Latest News & Analysis – Page 176
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ArticleDisappointing end of the year for Fenix
Blaming unfavorable weather, product recalls and ongoing challenges in IT, the Fenix Outdoor International group, whose holdings include the Globetrotter chain and the Fjällräven brand, posted weak results for the fourth quarter of 2019.
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Ternua establishes twin sales departments
There are three pillars to Ternua’s growth strategy: the digitalization of its B2B business, the expansion of its complementary product lines (such as backpacks) and business development abroad. To build on the last of these, the Catalonian outdoor group has split it sales department into two divisions.
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ArticleIspo Awards praise sustainability, get new team
(SGI) As usual, an independent jury has selected the winners of the Ispo Awards for this year’s Ispo Munich. The most innovative products in outdoor, as well as in snow sports, running, fitness & team sports and sustainability, were chosen from a large number of high-quality entries. While the titles ...
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ArticleChemicals and coronavirus weigh on Wolverine’s results
The group’s two biggest footwear brands, Merrell and Sperry, helped Wolverine World Wide finish the last year on a high in terms of revenues, with both of them scoring growth in the mid-teens for the fourth quarter ended on Dec. 28. The company also benefited from an acceleration in direct-to-consumer ...
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ArticleDecathlon grows by 9.2% in 2019
(SGI) Decathlon has reported a sales increase of 9.2 percent to €12.4 billion (before sales taxes) in 2019, with a gain of 9.1 percent in local currencies and including growth of 3 percent to €3.3 billion in the domestic French market.
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ArticleOutdoor and Fitness are Garmin’s power engines
Garmin’s revenues jumped by 18 percent to $1,102 million in the fourth quarter, once again lifted by fitness and outdoor products. Net earnings soared by 90 percent to $360.8 million.
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ArticleGoPro ends the year on a high
(SGI) The battered American brand of action cameras benefited from production delays in the third quarter, which pushed deliveries of GoPro’s new Hero8 cameras into the fourth quarter, leading the company to record strong results for the three months to Dec.31. Revenues soared by 40 percent to $528.3 million during ...
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ArticleArc’teryx Alpine Academy 2020 returns to Chamonix-Mont-Blanc
The Arc’teryx Alpine Academy 2020 will take place for the ninth time from July 2 to July 5 in Chamonix-Mont-Blanc, France. The educational event, where participants can book various training courses at a reasonable price in all sports for which Arc’teryx products are available, includes a total of 77 workshops, ...
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ArticleSustainable innovations from Ispo Munich 2020
For the 50th birthday of Ispo Munich, the sports fair claimed to be more sustainable than ever before. More and more brands are looking for solutions for more sustainable products and more sustainable consumption. This time, recycling was one of the core issues of sustainable innovation. While recycled polyester from ...
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ArticleUvex partners with fall sensor startup, increases turnover in 2018/19
(SGI+) The German helmet and eyewear specialist Uvex is starting to distribute the eponymous sensor system of Tocsen, a start-up in Freiburg, Germany. Tocsen consists of a fall sensor and app to detect when a helmet wearer crashes. It checks the state of the fallen skier, snowboarder or cyclist, routes ...
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Columbia’s sales growth is softening
The management of Columbia Sportswear is projecting an increase of 4.5 to 6.0 percent in its total sales this year, with an operating margin of 12.6 to 12.8 percent.
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BenQ launches new membrane technology for apparel
(SGI) BenQ Materials Corporation, a Taiwanese company specializing in materials science, has launched a new nanoporous waterproof/breathable membrane technology for high-performance sports apparel which, it claims, provides both environmental sustainability and more benefits than other, more popular membranes. The key component of the new Xpore membrane is polyolefin, which belongs ...
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ArticleJohnson Outdoors’ profits up 83%
(SGI) Johnson Outdoors recorded strong gains in revenues and profits in all its divisions except Watercrafts for its first fiscal quarter, ended on Dec. 27, 2019. The company’s net income jumped by a staggering 83 percent from the year-ago period to $6.4 million.
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New chief executive for Haglöfs
(SGI) The Swedish outdoor company Haglöfs has not had a chief executive since November 2019, when Carsten Unbehaun left to become the new CEO of Asics EMEA. The vacancy has finally been filled by its global sales director, Fredrik Ohlsson. In his new role, Ohlsson will continue the brand’s ongoing ...
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VF lowers its outlook
(SGI) In releasing its results for its third quarter ended on Dec. 28 on Thursday, VF Corporation said its business so far this year has performed at the high end of its group’s long-term growth objectives, but the management admitted that it will not be able to meet the targets ...
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The ski market is apparently growing in the long term
Manufacturers’ deliveries of skis, boots and bindings to the trade grew for the third year in a row during the winter 2018/19 season, according to an annual study recently released by the Federation of the European Sporting Goods Industry (Fesi). Some analysts expect the trend to continue to be positive ...
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Spain’s mountaineering market consolidates
Spain’s market for mountaineering products was once again marked by consolidation in 2019. The big players got stronger, while the small players diminished in number, although there were fewer store closings than in previous years. Among the victims were Anayet Vertical, of Zaragoza, and MMallorca and Trekoon, both in Palma ...
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Adidas launches a skiwear line
Confirming a report in Süddeutsche Zeitung, Adidas says it is planning to enter the snowsports market with a line of winter sports apparel for cross-country and alpine skiing, ski touring and snowboarding for the autumn/winter 2020/21 season. It will be launched under its growing sub-brand for outdoor products, Adidas Terrex, ...
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Hydro Flask is once again Helen of Troy’s shining star
Lifted by Hydro Flask, sales at Helen of Troy’s Housewares segment jumped by 28.5 percent to $183.2 million in the fiscal third quarter ended on Nov. 30. The better-than-expected results led the group to lift its guidance for the year.
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Outdoor brands and retailers help fight the Australian fire
(SGI) Several companies in the sporting goods industry have been involved in various ways helping to save wildlife and fight the enormous bush fires that have already burned millions of hectares of land in Australia since early September.
