Early Wednesday, Timberland said its second-quarter loss narrowed to $18.9 million from $19.2 million a year earlier. But on a per-share basis and excluding restructuring and related costs, the per-share loss widened to 32 cents from 30 cents a year earlier.

Analysts surveyed by Thomson Financial projected a per-share loss of 34 cents a share.

"Our second-quarter results were consistent with our expectations, as we continue to control costs in the face of a difficult global retail environment," President and CEO Jeffrey Swartz said in a written statement.

Still, second-quarter revenue fell 6 percent to $209.9 million amid declines in casual footwear, Timberland brand apparel and boot sales. However, the strength of the euro and the British pound boosted revenue by roughly $9 million, or 4 percent, and increased operating income by about $1 million.

Second-quarter revenue for North America slipped 13 percent to $99.6 million, due to soft consumer spending. Revenues in Europe fell 1 percent to $78.8 million, or 8 percent on a constant dollar basis, driven by declines in men’s casual footwear and kids’ performance footwear sales.

For the full year, Timberland sees mid-single digit revenue declines, due in part to its earlier decision to close under performing retail stores. The company also expects "relatively flat" revenue for the third quarter and operating income excluding restructuring costs in the range of $45 million to $50 million.

Timberland said its previously announced retail closure plan will result in total costs in the range of $14 million to $15 million, which is $1 million to $2 million below its previous estimate.

: Timberland Company, Reduced operating expenses, Thomson Financial, President and CEO Jeffrey Swartz, Global retail environment, Timberland brand apparel and boot sales, Timberland Shoes, North America, Timberland, India