Vans Inc. revenue was up 4% in July quarter, according to its Greenboro, N.C.-based parent, VF Corp. That was the biggest increase in VF’s outdoor and action sports group, which posted $1.4 billion in revenue for the quarter and also includes the North Face and Timberland brands.
VF didn’t provide specific sales figures for its Cypress-based shoe and apparel division, whose full-year revenue totaled $2.2 billion last year.
Vans’ growth was “driven by a high single-digit percentage rate increase in the Americas business” and “a high single-digit percentage rate increase in Asia-Pacific,” according to VF. The skate brand posted a “high single-digit percentage rate decrease” in Europe, where it “continues to manage through elevated inventories related to its Classics collection.”
The North Face was up 2%, while Timberland was down 7%. VF, whose sales added up to $2.4 billion in the second quarter, said it expects the outdoor and action sports group’s revenue to increase at “a mid-single-digit percentage rate compared with previous expectations of a high single-digit percentage rate increase.”
VF’s market value is about $26.2 billion.
