The parent to Costa Mesa-based Vans Inc. has revised its revenue target for the skate shoe company as its aggressive growth streak continues.
VF Corp., of Greensboro, N.C., said Wednesday Vans is expected to hit its original $5 billion target for its 2023 fiscal year now one year early. VF has set a new target for Vans management to reach sales topping $6 billion in fiscal 2024.
The growth is a culmination of efforts, ranging from new store formats and selling channels, popularity of Vans classic shoe styles, apparel and growth in the Asia-Pacific region among other factors.
Vans capped its fiscal year 2019, ended March 30, with a 23% jump to $3.7 billion in sales.