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Asharq Al-Awsat

Lifestyle

Asharq Al-Awsat

Vans Owner Cuts Full-Year Revenue Forecast on Delivery Delays

United States Vans Vietnam VF Corp

Shoes and backpack of Vans are seen in a shop window in Sao Paulo, Brazil August 29, 2019. (Reuters)

VF Corp cut its full-year revenue forecast on Friday, hurt by delivery delays and worker shortages at Vietnam factories due to the pandemic.

Port congestion, labor shortages and higher freight charges have added to US apparel makers' woes as they struggle to ensure their stores are amply stocked.

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