Wholesale revenue decreased 12 percent to $662 million and direct-to-consumer revenue increased 11 percent to $655 million, driven by 25 percent growth in eCommerce.
North America revenue decreased 6 percent to $924 million and international revenue increased 7 percent to $448 million (up 4 percent currency neutral).
Within the international business, revenue decreased 11 percent in EMEA (down 14 percent currency neutral), increased 26 percent in Asia-Pacific (up 21 percent currency neutral), and increased 2 percent in Latin America (up 8 percent currency neutral).
Apparel revenue decreased 4 percent to $931 million. Footwear revenue declined 7 percent to $241 million. Accessories revenue increased 32 percent to $145 million.
Gross margin increased 210 basis points to 49.4 percent compared to the prior year. Excluding the restructuring efforts, adjusted gross margin increased 300 basis points to 50.3 percent, driven primarily by benefits from channel mix, supply chain initiatives and regional mix.
Full Year 2020 Review
Revenue was down 15 percent to $4.5 billion.
Wholesale revenue decreased 25 percent to $2.4 billion and direct-to-consumer revenue increased 2 percent to $1.8 billion, driven by 40 percent growth in eCommerce, which represented 47 percent of total direct-to-consumer revenue.
North America revenue decreased 19 percent to $2.9 billion and international revenue decreased 4 percent to $1.4 billion. Within the international business, revenue decreased 4 percent in EMEA (down 5 percent currency neutral), decreased 1 percent in Asia-Pacific (down 2 percent currency neutral), and decreased 16 percent in Latin America (down 10 percent currency neutral).
Apparel revenue decreased 17 percent to $2.9 billion. Footwear revenue declined 14 percent to $934 million. Accessories revenue was relatively flat at $414 million.
Gross margin increased 140 basis points to 48.3 percent. Excluding restructuring efforts, adjusted gross margin increased 170 basis points to 48.6 percent, driven predominantly by channel mix and supply chain initiatives offset by pricing related to discounting within the direct-to-consumer channel. ■