TNF and Vans continue to drive VF’s sales

In its second quarter, VF Corporation managed to increase its total sales by 4 percent to $2.2 billion, while operating profits were up by 22 percent to $206 million. The gross margin improved to 48.5 percent from 46.1 percent in the second quarter of 2012. The promising figures were again driven by the group’s Outdoor & Action Sports Coalition whose turnover jumped by 6 percent to $1.1 billion: The North Face’s sales improved by 5 percent – international business performed strongly with an increase of 20 percent, while U.S. sales dipped slightly. Vans, recently the powerhouse in the group, ramped up its global turnover by 15 percent with a stronger gain in Europe and Asia-Pacific with a plus of at least 20 percent and increases in the lower teens in the Americas. Timberland’s sales were down by 3 percent though, basically due to an on-going difficult situation in Europe.

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