Direct-to-consumer gains across brands drove a 13% top line increase (+16% CC) to €818.0 million ($892.0 mm) from €726.4 million for the first quarter, offsetting wholesale drops as Moncler and Stone Island both reconfigure the channel. Moncler brand sales were up 17% (+20% CC) to €705.0 million as DTC increased 21% to €608.5 million, with both EMEA and Americas posting sequential improvements over Q4 ’23 in both brick-and-mortar and e-commerce. Wholesale was down 7% to €96.5 million on the ongoing conversion of Nordstrom and part of Saks to DTC in the ... Log in to view full article.