Feb 15- VF Corp reported a higher-than-expected fourth-quarter profit, saying demand for its flagship clothing brands like The North Face and The Vans increased in global markets, but it gave a 2013 outlook below analysts' estimates. The Greensboro, North Carolina- based company said it expects revenue to increase about 6 percent $11.5 billion.
Feb 15- VF Corp posted a higher-than-expected quarterly profit and forecast a strong year ahead on Friday, saying demand for its flagship clothing brands like The North Face and The Vans increased in global markets. In the fourth quarter ended Dec. 29, the company earned $334 million, or $2.98 a share, compared with $258 million, or $2.28 a share, a year earlier.
Feb 15- VF Corp, owner of clothing brands like The North Face, Wrangler and Lee, posted a bigger quarterly profit on Friday, as its flagship brands grew in Asia and other markets, and the company forecast a strong year ahead. For the fourth quarter ended December 29, the company earned $334 million, or $2.98 a share, compared with $258 million or $2.28 a share last year.
In China, 26 percent admitted to showrooming, compared with 13 percent in India and 7 percent in the United States, IBM said. Retailers that do not embrace the small but growing group of showroomers risk losing those shoppers to Amazon.com Inc and other online-only competitors that often offer merchandise at lower prices.
*Warnaco shares rise nearly 39 percent. Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc, the latest move in the consolidation of the apparel manufacturing industry.
*Warnaco shares rise nearly 39 percent. Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc, the latest move in the consolidation of the apparel manufacturing industry.
*Warnaco, VF Corp, PVH Corp likely bidders- source. By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, hit by falling sales after a series of fashion missteps, said it may sell itself after attracting interest from potential buyers.
Shares of VF Corp. are higher this morning on record Q2 earnings driven by its outdoor and action sports business and strong international growth. Eric Wiseman, chairman, president & CEO of VF Corp., weighs in on the pullback in consumer sentiment. "It's much more difficult this year than it was 12 months ago," he adds.
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.