Net income in the fourth quarter fell 10% $53,281,000 from $59,532,000 on revenues that inched down slightly to $1,324,711,000 from $1,330,732,000 lapping a record top line in 2019. Domestic wholesale was up 1% to $299.4 million on strength in athletic casual, walking and work footwear and a high-single-digit gain in men’s. International wholesale gained 3% to $654.1 million as 30% growth in China led to 19% gains in the overall joint venture business and 23% gains in Europe pushed subsidiaries up 13%. These were partially offset by a 58% drop in the distributor business, hit hardest by Middle East downturns.

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