Revenue for the third quarter, the footwear maker’s largest, was off 2% to $447.9 million from $455.2 million with the shortfall attributed to it strategic decision to prioritize margin improvement over shipment volume growth. Half of the decline was from the small European retail operation, which contracted 85% to just $0.7 million in Q3 as it undergoes a restructuring. For the footwear manufacturing business, pairs were steady at 16.1 ... Log in to view full article.