Net income in the final quarter declined by 23% to CHF 69.1 million ($86.4 mm) from CHF 89.5 million, pulled down by a CHF 50.7 million negative swing in foreign exchange, as revenues increased 23% (+30% CC) to CHF 743.8 million ($929.8 mm) from CHF 606.6 million. Direct-to-consumer channel revenues were 22% higher at CHF 360.6 million, and wholesale revenues grew 23% to CHF 383.2 million, both benefiting from a globally coordinated holiday campaign that amplified brand heat. Sneaker sales increased 21% to CHF 687.3 million, outstripped by apparel (+38% to ... Log in to view full article.