could ever Thanks, pace is hope safe. of retail are within times, have full is anything across families positioned great seen XX%? in change are I to the Who seismic imagined you all of VF unlike good everyone. and my a advantage The Steve, morning, opportunity, and your declined comes and I've apparel, and career. These the during landscape change footwear across and revenue and great unbelievable truly VF with take shifts rippling which retail. quarter but VF healthy well
meet of and this and we the face enterprise, expenses of our inventory have our to brands, approach to jumping these refocusing performance, into and we ability unusual put and securing actions cash invest digital crisis. furloughs, aggressively adequate to to Collectively, the to investments China. I those these in emergence the first protect and our Before continue including people quarter relative and from gave taken confidence upon where actions that will conserve efforts want our us rightsizing dividend We've in including you preserve all avoid first bold obligations, advantaged the the liquidity advantage, remind put to against buys to to channels regions position of capabilities those to and us and times. in believe an of uncertainty, details
capital prudent the our VF quarter starting year, entered go discipline And in liquidity. deeper credit the actions management and cash capital crisis billion result sheet to Fiscal VF's on our with flexibility strong sheet short-term a legacy. earlier we as of and in balance of and the a a and strength bit update balance liquidity investments, remaining areas, let's fortress under of and with a a bedrock few of So to progress of these XXX-year sheet. this balance are with entered working executed with the coupled of investments, $X.X and addition this expenses, facility. $X.X we structure revolving CapEx focus approximately billion VF's
balance ultimately may VF's ongoing optionality conservative, testament significant with navigate they're and flexibility actions recent our prove we financial While a clear strength. flexibility and we us as sheet firepower the The our continue provides agenda. of allows take while It the in disruption advantage pandemic the and the caused invest to us of it remain to to by presents. offensive and opportunities acquisition our strategic have on pursuing priorities,
our of and advantage, operational VF and of inventory flexibility, with coupled during source global supply competitive marketplace our chain, management scale are particularly to and discipline, of times chain The a on rigor. uncertainty of disruption. Moving sophistication supply and operational hallmarks
to As in meaningful began thoroughly leaders the quickly mobilized a process. demand-supply matching scale and and assess to thoughtful inventory operational our pandemic make rigorous positions reductions globally,
timing Importantly, supply our of due first revenue, to X% was end at up cases, higher a in the of delays. was better and, combination some receipts inventory expected than of quarter, the which
remember, in of notably a us revenue to the give And our will throughout the year the on some brand, decline the the several us in full they begin year. year-over-year expect don't Vans over cost next normalize did delays remainder on inventory we and supply these While basis quarter, to basis most a months. concern
across assortments. our a innovation that brands work and forward an important maintained newness remember we we lower with and product levels, our percentage it's partners of commitments preserved While purchase brands. product. and high transparent active And as and we to have investment relatively in inventory our together product suppliers, strategic expect core key We dialogue on
and beginning partners. retail considering of said partners QX key collaborate these is and environment. evolving Throughout year appropriate that gross future on focus long-term we've to of undeniably us our the Remember, emerging sustainability we're continue confidence a our that health brands the levels cost We our from with of VF, position, conversations, this the and regarding and healthy at even results give to margin. from on sales we're achieving are on well very objective. that in the our focused encouraging short-term way inventory,
was The Lastly, mix business in a accelerated I'd performance see the business of broad Vans, we happening like Dickies. revenue. By the few XX% brand. total in our DXC a and for by digital XX% region, XXX%, quarter Timberland the to increased in digital minutes our and North business XX% increased brand, on almost geographic as and increased The of result digital Asia XX%. digital XX% digital grew COVID. Face, XX% growth in VF's accounted and and in region our spend Americas in XXX% increased shift both By based, in Europe in XX%
opening toward resulting As prioritizing momentum remarks, investments continue give continue us to over highlighted platform, been transformation. deeper which past in digital path years we've in we're seeing confidence digital in our the The several strong to his strong returns, our show digital Steve across engagement. in
a better and versus XX% expectations, results. the Revenue year, first Now declined Americas of international relative than our to in platforms. expectations. the prior driven turning plans digital to quarter Reopening initial our by were our summary our delayed
the returned expected. and once growth a in expected. We performance than better China opened, positive Europe Asia, throughout steady sooner saw our improvement quarter than to However, stores both was largely and
and move through Although optimistic, a we're on Based but that in the more our seeing, with execution. remaining we're QX early fall, we pleased trends the moment. smallest months summer our into on quarter, as is we're
decline plans our of reopening be in we and may a forward a certain underlying confidence revenue and back have wondering, step you in why the XX% of of in trajectory the globe, So in business. light fundamentals parts in
some to and opportunity So our resilient. spend and of indicators which brands we growth on in believe spending in a powerful growing, represent outdoor our positioned athletic well true large, the is portfolio influenced be performance as business such the active categories, of minutes few categories us. markets These categories in and and our these key these the owns continue casualization. spending health allow and most globally of in large to and me remains positively are benefit. to the underlying structurally monitoring, by reflect participate trends, VF consumer wellness are outdoor, front health will and participation, brands that we Consumer attractive,
Our business less in Vans at improve, improvement significant than July continued with and XX% down by to Dickies. sequentially revenue led
We we second Vans to be expect and single-digit down to the brand Dickies our expect mid to brand quarter, than return in less growth XX%. our
improvement the market one expected. shape has leading of China all view in across sequential Greater as increased expect it of the we inflecting brands in sooner in quarter, to Mainland, indicator overall and the we including been in a terms performance and We pandemic, than COVID nearly portfolio. the our X% X% strong China in growth quarter lead recovery.
