Net Revenues. Net revenues for the fourth quarter increased 9% to $1.3 billion, compared to $1.2 billion for the fourth quarter of Fiscal 2009. The higher net revenues primarily reflect strong comparable store sales growth at the Company's retail segment, the benefit of a 53rd week of sales and incremental revenues from newly transitioned Asian operations that were partially offset by a modest decline in wholesale revenues.
Net revenues for the full year Fiscal 2010 period declined 1% to $5.0 billion. The decline in net revenues primarily reflects lower global wholesale shipment volumes that were partially offset by higher retail segment sales.
Excluding the 53rd week, net revenues for the fourth quarter would have risen 3% and net revenues for Fiscal 2010 would have declined 2%.