Many U.S. Hispanics are cutting back on discretionary spending, worried about possible harassment by immigration or law enforcement officials since the election. Athletic wear is set to take a hit, according to reports.
VF's second quarter revenue increased 2% from the prior year and total revenues and net sales for the 6 months ended in June were flat. The company updated its fiscal 2017 outlook and expects $11.65 billion in revenue.
The outdoor apparel company owned by VF Corp is expanding its presence in Mexico with a new “shop within a shop” at El Palacio de Hierro Durango and plans to open a new store in the Santa Fe shopping center.
Part of the Printemps group, the youth retailer will open a 1,700 square metre store on the famous avenue. The outlet looks to reach a more international clientele, as well as attracting more women through its doors.