All Amer Sports articles – Page 2
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ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
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ArticleAmer Sports divests Suunto
Amer Sports revealed it has reached an agreement with Chinese technology company Liesheng to sell its Finnish brand Suunto, a manufacturer of sports watches, dive computers and precision instruments. Amer said the sale was in line with its strategy to focus on developing internationally recognized sporting goods brands in the ...
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ArticleOutdoor industry stocks declined by 6% in Q3
Public companies involved in the outdoor and bike sectors saw their average share value decline by 6.0 percent between June 30 and Sept. 30 of this year, after rising by 18.9 percent during the first quarter and by 13.8 percent during the second quarter. The sector performed a little better ...
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News briefsArc’teryx hires Chris Pelyk as new VP Store Development
Source: Arc’teryx Chris Peylk, VP store development at Arc’teryx Chris Pelyk has been appointed vice president of store development at Arc’teryx. In his career, Pelyk has worked for several big brands in the development, design, and strategic planning of retail concepts, mainly in Asia. Among the companies ...
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News briefs
Amer plans to upgrade its distribution center in Utah
Amer Sports is reportedly offering to invest $30 million to upgrade its U.S. operations in Ogden, Utah, creating between 100 and 155 new jobs over ten years, in exchange for various local and state tax incentives worth a total of $4.08 million. The investments would include a budget of $2.46 ...
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ArticleAnta’s profits more than double in H1, Amer bounces back
Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. In addition to a surge in demand related to the Xinjiang issues, e-commerce ...
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News briefsPeak Performance publishes 2020 sustainability report
In its latest sustainability report , Swedish brand Peak Performance is setting future goals and giving an overview on the projects and improvements in 2020. Setting priorities in health, circularity, climate action and partnerships, Peak Performance aims for: 100 percent sustainable materials by 2030 Full supply ...
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News briefsAmer Sports names Fogliato Salomon’s new president and CEO
Source: Salomon Franco Fogliato Amer Sports has found a new and experienced executive with an excellent background in the sporting goods industry, Franco Fogliato , to head up Salomon as president and CEO. He will take on the responsibility by March 15, 2022, ...
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News briefsArc’teryx rebrands Icon Stores, opens new NYC location
Located at the Upper West Side in New York, Arc’teryx Equipment has just opened a newly rebranded micro-store concept called Arc’type , centered around the brand’s most renowned designs. “The Arc’type store is a smaller store concept that features the Arc’type curated selection: 22 of the brand’s most noteworthy ...
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ArticleAnta Sports Q2 sales growth continues at slightly slower pace
Anta Sports continued to show strong sales growth in the second quarter ended June 30. However, the pace of growth slowed somewhat from the first quarter, which benefited from a strong comparison effect as strict lockdown measures were imposed in China in the first quarter of 2020. In an ...
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ArticleOutdoor company stocks continue to gain ground in Q2
From the first quarter to the second quarter of 2021, the 32 outdoor stocks we track were up 13.82 percent. Neither the bike nor the retail companies had a major impact here, but rather a few of the large groups such as Anta Sports, Vista Outdoor and American Outdoor Brands, ...
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ArticleAnta Sports publishes profit warning
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group . In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, ...
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ArticleMoody’s upgrades outlook for Amer Sports
Providing some interesting figures on Amer Sports ’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to ...
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News briefsAnta Sports had a good start to 2021
In an operational update on its first quarter, which relates to the performance of Anta , Fila , Descente , Kolon Sport , Sprandi and Kingkow , but does not include the businesses of Amer Sports , Anta Sports Products Limited said retail sales of Anta branded ...
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News briefsEnve Composites offers first custom carbon frames “Made in USA”
Since Amer Sports was acquired by Chinese sporting goods multi Anta Sports in 2019, the Finns (following the Mavic sale in mid-2019) have had only one bike product left in their portfolio. Now Enve Composites , one of the leading exponents of the finest carbon bicycle wheelsets ...
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ArticleFila lifts Anta’s results while Amer posts losses
Anta Sports Products has released generally good results for the full year, despite the impact of the pandemic. Fueled by the continued progress of Fila ’s joint venture for the Chinese market, the group’s total revenues rose by 4.7 percent to 35,512 million yuan renminbi (€4.59bn-$5.43bn), bouncing back from ...
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ArticleAmer Sports appoints new CEO for Arc’teryx, plans to accelerate DTC
Amer Sports has announced the immediate appointment of Stuart Haselden , a retail industry executive, to the newly created position of CEO of Arc’teryx Equipment , based in Vancouver, Canada. He succeeds Jon Hoerauf, Arc’teryx’ president, who has decided to leave the company to pursue other plans. In ...
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ArticleMichael White quits as president of Salomon
Source: Amer Sports Michael White Amer Sports announced the immediate departure of Michael White as president of Salomon , indicating that he has decided to “pursue other interests” and adding that it has initiated an external search for a permanent successor. We were ...
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ArticleArc’teryx aims for Fair Trade certification
With a goal of having 80 percent of its products certified by Fair Trade USA by 2025, Arc’teryx has announced plans to convert three production facilities in Vietnam to Fair Trade Certified TM in the coming year. The move comes as part of the company’s response to ...
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ArticleAnta’s president will run Amer Sports
Jie (James) Zheng , executive director and president of Anta Sports Products, is taking over the responsibilities of Heikki Takala , who has decided to resign from his role as president and chief executive of Amer Sports after ten years in the position. Takala, a former commercial director ...
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