Latest news with #VFCorporation
Forbes
3 days ago
- Business
- Forbes
Password Attack — The North Face Confirms Data Breach
The North Face confirms data breach. When it comes to outdoor apparel, fashion brands don't come much bigger than The North Face. When it comes to data-stealing attacks, hackers don't get it much easier than using credential-stuffing tactics. The North Face has now confirmed that just such an easy path has been taken by password attackers who managed to steal names, addresses, purchase histories and telephone numbers from affected customers. Here's what you need to know. The North Face is a major player in the fashion industry, boasting an annual revenue of over $3 billion. It should come as no surprise, then, that it is on the radar of cybercriminals. The American retailer, part of the VF Corporation group, which also owns brands such as Dickies, Timberland, and Vans, has confirmed that it suffered a data breach on April 23. As data breach notifications begin to arrive for affected customers, it becomes possible to reveal what has happened. Confirming that unusual activity was detected on The North Face website, VF Outdoor, LLC, said that 'an attacker had launched a small-scale credential stuffing attack' on April 23. A credential-stuffing attack is when a hacker has access to usernames and passwords from previous breaches, and there are billions of these available online, against other accounts. If your login details are shared across more than one site or service, you are at risk of such an attack. When one account is breached, all others using the same credentials can be compromised by a determined attacker. 'Hackers can get started with credential stuffing attacks by investing as little as $500 in credential stuffing software, access to email and password combo lists, and the use of both public and private proxy services for obfuscation,' Benjamin Fabre, CEO of DataDome, said. The North Face disclosure stated that it quickly disabled passwords to halt the attack, and all users will need to create a new and unique password on the website if they have not already done so. 'We strongly encourage you not to use the same password for your account at our website that you use on other websites,' The North Face said. Information that was compromised included: name, purchase history, shipping address, email address, date of birth and telephone number. However, payment information has not been compromised as a third-party provider handles all site payments. I have reached out to VF Corporation for a statement regarding the password attack impacting customers of The North Face.
Yahoo
6 days ago
- Business
- Yahoo
Jim Cramer on V.F. Corporation (VFC): 'We're Still in a Holding Pattern'
We recently published a list of . In this article, we are going to take a look at where V.F. Corporation (NYSE:VFC) stands against other stocks that Jim Cramer discusses. While discussing V.F. Corporation (NYSE:VFC), Cramer said that he needs to see some positive sales growth before he is bullish on the company again. 'The apparel and footwear retailers, they've struggled…. Why don't we start with V.F. Corp?…. For the past couple of years, I've been rooting for V.F. Corp ever since they brought in Bracken Darrell from Logitech to take over CEO. I figured he could eventually turn things around, and eventually is the operative word here, and around this time last year, V.F. Corp started to get back on track… A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. V.F. Corporation (NYSE:VFC) designs and sells branded apparel, footwear, and accessories for all ages. The company features famous brands like The North Face, Vans, and Timberland. Overall, VFC ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of VFC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Why VF Corporation (VFC) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where VF Corporation (NYSE:VFC) stands against other best-performing stocks. VF Corporation saw its share prices increase by 12.92 percent on Tuesday to close at $13.55 apiece, with the rally helped buoyed by its executives' significant stake increases in the company. Chief Executive Officer Bracken Darrell, for his part, acquired more than $1 million worth of shares, covering 85,840 shares at a price of $11.73 apiece. Meanwhile, Chief Operating Officer Abhishek Dalmia, alongside another director, collectively purchased 100,000 shares in the company. A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. In the fourth quarter of fiscal year 2025, VF Corporation (NYSE:VFC) narrowed its net loss by 64 percent to $151 million from $418 million registered in the same period last year. Revenues, however, dipped by 4.6 percent to $2.143 billion from $2.247 billion year-on-year. The company also declared a cash dividend of $0.09 