The Timberland Company has reported a second-quarter net loss of $19.2 million compared with a $18.9 million loss in the prior-year period.

Revenues fell 14.4% to $179.7 million during the quarter, reflecting declines in Timberland brand apparel and casual footwear.

North America revenues declined 13.3% to $86.3 million, reflecting soft consumer spending in the US, while Europe revenues dropped 16.6% to $65.7 million. Asia revenues fell 12.3% to $27.7 million, driven by declines in casual footwear and apparel, partially offset by strengthening of the men's and women's boots businesses.
Global footwear revenues fell 11.2% to $127 million, primarily due to declines in the casual footwear business, which offset strength in the boots business in the European and Asian markets.

President and chief executive officer, Jeffrey Swartz, said: "The first half of 2009 has presented us with unprecedented challenges in the marketplace. We have tackled the challenges by sharpening our efforts to improve the overall efficiency of the organisation, while recognising that we must continue to invest in the long-term health of the brand.”

He added: “We will continue to invest in key areas such as product development and marketing that will build the overall health of the Timberland brand and franchise and leave us well-positioned when the global economy improves."