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V.F. Corp Set to Offload Dickies as Part of Turnaround Strategy
ZACKS· 2025-09-16 18:16
Core Insights - V.F. Corporation (VFC) is selling its Dickies brand to Bluestar Alliance for $600 million, marking a significant step in its turnaround strategy amid a challenging retail environment [1][10] - The sale is part of VFC's strategy to streamline its portfolio, focusing on stronger lifestyle and performance brands, as Dickies has faced declining sales since its acquisition in 2017 for approximately $820 million [2][10] - The transaction is expected to close by the end of 2025, pending approvals, and reflects VFC's commitment to financial discipline and strategic focus [5] Business Strategy - VFC is implementing a Reinvent transformation program aimed at operational discipline, brand strength, and long-term profitable growth, which includes cost reduction and strengthening the balance sheet [6] - The company is realigning its segments to improve resource allocation, grouping brands like Timberland and The North Face under Outdoor, while placing Vans and other lifestyle brands under Active [6] Market Performance - The Outdoor segment is VFC's primary growth driver, with revenues growing 8% year over year in the first quarter, supported by trends in performance wear and outdoor lifestyles [7] - VFC's shares have increased by 24% over the past three months, contrasting with a 4.1% decline in the industry [8]
VFC INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that VF Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-09-16 16:00
NEW YORK, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against VF Corp. (“VFC” or “the Company”) (NYSE: VFC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired VFC securities between Octo ...
V.F. Corp slumps as analysts weigh in on the Dickies asset sale (VFC:NYSE)
Seeking Alpha· 2025-09-16 14:49
Core Insights - V.F. Corporation (NYSE:VFC) experienced a 5.6% decline in early trading following the announcement of the sale of the Dickies brand [4] - The company clarified that the decision to sell was not a response to any changes in its underlying business performance [4] Company Summary - The sale of the Dickies brand is a strategic move by V.F. Corporation, indicating a potential shift in brand portfolio management [4] - Analysts are assessing the implications of this sale on the company's overall market position and future growth prospects [4]
Apple initiated, Hershey upgraded: Wall Street's top analyst calls
Yahoo Finance· 2025-09-16 13:35
Upgrades - Loop Capital upgraded Union Pacific (UNP) to Hold from Sell with a price target of $227, increased from $214, noting shares are down 5% year-to-date and valuation multiples are modestly above five-year lows [2] - BofA upgraded Prologis (PLD) to Buy from Neutral with a price target of $130, up from $118, citing improved lease conversion rates in Q3 compared to Q2 and positive demand-supply dynamics expected through 2026 [3] - Goldman Sachs upgraded Hershey (HSY) to Buy from Sell with a price target of $222, raised from $170, highlighting a compelling risk/reward scenario after multiple guidance reductions [4] - Arete upgraded Baidu (BIDU) to Buy from Sell with a price target of $143, emphasizing the potential of Baidu's Kunlun chip venture to offset challenges in its online advertising business [5] - Citizens JMP upgraded CoreWeave (CRWV) to Outperform from Market Perform with a price target of $180, projecting growth of its GPU-as-a-service business to an estimated $300 billion from $3 billion to $4 billion currently [4] Downgrades - TD Cowen downgraded Warner Bros. Discovery (WBD) to Hold from Buy with an unchanged price target of $14, expressing concerns about the stock's risk/reward after a recent rally [6] - Rothschild & Co Redburn downgraded Live Nation (LYV) to Neutral from Buy with a price target of $170, up from $144, indicating slower margin expansion and reduced earnings upside potential [6] - Stifel downgraded VF Corp. (VFC) to Hold from Buy with a price target of $16, increased from $15, stating that the stock's risk-reward is now balanced after a 12.5% one-month return [6] - JPMorgan downgraded Camp4 Therapeutics (CAMP) to Neutral from Overweight without a price target, noting early-stage challenges in its lead program despite a cash runway into 2027 [6] - JPMorgan downgraded Neumora Therapeutics (NMRA) to Underweight from Neutral without a price target, citing a failed Phase 3 trial for its treatment in major depressive disorder [6]
The North Face moves 80% of production from Türkiye to cut costs
Yahoo Finance· 2025-09-16 11:39
A report from Türkiye Today claims The North Face has shifted 80% of its production as a result of escalating costs in Türkiye. These costs have reportedly doubled compared to those of competitors in the Far East. Gelisim Tekstil, previously The North Face's second-largest global producer and its largest within the EU, is allegedly preparing to see a drastic reduction in business. The company will now only get orders valued between €4m ($4.6m) and €5m from The North Face, down from approximately €30m, ac ...
