Thursday, December 19

Tag: VF

VF Corp. Lays Off 500 Employees Amid Investor Pressure for Cost Cuts
1Dec By adminNo Comments
World

VF Corp. Lays Off 500 Employees Amid Investor Pressure for Cost Cuts

U.S. sportswear and footwear company VF Corp.has laid off about 500 employees globally amid flagging consumer demand and activist investor pressure to trim costs.VF, the owner of retail brands including Vans, The North Face and Timberland, said in a statement Thursday that the cuts were across all its brands, corporate functions and geographies.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks End October With Gains, Post Monthly Losses
1Nov By adminNo Comments
Money

Stocks End October With Gains, Post Monthly Losses

A busy day for corporate earnings reports ended with major stock indexes higher, though not enough to prevent them from a third-straight monthly decline. The S&P 500 climbed 0.6% on Tuesday, to end October 2.2% lower. Every industry segment in the benchmark index rose, with real-estate companies, banks and utilities leading the way. Arista Networks paced the index, gaining 14% after the networking equipment company beat quarterly sales and profit expectations.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Engaged Capital Builds Stake in North Face, Vans Owner
17Oct By adminNo Comments
World

Engaged Capital Builds Stake in North Face, Vans Owner

Engaged Capital has built a big stake in VF Corp., owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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