Restructuring charges of $15.7 million contributed to a $67,457,000 loss in the final fiscal quarter ended Mar. 31 against a $6,568,000 profit last year, on an 11% drop in revenues to $1,180,583,000 from $1,332,197,000 as Under Dog pulled back on clearance promotions. Direct-to-consumer tumbled 15% to $386.1 million, pulled down by a 27% drop in e-commerce, which was most affected by the reduced promotions. Owned brick-and-mortar sales declined 6%. The wholesale channel fell 10% to $767.6 million, while licensed revenues were 15% lower at $24.2 million after bringing socks back in-house ... Log in to view full article.