Latest News & Analysis – Page 209
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McTrek projects double-digit sales growth
McTrek Outdoor Sports is projecting sales of about €58.25 million this year, which would be an increase of 12 percent compared with €51.9 million in 2016. This turnover amounted to a rise of 10.4 percent last year, with two extra stores in the areas of Landshut and Augsburg, which expanded ...
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Columbia reshuffles the top deck
Columbia Sportswear announced yesterday a strategic realignment of its corporate management as part of an ongoing reassessment of its organizational structure, which began in March with the appointment of Joe Vernachio at the head of the struggling Mountain Hardwear brand.Among other changes, Tim Boyle, who has been the chief executive ...
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Bergans expands its international team
Bergans of Norway has hired more managers to pursue the international expansion strategy it mapped out last year, after the arrival of Leif Holst-Liæker as the Norwegian outdoor company's chief executive.The strategy entailed the closure of operations in North America, the U.K, and France, along with a stronger focus on ...
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Smartwool has a new European sales team
Smartwool, a brand of VF Corp., has announced a new European sales team, which will report to Genevieve Peterson, Smartwool's brand & sales director for the EMEA (Europe, Middle East and Africa) region. Dariusz Boniecki has joined the team as senior sales manager, while Manuela Chizzini is the new sales ...
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Salomon invests in footwear technology and road running
Salomon is launching a new, partially automated production technology, called ME:sh, that enables it to make customized running shoes, as the French outdoor and winter sports brand strives to expand from the outdoor and trail running footwear markets to become established in the road running category as well. A play on ...
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Petzl reinforces its international reach
Petzl raised its sales by more than 7 percent to €154 million last year, as it continued to expand its international reach. About 82 percent of the turnover was generated outside France, up by two percentage points compared with the previous year.The French group's international sales have been led since ...
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Mixed sales results for Lowa in 2016
After several years of uninterrupted growth, Lowa‘s revenues declined by 3.3 percent last year to €147 million due to various factors, but the total volume of shoes sold remained more or less constant at 2.5 million pairs, and the management is projecting a resumption of the company's growth for this ...
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Strong results for Canada Goose
Canada Goose posted higher than-expected sales and a smaller-than-expected net loss in its fourth quarter, ended March 31, 2017. The company's share price rose by 15.7 percent after the report, which was the company's first since going public on the stock exchanges of New York and Toronto in March.Net losses ...
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Vista Outdoor hit by organic sales contraction
Vista Outdoor suffered a drop of 23 percent in organic sales of its outdoor brands for the three months to the end of March, the last quarter in its fiscal year. Blamed on the upheavals in the U.S. retail market, the decline affected nearly all product ranges, apart from eyewear ...
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A mega outdoor show is shaping up in Denver
Emerald Expositions, which owns Outdoor Retailer, Interbike and many other trade shows, has completed the acquisition of the SIA Snow Show from the Snow Sports Industries Association (SIA) of the U.S., reportedly for $16.7 million, following approval by the SIA's board of directors.The takeover paves the way for a merger ...
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IC Group adjusts its management structure
IC Group, the Danish owner of Peak Performance, has restructured its management to attribute more responsibility to the chief executives of its three leading brands, after a review that led to a downgrade of the company's forecast for the full year until the end of June.Nicolas Warchalowski, the CEO of ...
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Upgrade lifts sales at Peak Performance
Peak Performance is apparently reaping the benefits of the strategic measures taken over the last two years to upgrade the ski, outdoor and golf apparel brand, with a sales increase of 13.3 percent to 299 million Danish kroner (€40.2m-$44.8m) for the quarter until the end of March, but more discounts and ...
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Deckers’ sales top its own guidance
Deckers Brands posted revenues for the fourth quarter of its fiscal year ended March 31, 2017 that exceeded its own guidance, boosted by the strong performance of Hoka One One and by higher direct-to-consumer (DTC) sales. They dipped by 2.4 percent to $369.5 million, instead of an expected 5.0 to ...
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Another alternative to Ugg, called Mou
Mou is a French word that means “soft.” It is the name of a brand of comfortable, warm, eco-responsible sheepskin boots marketed worldwide by a company in Florence, Artcrafts International, that owns and distributes eight other brands. It doesn't distribute Ugg, but it has been the Italian distributor for another ...
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Generally good prospects for next month’s OutDoor show
Big and small brands are remaining loyal to the OutDoor show in Friedrichshafen, although it is being staged about one month earlier than usual, running from Sunday June 18 to Wednesday June 21. In fact, the total number of exhibitors who have booked space at the fair has risen by ...
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JD’s outdoor business turns profitable
The outdoor division of JD Sports Fashion, comprising Blacks, Millets, Tiso and other outdoor retail operations in the U.K., became profitable in the full year to Jan. 28. While its turnover climbed by 27.6 percent to £198.1 million (€233.7m-$248.1m), the division reported an operating profit before exceptional items of £1.1 ...
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Sports Direct buys U.S. outdoor retailer
Sports Direct International (SDI), the large-scale European retailer that owns Field & Trek along with the Karrimor and Gelert brands, has obtained court approval to take over assets of Eastern Outfitters, a U.S. outdoor and sports retailer that filed for Chapter 11 bankruptcy protection. The U.S. retailer previously had 86 ...
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Blackstone reportedly handing over Jack Wolfskin to lenders
Blackstone, the private equity firm that purchased Jack Wolfskin in a leveraged buy-out of an estimated €650 million in 2011, has reportedly agreed in principle to hand over control of the German outdoor brand to a group of lenders in a debt for equity swap.As previously reported, Blackstone has been ...
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Fenix buys South Korean distributor
Fenix Outdoor International, the company that owns three leading European outdoor retailers along with Fjällräven and several other outdoor brands, has agreed to take a stake of 75 percent in Alpen International, its distributor in South Korea.Fenix says the takeover will be made through a share issue, which is meant ...
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Tecnica is due to get a new financial boost
Confirming press reports, the Tecnica Group says that an Italian investment fund, Italmobiliare, is in due diligence proceedings for the acquisition of a minority stake in the company. The transaction should be closed in the summer. The Zanatta family will remain in control of the group, whose brands include Blizzard, ...
