VFC: Affordability Remains King

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About: V.F. Corporation (VFC), Includes: RL
by: Ishwarya Prasanna
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Ishwarya Prasanna
Online retail, long only, momentum, growth at reasonable price
Summary

Vans is a shoe option that is affordable, durable, and has brand value.

The North Face sales could suffer, but it possesses a loyal customer base.

VFC has strong margins and enough assets to survive this crisis.

Investment Thesis

VF Corp (NYSE: VFC) is a well diversified business that spans many different price ranges and age groups. Vans is a notable shoe option that already possesses brand notoriety and has an