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Timberland fourth quarter European sales grow

US footwear brand Timberland reported a strong performance in Europe in its fourth quarter.

The brand said its revenue in Europe increased by 32.3% - 40.1% on a constant exchange rate basis - for the fourth quarter to December 31 compared to the same period in 2009, meaning total European revenue for the period was $169.6m (£104.5m). Full-year revenue for Europe stood at $592.1m (£364.8m).

Timberland said its European results reflected growth across the region, led by Germany, Scandinavia and the Benelux region, and driven by a strong performance in men’s, women’s and kids footwear.

The brand also reported that its global like-for-like sales, which include Europe as well as its domestic market, were up 17.6% for the quarter and 8.8% for the full-year. Full year global revenues rose 11.2% to $1.43bn.

Global wholesale revenues jumped 30.9% to $326.6m and direct-to-consumer salesincreased 19.0% to $164.5m.

President and chief executive Jeffrey B Swartz said: “Our results this quarter are the culmination of disciplined focus on our operating model and targeted investments in our brand.”


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