VF Corp., the global branded lifestyle apparel group, released record results for the third quarter of 2008. Third quarter revenues rose over 6%. For the first nine months of 2008, revenues were up 9% to a record $5,730.5 million from $5,264.2 million. Income from continuing operations also increased 8% to $486.9 million, compared with $449 million in the prior year period.

Total jeanswear revenues, however, declined by 2% in the current quarter, with a marginal gain in the international business offset by lower revenues in the domestic jeans business. Mass business in the US, meanwhile, continued to perform well in the current environment, with revenues flat in the quarter. Asia and Latin America’s businesses both continued to exhibit healthy growth, while business in Europe declined slightly reflecting increasingly difficult market conditions.

VF Corp.’s Outdoor coalition saw revenues up 12% in the third quarter and strong growth in both domestic and international businesses. On a global basis, revenues for The North Face, Vans, Kipling, Reef, Eastpak and Napapijri each grew at double-digit rates.

Revenues in sportswear fell 5% in the quarter. Nautica’s revenues declined in the quarter due in part to the exit of women's wholesale sportswear. Kipling US and John Varvatos, however, both achieved double-digit revenue gains.

Revenues for contemporary brands, which consists of 7 For All Mankind and Lucy, exceeded $100 million in the quarter (+12%). Full-year revenues should reach $400 million in 2008.

Overall, international revenues increased 22% in the quarter and represented 34% of total revenues. For the first nine months of 2008, international revenues increased 21%. Retail revenues increased 12% in the quarter and represented 14% of total VF revenues. Retail revenues for Vans, The North Face, Kipling, John Varvatos, Napapijri, Lucy and Lee each grew at double-digit rates. Retail revenues in the first nine months of 2008 grew by 16%. At the end of the quarter, VFC had 662 owned retail stores and plans to open approximately 90 stores this year.

“While admittedly difficult, today's environment is creating opportunities for strong companies with strong brands,” said Eric Wiseman, Chairman and CEO. “In fact, we're planning higher spending in both advertising and product development in the fourth quarter, as we believe this is the right time to invest behind our brands to support their continued long-term growth.” Accordingly, full-year revenues now could rise by 7 to 8%.