Denver-based apparel giant VF Corp (NYSE: VFC) recently confirmed its decision to lay off approximately 500 employees worldwide as part of its new strategic initiative, “Project Reinvent.” This move aims to enhance brand-building efforts and improve operational performance, including eliminating 30 positions in Denver, where the company relocated its headquarters in 2019. VF Corp, one of the world’s leading apparel, footwear, and accessories companies, boasts a portfolio of renowned brands like Vans, The North Face, Timberland, and Dickies. However, the company faced challenges in its recent second-quarter fiscal 2024 results, reporting a 2% decline in revenue and a $1.16 per share loss. The company’s earnings report outlined the “Project Reinvent”… Read More
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