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Tornado hits VF Corp godown, to affect Q2 results
02
May '11
Tornadoes and violent storms which hit seven US states, has damaged a distribution centre of VF Corporation, owner of brands like Lee and Wrangler.

The distribution centre located in Hackleburg, Alabama is the smallest of all owned by VF and services retail stores in the US.

Loss of stocks would have an impact on VF business results in the current quarter, but not affect full year results, said, VF Chief Executive - Eric Wiseman.

VF Corp which announced first quarter results on Friday, reported better than expected results.

Fibre2fashion News Desk - India


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