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US apparel firm eyes double-digit growth in China
By Ding Yining |
September 19, 2012, Wednesday
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Online Edition
Online Edition
VF Corporation, the US apparel maker that owns Lee, North Face and Timberland brands, said it will more than double its retail outlets in China in the next five years as it sees strong demand from domestic consumers.
VF estimates its China revenue will grow at an average rate of 21 percent a year through 2017, its senior executives said in Shanghai today.
The company said its outlets in China will increase from 2,300 now to 6,000 by 2017 as it expands to smaller cities in the country.
Aidan O'Meara, president of VF Asia Pacific, said the company will post double-digit sales growth in China in the next few years.
Last year, its sales in China was around US$900 million.
VF estimates its China revenue will grow at an average rate of 21 percent a year through 2017, its senior executives said in Shanghai today.
The company said its outlets in China will increase from 2,300 now to 6,000 by 2017 as it expands to smaller cities in the country.
Aidan O'Meara, president of VF Asia Pacific, said the company will post double-digit sales growth in China in the next few years.
Last year, its sales in China was around US$900 million.
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