By the spring as the first cold climate impact, VF Group brands 2013 a quarter of the total sales grew 10 percent, the growth rate is still lower than a year earlier. Which outdoor sports brand sales totaled 1.4 billion dollars, but its net profit declined.
VF Group 2013 a quarter of total sales 2.6 billion U.S. dollars, an increase of 2%, net income 273 million (last year 219 million). Its outdoor sports brand in the direct sales business (direct-to-customer) won two digit strong growth, but their dealers who are immersed in clean winter inventory. Entire VF's outdoor sports brand's first-quarter operating profit remained strong, reaching 227 million U.S. dollars, an increase of 12%.
The North Face brand in 2013 a quarter of sales growth of 6%, significantly lower than last year's 13%. Vans brand grew 25%, Timberland also received a 2% growth.
VF Group 2013 intended target: to achieve sales revenue 11.5 billion U.S. dollars, up 6% annual growth rate.
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