Sales of every VFC brand declined in the Holiday quarter, sending total revenues down 16% to $2,960,283,000 from $3,530,667,000, while a nine-figure impairment charge resulted in the bottom line plunging to a $42,452,000 loss from $507,868,000 profit a year ago. Direct-to-consumer was down 8% to $1,786.2 million, including a 13% drop in DTC e-commerce that was partially attributed to the quarter’s cyberattack, but fared relatively well compared to the 26% decline in wholesale sales. The $257.1 million non-cash charge was for impairment of Timberland and Dickies goodwill and intangible assets of ... Log in to view full article.