Fenix Grows Brand Sales in Q4
Revenues at the Swedish outdoor company’s brands division, which includes Fjällräven, Royal Robbins, Brunton and other brands, increased 8% to €55.4 million ($58.3 mm) in Q4 from €51.1 million. Growth with American retail partners led the top line improvement, and brand sales in the region were up 21% to €26.8 ($28.2 mm). Operating profit was cut 43% to €4.6 million ($4.8 mm) from €8.0 million on high returns from consumers, along with IT and digital projects. The global sales segment, made up of distribution companies selling more than one Fenix brand, ... Log in to view full article.