Fenix Outdoor Sales Slip in Q1
Branded segment revenues at the Swedish outdoor company from Fjällräven, Royal Robbins, Brunton and other brands declined by 15% in the first quarter to €45.2 million ($49.1 mm) from €53.1 million. Coming into the quarter, order books were lower than last year, as wholesale customers are still working down excess inventory. Operating income dropped 27% to €12.9 million ($14.0 mm) from €17.6 million. Sales ... Log in to view full article.
