Latest News & Analysis – Page 143
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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ArticleAfter strong Q2, Wolverine again raises full-year outlook
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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ArticleCoDi sees “explosive” growth at Boa Technology
Compass Diversified (CoDi) highlighted the “explosive” growth of the recently acquired Boa Technology in its second quarter ended June 30, cautioning that the brand’s expansion is likely to slow in the second half of the year. Boa, which owns the Boa Fit System for shoe fastening, was acquired by CoDi ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenue for the three months more than doubled to $2,194 million, compared with ...
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ArticleSRAM Group opens Time pedal factory in Portugal
On June 30, bicycle component manufacturer SRAM Group (Rockshox, SRAM, Time, Truvativ and Zipp brands) celebrated opening a new production facility for Time pedals in Portugal. Annual production capacity is to be ramped up to 200,000 pairs of high-quality pedals, the company said. No details were disclosed about the level ...
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ArticleReal per capita consumption of private households continues to decline
In its first quarterly report of 2021 on private household consumption in the EU and Europe, the Statistical Office of the European Union (Eurostat) finds a 1.6 percent decline in average real per capita household consumption in the euro area, following a 2.6 percent drop in the fourth quarter of ...
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ArticleHow Bike24 is capitalizing on a global boom in bike sales
As the pandemic fuels a craze for cycling, Europe’s biggest online marketplace for bikes makes an impressive stock market debut.
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ArticleNewell reports Q2 sales rise of 28.3 percent
For the second quarter, Newell Brands net sales were $2.7 billion, a 28.3 percent increase compared to the prior-year period, as core sales growth of 25.4 percent and favorable foreign exchange were slightly offset by the impact of business and retail store exits. The company said that net sales were ...
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ArticleVista aims higher as ammo sales fire Q1 earnings
U.S.-based Vista Outdoor has posted better-than-expected first-quarter sales on the back of continued soaring demand for ammunition and outdoor products. Sales for the three months to June 27 rose 38 percent to $663 million over the same period last year against company forecasts of $600m - $620m. Chief executive Chris ...
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ArticleGermany’s “Dein Winter. Dein Sport.” winter sports initiative says optimism is back
“Positive” and ”together“ are the words that characterized the online conference of ”Dein Winter. Dein Sport.” earlier in July. The initiators of the German winter sports initiative and representatives from science, ski lift companies, tour operators and trade shows gave an insight into the preparations for the 2021/22 winter season. ...
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ArticleDeckers Brands posts Q1 sales growth, raises FY22 outlook
Deckers Brands reported a first-quarter revenue increase of 78.2 percent to $504.7 million, while the company’s earnings per share increased to $1.71 compared to basic loss per share of $0.28 for the same period last year. The company has raised its full-year fiscal 2022 outlook and now expects earnings per ...
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ArticleBMZ and Panasonic Cycle Technology announce cooperation for e-bike drivetrains in Europe
German battery specialist BMZ GmbH (aka BMZ Group) has signed a cooperation agreement with Japanese pedelec drivetrain pioneer Panasonic Cycle Technology Co. for complete e-bike drivetrain systems for the European market. This marks the entry of BMZ Group, which has previously also made a name for itself as a supplier ...
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ArticleVision Quest Velocity secures $3.4 million in seed funding
Vision Quest Velocity LLC, an early-stage virtual cycling start-up from the U.S., announced that it has received $3.4 million in seed round funding. Strategic financial partners led the investment round. Velocity will leverage Vision Quest Coaching’s more than 20 years of experience and knowledge to launch a unique and differentiated ...
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ArticleGfK sees more cautious consumer behavior in Germany
In its latest consumer survey for Germany, GfK has identified more cautious behavior among German consumers. Both economic and income expectations show moderate declines – caused by a noticeable increase in prices and inflation and by once again rising Covid-19 infection rates. However, the propensity to buy is likely to ...
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ArticleCalida Group posts H1 sales growth of 30.2 percent
For the first half period of 2021, Calida Group reported a 30.2 percent increase in sales to CHF 153.9 million (€142.8m-$169.3m) in currency-adjusted terms, which beat the pre-pandemic levels. The company said in a release that Millet Mountain Group, with net sales proceeds of CHF 37.2 million (€34.5m-$40.9m) and a ...
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ArticleSuccessful first half year for Moncler, brand accelerates in Q2
The Moncler Group reported consolidated revenues of €621.8 million for the first half ended June 30, compared to €403.3 million in the first half of 2020. Growth was 57 percent at constant exchange rates and 54 percent at current exchange rates. From April 1, 2021, the group’s financial report also ...
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ArticleExcellent results mark the first half of Shimano’s 100th anniversary year
Further Covid-related temporary plant and port closures on the one hand, and unabated high demand for bicycle products and fishing tackle on the other, gave Japan-based supplier Shimano Inc. a hard time in the first half of 2021. However, unlike in the first half of 2020 (when the supplier had ...
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ArticleOrthoLite pushes for zero waste in insoles
U.S. insole specialist OrthoLite, a supplier for over 350 footwear brands worldwide, has announced a widespread zero waste initiative to reduce the environmental impact of its products that are used in roughly 500 million pairs of shoes every year. The company’s commitment includes investment in a proprietary manufacturing system that ...
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ArticleEDM Interview Series #03-2021: Artilect
In part 3 of EDM’s new Interview Series, we spoke with Trent Bush, founder and Co-CEO of Artilect.
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ArticleSmartwool strengthens sales and e-commerce
Source: Smartwool Jennifer McLaren, CEO Smartwool The CEO of Denver-based merino specialist Smartwool, Jennifer McLaren, has named two new executives for the brand’s sales and e-commerce departments. Corey Stecker, previously international general manager of sales and marketing, was promoted to global head of sales. Stecker has been ...
