Goldwin's revenues expanded by 4 percent to 17,300 million Japanese yen (€132.2m-$148.3m) but comprehensive net income was off 67 percent to ¥1,114 million (€8.51m-$9.55m) in the fiscal third quarter until the end of December. Sales were driven by The North Face, Canterbury, Champion and Danskin, though the mild winter has negatively impacted outerwear. Gross margin was 1.6 percentage points higher at 48.6 percent in the quarter, but the bottom line was impacted by higher SG&A costs from store openings and a ¥1,049 million (€8.01m-$8.98m) loss from its share of the South Korean Youngone affiliate. Looking ahead to the full year, Goldwin indicated there could be further effects from Youngone but did not put a number on it.

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