<SEC-DOCUMENT>0001157523-17-000911.txt : 20170330
<SEC-HEADER>0001157523-17-000911.hdr.sgml : 20170330
<ACCEPTANCE-DATETIME>20170330065524
ACCESSION NUMBER:		0001157523-17-000911
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170329
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170330
DATE AS OF CHANGE:		20170330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			V F CORP
		CENTRAL INDEX KEY:			0000103379
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				231180120
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05256
		FILM NUMBER:		17723731

	BUSINESS ADDRESS:	
		STREET 1:		105 CORPORATE CENTER BOULEVARD
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27408
		BUSINESS PHONE:		(336)424-6000

	MAIL ADDRESS:	
		STREET 1:		P. O. BOX 21488
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VF CORPORATION
		DATE OF NAME CHANGE:	19900621

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VANITY FAIR MILLS INC
		DATE OF NAME CHANGE:	19690520
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51533366.htm
<DESCRIPTION>V.F. CORPORATION 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-family: Times New Roman; font-size: 18pt"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Washington,
      D.C. 20549</b></font><br><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font><br><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>
      Pursuant to Section 13 or 15(d)</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>of
      the Securities Exchange Act of 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of earliest event reported): </font><font style="font-family: Times New Roman; font-size: 10pt"><b>March
      29, 2017</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 24pt"><b>V. F. Corporation </b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Pennsylvania</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 34%; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>001-05256</b>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>23-1180120</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="width: 25%">
          &#160;
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>105 Corporate Center Boulevard</b>
          </p>
        </td>
        <td style="width: 25%">

        </td>
      </tr>
      <tr>
        <td style="width: 25%">

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Greensboro, North Carolina 27408</b>
          </p>
        </td>
        <td style="width: 25%">

        </td>
      </tr>
      <tr>
        <td style="width: 25%">

        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices) (zip code)
          </p>
        </td>
        <td style="width: 25%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>(336) 424-6000 </b><br><font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code</font><br><br><br>
    </p>
    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 5.03.&#160;&#160;Amendments to Articles of Incorporation or Bylaws; Change
      in Fiscal Year. </b>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      On March 29, 2017, the Board of Directors of V. F. Corporation (&#8220;VF&#8221;)
      approved a change in VF&#8217;s fiscal year from the Saturday closest to
      December 31 of each year to the Saturday closest to March 31 of each
      year, effective for the fiscal year beginning April 1, 2018 and ending
      March 30, 2019. VF expects to file a transition report on Form 10-QT for
      the transition period from December 31, 2017 to March 31, 2018.
    </p>
    <p style="white-space: nowrap">
      <b>Item 7.01.&#160;&#160;&#160;Regulation FD Disclosure. </b>
    </p>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On March 30, 2017, VF issued a press release introducing its
      2021 Plan and updating its strategy and long-term financial outlook to
      be presented at an investor day in Boston.&#160;&#160;&#160;In addition, VF announced
      that its Board of Directors had approved a new share repurchase
      authorization in the amount of $5 billion. A copy of the press release
      is furnished as Exhibit 99.1.
    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;&#160;Financial Statements and Exhibits.&#160;&#160;</b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td valign="middle" style="text-align: left; padding-left: 0.0px; width: 7%">
          &#160;
        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (d) Exhibits.
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 79%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" colspan="2" style="text-align: left; padding-left: 0.0px">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 79%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" colspan="2" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: center; padding-left: 0.0px">
          Exhibit<br>No.
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 1%; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: center; padding-left: 0.0px; width: 79%">
          Description
        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 79%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="2" style="text-align: center; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          99.1
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 1%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 79%">
          V.F. Corporation press release dated March 30, 2017.
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 45%">

