Leading designer of protective shoes and rainwear, LaCrosse Footwear Inc, said on Tuesday its third quarter net profit slid to $863,000 from $1.6 million last year due to softness in the retail and industrial sectors.

The Oregon-based company, behind brands like Danner and Rainfair, said net sales in the quarter to September 28 plunged to $29.2m from $39.6m in the year-ago period.

Sales in the retail channel of LaCrosse fell 41 per cent while sales dropped 15.6 per cent decline in shipments in the industrial channel of LaCrosse and Rainfair. That decline was offset slightly by a 1.7 per cent rise in Danner shipments.

LaCrosse said in a statement: "Reduced net sales for both the third quarter and year-to-date periods were the result of a continued softness in both the retail and industrial sectors.

"Tighter inventory management by our channel of distribution partners and reduced fall pre-season orders had a negative impact on net sales.

"Net sales were affected because the company reduced stock-keeping units and eliminated under-performing product categories as part of a strategic initiative to focus on core markets and profitable categories."