During the 4th quarter ended Dec. 31, Timberland’s net income fell to $38.3 million, as compared to $46.9 million in the year-ago period. Operating profit dropped by 17.8 percent to $57.5 million, and was down by 12 percent to $60.6 million excluding restructuring costs. Sales outside of the USA climbed by 11.3 percent on a constant currency basis, with leading growth in Europe, Asia and Canada. Turnover in the USA slid by 1.0 percent. Timberland’s total comparable store sales were down by 11.8 percent in the quarter. Nevertheless, net revenues were up by 4.9 percent to $488.2 million, aided by gains in new brands like SmartWool and the Timberland PRO series, as well as apparel, accessories and outdoor performance footwear. Currency exchange rates also chipped in 2 percent of the gain. For the full year, net income fell to $106.4 million, down from $164.6 million, while revenues were $2 million higher at $1,567.6 million. In management news, two executives are leaving the company. Ken Pucker, chief operating officer, will depart in April, and Brian McKeon, chief financial officer, will leave next month for Iron Mountain (more in Shoe Intelligence).