Profile: VF Corp (VFC.N)
2 Dec 2016
V.F. Corporation (VF), incorporated in December 4, 1899, is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company has a portfolio of approximately 30 brands across a spectrum of activities and lifestyles. The Company's segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. The Company's brands primarily include The North Face, Vans, Timberland, Wrangler, Lee, Nautica, Majestic and Kipling. The Company's products are marketed to consumers shopping in specialty stores, department stores, national chains, mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. The Company's brands sell products in international markets through licensees, distributors and independently-operated partnership stores. Its products are obtained from over 28 VF-operated manufacturing facilities and approximately 1,900 contractor manufacturing facilities in over 60 countries. The Company also operates approximately 30 distribution centers and over 1,520 retail stores.
Outdoor & Action Sports Coalition
The Company's Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands. Its product offerings include apparel, footwear, equipment, backpacks, luggage and accessories. The North Face brand in its Outdoor & Action Sports Coalition provides apparel, outerwear, sportswear, and footwear for men, women and children. Its equipment line includes tents, sleeping bags, backpacks and accessories. The North Face products are offered for winter sport activities, such as high altitude mountaineering, skiing, snowboarding, and ice and rock climbing. The North Face products are marketed across the globe, primarily through outdoor and premium sporting goods stores, over 180 VF-operated stores, approximately 400 independently-operated partnership stores, and online at www.thenorthface.com. The Vans brand offers performance and casual footwear and apparel focusing younger consumers that sit at the center of action sports, art, music and street fashion. Its products are available across the globe through chain stores, concession retail stores, specialty stores, over 250 independently-operated partnership stores, approximately 450 VF-owned retail stores, and online at www.vans.com.
The Timberland brand offers outdoor, lifestyle footwear, apparel and accessories for men, women and children. It sells Timberland products across the globe through chain, department and specialty stores, independent distributors and licensees, concession retail stores, over 250 VF-operated stores and over 900 independently-operated partnership stores. It also sells products online at www.timberland.com. The Kipling brand offers handbags, luggage, backpacks, totes and accessories. Its products are sold in Europe, Asia and South America through specialty and department stores, concession retail stores, over 200 independently-operated partnership locations, as well as approximately 60 VF-operated retail stores, and online at www.kipling.com. The Napapijri brand offers casual outerwear, sportswear and accessories at a premium price. Its products are marketed to men, women and children in Europe and Asia. The products are sold in shops, concession retail stores, over 30 VF-operated stores, over 170 independently-operated partnership locations, and online at www.napapijri.com.
The Company's JanSport backpacks, duffel bags, luggage, fleece and accessories are sold in North America, South America and Asia through department, office supply and chain stores, as well as sports specialty stores and college bookstores. JanSport products are also sold online at www.jansport.com. The Reef brand products include sandals, shoes, swimwear, casual apparel and accessories for men, women and children. The Reef brand products are sold primarily in North America, Europe and South America to specialty shops, sporting goods chains, department stores and global distributors. Its products are also sold online at www.reef.com. The SmartWool brand offers outdoor consumers a premium, technical layering system of merino wool socks, apparel and accessories that are designed to work together in fit, form and function. SmartWool products are sold primarily in North America and Europe through premium outdoor and specialty retailers, global distributors, and online at www.smartwool.com. In Europe, Eastpak backpacks, travel bags and luggage are sold primarily through department and stores, and online at www.eastpak.com. The Eastpak products are also marketed throughout Asia by licensees and distributors. The lucy brand of activewear is designed for style, performance and fit that can be worn by woman. The lucy apparel is sold in the United States through over 50 VF-operated retail stores, on a wholesale basis to the United States specialty and premium sporting goods retailers, and online at www.lucy.com. The Eagle Creek adventure travel gear products include luggage, backpacks and accessories sold through luggage, outdoor and department stores primarily in North America and Europe, and online at www.eaglecreek.com.
The Company's jeanswear coalition markets denim and related casual apparel products across the globe. The Company's Wrangler brand offers denim, apparel, accessories and footwear through mass merchants and mid-tier department stores in the United States, VF-operated stores, and online at www.wrangler.com. The Wrangler westernwear is distributed primarily through western specialty stores, as well as various online retail sites. The Lee brand products are sold in the United States primarily through mid-tier department stores, and online at www.lee.com. The Rustler and Riders by Lee brands are marketed to mass merchant and regional discount stores in the United States. The Company also offers its products under Rock & Republic brand name. VF sells Wrangler and Lee products through department, specialty and concession retail stores in Europe and Asia. The Company also markets Wrangler and Lee products to mass merchant, department and specialty stores in Canada and Mexico, as well as to department and specialty stores in South America. The Company has over 75 VF-operated stores primarily located in Europe, South America and Asia.