        </td>
        <td valign="top" colspan="3" style="text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>V.F. CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" colspan="3" style="text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 5%; padding-bottom: 2.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 45%; padding-bottom: 2.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date: March 30, 2017
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%; padding-bottom: 2.0px">
          By:
        </td>
        <td valign="top" colspan="2" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Laura C. Meagher
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          Name:
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 40%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Laura C. Meagher
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          Title:
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 40%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Vice President, General Counsel and
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 40%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>EXHIBIT INDEX </b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: center; padding-left: 0.0px; width: 9%">
          Exhibit<br>No.
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 1%; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid; text-align: center; padding-left: 0.0px; width: 90%">
          Description
        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 9%; padding-right: 0.0px; white-space: nowrap">
          99.1
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 1%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 90%">
          V.F. Corporation press release dated March 30, 2017.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51533366ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2017 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>VF
      Corporation Introduces 2021 Strategic Growth Plan; Updates Strategy and
      Long-Term Financial Outlook</b></font>
    </p>
    <p>
      GREENSBORO, N.C.--(BUSINESS WIRE)--March 30, 2017--VF Corporation (NYSE:
      VFC) is today hosting a meeting with investors and analysts in Boston,
      Mass., to introduce the company&#8217;s 2021 strategic growth plan and key
      initiatives designed to deliver superior returns to shareholders.
    </p>
    <p>
      &#8220;Our 2021 strategic growth plan fuels our aspiration to consistently
      grow by creating amazing products and brand experiences that transform
      and improve the lives of consumers worldwide,&#8221; said Steve Rendle,
      President and Chief Executive Officer. &#8220;VF has some of the most beloved
      and iconic brands in the world and a talented organization that has the
      passion and commitment to thrive in a rapidly changing marketplace.&#8221;
    </p>
    <p>
      Rendle continued, &#8220;The strength and consistency of our largest brands
      and business platforms give me great confidence in our ability to
      achieve our targets. We remain sharply focused on our diversified value
      creation model, which is designed to deliver solid results across the
      many and varied business cycles and economies around the world.&#8221;
    </p>
    <p>
      <i><b>2021 Strategic Growth Plan</b></i>
    </p>
    <p>
      The 2021 strategic growth plan addresses the quickly changing market
      landscape with a measurable goal of delivering top quartile total
      shareholder returns. The five-year plan focuses on four strategic
      choices that serve as the foundational elements of the new strategy.
      These choices include: 1) reshaping the company&#8217;s brand portfolio and
      enabling VF&#8217;s powerful brands; 2) transforming to a consumer and
      retail-centric model; 3) elevating direct-to-consumer while prioritizing
      digital; and, 4) distorting investment toward Asia, with a heightened
      focus on China. These choices will be enabled by amplified investments
      and focus on six critical capabilities, including: design and
      innovation, demand creation and brand experience, insights and
      analytics, retail excellence, demand and supply chain agility, and
      talent.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>2021 Financial Targets</b></i>
    </p>
    <p>
      <i>All forward-looking numbers and growth rates below exclude VF&#8217;s
      Licensed Sports Group given the company&#8217;s publicly announced decision in
      2016 to explore strategic alternatives for that business.</i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Revenue</b> through 2021 is expected to grow at a five-year
        compounded annual growth rate (CAGR) between 4 percent and 6 percent,
        fueled by VF&#8217;s largest brands (the <i>Vans<sup>&#174;</sup></i>, <i>The
        North Face<sup>&#174;</sup></i> and <i>Timberland<sup>&#174;</sup></i>
        brands) and the company&#8217;s International and Direct-to-Consumer
        business platforms.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Gross margin</b> is expected to reach 51.5 percent in 2021.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Operating margin</b> is expected to reach 16.0 percent in 2021.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Earnings per share</b> is expected to grow at a five-year CAGR of
        between 10 percent and 12 percent.
      </li>
      <li style="margin-bottom: 10.0px">
        The company expects to generate more than <b>$9 billion of cash from
        operations</b> on a cumulative basis between 2017 and 2021 and <b>return
        $8 billion to shareholders</b> through dividends and share repurchases.
      </li>
      <li style="margin-bottom: 10.0px">
        VF expects to deliver annual <b>total shareholder return</b> <b>(TSR)</b>
        in the 13 percent to 15 percent range as the company continues to
        target top quartile TSR performance.
      </li>
    </ul>
    <p>
      <i><b>Fiscal Year End Change</b></i>
    </p>
    <p>
      The company's Board of Directors has authorized a change in VF&#8217;s fiscal
