Finance Notes: VF Corp. Revenues Up By 2%, Gross Margin Hits All-Time High Of 48.1%
The revenues of VF Corp. went up by only 2% in the first quarter ended March 31, hitting $2.6M, due to delayed shipments of spring/summer merchandise and a tough comparison with the strong first quarter of '12. However, the group’s gross margin rose by 2.4 percentage points to 48.1%, setting a new all-time record for any quarter (ISPO). ... Sporting goods companies in Europe, Russia and Brazil are going to collaborate more closely with customs authorities to fight against counterfeiting (ISPO).