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Related Keywords: apparel, China, footwear, Kontoor, Reef, Timberland, Vans, VF Corporation

Apparel and footwear group VF Corporation, whose brands include The North Face, Vans, Timberland and Reef, has reported revenues of $2.3 billion for the first quarter of its current fiscal year, the three-month period ending June 30.

This is an increase of 6% compared to the same quarter last year.

The group’s outdoor segment increased its revenues by 7% to $610.6 million, which included a 9% increase for The North Face. The increase for the group’s active segment was 8% year on year, reaching $1.2 billion; within this segment, Vans increased its revenues by 20%.

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VF expects revenue for the 2019 fiscal year to rise between nine and 10 per cent, coming in between $13.45 billion (£9.91 billion) and $13.55 billion (£9.99 billion) looking ahead. It’s outdoor and action sports brands, which include Vans, The North Face and Timberland, saw sales increase 19 per cent. Vans continued to be its best performer with a 45 per cent rise in sales, while The North Face saw an 11 per cent rise.