We expect the with full growth our planned in mid-teen XX% than business for growth China in QX, Mainland year. more
first XX% are transformation, business our a we to drive DXC accelerated full more shift the in in off. XX% increased of for to continue digital platform, the our Our more The with along starting investments digital to expect quarter, year. pay performance digital growth we're making than digital and the
sell-through opened, and I'd brand connections wholesale little to recent consumers on our are saw were stronger accounts. a trends largest in lastly, building customers. Generally, performance We strong and And we to even loyal provide with when color new our our and doors like affinity the franchises demand. drawing
where wholesale, U.S. digits. were high doors the up single was sell-through in example, opened, Vans' For
retail Our well brand's were positioned. inventories
sync Timberland retail North Face levels with Vans in while forward inventory revenue levels. are Specifically, below inventories The are and projections, historical
about optimistic the clearly our seeing in signs we're we're So early business.
on their Now June, own stores at the were standpoint. our some reopened the our partners Americas, our business of of wholesale let operating with from stores. the of the we a open, majority me roughly color XX% end of give In you and geographic had state
the However, cases rise reclosures. across in the of U.S. isolated store has COVID to certain recent led parts
today, countries improvements about of Throughout traffic the In and new sit safety store we've more we challenges. of As stores see progressed. Europe, trends, June, sequential open region were improvement and of brought seen than the gradual sequential At own our roughly continued as in region. to by and XX% our the strong in presented the capacity measures issues some conversion across inconsistencies the quarter stores a XX% end quarter, are although regional in we reopening open.
continue outbreaks virus to disruption. isolated cause However,
As performed above stores all open. our Europe, today, are nearly Across we expectations. sit most of markets
business wholesale the quarter, Our saw our partners. digital momentum from strong digital performance key continued throughout including
to fuel We confidence with are continue digital to regions. behind help is economic consumer and capabilities the In outlook in Asia, in acceleration as other key our and and currently invest such working Europe. recovery the continued stronger closely partners, Zalando than Asos,
showed of recovery As seen of operations improvement. Korea gradual June, had while rest continual resumed all of DXC a XX%, APAC stores We've markets. modest all grew in across the more VF China,
digital, of as with in overhead, while highly and marketplace. aspect reexamining a little priorities, model of results. acceleration progress cover we technology, of marketplace we changing to light provide few our as expected, backdrop demand to will like XXX investments promotional made the continue benefits we've and SG&A favorable more in by of analytics move the managed offset in as prioritize mind, planned without we That spending digitally I'd creation, and investment had transformations. focused a the strategic of DXC continue preserve XX.X%, resorting continued current discretionary of quickly So a than just the and the discounting. XX%, rapidly which our first mix our transformation and impact components structural environment. in pleased portfolio Gross business of margin Further, our to with we mix We're contracted to our as was to points specifically our light impacts every data excessive shift inventory basis our including than over that structural better margin was declined the rightsizing digital positive other in quarter a said, and forward. and Total gross
capital allocation. to Turning
While remain over repurchases for the as And repurchase term. key speaking dividend the share our and algorithm, remains TSR plan the prioritize element program liquidity, near our and of time long-term optionality being, a share frozen M&A we our an dividend, now quick our it update. ongoing our of committed remains Board Switching to we portfolio, of to part of Workwear model, integral of our and the a TSR course, to divestiture Occupational subject dividend, remain approval.
Our process remains to in with that unfolds. active large more buyers the confident remain the be and a months remain specifics on schedule. a and we'll as We in interested share process of conversations number position coming over
the quarter for the outlook XXXX, to results balance outlook given still fiscal and of duration it's uncertainty pandemic. of we our Regarding better believe than the across we're for while severity of early business, continued about expected, our too trends provide optimistic were a and the recent formal for the year the the
least million remain confident at we've we said outlook management earnings, $XXX cash our today, a working in combination free lower CapEx. and capital operating through As flow of of
fiscal market. than which with the three XX%, the leverage provide would of And times. of revolver from July that less a billion, the liquidity. in the visibility, and expect We impact the sale business cash includes of expected recently resulting of down least and continue source additional Work undrawn to less U.S. reclosed, exit primarily QX an our expect in performance net Remember, to current cash at we Occupational $X based than of balance on and have our to proceeds revenue with finally, stores be XXXX us
underlying one, now; two, investments prepare of the track. to things the inorganically, give we're our of we So modestly our next. seeing making organically we're earnings, ahead early, points the respect that while both priorities. year for growth key momentum on still balance our And in protect the two against enterprise us liquidity, expectation continue investments With term. actions confidence right this strategic our our up, proof to the drive to near and quarter to one taking and confidence manage brand books, out wrap in set capitalize and to it's the to we're portfolio and goals: give and growth in with The that opportunities, and and sheet we make revenue, on strength cash with me ability and accelerated positive
The with will VF the key to around coupled our transformation of the all enterprise. the now digitally to model, can open focus combination continue in your diversified place that, levers, position. with TSR and advantaged We on led an we these take questions. retail-centric, will choices strategic And line