Chief executive officer Emanuel Chirico criticized the transactional nature of online shopping but hinted at the possibility of more digital acquisitions like True & Co. in the future.
The brand has been affected by lowered orders and foot traffic declines but expects things to improve over 2017.
The athletic company posted revenue of $8.4 billion for the quarter and said net income rose by 20 percent.
A new Boston Consulting Group report, “The New Indian — The Many Facets of a Changing Consumer,” looks at spending in the Asian nation.
The retailer’s former longtime chief executive officer is looking to buy, but said current bidding procedures are making him wary.