The Company's Imagewear coalition consists of the Image business (occupational workwear apparel and uniforms) and the Licensed Sports Group (LSG) business (owned and licensed athletic apparel). The Image business provides uniforms and career occupational apparel for workers in North America and internationally, under the Red Kap brand (premium workwear), the Bulwark brand (flame resistant and protective apparel primarily for the petrochemical, utility and mining industries) and the Horace Small brand (apparel for law enforcement and public safety personnel). Its products include a range of shirts, pants, coveralls and outerwear. The Red Kap and Bulwark brands operate in the reseller distributor and workwear retail markets.
The Image business also develops and manages uniform programs through Websites for business customers and governmental organizations. In its LSG business, the Company designs and markets sports apparel and fanwear under licenses granted by sports leagues, individual athletes and related organizations, and various colleges and universities. In addition, the LSG business is a supplier of Harley-Davidson apparel to Harley-Davidson dealerships. The Majestic brand adult and youth-size authentic, replica jerseys and fanwear are sold through sporting goods and athletic specialty stores, department stores, and league stadiums. The sports apparel and fanwear marketed under other labels are distributed through department, mass merchant, sporting goods and athletic stores, and e-commerce partners. The Company delivers products to retailers within hours following sporting events, such as the Super Bowl, the World Series and conference or division playoff championships.
The Sportswear coalition consists of the Nautica and Kipling brand businesses in North America (the Kipling brand outside of North America is managed by the Outdoor & Action Sports coalition). The Nautica brand sportswear is marketed through department stores, specialty stores, VF-operated stores, and at www.nautica.com. The Nautica brand is a men's sportswear collection brand offered through department stores in the United States. The Company's Nautica product lines include men's outerwear, underwear and swimwear, and men's and women's sleepwear. The Company operates over 80 Nautica brand stores in premium and outlet centers across the United States. The Sportswear coalition also includes the Kipling business in North America whose products include handbags, luggage, backpacks, totes and accessories. The Kipling products are sold in the United States through department, specialty and luggage stores at over 30 VF-operated full-price and outlet stores, and in Canada through specialty and department stores.
Contemporary Brands Coalition
The Company's Contemporary Brands coalition is focused on premium lifestyle brands, and includes the 7 For All Mankind, Splendid and Ella Moss brands. The 7 For All Mankind brand offers premium denim and related products for women and men. The Contemporary Brands collection also includes sportswear products, such as knit and woven tops, sweaters, jackets and accessories. The 7 For All Mankind brand is marketed primarily in North America and Europe through premium department stores, specialty stores, approximately 80 VF-operated stores and over 40 independently-operated partnership stores. The 7 For All Mankind brand products are also sold online at www.7forallmankind.com. The Splendid brand offers premium tops and casual apparel for women, men and children, and the Ella Moss brand offers premium sportswear for women and girls. Splendid and the Ella Moss brands are also sold through over 30 VF-operated Splendid brand stores and over one Ella Moss brand store. Splendid and the Ella Moss brands are also available through online at www.splendid.com and www.ellamoss.com.
The Company's direct-to-consumer business includes full-price stores, outlet stores, e-commerce and concession retail stores. The Company's full-price stores display a brand's line of products with fixtures and imagery. In addition, VF operates outlet stores in both outlet malls and value-based locations. The Company's global direct-to-consumer operations include over 1,520 stores. The Company operates retail store locations for the following brands, such as Vans, Timberland, The North Face, Nautica, 7 For All Mankind, Kipling, Lee, Wrangler, lucy, Napapijri, Splendid and Ella Moss. It also operates approximately 80 VF Outlet stores in the United States that sell a selection of excess VF products, as well as other non-VF products.
105 Corporate Center Blvd
GREENSBORO NC 27408-3194
Company Web Links
- BRIEF-Steve Rendle to become CEO of VF corporation
- BRIEF-VF Corp appoints Jim Pisani as Timberland global brand president
- BRIEF-VF Corp recommends shareholders reject "mini-tender" offer by TRC Capital
- BRIEF-Delta Galil to acquire contemporary premium brands from VF Corp
- BRIEF-VF Corp, some units entered into Accession No. 1 to credit agreement