Preview - Please log in to view full article.

Article Date: February 2024
Word Count: 215

Fenix Struggles in Q4

Revenues at the Swedish outdoor company’s brands division, which includes Fjällräven, Royal Robbins, Brunton and other brands, declined 15% to €47.3 million ($50.9 mm) in Q4 from €55.4 million. The weak dollar coupled with bloated channel inventories and sluggish retail trade sent Americas sales down 13% to €23.3 million ($25.1 mm). Operating profit swung to a loss of €1.5 million ($1.6 mm) from a profit of €4.6 million. Fjällräven is still experiencing high inventory levels at retail, however, the DTC channels are showing signs of growth despite the tough quarter. The ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.