Vans plans to increase annual revenue by $ 2 billion Vans Slip-On Model
21.09.2018 3355

Vans plans to increase annual revenue by $ 2 billion

VF Corporation, which owns the Vans brand, has announced plans to increase its annual revenue by $ 2 billion over five years, by 2023 it should be $ 5 billion, with a growth rate of 10-12% per year.

The strategic plans of the company systematically increase sales in all product categories, distribution channels and geographical segments. The annual sales growth of the brand's classics in the footwear segment should be 8-10%. Annual growth in the segment of more advanced shoe models should average 14-16%. Income from the sale of clothing and footwear by 2023 should reach at least $ 1 billion, which implies an annual increase in sales in this segment of 13-15%.

Since the acquisition of the Vans VF Corporation brand in 2004, the average annual growth rate of the brand has reached 17%, today Vans is the leading global brand of casual clothes and shoes, valued at $ 3 billion.

VF Corporation, which owns the Vans brand, announced plans to increase its annual income by $ 2 billion over five years, by 2023 it should reach $ 5 billion, with a growth rate of ...
3.3
5
1
1
Rating

Latest News

France records decline in leather exports in 2025.

In the first 10 months of 2025, from January to October, French exports of rawhide, finished leather, footwear and leather goods showed negative growth, notes the French tanners' union, Alliance France…
16.01.2026 253

Adobe research demonstrates the power of social media advertising and influencer marketing.

Attention, marketers! Brands that skimp on social media marketing risk losing sales, warn Adobe analysts. They conducted a study on the impact of social media and influencer blog advertising on retail revenue…
16.01.2026 303

Nike releases new NikeSkims sneakers

In support of the trend for hybrid athletic styles, Nike is releasing new NikeSkims sneakers. The silhouette is based on the Nike Rift, a split-toe running shoe the brand produced in the '90s.
16.01.2026 328

Bank of America analysts predict a decline in consumer interest in sneakers.

Bank of America analysts predict a decline in interest in athletic styles in fashion and a drop in demand for sneakers, which have been the most popular footwear worldwide for the past several years. These findings were published in a report…
15.01.2026 440

Luxury department store chain Saks Fifth Avenue has gone bankrupt in the US.

One of the leading players in the global luxury goods market, the American department store chain Saks Fifth Avenue, has gone bankrupt. Global Saks, which operates the oldest department store chain, Saks Fifth Avenue (42 stores), a luxury chain…
15.01.2026 499
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning