) has seen its shares dip 13% over the 12-month period, failing its align its portfolio of brands with Millennial tastes.

Overall, major U.S. retail companies have struggled recently as they face evolving consumer preferences, macroeconomic uncertainty and heightened industry competition.

Timberland Weighs Down Q4 Results

In the most recent fourth quarter, VF Corp., described its mixed results as “solid,” despite the challenges of an “inconsistent US marketplace.” While flat year-over-year (YOY) revenue growth in the recent quarter failed to meet the Street’s estimates, VF Corp. guided for low-single-digit sales declines in 2017.

Management seemed upbeat on the continued strength of its Vans brand along with the expansion of its international business and direct-to-consumer platforms. Timberland served as a drag to overall sales growth, up just 1% in 2016 and 4% in Q4, compared to Vans’ 12% gain in…