The Company designs and markets nationally recognized branded dress shirts, sportswear and, to a lesser extent, footwear and other related products.
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The company has over stretched by purchasing in Tommy Hillfiger and losing millions by constantly prepaying for debt. Their debt load is at 2.2 billion and with interest rate risk a possibility considering the recent S&P downgrade, I would be concerned about this.
Also, continued increase in input costs are finally going to cause gross margins to be hit sometime in the 2nd half. Combined with the economic clouds buildings over Europe which they had pinned their hopes on because Tommy Hillfiger was their European platform for growth does not bode well at all.
Finally, their outperformance this year makes this a strong candidate for a sell off because of the fleeing of risk and raising capital on winners is the first on the list.
I forgot to mention, with VF Corps purchase of Timberland, they maybe losing a potential license. It's uncertain as of right now and something to look forward to in the next quarterly report.