(VF LOGO)


FOR IMMEDIATE RELEASE                    Contact: Cindy Knoebel
                                                  VP, Financial & Corporate
                                                  Communications
                                                  VF Services, Inc.
                                                  (336) 424-6189/(212) 696-1110


                  VF ADJUSTS OUTLOOK FOR SECOND QUARTER RESULTS

GREENSBORO, NORTH CAROLINA - JUNE 13, 2003 - Citing difficult retail conditions,
VF CORPORATION (NYSE: VFC), the world's largest apparel company, today revised
its expectations for earnings and sales for the quarter ending July 5, 2003.
Previously, the Company had indicated that earnings per share were expected to
be flat to down 5% from the prior year's second quarter, excluding the effect of
restructuring actions taken in the 2002 period. The Company now believes that
second quarter earnings per share could decline by approximately 20 to 25%.
Sales could be down 5 to 7%, instead of flat. In the second quarter of 2002, the
Company reported income from continuing operations of $.79 per share, which
included a $.03 per share benefit from restructuring actions, and sales of
$1,160.3 million.

VF Chairman and Chief Executive Officer Mackey J. McDonald indicated that slow
retail traffic due to weak economic conditions and aggressive moves by its
retail customers to control inventories have impacted sales across most of VF's
businesses. "Our second quarter basically reflects external factors that are
affecting most retailers and suppliers across most product categories and
channels of distribution," he said. "Fortunately, our brands remain very
healthy, and they are continuing to outperform our competitors at retail.
Inventory control remains a priority for us, and we have taken the appropriate
actions to keep our inventories in line."

The Company also noted that it was still pursuing options for its Playwear
business and could have a decision by the end of the second quarter. The
guidance above relating to second quarter earnings excludes any impact that may
result from a possible sale or disposition of this business.

At the present time the Company is not revising its expectations for sales and
earnings in the second half of 2003. Management will provide an update to its
outlook for the full year when it releases second quarter results next month.

Management will be available to take questions from investors regarding this
release in an open call today at 9:00 a.m. EDT. Interested parties should call
888-806-9467, domestic, or 703-871-3627, international. You may also access this
call via the Internet at www.vfc.com.

A replay of today's call will be available for one week and can be accessed by
dialing 888-266-2086, domestic, and 703-925-2435, international. The pass code
is 175602. You may also access a replay at the Company's web site at
www.vfc.com.



                                                                     Page 2 of 2
                                                                   June 13, 2003

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

Certain statements included in this release are "forward-looking statements"
within the meaning of the federal securities laws. Management cautions that
forward-looking statements are not guarantees and that actual results could
differ materially from those expressed or implied in the forward-looking
statements. Important risk factors that could cause the actual results of
operations or financial condition of the Company to differ include, but are not
necessarily limited to, the overall level of consumer spending for apparel;
changes in trends in the segments of the market in which the Company competes;
competitive conditions in and financial strength of our suppliers and of our
retail customers; actions of competitors, customers, suppliers and service
providers that may impact the Company's business; the ability to achieve
anticipated cost savings from the recent restructuring initiatives; additional
terrorist actions; and the impact of economic and political factors in the
markets where the Company competes, such as recession or changes in interest
rates, currency exchange rates, price levels, capital market valuations and
other external economic and political factors over which the Company has no
control. Investors are also directed to consider the risks and uncertainties
discussed in documents filed by the Company with the Securities and Exchange
Commission.

ABOUT THE COMPANY

VF Corporation is the world's largest apparel company and a leader in jeanswear,
intimate apparel, playwear, workwear and daypacks. Its principal brands include
Lee(R), Wrangler(R), Riders(R), Rustler(R), Vanity Fair(R), Vassarette(R),
Bestform(R), Lily of France(R), Lee Sport(R), Healthtex(R), JanSport(R),
Eastpak(R), Red Kap(R) and The North Face(R).

VF Corporation's press releases, annual report and other information can be
accessed through the company's home page, http://www.vfc.com.