Net loss expanded 28% to €28.9 million ($34.4 mm) from €22.5 million in Amer’s smallest quarter, on 3% lower revenues of €483.0 million ($575.7 mm) vs. €495.8 million, which would have been up 2% constant currency. Gross margin was flat at 44.1%. Amer saw a big jump in direct-to-consumer sales, which increased 15% to €50 million including an 11% gain in own retail with same store sales of +4%, along with a 22% gain in e-commerce. Between its own DTC efforts and wholesale sales to e-tailers, it estimates that about 30% of sales now go through the “modern” channel. Results ... Log in to view full article.