Latest News & Analysis – Page 178
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A concept development agency that’s also a community hub
Staying connected with outdoor enthusiasts to understand their needs is key to the development of sought-after products. This idea of connection has inspired the business model pursued by All Triangles, a brand-strategy consultancy that opened its doors just last month in the French outdoor hub of Annecy and helps brands ...
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Lafuma is selling Eider
Lafuma has received a binding acquisition offer for its Eider brand from K2, the South Korean technical outdoor company. K2, which is not related to the American ski brand by the same name, is already the licensed distributor of the Eider brand for the important market of South Korea.
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The South Korean market is down by 5%
The takeover of Eider by K2, one of the major local brands of outdoor clothing, is seen as a sign of consolidation in a major market for outdoor products – estimated to be the second-biggest in the world a few years ago – that has continued to decline this year. ...
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ArticleManagement changes at Haglöfs and its parent
Carsten Unbehaun, the German-born executive who became the chief executive of Haglöfs at the beginning of 2018 (Compass Vol. 10 N° 19 of Oct. 3, 2017), replacing Peter Fabrin, returned to the European subsidiary of the brand’s Japanese parent company, Asics Corp., as its new chief executive on Nov. 20. ...
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VF reshuffles EMEA functions
In a reshuffle of roles at VF Corporation's Swiss headquarters for Europe, the Middle East, and Africa (EMEA), the group has installed Mariano Alonso as the new managing director of Timberland for the region, effective from Nov. 1. He succeeds Timo Schmidt-Eisenhart, who will become the president of the group's ...
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The North Face and Vans drive VF’s results
Despite strong earnings and robust sales, VF Corp. posted results in the latest quarter that missed Wall Street's expectations. Total sales improved by 5 percent to $3,393 million for the company's second fiscal quarter ended on Sept. 30, or by 7 percent in constant currencies. Adjusted to exclude the spin-off ...
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Another set of record results for Columbia
Columbia Sportswear is having a vintage year, scoring record results for the past two quarters. Revenues rose by 14 percent in the third quarter ended on Sept. 30 to $906.8 million, while net income improved by 19 percent to $119.3 million – both all-time records for the group. The ...
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Columbia’s “tough mother” has passed away
Gertrude “Gert” Boyle died on Nov. 3 at the age of 95. This iconic figure of the international outdoor industry, who has been often referred to, in effective advertising and elsewhere, as “one tough mother,” was the chairwoman of Columbia Sportswear.With her death, the company's chairmanship will pass temporarily ...
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Schwan-Stabilo’s outdoor group is flattish
Continued double-digit growth at Ortovox and a slight increase at Gonso were insufficient to compensate for sales declines at Deuter and Maier Sports during the financial year ended on June 30. As a result, the Outdoor division of the Schwan-Stabilo group saw its total revenues fall slightly by 0.6 percent ...
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Canada Goose benefits from earlier shipments
Canada Goose Holdings saw revenues for its second fiscal quarter ended on Sept. 29 jump by 27.7 percent from the year-ago quarter to 294.0 million Canadian dollars (€201.1m-$222.4m), or by 28.3 percent on a constant currency basis. However, it said that part of the growth was due to orders for ...
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Moncler’s sales grow despite Hong Kong riots
Moncler posted consolidated revenues of €995.3 million in the first nine months of the year, representing a 14 percent increase at current exchange rates versus the same period in 2018. At constant exchange rates, the increase was 12 percent. The double-digit revenue growth continued through the third quarter, with sales ...
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Down is more sustainable than alternatives, a study shows
A recent Life Cycle Assessment (LCA) that studied the environmental impact of down versus polyester fill material found that natural down in jackets, sleeping bags and bedspreads has 18 times less of an impact on climate change than polyester fill. The LCA was commissioned by the International Down and Feather ...
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Callaway works on new multi-brand synergies
In commenting on its excellent results for the third quarter ended on Sept. 30, Callaway Golf Co.'s management said it is investing in IT upgrades to support omni-channel solutions for all the group's brands and better infrastructures to support their international distribution.It will be converting Jack Wolfskin's German logistics ...
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Good results for Wolverine’s main brands
Wolverine Worldwide's three biggest brands – Merrell, Sperry and Saucony – posted a combined 11.5 percent increase in constant currencies during the third quarter ended on Sept. 28. Revenues rose by only 2.8 percent to $574.3 million across the group's entire portfolio of 12 footwear brands, with growth of ...
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Bonvita restructures
In an effort to reduce complexity and increase its focus, Bonvita has undergone some organizational changes in the past year. The Danish company is the distributor of Merrell shoes in Denmark and Wolverine boots in the Nordic countries. It also own two local brands of men's comfort shoes, Ambré and ...
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Deckers raises guidance on Hoka’s strength
Deckers Brands, the parent of Ugg and other footwear brands, saw its net income progress by 5.0 percent to $77.8 million in its second fiscal quarter, ended on Sept. 30. Revenues rose by 8.0 percent to $542.2 million, or by 9.5 percent constant currencies, driven by gains at Ugg ...
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China tariffs affect Thule
The additional 15 percent duties imposed by the U.S. in July on a variety of products coming from China have led several U.S. retailers to reduce their inventories and to some extent resulted in higher prices that have impacted consumer spending, said the Thule Group to explain a 2.0 percent ...
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Black Diamond drives Clarus’ results
Clarus Corp., the parent company of Black Diamond and other brands, had mixed results in the third quarter, with net income dropping by 14.3 percent to $3.5 million on 8.0 percent higher sales of $60.2 million. The gross margin was down by 1.6 percentage points to 34.1 percent, ...
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Outdoor and Fitness lift Garmin’s results
Garmin's revenues for the quarter ended on Sept. 30 reached a record level of $934 million, an increase of 15 percent over the quarter a year ago. The company has raised its outlook for the full-year as a result.In the fitness division, Garmin's sales climbed by 28 percent to ...
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New contributions by Salomon, Patagonia and others to a circular economy
Product designers at Salomon have spent more than 18 months working on a running shoe that can be fully recycled for the production of other equipment at the end of its life. The result – presented at the opening of the Salomon Experience Store in Munich in early November – ...
