Shares of VF Corp (NYSE:VFC) ended Monday session in red amid volatile trading. The shares closed down -1.13 points or -1.98% at $55.82 with 2.63 million shares getting traded. Post opening the session at $56.87, the shares hit an intraday low of $55.73 and an intraday high of $56.87 and the price vacillated in this range throughout the day. The company has a market cap of $23.18 billion and the numbers of outstanding shares have been calculated to be 414.74 million shares.
VF Corp (VFC) on August 8, 2016 announced the appointment of Jim Pisani to the position of Global Brand President, Timberland®, effective immediately. Pisani most recently served as President of VF’s Licensed Sports Group, which includes the Majestic® brand. He will report to Scott Baxter, Vice President, VF and Group President, Outdoor & Action Sports Americas.
“Jim is a tremendously talented and accomplished executive with a proven track record of delivering consistent business results and generating new growth opportunities,” said Baxter. “His passion, energy, and embodiment of the values deeply rooted in the Timberland brand and in VF make him the ideal leader to guide the brand into its next phase of global growth.”
Pisani joined VF in 2008 as President of VF Licensed Sports Group. The business unit’s Majestic® brand is the official on-field uniform provider for Major League Baseball. It also supplies apparel and fanwear through licensing agreements with U.S. and international professional sports leagues, colleges and universities, and lifestyle brands. Prior to VF, Pisani held a succession of leadership roles in branding, merchandising, sales and marketing at PepsiCo and Kraft Foods.
“I’m truly honored to be given the responsibility to lead this powerful and iconic brand with such rich history,” said Pisani. “There are so many opportunities in front of the Timberland brand and I look forward to partnering with the talented teams around the world to leverage our collective strengths and accelerate growth.”
Shares of Foot Locker, Inc. (NYSE:FL) ended Monday session in green amid volatile trading. The shares closed up +0.51 points or 0.76% at $67.58 with 2.54 million shares getting traded. Post opening the session at $67.07, the shares hit an intraday low of $67.05 and an intraday high of $67.97 and the price vacillated in this range throughout the day. The company has a market cap of $9.00 billion and the numbers of outstanding shares have been calculated to be 133.25 million shares.
On Sept. 13, 2016 Foot Locker, Inc. (FL), the New York-based specialty athletic retailer, in collaboration with PENSOLE Footwear Design Academy and ASICS America, revealed the winning sneaker design developed during the first “Fueling the Future of Footwear” Master Class. Foot Locker will sell only 300 pairs of this exclusive, limited-edition ASICS GEL-Lyte III® “PENSOLE Reflect” design starting Sept. 17 at select Foot Locker locations, including:
- New York – 112 West 34th Street
- Los Angeles – 8500 Beverly Boulevard
- London – 283 Oxford Street
- Paris – 4-6 Rue Pierre Lescot
- Milano – Corso Vittorio Emanuele II, 24/28
- Toronto – 247 Yonge Street South
- Tigard, Ore. – 9459 SW Washington Square Road
Together, the brands selected 18 students out of 1,400 applicants with skill sets across design, engineering and business to compete in six teams and create a new silhouette for the ASICS GEL-Lyte III sneaker. The three-week design course, which took place in July 2015, featured an intense competition built upon Foot Locker’s commitment to delivering the freshest, athletic-inspired footwear and PENSOLE’s “learn by doing” footwear design process. The winning team created a compelling custom design for the iconic ASICS GEL-Lyte III sneaker.
“Through our partnership with PENSOLE, we are committed to fostering innovation and creativity in the next generation of footwear designers and we are thrilled to debut our first winning ASICS design,” said Andy Gray, vice president and general manager of Foot Locker U.S. “Offering this special, limited-edition ASICS GEL-Lyte III design created by a team of fashion-forward thinkers truly demonstrates the core of everything Foot Locker stands for: delivering the freshest and most innovative products to our customers.”