{"id":31472,"date":"2014-09-18T10:12:23","date_gmt":"2014-09-18T14:12:23","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=31472"},"modified":"2014-09-18T10:12:23","modified_gmt":"2014-09-18T14:12:23","slug":"vf-corp-nysevfcs-timberland-to-surge-1-4-billion-in-revenues-in-five-years-time","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/vf-corp-nysevfcs-timberland-to-surge-1-4-billion-in-revenues-in-five-years-time-31472","title":{"rendered":"VF Corp (NYSE:VFC)\u2019S Timberland To Surge $1.4 Billion In Revenues In Five Years\u2019 Time"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/18\/2014 (wallstreetpr) \u2013 <strong>VF Corp (NYSE:VFC)<\/strong>\u2019s wholly owned subsidiary, Timberland\u00ae announced its plans to increase revenues by as much as $1.4 billion within a five year time span.<\/p>\n<p style=\"text-align: justify;\"><strong>Increased Revenues <\/strong><\/p>\n<p style=\"text-align: justify;\">The world leading outdoor lifestyle apparel and footwear company made the announcement for growth at an investors\u2019 conference. The meeting was held at Stratham, N.H., Timberland\u2019s headquarters. As Business Wire article points out, the company\u2019s management expects its total revenues to surge to approximately $3.1 billion by 2019. This calculates up to an annual growth of almost 13%, according to a Business Wire <a href=\"http:\/\/finance.yahoo.com\/news\/timberland-targets-3-1-billion-150000253.html\" target=\"_blank\">article<\/a>.<\/p>\n<p style=\"text-align: justify;\">The VF Corp (NYSE:VFC) expects to increase revenues in geographical regions including Asia Pacific ($620 million), Europe, Middle East and Africa ($1 billion), and the Americas ($0.7 billion) in five years. It expects wholesale revenues to surge to almost $2 billion and direct-to-consumer revenues to surge to approximately $1.1 billion. It expects to achieve 13% and 15% annual growth rate in each of the respective channels. The company anticipates a balanced growth. Timberland\u2019s maximum percentage growth is expected to be in its e-commerce channel, which will add $180 million in revenues in the five-year period.<\/p>\n<p style=\"text-align: justify;\"><strong>Executives\u2019 Comments<\/strong><\/p>\n<p style=\"text-align: justify;\">In this context, VF Corp (NYSE:VFC)\u2019s President, Chairman and Chief Executive Officer, Eric Wiseman, said that the present year will be the most successful year for Timberland. It demonstrates the effectiveness of VF\u2019s business model, which establishes a strong connection between brands and customers. The company\u2019s strategy brings growth and profits to its businesses, he underlined. He further emphasized that post the company\u2019s acquisition of Timberland in 2011, its subsidiary has shown promising growth prospects.<\/p>\n<p style=\"text-align: justify;\">Timberland President, Patrik Frisk also acknowledged the strength that the collaboration has proposed in the company\u2019s growth. He said that VF Corp (NYSE:VFC)\u2019s powerful resources have helped Timberland to invigorate the brand as a whole. He further appreciated VF\u2019s business model saying that the customer-oriented strategy has made Timberland the biggest and most sustainable outdoor lifestyle brand of the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/18\/2014 (wallstreetpr) \u2013 VF Corp (NYSE:VFC)\u2019s wholly owned subsidiary, Timberland\u00ae announced its plans to increase revenues by as much as $1.4 billion within [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":31473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[8762,4602,8764,7230,4601],"stock_ticker":[],"class_list":["post-31472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-eric-wiseman","tag-nysevfc","tag-patrik-frisk","tag-vf-corp","tag-vf-corp-nysevfc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VF Corp (NYSE:VFC)\u2019S Timberland To Surge $1.4 Billion In Revenues In Five Years\u2019 Time  - Wall Street PR<\/title>\n<meta name=\"robots\" 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