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VFC - VF News Story

$73.98 -1.6  -2.1%

Last Trade - 6:10pm

Consumer Cyclicals
Large Cap
Market Cap £22.29bn
Enterprise Value £25.55bn
Revenue £8.22bn
Position in Universe 467th / 7317

'Squid Game' mania has shoppers snapping up Vans' white slip-on shoes

Fri 22nd October, 2021 3:56pm
Oct 22 (Reuters) - White slip-on shoes are becoming a hot commodity thanks to the wildly popular South Korean survival drama "Squid Game", with sneaker maker VF Corp VFC.N reporting a small increase in demand for its Vans brand. The series, which became a global sensation and the No.1 program on Netflix NFLX.O , shows hundreds of cash-strapped players competing in hyperviolent games, sporting shoes resembling Vans' all-white slip-ons. urn:newsml:reuters.com:*:nL4N2RF3TY "We saw a nice spike -- well, I'd call it a small spike, but I'll promise this is not a damned annual event," VF Chief Financial Officer Matt Puckett said on Friday, adding the apparel maker would use this moment to build on Vans' connection to pop culture. VF Corp missed Wall Street estimates for quarterly revenue and profit on Friday due to global supply chain disruptions and production shortfalls in Vietnam. urn:newsml:reuters.com:*:nL4N2RI2RZ The "Made in Korea" green tracksuits and pink boiler suits worn by characters in the show have proven a pre-Halloween bright spot https://www.reuters.com/world/asia-pacific/high-demand-squid-game-tracksuits-cheers-skoreas-struggling-garment-sector-2021-10-22 for the South Korean garment industry struggling during the health crisis. urn:newsml:reuters.com:*:nL4N2RI0Q5 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ High demand for 'Squid Game' tracksuits cheers S.Korea's struggling garment sector urn:newsml:reuters.com:*:nL4N2RI0Q5 Global 'Squid Game' mania lifts Netflix quarter urn:newsml:reuters.com:*:nL4N2RF3TY Vans sneaker maker VF sales stumble on supply hurdles urn:newsml:reuters.com:*:nL4N2RI2RZ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Deborah Sophia in Bengaluru; Editing by Lisa Shumaker) ((DeborahMary.Sophia@thomsonreuters.com;))
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