Balenciaga Appoints Pierpaolo Piccioli & Nike Announces US Price Hikes in This Week’s Top Fashion News
VF Corp
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In the wake of reporting a larger drop in net revenue than expected.
Revenues climbed by 2% to reach $2.83 billion USD in the three-month period, as the company continues to come back from demand headwinds.
However, the results still beat analysts’ expectations.
Profits are down across North Face, Vans, Dickies and more.
The North Face and Vans owner reported a 16% decrease in revenue.
The streetwear label fell short of VF Corp’s $600 million USD projection, reporting revenues of $523.1 million USD.
The company’s other brands, like Vans and Timberland, saw revenues decrease due to a “challenging consumer environment.”
As worn by Chief Keef at Abloh’s “Figures of Speech” exhibition.
The crypto market took a major tumble and Google partnered with SpaceX.
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