      year end from the Saturday closest to December 31 of each year to the
      Saturday closest to March 31 of each year, effective for the fiscal year
      beginning April 1, 2018. Based on the seasonality and increasing weight
      of VF&#8217;s direct-to-consumer business, the change in fiscal year gives the
      company greater visibility into projecting revenue growth and planning
      expenses which will reduce volatility of our results and improve
      investor communication. The company will report results for fiscal 2017
      in February 2018 and, for the three-month transition period of December
      31, 2017 through March 31, 2018, in April 2018. The first 12-month
      fiscal year after the change will run from April 1, 2018 through March
      30, 2019.
    </p>
    <p>
      <i><b>Share Repurchase Authorization</b></i>
    </p>
    <p>
      The company&#8217;s Board of Directors also approved a new $5 billion share
      repurchase authorization. Repurchases under this new program will be
      made in the open market or pursuant to privately negotiated transactions
      in compliance with Securities and Exchange Commission Rules, subject to
      market conditions, applicable legal requirements and other relevant
      factors. This share repurchase authorization does not obligate the
      company to acquire any particular amount of its common stock, and it may
      be suspended at any time at the company's discretion.
    </p>
    <p>
      <i><b>Webcast Replay and Information</b></i>
    </p>
    <p>
      The meeting with investors is being broadcast live via the internet,
      accessible at ir.vfc.com from approximately 9:00 a.m. to 4:15 p.m. (ET).
      For those unable to listen to the live broadcast, an archived version
      will be available at the same location. Additionally, all presentations,
      videos and the event&#8217;s transcript (once available) will be accessible at
      the same location following the event.
    </p>
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        </div>
      </div>
    </div>
    <p>
      <i><b>About VF</b></i>
    </p>
    <p>
      VF Corporation (NYSE: VFC) outfits consumers around the world with its
      diverse portfolio of iconic lifestyle brands, including <i>Vans<sup>&#174;</sup>,
      The North Face<sup>&#174;</sup></i>,&#160;<i>Timberland<sup>&#174;</sup>,
      Wrangler<sup>&#174;</sup> </i>and<i> Lee<sup>&#174;</sup></i>. Founded
      in 1899, VF is one of the world&#8217;s largest apparel, footwear and
      accessories companies with socially and environmentally responsible
      operations spanning numerous geographies, product categories and
      distribution channels. VF is committed to delivering innovative products
      to consumers and creating long-term value for its customers and
      shareholders. For more information, visit&#160;<u>www.vfc.com</u>.
    </p>
    <p>
      <i><b>Forward-looking Statements</b></i>
    </p>
    <p>
      Certain statements included in this release are &quot;forward-looking
      statements&quot; within the meaning of the federal securities laws.
      Forward-looking statements are made based on our expectations and
      beliefs concerning future events impacting VF and therefore involve a
      number of risks and uncertainties. You can identify these statements by
      the fact that they use words such as &#8220;will,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221;
      &#8220;expect,&#8221; &#8220;should,&#8221; and &#8220;may&#8221; and other words and terms of similar
      meaning or use of future dates. We caution that forward-looking
      statements are not guarantees and that actual results could differ
      materially from those expressed or implied in the forward-looking
      statements. Potential risks and uncertainties that could cause the
      actual results of operations or financial condition of VF to differ
      materially from those expressed or implied by forward-looking statements
      in this release include, but are not limited to: foreign currency
      fluctuations; the level of consumer demand for apparel, footwear and
      accessories; disruption to VF&#8217;s distribution system; VF's reliance on a
      small number of large customers; the financial strength of VF's
      customers; fluctuations in the price, availability and quality of raw
      materials and contracted products; disruption and volatility in the
      global capital and credit markets; VF's response to changing fashion
      trends; increasing pressure on margins; VF's ability to implement its
      business strategy; VF's ability to grow its international and
      direct-to-consumer businesses; VF&#8217;s and its customers&#8217; and vendors&#8217;
      ability to maintain the strength and security of information technology
      systems; stability of VF's manufacturing facilities and foreign
      suppliers; continued use by VF's suppliers of ethical business
      practices; VF&#8217;s ability to accurately forecast demand for products;
      continuity of members of VF&#8217;s management; VF's ability to protect
      trademarks and other intellectual property rights; possible goodwill and
      other asset impairment; maintenance by VF&#8217;s licensees and distributors
      of the value of VF&#8217;s brands; changes in tax liabilities; legal,
      regulatory, political and economic risks; and adverse or unexpected
      weather conditions. More information on potential factors that could
      affect VF's financial results is included from time to time in VF's
      public reports filed with the Securities and Exchange Commission,
      including VF's Annual Report on Form 10-K and Quarterly Reports on Form
      10-Q.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><u><b>VF Corporation</b></u><br>Joe Alkire, 336-424-7711<br>VP,
      Investor Relations and<br>Financial Planning &amp; Analysis<br>or<br>Craig
      Hodges, 336-424-5636<br>Senior Director, Public Relations<br>
    </p>
    <p>

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