Latest News & Analysis – Page 180
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The EOS goes full circle as boundaries are redefined
The outdoor market as a whole is growing more slowly than before, as the latest statistics by NPD and the European Outdoor Group (EOG) have shown. For the players in the market, external growth in other categories is one way of coping with the situation, as indicated by Kathmandu's acquisition ...
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Kathmandu takes over Rip Curl
Nearly doubling in size, Kathmandu Holdings of New Zealand announced a binding agreement for the acquisition of Rip Curl. Contributing to the consolidation of the action sports market, which took a big step in the spring of last year with the merger between Billabong's and Quiksilver's brands into Boardriders, the ...
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Improving Kathmandu sees other synergies with Rip Curl
Investors have responded positively to the news on Oct. 1 of Rip Curl's takeover, raising Kathmandu Holdings' stock market capitalization by 5 percent to more than 830 million New Zealand dollars (€472.3m-$521.1m) after a temporary suspension of trading. Like the much bigger VF Corporation, Kathmandu now has one leg in ...
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VF unveils new strategic plan and financial outlook
VF Corporation held a meeting on Sept. 25 with investors and analysts in Beaver Creek, Colorado, to provide an update to the company’s strategic growth plan. It used the opportunity to introduce a new corporate logo for the first time in 21 years, accompanied by a telling new tagline: “Purpose ...
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VF wants Timberland to grow again, enlarging its target
Executives of VF Corp. have admitted that Timberland failed to live up to expectations in the last few years, growing at a very slow place, largely due to a slowdown in sales of iconic styles like the Yellow Boot and the rising popularity of athletic-inspired sneakers. VF had projected a ...
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VF’s investments and growth in Europe will vary from one country to another
VF is forecasting higher sales growth in the GAS (Germany, Austria, Switzerland) area over the next five years than in the other major markets in the Europe, Middle East and Africa (EMEA) region. At the global Investor Day held on Sept. 25 in Beaver Creek, Colorado, VF projected a compound ...
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More on VF’s Outdoor segment
All in all, VF's Outdoor segment is expected to grow at an average annual level of 7 to 8 percent, representing 41 percent of VF's sales by 2024, compared with 46 percent for the “Active” segment, led by Vans, and 13 percent for the Work segment, led by Dickies.Summing up ...
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A new deal for Dakine in Europe
The brand's best distributor in Europe, Bucher + Walt of Switzerland, has acquired Dakine Europe, the subsidiary of the American brand based in Annecy. Branching out of its national territory for the first time, it will be responsible for about one-third of Dakine's total turnover, estimated at nearly $100 million ...
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Hi-Tec’s parent reduces its losses
Apex Global Brands, the American licensing firm previously called Cherokee Global Brands, reported a net loss from continuing operations of $1,267,000 for the second quarter ended on Aug. 3, down sharply from a loss of $9,053,000 for the year-ago period that stemmed in part from restructuring charges of $5.3 million, ...
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Hydro Flask boosts Helen of Troy’s results
The houseware segment, which includes Hydro Flask, was the engine of growth in the latest quarter for Helen of Troy, which owns this brand of drinkware among other properties. Sales in this division for the second fiscal quarter ended on Aug. 31 rocketed by 22.1 percent to $167.8 million.The management ...
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Patagonia wants to be “carbon positive”
Patagonia wants to be better than just carbon neutral. Its real aim is to become “carbon positive,” as it said in a blog post dated Sept. 18, meaning that it aims to take more carbon out of the atmosphere than it puts in, even when the company grows. “Carbon neutral” ...
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Bergans tests a spider-like fiber by Spinnova
Bergans of Norway hopes to produce items more sustainably by entering into a production partnership with a new Finnish weaving technology specialist, Spinnova, which has just gone through a refinancing round.Spinnova uses a mechanical process rather than a chemical one to obtain cellulose fibers from wood, straw and waste products, ...
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Spiders have led to Biosteel, too
Spinnova, the Finnish textile fiber start-up that is partnering with Bergans of Norway (see the previous article in this issue) is not the only company that, in developing its innovative textile spinning process, has been inspired by the natural way in which spiders extrude their web.A German company founded in ...
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Eoca invites the public to vote for conservation projects
The European Outdoor Conservation Association (Eoca) will be granting €180,000 to conservation projects this autumn and, as before, it is calling on everyone to help choose projects to receive the funds.This year, the organization received 70 funding applications, and they were discussed this summer with Eoca's scientific adviser. The process ...
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Öko-Test criticizes the T-shirts of some brands
H&M and Jack Wolfskin have received the top grade in a recent study published by Öko-Test, a German magazine, for its outdoor T-shirts made of recycled plastic. The tested T-shirt from Pyua was rated “good,” while those from Fjällräven, Houdini, Norrøna, Patagonia and Vaude were rated worst.The recycled plastic of ...
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New campsites in Russia
The Russian authorities are aiming to establish several clusters of camping sites across the country to develop the outdoor sector. Up to 21 new campsites will be created in Crimea alone in the coming few years, according to Vadim Volchenko, the region's Minister of Tourism.All the projects are due to ...
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Companies close their stores on global Climate Strike Day
Haglöfs decided to shut down its stores on the occasion of a global climate strike on Sept. 20 to allow its staff to take part in the movement. The decision affected the four European stores of the Swedish outdoor company, located in Stockholm, Gothenburg, Åre and Oslo. The company has ...
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ATTA members are working with outdoor suppliers more intensely
About 20 suppliers of outdoor equipment, footwear and apparel participated in the Adventure Travel World Summit (ATWS) organized by the Adventure Travel Trade Association (ATTA) in the Swedish city of Gothenburg on Sept. 16-19. With the cooperation of Ispo, ten of them exhibited their products for the first time during ...
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Italy’s Sport Alliance invests in the outdoor sector
Following the lead of Sport 2000 Germany, which has many specialty outdoor retail members belonging to its Outdoor Profis division, Sport Alliance, the Italian licensee of Sport 2000 International, has set up three “sub-buying groups” for outdoor & ski, running and cycling as part of a new category management program. ...
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Globetrotter changes logo but is not out of the woods
As of this month, Globetrotter is sporting a new corporate design to better reflect its connection with the three Scandinavian outdoor retail chains that belong to the Fenix Outdoor group – Naturkompaniet in Sweden, Partioaitta in Finland and Friluftsland in Denmark. A previous earthy red has been replaced by green, ...
