K-Swiss reported a big 16 percent drop in revenues to $67.7 million for the third quarter, as compared to one year ago, as a 4 percent increase in the lifestyle segment was offset by a 47 percent drop in the performance sector. However, forward orders were down by only 8.6 percent, and the net loss for the period was down sharply to $1.9 million from $15.4 million, thanks to cost savings and lower inventories. Sales declined by 31.8 percent to $22.3 million in the U.S., but in the rest of the world they fell by only 5.3 percent to $45.3 million. In Europe, sales declined by 11 percent, but orders were up by 3 percent. The Palladium brand continued to make progress.