NEW YORK ( TheStreet) -- Apparel maker V.F. Corp. ( VFC) is giving a boost to the department store sector, after it blew past second-quarter estimates and upped its forecast.

The world's largest apparel manufacturer upped its full-year outlook to $6.10 a share from prior outlook of $5.90, after margins soared and sales improved across all of the V.F. Corp. divisions.

During the second-quarter, V.F. Corp., which owns brands like The North Face, Vans, Wrangler and Lee, earned $110.8 million, or $1 a share, a 47% spike from last year's earnings of $75.5 million, or 68 cents a share. Analysts were calling for a profit of 77 cents a share.

V.F. Corp.revenue grew 7% to $1.59 billion.

V.F. Corp.CEO Eric Wiseman credited the better-than-expected results on cleaner inventory levels and lower production costs, but did warn that sourcing costs could rise next year.

V.F. also declared a quarterly dividend of 50 cents, payable on Sept. 20 to shareholders of record as of Sept. 10.

Shares of V.F. Corp. are gaining 5.4% to $77.96, lifting the rest of the retail sector, specifically the department store sector, for which is supplies a significant amount of merchandise. Macy's ( M) is gaining 5.2% to $19.14, J.C. Penney ( JCP) is rising 4.7% to $24.75, Sears ( SHLD) is jumping 5.2% to $66.47, Dillard's ( DDS) is climbing 4% to $21.98 and Kohl's ( KSS) is advancing 2.9% to $47.92.

V.F. Corp. also supplies merchandise to big-box discounters like Wal-Mart ( WMT) and Target ( TGT), which are also showing strong momentum in morning trading.

-- Reported by Jeanine Poggi in New York.

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