Gregory continued to grow strongly in the first six months of Samsonite's financial year, ended on June 30. The technical backpack company's sales rose by 22.1 percent on a constant-currency basis, and they were up in dollars by 19.7 percent to $34.9 million. By contrast, High Sierra, a more lifestyle-oriented brand of backpacks owned by the same group, continued to decline, suffering a sales drop of 12.8 percent to $39.3 million, which was attributed to lower reorders and shifts in the timing of orders taken from North American retailers. All in all, Samsonite reported a drop of 12.8 percent to $97.0 million in its adjusted net income for the period on 5.0 percent total revenues of $1.75 billion, with a drop of 1.5 percent in local currencies. Most of the declines occurred in the U.S., China, South Korea and Chile.
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