Latest News & Analysis – Page 190
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Arne Strate will be the EOG’s secretary general
The European outdoor industry will have to wait until the Ispo Munich show to find out who will be the new president of the European Outdoor Group (EOG), taking the place of John Jansen after two rather successful mandates. However, we now know who will be its new general secretary, ...
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The EOG condemns racism and intolerance
The European Outdoor Group (EOG) has issued a strong public statement against these and other extremist tendencies, pointing out that humanity, diversity, tolerance and mutual respect are part of the DNA of the outdoor sector.Mentioning recent events in Germany, where some outdoor companies have been attacked on social media for ...
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Callaway buys the Paw
In a way widening the definition of the “outdoor market,” the world's leading golf equipment company, Callaway Golf, has announced an agreement to take over Jack Wolfskin, one of the leading European brands of outdoor apparel and accessories. Callaway is paying €418 million for the Paw (the company's nickname based ...
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The tender offer for Amer has begun
A consortium of investors led by Anta Sports Products, China's largest sporting goods company, commenced a public cash tender offer for all the shares of Amer Sports on Dec. 20, following the approval of their bid by Amer's board of directors and. unanimously recommending that its shareholders should accept ...
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Outnorth merges with Fjellsport
Two strong Nordic e-commerce players, Fjellsport from Norway and Outnorth from Sweden, are merging. Both Fjellsport and Outnorth are leaders in their respective local markets, and the merger is expected to drive further consolidation of their position in the outdoor segment, although Outnorth has a wider range of products.Fjellsport and ...
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JD moves into fishing, boosts Go Outdoors
Confirming a report in Angling International, the JD Sports Fashion group said it is taking over Fishing Republic, a chain of 14 fishing tackle stores in the U.K. The management pointed out, however, that the group has only acquired the trade and assets from the administrators of the chain, which ...
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SDI’s sports operations show better margins
The U.K. sports retail segment, which remains the core of Sports Direct International's businesses, showed a sales decline of 0.2 percent to £1,140.2 million (€1,267.9m-$1,437.0m) in the first half of its financial year, ended Oct. 28. The management attributed most of the drop to store closures implemented “as part of the ...
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Globetrotter will open five smaller stores
Globetrotter plans to open five relatively small stores of around 1,000 square meters in Germany in 2019, according to a big article in the Textilwirtschaft magazine based on an interview with Johannes Jurecka. A former manager in charge of operations at Foot Locker Europe in Germany, Jurecka became Globetrotter's chief ...
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Fenix blames the weather for weaker retail sales
For the third quarter ended on Sept. 30, Globetrotter's parent company, Fenix Outdoor International, booked increases of 5.7 percent in total revenues to €181.8 million and 5.5 percent in operating profit to €43.8 million, leading to a net profit of €35.6 million for the quarter, up from €30.5 million in ...
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Bradshaw Taylor distributes Tentree in Europe
Bradshaw Taylor, the British distributor of important brands like Black Diamond, Icebreaker, Keen and Schöffel, wants to preserve a European footprint. After losing the European distribution of Royal Robbins, which has been acquired by the Fenix Outdoor group, it has signed a contract for the European distribution of Tentree, a ...
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Dakine finds new brand owners
Marquee Brands, a brand management company whose portfolio includes names such as Bruno Magli, Ben Sherman and Body Glove, has acquired the Dakine brand and the related intellectual property. It has also entered into a long-term license agreement with JR286, a product design company based in California that has acquired ...
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Thule Group acquires Tepui Outdoors
Thule Group has announced the acquisition of Tepui Outdoors, a U.S. company specializing in rooftop tents for car camping, for a total purchase price of $9.5 million, plus a potential earnout of $1.75 million based revenue performance in the next two years. Tepui Outdoors has around 20 employees and expected ...
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Béal hires an experienced manager
After working for Singing Rock for the past 12 years, Guilherme Toto Settanni joined Béal last month in the new position of brand manager. While focusing on sales development, he will be helping the president of the French rope manufacturer, Michel Béal, and his two sons, Philippe and Frédéric, to ...
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Schwan-Stabilo’s outdoor unit records growth
The outdoor division of Schwan-Stabilo posted an overall increase of 3.1 percent to €169.3 million for its most recent financial year, ended on June 30. Noting that the German group's overall sales decreased by 4 percent to €685.4 million in the company's 2017/18 business year, the management said that all ...
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Hi-Tec’s parent turns around
Cherokee Global Brands (CGB), the American owner of Hi-Tec, Tony Hawk and other brands, is shedding its previous losses as it is transitions the Tony Hawk, Cherokee, and the Liz Lange brands from a direct-to-retail model to wholesale licensing partners, as it has already done with Hi-Tec.This comes after the ...
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A record year for Johnson Outdoors
Thanks to strong demand for new products, Johnson Outdoors posted all-time high revenues and earnings for its fiscal year ended Sept. 28, in spite of a weak fourth quarter. In particular, the company said it recorded unprecedented growth in its flagship fishing and diving segments, which it attributed to a ...
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Yeti’s shares plunge on weak cooler sales
Yeti Holdings's shares tumbled by 15 percent after it published its first quarterly earnings as a public company. While the earnings beat analysts' expectations, investors were disappointed by weak sales in Yeti's cooler/equipment segment.Yeti's price on the New York Stock Exchange has gone down to less than $14. This comes ...
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Russian retailer will make its own outdoor shoes
A major Russian shoe retailer, Obuv Rossii, is expanding the range of its private S-TEP brand by adding a line of outdoor shoes made at its own facilities, the company said in a statement on its website on Dec. 3, but it is not clear at this stage when the ...
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Russia wants to boost the outdoor industry
Russia's State Duma, the lower chamber of the Russian Parliament, has proposed the establishment of a federal system of camping sites in order to support the outdoor sector and the outdoor industry in the country.Natalya Kuvshinova, a member of the State Duma's sport and tourism committee, explained that better infrastructures ...
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Seven young firms receive OSV’s sponsorship
Outdoor Sports Valley (OSV), the French trade association of outdoor and winter sports companies, has unveiled the names of seven young companies that will receive its sponsorship in 2019. They are:- Hästko, a producer of technical underwear for riders;- MeroMero, a producer of durable, modular products for active parents and ...
