Latest News & Analysis – Page 185
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Jack Wolfskin weighs on Callaway’s profits
After a difficult fourth quarter, which was due essentially to a temporary lack of new products, Callaway Golf posted mixed results for the first three months of this year.Net income tumbled by 23 percent from the year-ago quarter to $48.6 million, although sales jumped by 28 percent to $516.2 million, ...
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Johnson Outdoors’ fishing segment recovers
After an 11 percent decline in the first quarter, Johnson Outdoors' sales of fishing equipment bounced back in the second fiscal quarter ended March 29, lifting the company's overall sales to $177.7 million – a 7 percent increase from the same quarter in 2018. The management said the increase reflected ...
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GoPro improves outlook after strong quarter
Revenues for GoPro in the first quarter jumped by 20 percent from the year-ago quarter to $242.7 million, and the company's net loss narrowed by 68 percent to $24.3 million. The gross margin soared by 11 percentage points to 33 percent.The management attributed the improved results to strong global demand ...
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Garmin performs better in outdoor than fitness
A drop of 7.8 percentage points in the gross margin to 50.4 percent in Garmin's fitness segment resulted in operating income being reduced by nearly a half to $18.1 million in the first quarter, although revenues surged by 9 percent to $180.2 million. The company blamed the contraction on lower ...
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Eoca funding reaches €3 million
The European Outdoor Conservation Association (Eoca) has announced that it has reached a new milestone in funding €3 million in conservation projects, following a new funding round. As a result of a public vote and the members' private vote, six new conservation projects were selected for the association to support, ...
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Houdini launches a Regenerative Lifestyle Initiative
Houdini has announced a new initiative to help reduce the use of material resources and safeguard nature, following the alarming report by the United Nations which estimates that 1,000,000 species are threatened with extinction. The Regenerative Lifestyle Initiative aims to modify lifestyles and reduce their impact on planet earth. The ...
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Trekkinn at the summit of Tradeinn’s web positioning
According to Alexa.com, the online metrics company run by Amazon, Trekkinn has the best online positioning worldwide of any of Tradeinn's various websites in terms of customer traffic. The Tradeinn group, based in Spain, operates 15 e-commerce platforms, all of whose names borrow a syllable or two from a different ...
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Pentland’s CSR report focuses on UN goals
Pentland Group has released its Corporate Responsibility Review for 2018. Pentland is the parent company of Speedo, Ellesse, Berghaus, and other brands, as well as the majority shareholder in JD Sports Fashion, which owns numerous outdoor retail chains including Go Outdoor, Blacks and Millets.Pentland notes that it has been a ...
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A.S. Adventure wants to stop losing money in the U.K.
Outdoor & Cycle Concepts (O&CC), the U.K. subsidiary of the international outdoor retailing group based in Belgium, has enlisted an insolvency practitioner to help renegotiate the leases of 50 out of its 115 stores in the country, which operate under the banners Cotswold Outdoor, Snow + Rock, Cycle Surgery and ...
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JD’s outdoor segment records a loss
The Outdoor segment of the big JD Sports Fashion retail group showed a drop in the gross margin of 1.0 percentage points to 42.5 percent and a decline in Ebitda to £10.0 million (€11.6m-$13.1m) from £23.0 million for the financial year ended on Feb. 2. After amortization and depreciation, the ...
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JD Sports Fashion reports record results overall, however
The acquisition of The Finish Line in the U.S. and Sport Zone in Iberia helped JD Sports Fashion to book a strong 49.2 percent increase in total revenues to £4,717.8 million (€5,454.2m-$6,171.5m) for the financial year ended on Feb. 2, compared with £3,161.4 million in the previous year. Finish Line ...
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Globetrotter opens more small stores
Globetrotter has just opened a new 1,000-square-meter shop in the city center of Regensburg which is intended to offer customers unique shopping experiences, based on a new urban concept that calls for fewer square meters, excellent accessibility, personal and customer-oriented advice and special offers that make the store an ideal ...
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Globetrotter works with Bergans, broadens its “testival”
While Globetrotter's expansion is in full swing with the opening of smaller city stores, five of the already existing German branches are teaming up with Bergans of Norway as part of a sales and marketing campaign called “Best in Class.” The campaign is designed to bring both Norway and Norwegian ...
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Bergfreunde.de profits from channel shift
Bergfreunde.de, the German outdoor retail specialist, is planning to break the €100 million sales mark this year with an increase of between 22 to 28 percent.This sister company of Backcountry.com, which is the largest online retailer of premium outdoor sports gear and apparel in the U.S., raised its revenues by ...
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Montane will evaluate strategic options
The British brand, known for its highly functional and lightweight clothing for climbing and mountain walking and running, has reached a stage of development where its shareholders are evaluating new ways to deploy its cash resources, or alternatively the opportunity of cashing out, partially or totally.They would capitalize on an ...
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Tenson will boost its footwear range under new management
Tomas Solin, a 52-year-old manager who raised the turnover of Salming Sports from 4 million Swedish kronor to about SEK 200 million (€18.9m-$21.1m) in the 12 years spent under his leadership, has become the new chief executive of Tenson, the Swedish brand of outdoor and snow sports apparel.At Tenson, Solin replaces ...
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Berghaus launches a “Sprint Team” to boost innovation
Berghaus says it is doubling the size of its product and innovation team in order to support the brand's long-term growth strategy. The investment will include the creation of a new “Sprint Team,” which will bring certain lines to the market quicker as compared to the standard process, working more ...
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Columbia reports on a strong first quarter
Columbia Sportswear reported a jump in net earnings of 64 percent to $74.2 million for the first quarter of this year as revenues grew by 8 percent to $654.6 million, rising by 10 percent in local currencies. While the wholesale segment improved by 4 percent to $363.2 million, direct-to-consumer revenues ...
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Thule grows by 7.5%, but margins are down
The Thule Group reported on a good start of the year, with a currency-neutral sales increase of 7.5 percent in the first quarter. While sales declined by 0.7 percent in the Americas in terms of local currencies, Europe and the rest of the world continued to lead the charge with ...
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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, while the wholesale business posted a solid gain. The gross margin and profits also improved.The ...
