Latest News & Analysis – Page 164
-
ArticleSurge in healthcare sales during pandemic boosts 3M results
A surge in demand for healthcare and home improvement products has helped the consumer conglomerate 3M post better-than-expected third-quarter earnings, as hospitals stock up on protective equipment and workers forced to stay at home buy more DIY materials. Total sales rose 4.5 percent to $8.35 billion, above a consensus of ...
-
ArticleIspo Munich Online to focus on digitization, health, sustainability
As reported earlier, Messe München has announced that Ispo Munich 2021, originally scheduled for Jan. 31 - Feb. 03, will be held entirely digital from Feb. 1 - 5 due to the current developments of the Covid-19 pandemic. Ispo Munich Online, the new all-digital format, will build up on the ...
-
ArticleThule posts strong results
The third quarter was a good one for Thule Group, the Swedish company best known for its roof boxes and bike racks. It saw its net income soar by 148.6 percent from the year-ago quarter to 449 million Swedish kronor (€43.3m-$51.3m), while revenues jumped by 44.9 percent to SEK 2,043 ...
-
ArticleMoncler reports a 14% drop in Q3
The decline in Moncler’s revenues slowed down in the third quarter to a rate of 15 percent, or 14 percent in local currencies, falling to a level of €361.8 million. The management reported high and constantly improving growth in China. Without providing the details, the management said that other markets ...
-
ArticleKathmandu benefits from Rip Curl and online; publishes sustainability report
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine ...
-
ArticleClarus expects lower sales for Black Diamond
While releasing preliminary results for the third quarter, Clarus Corp said it expects another quarter of declining sales for Black Diamond (BD), the group’s biggest brand. After recording a 47 percent drop in the second quarter, hit by store closures in Europe and America, BD will post a 10 percent ...
-
ArticleInterview: Goldwin opens Munich flagship; expects positive business development
Clean, minimalist styling, first-rate functionality and zero-compromise performance – the new Goldwin flagship store in Munich undoubtedly reflects the core principles behind the Japanese brand that started out with knits and ski clothing. Today, Goldwin is still offering a technical and fashionable ski collection, but the main focus has changed ...
-
ArticleMammut’s results beat expectations
In a business update, Conzzeta Group, the parent company of Mammut Sports Group, said revenues from the Outdoor segment, which only consists of Mammut, declined in the first nine months by 20.0 percent in reported terms to CHF 149.4 million (€139.3m-$163.2m), or by 17.5 percent in constant currencies and on ...
-
ArticleNew owners for 4FRNT
According to an article in SNEWS, the independent U.S. freeride and backcountry ski company 4FRNT has been taken over by a group of private entrepreneurs from former owner Jason Levinthal, who acquired the brand from former founder Matt Sterbenz in 2017. The article was written by Levinthal himself. The new ...
-
ArticleMajor fire in Fischer’s Ukrainian ski factory
Various news sources have reported that a fire broke out in a ski factory in Ukraine last week. According to the State Emergency Service of Ukraine (SES), the roof of a large one-storey building at the JSC Tysa ski factory caught fire on Oct. 12 at 2:00 a.m. Kyiv time. ...
-
ArticleU.K. threatens no-deal Brexit; talks to continue next week
Tensions on stalled Brexit trade talks intensified as Boris Johnson, the British Prime Minister, said Britons should prepare for a no-deal departure if the European Union (EU) did not compromise, raising the prospect of supply chain chaos across Europe. Johnson stopped short of saying he was walking away from the ...
-
ArticleVF back to profits
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return to profits. The management said that year-to-date results have surpassed its expectations across all brands, ...
-
ArticleSOG is climate positive, will focus on circular economy and turns 20 in 2021
The Scandinavian Outdoor Group (SOG), comprising 74 Scandinavian outdoor brands, had its Fall Networking Day at the beginning of October. Because of the Covid-19 pandemic, the event was held digitally, with a total of 85 participants. Sara Wänseth, who has been the general secretary of the group for six years, ...
-
ArticleTNF addresses inequity in the Outdoors with global Reset Normal initiative
With the Reset Normal campaign, The North Face (TNF) has launched a global initiative to encourage people around the world to redefine their lives through exploration in the outdoors. As part of this initiative, TNF is launching the Explore Fund Council, a global body that brings together experts from the ...
-
ArticleVaude establishes Academy for Sustainable Business Management
Together rather than against one another: After Houdini had just made the development specifications of one of its most sustainable products available as Open Source, the German outdoor brand Vaude has now announced the foundation of the “Vaude Academy for Sustainable Business.” The academy is designed to support other companies ...
-
ArticleBergzeit to publish bouldering survey; launches online clinics
Bouldering has experienced a greater increase in popularity than almost any other sport. “This is due to the general fitness and movement trend, which we, as a mountain sports company, have also been feeling for some time. Mountain sports today no longer mean just spending time in the mountains, but ...
-
ArticleVF matches its management to its new business model
VF Corporation is changing its management structure to suit changes in the way it does business, notably the dividing of all of its brands between two portfolios. Core Brands comprises Vans, The North Face (TNF) and Timberland. Steve Murray has become global brand president of TNF. He served as president ...
-
ArticleYKK wants to be climate neutral by 2050
At this week’s Copenhagen Fashion Summit, YKK, the leading manufacturer of fasteners and trims, announced the YKK Sustainability Vision 2050, which among other things is intended to serve as a roadmap for the company to achieve net-zero emissions by 2050. The five themes of the YKK Sustainability Vision 2050 are ...
-
ArticleWolverine takes its buyers conference digital
Because of Covid-19 and its related safety measures, Wolverine Worldwide has expanded its partnership with Envoy B2B and taken its buyers conference digital. The American company was obliged to cancel its Global Brand Conference for this year, depriving its 12 brands of a means to introduce their new products to ...
-
ArticleEU agrees on common rules for pandemic-related travel restrictions
The European Council has adopted a recommendation on a coordinated approach to travel restrictions in response to the Covid-19 pandemic. The council comprises the heads of state or government of the countries forming the European Union, as well as the president of the council and of the European Commission. ...
