Latest News & Analysis – Page 210
-
Article
Change in CEO at Icebreaker
Greg Smith, who is heading up Icebreaker in Australia and New Zealand, is taking over as chief executive of the merino outdoor apparel specialist from the start of June. He will succeed Rob Fyfe, who owns a minority stake of 5 percent in the company and held the job for ...
-
Article
Deckers explores a possible sale
Bowing to pressure from some of its shareholders, the board of directors of Deckers Brands announced that it was exploring strategic alternatives, including a possible sale of the company. It has retained Moelis & Company as financial advisor and a legal counsel to assist in the process.The announcement was made ...
-
Article
Bearpaw is targeting the European market
Another American brand of cold-weather, waterproof sheepskin boots, Bearpaw, is trying to take advantage of Ugg's weakness to expand its position as a lower-priced alternative in all the sales channels. Claiming that its shoes are of comparable quality or better for a lower price and better margins, it is making ...
-
Article
Good first quarter for Black Diamond
The new year started well for Black Diamond. Sales were up by 9 percent in dollars and local currencies for the first quarter, reaching a level of $41.6 million, with growth in each of the company's main product categories: climb, mountain and ski. Strong sales were recorded for carabiners, protection, ...
-
Article
More hires at BD
We have already reported in our last issue about several new executives and officials who have joined the company. John Walbrecht, the new president of Black Diamond Equipment, has continued to recruit new managers, as part of a plan “to invest in the people necessary to support our global platform” ...
-
Article
Merrell is gaining momentum
Wolverine Worldwide reported better-than-expected sales and profits for the first quarter ended April 1, due in part to an accelerated program of store closures and the liquidation of $20 million worth of related inventories. Besides 104 underperforming stores shut down during the quarter, an additional 76 stores were closed in ...
-
Article
Columbia is pushed up by international sales
Due to the unstable situation in the U.S. retail market, Columbia Sportswear has slightly downgraded its guidance for the full year. It predicts that sales will gain 3 percent, compared with an earlier forecast of 4 percent, with a lower U.S. wholesale turnover and 1 point of currency headwinds. The ...
-
Article
The North Face thrives in Europe
The North Face has been thriving in Europe, the Middle East and Africa (EMEA) in the first quarter, leading to sales growth of 19 percent in constant currencies. But its owner, VF Corporation, was impacted by sluggish sales for Timberland and its jeans brands in a weak U.S. market.The North ...
-
Article
U.S. retail weakness reduces Amer’s footwear growth
The upheavals in the U.S. retail market adversely affected footwear sales of the Amer Sports group in the first quarter. After a small dip in the last quarter of 2016, they moved up by just 3 percent to €156.6 million in the first three months of this year, amounting to ...
-
Article
Better margins for the former Jarden
The integration of the former Jarden Corp., higher input costs and adverse foreign currencies negatively affected margins during the first quarter at Newell Brands, the company that came out of Rubbermaid's merger with Jarden.Offsetting the benefits of synergies and productivity gains, these factors caused a decline of 4.1 percentage points ...
-
Article
Garmin’s profits beat forecasts
Garmin posted earnings for the first quarter that topped analysts' forecasts, rising by 7.0 percent to $99 million. The revenues of this supplier of tracking and GPS navigation devices inched up by 2.0 percent to $639 million, driven by the outdoor, marine and aviation segments, but offset this time by ...
-
Article
Double-digit growth for Johnson Outdoors
Johnson Outdoors reported sales of $149.8 million for the fiscal second quarter ended March 31, which represented a 12 percent increase versus the same quarter a year ago. However, sales in the camping segment registered a 2 percent decrease to $11.4 million, which the company attributed to the restructuring of ...
-
Article
Strong growth for Thule
Thule Group reported a 20 percent increase in net income to 203 million Swedish kronor (€21.0m-$22.9m) for the first quarter of 2017 on a 15.9 percent sales increase to SEK 1,599 million (€165.7m-$180.6m). Currency-adjusted, the quarterly sales rose by 12.3 percent and led to an improvement in the underlying operating ...
-
Article
Hydro Flask grows by 7.6% in Q4
Hydro Flask raised its sales by 7.6 percent in the fourth quarter ended Feb. 28, said its new parent company, Helen of Troy, offsetting declines in the core business of its drinkware division. It also made a positive contribution to its gross margin, and it delivered a strong operating profit.Higher ...
-
Article
Bogs weighs down on Weyco's results
Weyco Group posted another disappointing quarter, as sales of its Bogs brand of boots continued to decline. Bogs' sales went down by 21.0 percent, reflecting the continued softness in the outdoor and better footwear channels.Weyco said the brand's sales were impacted by unseasonably warm weather and a lack of precipitation. ...
-
Article
Moncler posts double-digit sales growth, despite a challenging base for comparison
Moncler reported a 16 percent revenue increase at current exchange rates in the first quarter, with consolidated revenues of €276.2 million in the period, driven by sales in Europe. Tourism to the continent fueled the brand's sales, from China but also Korea and Taiwan, the company said. At constant exchange ...
-
Article
Volatility in down prices
Prices for natural down have gone up recently, due to various factors. While admitting that it is always possible that prices may decline after booking, Allied Feathers & Down is recommending earlier planning for down usage to promote greater pricing stability and a fixed price guarantee for the entire season.The ...
-
Article
VF Corp. releases new policy on animal derived materials
VF Corp. has announced the release of its first-ever Animal Derived Materials Policy, which includes the commitment to progressively ban the use of fur, angora or exotic leather in its brands' products. The policy has been developed in partnership with The Humane Society of the United States and Humane Society ...
-
Article
Berghaus increases focus on transparent sustainability
Pentland Brands has revealed the names and locations of the direct factories (Tier 1) that manufacture garments for its Berghaus brand. The list includes factories in Belgium, Bosnia and Herzegovina, Bulgaria, Cambodia, China, India, Indonesia, Italy, Japan, New Zealand, Pakistan, Portugal, Romania, Spain, Sri Lanka, Taiwan, Thailand, Turkey, U.K. and ...
-
Article
Legal tussle between Sympatex and Gore
Sympatex Technologies and W.L. Gore & Associates have become embroiled in a legal tussle about statements relating to Gore Fabrics' goals to remove any perfluorinated and polyfluorinated chemicals (PFCs) of environmental concern from its products for outdoor gear.As previously reported, Gore issued a statement in February in which it outlined ...
