Latest News & Analysis – Page 204
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Helly Hansen buys Musto
Helly Hansen has agreed to purchase Musto, a British brand of sailing apparel, which will help to reinforce the Norwegian group's business in the sailing category and its presence in the U.K. sailing and outdoor markets.Musto was acquired for an undisclosed sum from Phoenix Equity partners and other shareholders, but ...
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IC Group weighs potential sale of Peak Performance
IC Group, the Danish owner of Peak Performance, is evaluating a potential sale of part or all of the Swedish sports apparel brand, after structural improvements in its business and results in the last years.IC Group says it has engaged Rothschild, the investment bank, as it started a strategic review ...
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Globetrotter is ahead of its turnaround plan
Fenix Outdoor International saw an upswing in its retail business in the third quarter, as Globetrotter's profit margin moved ahead of the plans for its turnaround.The group's outdoor retail operations - Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland - jointly raised their sales by 4.6 percent to ...
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Leedham leaves Berghaus’ helm
Berghaus has announced that Richard Leedham has decided to step down as president after 22 years with the brand, leaving the business in early 2018, but he has agreed to assist in the next few months in the recruitment of a new brand director.Pentland Brands, which owns Berghaus, credited Leedham ...
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Schwan-Stabilo‘s outdoor unit outperforms
The outdoor division of Schwan-Stabilo posted an overall increase of 4.5 percent to €164.2 million in the past financial year, ended in June. Noting that the German outdoor market grew by an estimated 3 percent, the management said that all its outdoor brands – Deuter, Ortovox, Maier Sport and Gonso ...
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Thule continues to improve
The Thule Group reported an increase in net income to 185 million Swedish kronor (€18.9m-$21.9m) for the third quarter, up by 18.5 percent from SEK 156 million in the year-ago period. Continuing a positive trend, sales grew by 6.9 percent to SEK 1,385 million (€141.4m-$164.2m), rising by 8.5 percent on a ...
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Wolverine quantifies its gains from divestitures
Like other companies involved in the outdoor sector, Wolverine Worldwide is trying to maximize margins instead of sales to cope with what it calls “the new normal” of slow growth in the outdoor sector.Announcing the completion of the portfolio management initiatives it had planned for the current financial year, Wolverine ...
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Newell’s sports unit posts a 12.8% Ebit margin
Newell Brands' Play segment, which includes Marmot Mountain and many other outdoor and sports brands inherited from its recent merger with the former Jarden Corporation, generated net sales of $611 million in the third quarter. They were 2.4 percent higher than in the year-ago period, with growth of 2.3 percent ...
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Hydro Flask loses steam
Hydro Flask continues to make progress in overseas markets, particularly in Northern Europe, while building up its distribution in the Asia-Pacific region. However, its parent company, Helen of Troy, reported a strong deceleration in the growth of the American beverage bottle brand in its domestic U.S. market during the second ...
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Apparel drives outdoor division at Amer Sports
A rise in underlying sales of outdoor apparel helped Amer Sports to slightly raise the turnover of its outdoor division for the third quarter, while sluggishness in the American wholesale market led to declining sales in ball sports and a flat turnover in fitness products.The turnover of the Finnish group's ...
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TNF and Timberland grow outside the U.S.
VF Corporation, reported a 3 percent decline in the global sales of The North Face during the third quarter ended Sept. 30. The management attributed this mainly to a shift in the timing of orders, indicating that the brand's total sales were actually up by 3 percent on a ...
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Buoyant European demand for Columbia
Columbia Sportswear has met robust demand in Europe, the Middle East in Africa (EMEA) in the third quarter, with a regional sales increase of 15 percent in constant currencies.The increase has helped the U.S. outdoor company to report a sales increase of 1 percent to $747.4 million for the quarter. ...
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Deckers’ results improve
Following several quarters of mixed results, Deckers Brands posted a solid quarter that topped analysts' expectations. This led the company to raise its full-year outlook. It now expects sales for the year ending March 31, 2018 to go up in a range of one to two percent as compared with ...
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GoPro returns to profitability
Following many quarters of financial losses, GoPro experienced a reversal of fortune, posting a net income of $15 million for the third quarter - a sharp improvement from the net loss of $104 million of the year-ago period – as revenues soared by 37 percent to $330 million.The company said it ...
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Garmin raises outlook following strong outdoor sales
Garmin recorded better-than expected results for the third quarter, driven by its outdoor segment, prompting the company to raise its full-year guidance.Sales rose by 2.9 percent from the year-ago quarter to $743.1 million, above Wall Street's average estimate of $721.2 million. The company said it experienced particularly strong demand for ...
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Rocky Brands posts a mixed quarter
Following a strong first half that marked its return to profitability, Rocky Brands posted a mixed third quarter, with significantly higher profits but lower wholesale revenues. Total revenues fell by 11.7 percent from the year-ago quarter to $64.7million, with each of the company's brands falling below sales targets, due to ...
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Bogs continues to decline
Weyco Group posted a mixed quarter, as sales of its Bogs brand of boots continued to decline. Bogs' sales went down by 4 percent from the year-ago quarter, reflecting the continued softness in the outdoor and better footwear retail channels in the U.S. The management said the brand's sales were ...
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A stimulating EOS in Treviso
Organized by the European Outdoor Group (EOG) in collaboration with Assosport and the Italian Outdoor Group (IOG), the European Outdoor Summit (EOS) attracted 270 delegates in Treviso on Oct. 4 and 5. The EOS will take place next year in the Swedish city of Malmö, which is easily reachable from ...
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Two British outdoor trade shows merge
The British outdoor trade show calendar has been reorganized. The Outdoor Trade Show (OTS) will merge with the Reliable Outdoor Kit Show (ROKS) in 2018, building up to a joint show to be held at Event City in Greater Manchester on July 3-5.It will continue to be called OTS. It ...
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New segmentation at Ispo Munich 2018
Undaunted by the recent partial pullout of Amer Sports from the exhibition floor through its Atomic, Salomon and Armada brands, the management of the Ispo show in Munich is boasting a 15 percent increase in demand for space than at the same time a year ago, and it is responding ...
