By  on October 17, 2008

Declining sales in several key businesses during the third quarter and a worsening global economic picture prompted VF Corp. to lower guidance for the fourth quarter.

“Global market conditions have continued to deteriorate beyond what we could have anticipated, with a marked change particularly during the last several weeks,” said Eric Wiseman, chairman and chief executive officer. “While our brand portfolio is healthy, general economic conditions are not, necessitating that we take a much more conservative stance toward our fourth-quarter guidance.”

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