VFC INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that V.F. Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Businesswire· 2025-09-16 11:10
Sep 16, 2025 7:10 AM Eastern Daylight Time If you suffered substantial losses and wish to serve as lead plaintiff of the V.F. Corporation class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-v-f-corporation-class-action-lawsuit-vfc.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449- 4900 or via e-mail at info@rgrdlaw.com. CASE ALLEGATIONS: V.F. Corporation, together with its subsidiaries, offers branded apparel, ...
Apparel giant VF to divest Dickies brand in $600m deal
Yahoo Finance· 2025-09-16 09:44
Core Viewpoint - VF Corporation has agreed to sell its Dickies brand to Bluestar Alliance for $600 million in cash, aiming to stabilize its business and reduce debt levels [1][4]. Group 1: Transaction Details - The sale of Dickies is expected to close by the end of 2025 and is anticipated to support VF's growth on a pro-forma basis [1]. - Dickies, an iconic American workwear brand founded in 1922, was previously acquired by VF in 2017 for $820 million [2]. - Bluestar Alliance has shown interest in the Dickies brand for several years and aims to leverage consumer insights and operational excellence to unlock its full value [3][4]. Group 2: Financial Performance - VF reported revenues of $1.90 billion in Q1 of fiscal 2025, down 9% from $2.08 billion in Q1 of fiscal 2024 [4]. - The North Face and Vans brands experienced revenue declines of 3% and 21% respectively compared to the same quarter of the previous year [5]. - VF's operating loss for the quarter ending July 29, 2024, was $239.89 million, a significant increase from a loss of $8.99 million in Q1 of fiscal 2024 [5].
VFC INVESTOR NOTICE: V.F. Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-09-16 01:10
Core Viewpoint - V.F. Corporation is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its revenue outlook and growth potential during the class period from October 30, 2023, to May 20, 2025 [1][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Brenton v. V.F. Corporation and was filed in the District of Colorado [1]. - The lawsuit claims that V.F. Corporation and its executives created a false impression of reliable information regarding the company's projected revenue and growth, while downplaying risks associated with seasonality and macroeconomic factors [4]. - The complaint highlights a significant decline in the growth trajectory of the Vans brand, with losses reported at 8% in the previous quarter and worsening to 20% in the fourth quarter of fiscal 2025 [5]. Group 2: Financial Impact - Following the release of disappointing financial results on May 21, 2025, V.F. Corporation's stock price fell nearly 16% [5]. - The company attributed its poor performance to "deliberately reduced revenue" aimed at eliminating unprofitable segments, indicating that even without these actions, Vans would have experienced a "high single digit" revenue decline [5]. Group 3: Legal Process - Investors who purchased V.F. Corporation securities during the class period have until November 12, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6]. Group 4: Company Overview - V.F. Corporation, along with its subsidiaries, offers a range of branded apparel, footwear, and accessories for various demographics [3].
Berger Montague PC Investigating Claims on Behalf of V.F. Corporation (NYSE: VFC) Investors After Class Action Filing
Prnewswire· 2025-09-16 00:06
Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) for allegedly misleading investors regarding its turnaround plan, particularly concerning the Vans brand [1][3]. Company Overview - VFC is a global leader in branded lifestyle apparel, footwear, and accessories, owning well-known brands such as Vans, The North Face, Timberland, and JanSport [2]. Lawsuit Details - The lawsuit pertains to investors who purchased VFC shares between October 30, 2023, and May 20, 2025, with a deadline of November 12, 2025, for potential lead plaintiff appointments [2]. - The complaint claims that VFC did not disclose necessary restructuring steps for Vans, which negatively impacted revenue and contradicted earlier public statements [3]. Financial Performance - On May 21, 2025, VFC reported a 20% decline in Vans revenue for Q4 fiscal 2025, worsening from an 8% decline in the previous quarter [4]. - The company attributed this shortfall to undisclosed internal cost-cutting and restructuring actions, indicating deeper brand issues [4]. - Following the revenue announcement, VFC's stock price dropped from $14.43 to $12.15, a decline of over 15% [4].
VFC Investors have Opportunity to Lead V.F. Corporation Securities Fraud Lawsuit
Prnewswire· 2025-09-15 22:21
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of V.F. Corporation securities, alleging that the company disseminated materially false and misleading statements regarding its turnaround plans, particularly concerning the Vans brand [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to securities purchased between October 30, 2023, and May 20, 2025, inclusive [1]. - The lawsuit claims that V.F. Corporation concealed necessary actions that would impact the revenue growth trajectory of the Vans brand, leading to investor damages when the true information was revealed [5]. Group 2: Participation Information - Investors who purchased V.F. Corporation securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].