10 Firms Suffer Amid Optimistic Market Environment

8. VF Corporation (NYSE:VFC)

VF Corporation declined for a second day on Friday, losing 2.88 percent to end at $11.11 apiece as investors continued to sell off positions in the company to minimize risks from the heightening US-China trade war.

VFC designs, manufactures, and markets branded apparel such as The North Face, Timberland, Vans, Dickies, Jansport, and Kipling and has one of the largest international exposures with various facilities across the world, including China.

With the ongoing trade war, VFC faces the risks of higher prices and, potentially, lower demand for its products after the US and China slapped more-than-double tax rates on each other’s goods.

In recent news, VFC said that it would continue to install new concept stores for its Kipling brand this year, which has been adapted for travel-retail gondolas.

“With Kipling, we are continuously expanding our international presence, with a steadily growing business in the Americas,” said VFC Director Thomas Falcy.

“Our presence in South American airports has been expanding significantly, and we will continue to fuel and strengthen this growth. We are also looking to enhance our presence in North American airports, as we see a major development opportunity there, driven by Kipling’s domestic success and international appeal,” he added.