Financial Indicators Worsen At Timberland, Despite Strength In Boots

2009-08-11T00:00:00

Revenues fell by 14.4 percent at Timberland in the second quarter ended July 3, hitting $179.7 million. The gross margin fell by 1.9 percentage points to 42.0 percent of sales due to higher product costs, currency effects, lower margins on off-price business and higher provisions for inventories. The company’s operating ...

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