US-based designer of footwear, apparel and accessories The Timberland Company has posted significantly lower operating profits of $13.6 million for the first quarter, down from $40.1 million in the prior-year period.

Net income also fell to $9.3 million from $26.1 million in the same prior-year period as a result of restructuring costs, whilst revenue fell 3.9% due to a decline in sales in it boots and children’s footwear segments, which were partially offset by gains in SmartWool and Timberland Pro.

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