Latest News & Analysis – Page 182
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Norrøna’s growth comes to a halt
Arktis Holding, the group that controls all of Norrøna's operations, suffered a 24 percent decline in profits for 2018, after many years of steady growth. Net income landed last year at 61.6 million Norwegian kroner (€6.18m-$6.84m), while the turnover decreased from NOK 635 million in 2017 to NOK 630 million ...
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Callaway’s sales soar, boosted by Jack Wolfskin
After two consecutive quarters of mixed results, the latest quarter was an improvement for Callaway Golf. The group's net profit for the three months ended June 30 sank by 53 percent from the year-ago period, down to $28.9 million, but this was mainly due to currency headwinds and the impact ...
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Sierra drags down Clarus, BD lays off some production staff
After a costly and difficult move of some of its production of climbing hardware from China to Salt Lake City, Black Diamond Equipment is reportedly considering shifting some of it again offshore - probably to Taiwan rather than back to China because of the U.S. tariff situation.The company is looking ...
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Mixed results for Lafuma
Groupe Lafuma said the structural changes in its markets and customer consumption patterns continued in the first half of 2019 - with a decline in physical store traffic and an increase in online activity - and it has made targeted investments to respond to these changes and improve the customers' ...
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A larger team will run Schöffel
Schöffel is expanding its management team to stimulate its international expansion. The decision was made after the voluntary departure of Günther Herrmann, who had led Schöffel's marketing and sales department since 2018 as well as its product business unit since January. All the three business units that he previously supervised – ...
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Better-than-expected results for Canada Goose
Canada Goose Holdings posted better-than-expected revenues and a smaller-than-expected net loss for its first quarter ended on June 30, thanks to strong demand for its high-end jackets and parkas in Europe and Asia.Revenues jumped by 59.1 percent to $71.1 million Canadian dollars (€48.0m-$53.5m), which was well above analysts' expectations. The company's ...
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Moncler posts double-digit sales and profit growth
In the first half of 2019, Moncler recorded revenues of €570.2 million, an increase of 13 percent at constant exchange rates and of 16 percent at current exchange rates as compared to the corresponding period of 2018. The growth rate accelerated in the second quarter. The net income of €71.3 ...
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Deckers narrows loss, sales up by 10%
Deckers Brands, the parent of Ugg and other footwear brands including the rapidly expanding Hoka One One, managed to reduce its net losses significantly in its first fiscal quarter ended June 30, down to $19.3 million, as compared to $30.4 million for the year-ago quarter. Revenues climbed by 10.5 percent ...
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Tariffs weigh on Johnson Outdoors’ profits
Johnson Outdoors' earnings for its third fiscal quarter, ended on June 28, were hampered by the first round of new tariffs that were imposed by the U.S. on China last September amid the ongoing trade war between the two countries. The company's net income declined by 7.1 percent from the ...
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GoPro is getting closer to breakeven
GoPro's aggressive cost cutting efforts, disciplined expense and inventory management are starting to bear fruits. While the gross margin expanded by 5.5 percentage points to 34.9 percent, the American brand of action cameras managed to narrow its net loss in the second quarter to $11.3 million, down from $37.3 million ...
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Tacx helps Garmin to reach record results
Lifted by its recent acquisition of the Tacx brand of cycling accessories and by gains in running, Garmin's revenues for the second-quarter ended on June 29 reached a record level of $955 million, an increase of 7 percent over the year-ago quarter. The company has raised its outlook for the ...
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Eoca’s Plastic Pledge at OutDoor by Ispo
The European Outdoor Conservation Association (Eoca) said that its Plastic Pledge proved successful at the recent OutDoor by Ispo trade show. The organization launched its Plastic Pledge, which aims to reduce single-use plastic waste at trade shows, just two months before the start of the Munich event, which ran from ...
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No show on Lake Constance in September
Messe Friedrichshafen has decided not to go ahead with the premiere of Outdoor Friedrichshafen, scheduled to take place on Sept. 17-19, 2019, and to postpone the new format. Outdoor Friedrichshafen had presented a new concept this year, featuring greater involvement of brick-and-mortar retailers and a date set for the end ...
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The European outdoor market is flat
The latest State of Trade report by the European Outdoor Group (EOG) indicates that the outdoor market declined by 1 percent in value and by 0.5 percent in volume in 2018 in terms of the sell-in to the trade in the 23 European countries covered by its annual study, resulting ...
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The Polish outdoor market is worth €250 million
At this year's OutDoor by Ispo trade show, the Polish Outdoor Group set up the first official Polish Outdoor Village. Various Polish outdoor brands, including Comodo, Fjord Nansen, Lesovik, Milo, Pajak and Stampol-F, presented their latest product innovations in this section of the show, which was evidently inspired by the ...
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Adidas Outdoor harnesses the internet for sales and relevance
Like its big parent company, Adidas Outdoor is taking many initiatives in the area of digitalization and sustainability, both of which were a focus at the recent OutDoor by Ispo show and the subsequent Ispo Digitize fair in Munich. The recent introduction by this business unit of the Adidas Group ...
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Deuter expects a rebound
Deuter expects its sales to increase by about 6 percent in its new financial year, which will end on June 30, 2020. As indicated in our last issue, the brand did not perform as well in the year ended on June 30, due in part to a change of distribution ...
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Ortlieb starts selective online distribution
Ortlieb, the German company specializing in bicycle panniers and backpacks, started selling online via distribution agreements with pure online retailers in Germany at the beginning of this year.In Austria and Switzerland, the new selective online distribution model will start this autumn. In the U.S., Ortlieb is currently signing contracts with ...
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Pentland keeps growing and growing
The stellar performance of JD Sports Fashion, whose revenues grew by 49.2 percent to £4.72 billion (€5.25bn-$5.88bn) in the financial year ended last Feb. 2, helped its controlling shareholder, Pentland Group, to record an overall increase in revenues of 38.9 percent to £5.1 billion (€5.7bn-$6.4bn) for its financial year ended on ...
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Hydro Flask benefits from new packs
Helen of Troy, the parent company of Hydro Flask, raised its outlook for the current financial year after a strong first quarter ended on May 31. It now expects sales in the range of $1,590 to $1,620 million, which would represent growth of 1.7 percent to 3.6 percent, up from ...
