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American Apparel VF Corp Revenues Increased 23% in Q2

VF Corp, a leader in US-based brand lifestyle apparel and footwear, saw sales in the second quarter, which ended October 2, 2021, up 23% year-on-year 32. It reports that it has reached $ 100 million. However, the company’s performance was impacted by the resurgence of the COVID-19 blockade in major sourcing countries, limiting manufacturing capacity in the second quarter.

VF Corp, a leader in lifestyle apparel and footwear for the brand, reported that sales in the second quarter of 2010 increased 23% year-on-year to $ 3.2 billion. However, the company’s performance was affected by the resurgence of the COVID-19 blockade in major sourcing countries, resulting in capacity constraints.

“As we cross the midpoint of the fiscal year, we continue to be encouraged by the underlying momentum of our entire portfolio. The broad nature of this strength is driving the right strategies to accelerate growth in the coming quarters. I can be sure … ” Steve Lendl, Chairman, President and CEO of VF, Said in a press release.

VF Corp, a leader in lifestyle apparel and footwear for the brand, reported that sales in the second quarter of 2010 increased 23% year-on-year to $ 3.2 billion. However, the company’s performance was affected by the resurgence of the COVID-19 blockade in major sourcing countries, resulting in capacity constraints.

The American Apparel company states that most of its supply chain is currently up and running, with suppliers complying with local public health recommendations and government regulations, causing product delays.

VF Corp, a leader in lifestyle apparel and footwear for the brand, reported that sales in the second quarter of 2010 increased 23% year-on-year to $ 3.2 billion. However, the company’s performance was affected by the resurgence of the COVID-19 blockade in major sourcing countries, resulting in capacity constraints.

During the second quarter, VF Corp stores were not closed in North America and the EMEA region. However, in the APAC region, including mainland China, 5% of stores remained closed at the beginning of the second quarter, but almost all stores reopened at the end of the quarter, the company added.

VF Corp, a leader in lifestyle apparel and footwear for the brand, reported that sales in the second quarter of 2010 increased 23% year-on-year to $ 3.2 billion. However, the company’s performance was affected by the resurgence of the COVID-19 blockade in major sourcing countries, resulting in capacity constraints.

Three-month operating profit expanded to $ 558.5 million ($ 319.9 million). Net income for the second quarter of 2009 surged to $ 464 million ($ 256.7 million).

VF Corp, a leader in lifestyle apparel and footwear for the brand, reported that sales in the second quarter of 2010 increased 23% year-on-year to $ 3.2 billion. However, the company’s performance was affected by the resurgence of the COVID-19 blockade in major sourcing countries, resulting in capacity constraints.

According to the company, revenue from the outdoor segment was up 31% to $ 1.5 billion ($ 1.1 billion), while revenue from the active segment was up 16% to $ 1.4 billion ($ 1.2 billion). The working segment for the second quarter increased 18% to $ 300 million ($ 200 million).

VF Corp, a leader in lifestyle apparel and footwear for the brand, reported that sales in the second quarter of 2010 increased 23% year-on-year to $ 3.2 billion. However, the company’s performance was affected by the resurgence of the COVID-19 blockade in major sourcing countries, resulting in capacity constraints.

In the 2010 outlook, outerwear manufacturers expect revenue to grow 30% to $ 12 billion, with a contribution of approximately $ 600 million from the Supreme brand. International revenues are expected to accelerate by 24-26 percent annually.

“While the recovery was impacted by further pandemic-related turmoil, the demand signal continues to accelerate across the business, and the ability to reassess revenue and earnings outlook for 2022 is the resilience and options of the model. It’s a clear proof of sex. “Lendl concludes.

Fiber2Fashion News Desk (JL)



American Apparel VF Corp Revenues Increased 23% in Q2

Source link American Apparel VF Corp Revenues Increased 23% in Q2

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