|Bid||91.50 x 1800|
|Ask||99.12 x 800|
|Day's Range||91.01 - 92.00|
|52 Week Range||61.56 - 97.00|
|PE Ratio (TTM)||34.70|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||1.84 (1.94%)|
|1y Target Est||100.70|
A look at VF Corp. through the years, from its roots in Pennsylvania to its arrival in Greensboro and now the departure and spinoff of jeanswear.
About 400 employees are expected to be added to the FedEx Express Mid-Atlantic Hub at the Piedmont Triad International Airport over the next several months.
The future of a 14-acre waterfront office campus is unclear now that owner VF Corp. plans to move workers to Denver.
Will spinning off as its own company enable jeanswear company to be more strategic against the headwinds facing the denim sector?
Macy's M shares tumbled Wednesday morning despite the department store operator reporting quarterly earnings and sales that topped analysts' expectations and hiking its forecast for the full year. As a result, the department store operator raised its outlook for earnings and same-store sales for the full year, saying that strong consumer confidence in the U.S. should fuel purchases in stores and online as Macy's continues to invest back in the business. The plans helped drive momentum during the quarter, Macy's said Wednesday.
VF Corp. CEO Steve Rendle cites environment, talent and transportation as factors leading company to Denver. As for local real estate decisions ahead, including rumors of NewCo occupying Revolution Mill, it's too early to say.
V.F. Corp's (VFC) spinoff of its jeans division is likely to help the company in focusing more on its outdoor and activewear businesses, thus boosting revenues and profitability.
VF Corp.’s decision to separate its jeans business from the activewear labels has put a spotlight on the company’s stock price, analysts say.
CEO Elon Musk is making good on his promise to pummel short-sellers. Musk's slow drip of news on his take private deal via Twitter is serving to keep Tesla's stock pumped up. Musk's tweet in the middle of the night that he was working with Goldman Sachs and Silver Lake on the transaction puts more faces with the process.
The departure of VF Corp.'s headquarters to Denver is tempered by retaining 'NewCo' and the bulk of jobs, but the decision is still a blow to the region's pride.
VF Corp., owner of Lee and Wrangler jeans, plans to spin off its denim business in a bid to sharpen its focus on faster-growing outerwear and activewear brands. VF said Monday it wants to create the yet-unnamed company through a tax-free spinoff to its shareholders. The newly formed company will hold VF’s jeans business, which includes Wrangler, Lee, Rustler and Rock & Republic, and its 80 VF outlets.
The company is spinning off its 129-year-old denim brand along with Lee and keeping Timberland. It will be quick to move on from its favorite pair of low rise Lee's, VF Corp. CEO Steven Rendle said in an interview with TheStreet's executive editor Brian Sozzi. "Going forward, acquisitions will be more our focus than divestitures." Credit Suisse's Michael Binetti notes that VF Corp. manufactured about 25% of its denim products as wholly-owned facilities.
is going all in on the active lifestyle. The shepherd of top brands such as The North Face, Timberland and Vans said Monday it would split the company into two publicly traded companies. One business will house the aforementioned active brands and the other will encompass denim brands Lee, Wrangler and the outlet business.
Even if you think you told Google not to track you, it may be doing so. An Associated Press investigation finds that many Google services on iPhones and Android devices store location data, even if you used privacy settings that are supposed to keep it from tracking your movements. Google's support page says if you turn off Location History, "the places you go are no longer stored." But in fact, even with Location History paused, some Google apps automatically store time-stamped location data.
In response to the ongoing transition in the clothing industry, apparel conglomerate VF Corp. (VFC) announced today that it is planning on spinning off its denim division, the Wrangler and Lee labels, into its own public company.
Stocks that moved substantially or traded heavily Monday: VF Corp., down $3.47 to $92.82 The clothing company said it will make its denim business a separate company and focus on activewear and outdoor ...
Uvalde city leaders are scrambling to save 156 jobs after workwear maker Dickies announced plans to close its textiles plant and move production to Mexico and Honduras.
For more than 100 years, Lee Jeans has been sewing its roots in the Kansas City area, but now the iconic denim brand will trade its Merriam headquarters for one in Greensboro, N.C.
Moody's Investors Service, ("Moody's") affirmed V.F. Corporation's ("VF" or "Company") debt ratings, including its A3 senior unsecured debt rating and the P-2 short-term commercial paper rating. The rating actions follow VF's announced plan to separate into two independent, publicly traded companies by spinning off its Jeanswear and VF Outlet businesses ("SpinCo").
Denims were responsible for more than half of VF's overall profit in 2000, but have since been outpaced by skateboarder favourite Vans, which has driven much of VF's recent growth. The spin-off, expected to be completed in the first half of 2019, will also give VF more flexibility to pursue acquisitions and explore new business areas.
Tuesday, August 14: Turkey says it will boycott American tech products; Coca-Cola buys a minority stake in BodyArmor energy drink to compete with Gatorade; VF Corp is spinning off its jeans brands Wrangler and Lee. Yahoo Finance’s Dan Roberts serves the news.