Revenue from the wholesale branded segment, which includes Fjällräven, Tierra, Royal Robbins and others, decreased 9% to €34.6 million ($37.6 mm) from €38.2 million in the second quarter, pulled down by retailer destocking due to bloated inventories, primarily in Europe. North America posted moderate growth, pushing the Americas region up 1% to €16.4 million ($17.8 mm), while the important German market was off 18% at €10.2 million, and other regions were mixed. DTC operations within the segment grew 6%, led by ... Log in to view full article.