The North Face and Vans Parent Company Reports Nearly 50 Percent Revenue Decline

VF Corporation, the parent company of both The North Face and Vans, has issued its Q1 2021 report, calculated from the 13 weeks between April 1 to June 29 2020. In this timeframe, revenue dropped dramatically due to the coronavirus pandemic, reaching a nearly 50 percent decline down to $1.1 billion USD.Unsurprisingly, store closures and decreased consumer demand were the prime factors affecting loss. VF Corp reported operating loss of $247 million USD but remains confident that Q2 2021 will be m...