VF Corporation, a global leader in branded lifestyle apparel, is raising a 5 year growth plan and announces its guidelines for 2008. The lifestyle apparel is raising its long-term revenue, operating margin and earnings per share growth targets. The new targets reflect the company’s confidence in its vision and strategies, which have been designed to drive superior returns to shareholders. The Company is also establishing its guidance for 2008 revenues and earnings, looking out for a record year in both.

Details of the VF’s growth plan targets were being presented to investors through a meeting and web cast. Eric C. Wiseman, President and Chief Executive Officer said: “We are committed to delivering growth and focused on driving total shareholder return, with confidence that we have the brands, strategies and talent to achieve both on a sustainable, long-term basis.”

Highlights of the VF’s plan include $11 billion in revenues. The corporation is looking to raise their long-term revenue growth target from 6-8% to 8-10% annually to establish £4,87 billion in revenues by 2012. Through organic growth, international expansion and? continued growth in our direct-to-consumer business, VF expects to live up to its prognoses.

Overall, VF believes 2008 should be a strong year of growth in revenues and earnings, right in line with their new guidelines. “We are anticipating revenue growth of 9% and earnings per share growth of 10%, excluding the impact of any new acquisitions. This will represent our sixth consecutive year of record revenues and profits,” adds Wiseman. Considering unexpected number of risks and uncertainties, the forward-looking statements are not guarantees that actual results could differ from the ones implied in the forward-looking statements.

VF Corporation is a global leader in lifestyle apparel with a portfolio of VF jeanswear, outdoor, imagewear, sportswear and contemporary apparel brands i.e. Lee, The North Face, Eastpak, 7 For All Mankind.

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