats Group Sees Apparel and Footwear Momentum Continue
The industrial yarn and footwear component supplier said that sales ticked up 2% (+4% CC) for the three months ended Apr. 30, with apparel improving 3% and footwear up 4%, partially offset by weakness in performance materials, which was down 3%. Unifi Sells Facility, Pays Down Debt
The recycled and synthetic yarn maker closed on the sale of its Madison, NC manufacturing facility to a third-party buyer, in a transaction valued at $45 million.
TJX’s outdoor banner ended the first quarter ended May 3 with 123 stores, up six from the end of the year, including its first location in CA.
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