Latest News & Analysis – Page 205
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Fenix Outdoor buys Friluftsland
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix Outdoor ...
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JD group’s outdoor stores turn profitable
With the inclusion of the Go Outdoors stores acquired last year and continued progress at Blacks and Millets, the outdoor segment of the JD Sports Fashion group turned around to report an operating profit for the half-year until July 29.Sales of the JD group's outdoor stores surged to £196.6 million ...
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Wolverine sells some military assets
Wolverine Worldwide has sold its factory in Big Rapids, Michigan and some other assets related to its business with the U.S. Department of Defense to a smaller firm, the Original Footwear Company. Wolverine says the divestiture will improve the future viability of the Big Rapids facility because small businesses like ...
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New equipment chief at Salomon
Xavier Le Guen has been appointed as Salomon's vice president of winter sports equipment, after the departure of François Fauroux, who is leaving the company to head up Aqua Lung International, the French group specializing in diving gear.Le Guen was previously vice president of Salomon apparel. He was replaced in ...
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Thule sets higher profit goals
The Thule Group has raised its financial forecast, setting a long-term goal to generate an underlying operating margin (Ebit) of about 20 percent of sales, up from a previous target of 17 percent. It is still projecting, as before, annual organic growth in sales of around 5 percent.The reason for ...
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Thule develops a new modular retail solution
Thule is offering retail stores a modular solution for easier viewing of the company's products, seeing it as a move to strengthen its presence in the retail stores and to facilitate the customers' choice of the products. It is already in use at Thule's own brand store in Malmö, Sweden.The ...
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More support for retailers at OutDoor
Under pressure from the European Outdoor Group (EOG) to improve its act in order to retain the OutDoor fair, Messe Friedrichshafen has announced a “Retail First” initiative for its next edition of the show. Scheduled to take place on June 17-20, 2018, it may be the last one to be ...
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Outdoor and sports brands join forces to tackle micro-particles
The German sporting goods industry association (BSI), the Adidas Group, Polartec and Vaude are taking part in a three-year research project funded by the German federal ministry of education and research, to try and reduce micro-particles shed when textiles made with synthetic fibers are washed.Along with micro-particles from many other ...
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Camping under a minimum of four stars
It's Great Out There, as the European Outdoor Group's campaign wants people to know. When it comes to spending the night in the midst of nature, there are, broadly speaking, two types of people that take to the Great Outdoors. There are those who enjoy the wilderness through the sweat ...
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A.S. Adventure moves into Germany with McTrek
The A.S. Adventure Group is reinforcing its leadership in the European outdoor retail market through the acquisition of McTrek, which expands the group to 256 stores in seven countries and allows it to move into the German market with a sizeable presence.McTrek is a retailer with 39 stores and sales ...
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Globetrotter reinforces management
Globetrotter hired the former manager in charge of operations at Foot Locker Europe in Germany, Johannes Jurecka, to become the German outdoor retailer's chief operating officer from the start of July. Another executive appointment is Matthias Schwarte, who joined from the start of September to become Globetrotter's marketing director.Taking up ...
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Fenix Outdoor heads into promising autumn
Fenix Outdoor International raised its sales across retail and brand operations in the second quarter, and it anticipates a growing turnover in the third quarter after promising autumn sales of its brands.The formally Swiss but Swedish-based group reported a sales rise of 5.2 percent to €117.7 million for the second ...
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Mammut’s strategic plan is well underway
The Mammut Sports Group suffered an operating loss of 9.9 million Swiss francs (€8.7m-$10.4m) on a sales decline of 6.2 percent to CHF 95.1 million for the first half of this year, due to the increased costs incurred for the implementation of a five-year strategic plan started last year.Conzzeta, the Swiss ...
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Good growth for Peak Performance
Peak Performance raised its revenues by 11.9 percent in constant currencies during the fourth quarter of IC Group's financial year, ended June 30, leading to growth of 10.0 percent on a reported basis to 121 million Danish kroner (€16.3m-$19.4m) for the period. The brand generated an operating loss in the seasonally ...
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New Wave keeps growing
The New Wave Group, the Swedish company behind Craft, posted a 12th consecutive quarter of growth, with sales for the three months ended June 30, 2017 jumping by 9 percent to 1,372 million Swedish kronor (€143.8m-$169.1m), or by 5 percent excluding currency fluctuations. Operating profit rose by 10.0 percent over ...
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Wolverine beats forecasts, raises outlook
Wolverine Worldwide has reported net income of $20.7 million for the 13 weeks to July 1 as compared to $24.0 million in the 12 weeks ended on June 16 last year. The extra week, added through a change in the financial calendar, helped the group to improve total revenues by ...
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Organic sales slump for Vista's outdoor brands
Organic sales of the Vista Outdoor group's outdoor products were down by 6.5 percent for the first quarter to July 2, but the turnover of the outdoor division was up by 0.9 percent to $290 million due to the acquisition of Camp Chef. The supplier of cooking utensils added $21 ...
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Vista reassigns distribution roles
Vista Outdoor is restructuring international sales operations for its growing stable of sports and outdoor brands to make them more efficient and profitable and to adapt them to the changing structure of the market at retail and wholesale.Andrew Shand, the former vice president of international sales at Camelbak, will continue ...
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American Outdoor Brands has weak sales
The parent company of Smith & Wesson reported a net loss of $2.16 million for the first quarter ended July 31 against a net profit of $35.2 million in the year-ago period as it continued to suffer from a downturn in the U.S. market for firearms. Heavy promotions and lower ...
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New management changes at Columbia
Columbia Sportswear has appointed Russ Hopcus to be the new president for its Prana brand. The group also reported the departure of Stuart Redsun, senior vice president and chief marketing officer of the group, and said that Joe Boyle, president of the Columbia brand, will also take care marketing for ...