per share, payable on June 18 to shareholders as of June 10. Overall, VFC ranks 9th on our list of best-performing stocks. While we acknowledge the potential of VFC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Why VF Corporation (VFC) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where VF Corporation (NYSE:VFC) stands against other best-performing stocks. VF Corporation saw its share prices increase by 12.92 percent on Tuesday to close at $13.55 apiece, with the rally helped buoyed by its executives' significant stake increases in the company. Chief Executive Officer Bracken Darrell, for his part, acquired more than $1 million worth of shares, covering 85,840 shares at a price of $11.73 apiece. Meanwhile, Chief Operating Officer Abhishek Dalmia, alongside another director, collectively purchased 100,000 shares in the company. A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. In the fourth quarter of fiscal year 2025, VF Corporation (NYSE:VFC) narrowed its net loss by 64 percent to $151 million from $418 million registered in the same period last year. Revenues, however, dipped by 4.6 percent to $2.143 billion from $2.247 billion year-on-year. The company also declared a cash dividend of $0.09 per share, payable on June 18 to shareholders as of June 10. Overall, VFC ranks 9th on our list of best-performing stocks. While we acknowledge the potential of VFC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fibre2Fashion
22-05-2025
- Business
- Fibre2Fashion
US' VF Corp FY25 margins surge as transformation strategy delivers
American apparel and footwear company VF Corporation has reported a revenue of $9.5 billion in the 12 months period ended March 2025, down 4 per cent year-over-year (YoY), and adjusted operating income stood at $556 million, a significant turnaround from previous fiscal GAAP operating loss of $144 million. The company reduced its net debt by $1.8 billion YoY, ending FY25 with a leverage ratio of 4.1x, down by a full turn compared to the previous fiscal. VF Corporation has reported revenue of $9.5 billion in FY25, down 4 per cent YoY, with adjusted operating income of $556 million, marking a strong recovery from a prior loss. Net debt was cut by $1.8 billion, reducing leverage to 4.1x. The North Face and Timberland grew, while Vans and Dickies declined. VF expects Q1 FY26 revenue to dip 3-5 per cent. Brand-wise, The North Face revenue rose 1 per cent, including 4 per cent in Asia Pacific (APAC) region. Timberland revenue increased 3 per cent, Vans and Dickies declined 16 per cent and 12 per cent, respectively. Region-wise, APAC grew 1 per cent, while Americas and Europe and Middle East (EMEA) fell 7 per cent and 3 per cent. Wholesale and direct-to-consumer (DTC) channels declined by 2 per cent and 6 per cent, respectively, VF Corporation said in a press release. In the fourth quarter (Q4) FY25, revenue was down 5 per cent YoY to $2.14 billion (down 3 per cent in constant currency), in line with guidance. The adjusted operating income reached $22 million, exceeding expectations, while the company posted a net loss of $151 million. The gross margin improved to 53.5 per cent up 550 basis points (bps), and adjusted gross margin was 53.4 per cent, up 560 bps. In Q4, The North Face and Timberland brands delivered growth, while Vans and Dickies saw declines. 'In FY25, we achieved our goals to lower our cost base and strengthen our balance sheet. We delivered on our initial target of $300 million gross cost savings and are on track towards our medium-term targets of $500 to $600 million net operating income expansion. We paid down $1.8 billion in debt during the year, reducing leverage by a full turn versus last year and advancing towards our medium-term target of 2.5x,' said Bracken Darrell, president and chief executive officer (CEO) at VF Corporation. 'We are well-positioned to navigate increased volatility in the macro environment, and I am confident that the actions we are taking will enable our brands to return to growth and VF to deliver strong, sustainable value creation.' 'Revenue for the quarter was in-line with our guidance and excluding Vans, was up versus last year, led by growth at The North Face and Timberland. Adjusting for the revenue impact to Vans from deliberate strategic actions to establish a strong foundation for future growth and improved profitability, the decline in the brand's Q4'25 revenue was consistent with the Q3'25 trend. The transformation of VF is well underway,' added Darrell. For Q1 FY26, VF projects revenue to decline 3-5 per cent at constant currency, and an adjusted operating loss between $110 million and $125 million. The company aims to reach 2.5x leverage by fiscal 2028 (FY28), with continued cost reductions under its 'Reinvent' transformation strategy. Fibre2Fashion News Desk (SG)
