Fenix Outdoor Brand Sales Falter in Q2
Revenue from the wholesale branded segment, which counts Fjällräven, Tierra, Royal Robbins and others, declined 8% to €35.0 million ($37.6 mm) from €38.2 million in the second quarter, weighed down by retailer destocking and lower reorders in Europe. North America contracted 7% to €15.2 million ($16.3 mm), while the important German market was off 15% at €9.9 million, and other regions were mixed. DTC operations within the segment inched up 1%, led by Fjällräven. Operating profit ... Log in to view full article.