Net income was nearly halved to $62,751,000 from $119,258,000 in the seasonally important third quarter while sales dropped 23% to $701,092,000 from $906,793,000, including missing about $45 million of Fall shipments that shifted from Q3 into Q4 this year due to supply chain delays. The DTC channel was down 10% to $229.6 million, as weak brick-and-mortar store traffic and sales more than offset a 55% jump in digital. E-commerce accounted for 12% of sales, twice the penetration last year, helped by the deployment of the new “X1” digital platform. Wholesale fared worse than DTC, declining 28% to $471.5 million. The ... Log in to view full article.