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V.F. Corp.'s (VFC) Timberland Expands in UK and Ireland

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Timberland, a brand of V.F. CorporationVFC , revealed plans for two new stores at the intu Shopping Centres in Bromley and Watford this fall. While the Bromley store opened to public on Nov 14, the Watford store will open doors on Nov 20.

With these two stores, the company now has 37 Timberland outlets in the U.K. and Ireland. So far in 2015, the company has expanded the global presence of its Timberland brand with seven new stores.

We note that V.F. Corp. is aggressively looking for opportunities to expand its international operations, particularly in the Asia Pacific, which is one of the fastest growing regions. In China, the company plans to increase its store count to 6,000 by 2017 from approximately 2,300 stores in 2013. We believe that the company's sustained focus on expanding its international operations will boost its top line in the long run, while reducing the risk of operating in a single market.

However, V.F. Corp.'s third-quarter 2015 top and bottom lines missed the Zacks Consensus Estimate on account of adverse currency movements and the current retail environment. Though results improved year over year on a currency-neutral basis, earnings dipped 1% on a reported basis.

Going forward, the company expects these currency headwinds to linger through the rest of 2015.

Zacks Rank

V.F. Corp. currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the same industry include Columbia Sportswear Company COLM , Hanesbrands Inc. HBI and Ralph Lauren Corporation RL . All three stocks carry a Zacks Rank #2 (Buy).

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V F CORP (VFC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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