Latest News & Analysis – Page 184
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American Outdoor Brands’ profits soar
The parent company of Smith & Wesson and other operations saw its net income jump by 28 percent to $9.8 million in its fourth fiscal quarter ended on April 30, on sales that were up by 2.2 percent to $175.7 million. The gross margin expanded by 2.7 percentage points during ...
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Canada Goose begins to slow down
Canada Goose Holdings reported a 53 percent increase in net income to 144.3 million Canadian dollars (€95.5m-$107.5m) for the financial year ended on March 31. The company's operating margin (Ebit) improved by 0.3 percentage points to to 23.7 percent, while revenues jumped by 40.5 percent to C$ 830.5 million (€549.8m-$618.7m).Revenue from ...
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Moncler posts a double-digit revenue increase
Moncler saw consolidated revenues increase by 14 percent to €378.5 million in the first quarter, despite a highly challenging comparison against the first quarter of 2018, when sales grew by 19 percent. At constant exchange rates, consolidated revenues increased by 11 percent versus last year's first quarter. The growth was ...
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Rocky Brands off to a good start
Thanks to the implementation of several measures to cut cost and boost growth - including the update of its manufacturing capabilities in 2017 - Rocky Brands' retail sales recorded double-digit growth during the first quarter of 2019, while the wholesale business posted a solid gain. The gross margin and profits ...
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Pentland’s CSR report focuses on UN sustainability goals
Pentland Group has released its Corporate Responsibility Review for 2018. Pentland Group is the parent company of Speedo, Ellesse, Berghaus and other brands, as well as the majority shareholder in JD Sports Fashion. Pentland Group has been a signatory to the UN Global Compact since 2001, and supports the UN ...
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IPSOS surveys the attractions of outdoor sports in Europe
Outdoor Sports Valley, the French association based in Annecy that brings together companies in the outdoor sports industry, has published the results of a survey on participation in outdoor sports activities in Europe. The report highlights the disparities in practice between the five major European countries, as well as the ...
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Ispo sees key drivers in athletes’ purchasing decisions
Ispo has interviewed athletes in a Europe-wide study to understand what ultimately drives their purchasing decisions when they look for new sports equipment. The study found that recreational athletes keep track of product awards, pay attention to the durability of the products, and are particularly active online.The vast majority of ...
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Buff organizes Plogging as part of the OutDays
In the framework of the OutDoor by Ispo show, taking place in Munich from June 30 to July 3, Buff, the Spanish headwear company, is organizing together with partners from the sporting goods industry a special jogging event in which people will also collect rubbish while they run.Erik Ahlström, the ...
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An early-bird rate for the EOS in Switzerland
Registration is now open for the 2019 edition of the European Outdoor Summit (EOS), to be held at the Congress Centre Kursaal of Interlaken, in Switzerland, on Sept. 26-27. This year, and for the first time, there is a special incentive to register quickly, as the EOS is offering a ...
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Ispo partners with Adventure Travel Trade Association
The Adventure Travel Trade Association (ATTA) entered a partnership with Ispo last February, leading to new joint initiatives around the new OutDoor by Ispo show. Founded in 1990, ATTA is a global organization with more than 1,300 members in over 100 countries, including national and regional tourism boards, tour operators, ...
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A challenging quarter for Fenix
The Fenix Outdoor International group has reported a 10.4 percent decline in its operating profit for the first quarter of 2019, down to €19.3 million. The drop was attributed, in part, to further delays in implementing a new IT system at Globetrotter, which caused fresh cost overruns, and to other ...
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Helly Hansen reports strong growth
Canadian Tire Corporation (CTC) is already starting to get a return on the huge investment it made to complete the acquisition of Helly Hansen last July, although the synergies will only start to filter through toward the end of this year, according to Paul Stoneham, the chief executive of the ...
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VF looks for bigger acquisitions after a weak quarter
VF Corporation is looking for bigger prey in its remaining Outdoor, Active and Work segments after its recent takeover of Icebreaker and Altra, which are said to be performing well while being integrated into the group's global supply chain and its sales organization. Evidently, with an adjusted cash flow of ...
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The Ternua Group enters the fashion sector
After six months of negotiations, the Ternua Group, the producer of sports and outdoor apparel headquartered in Spain's Basque country, has announced its acquisition of Loreak, a premium Spanish fashion brand previously known as Loreak Mendian. Like Ternua, it is based in the Gipuzkoa region of Spain, and like Ternua, ...
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Descente makes a writeoff for Inov-8
Descente, the Japanese group that has owned a majority stake in Inov-8 since 2015, faced another impairment charge for its fiscal year ended March 31, 2019, due to the British footwear brand's poor results.The group saw its overall sales inch up by 0.9 percent to 142,443 million yen (€1.1bn-$1.3bn) for ...
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Haglöfs is improving
Japanese companies like investing in the outdoor sector, but the results have not been consistently brilliant. Haglöfs has been struggling somewhat since it was taken over by Asics Corporation in 2010, and Asics reported that Haglöfs' losses grew slightly to ¥260 million (€2.1m-$2.4m) in 2018, resulting in an ongoing negative ...
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New investors for Polygiene
Håkan Lagerberg, chief executive of Swedencare, has become the biggest investor in Polygiene, the Swedish odor control company, with a stake of 7 percent. He and two other smaller investors have acquired shares in the company, which is still aiming for annual growth of between 20 and 30 percent in ...
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Hoka One One grows strongly in Europe
Hoka One One continues to run fast. Deckers Brands, which bought Hoka in 2013, reported a 33 percent increase to $67.1 million for the brand's sales in the fourth quarter of its fiscal year, ended on March 31, driven by international sales. Its sales outside the U.S. went up by ...
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Wolverine invests more outside the U.S.
After its agreement with Xtep International for the distribution of Saucony as well as Merrell in China, Wolverine Worldwide has taken a further important step in its international development with the acquisition of Saucony's former Italian distributor, Sportlab. The group has allocated extra investments of $40 million this year for ...
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Clarus posts record sales
Clarus Corp.'s momentum in 2018 continued into the first quarter of 2019, with sales growth across every brand, category, geography and channel. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income soar to $3.8 million for the three months ended on March 31, compared with ...
