Latest News & Analysis – Page 211
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U.S. outdoor industry worried about national monuments
The protection of national monuments again mobilized several leading stakeholders in the U.S. outdoor industry last month, after the Trump administration signed an order to review the status of more than two dozen national monuments.The order relates to national monuments of at least 100,000 acres that were designated from the ...
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OSV offers a new course for the outdoor industry
Outdoor Sports Valley (OSV), the French trade association that brings together companies in the outdoor sports industry, is setting up a new specialized course in partnership with the Savoie-Mont-Blanc University and the Institut Universitaire de Technologie (IUT) of Annecy. It plans to launch a bachelor-level course in Sports Design & ...
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VF targets sales of $3 bn for The North Face
VF Corp. is projecting a re-acceleration in the compound annual growth rate (CAGR) of The North Face (TNF) to a rate of 6 to 8 percent, taking its turnover up to $3.0 billion by 2021 from the current level of $2.3 billion. The direct-to-consumer (DTC) business is set to expand ...
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Digital and interna-tional will lead VF’s growth
VF Corp. is projecting a compound annual growth rate (CAGR) in its total sales of between 4 and 6 percent over the next five years, driven by continued growth at Vans and the resumption of growth at The North Face (TNF) and Timberland, which have under-performed lately, especially in the ...
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Smith replaces Arens to lead The North Face in Europe
Kath Smith has been appointed vice president and general manager for The North Face in Europe, the Middle East and Africa (EMEA) from the end of March, at the company's European head office in Switzerland. After assignments with international consumer goods companies such as Mars, Diageo and the Adidas Group, ...
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New majority shareholders for Active Brands
Active Brands, the Norwegian group that owns Kari Traa, Dæhlie and several other sports and outdoor brands, is to be taken over by FSN Capital Partners, a Nordic investment fund, although existing shareholders should continue to own a material stake in the company.The majority shareholding is to be divested by ...
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Canada Goose goes through the roof
Investors rushed to buy shares in the Canadian company, although some observers have expressed doubts about its ability to internationalize its business and to diversify its product range in the longer term. First offered at a price of 17 Canadian dollars on March 16 on the stock exchanges of Toronto ...
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Strategic adjustments yield stable returns at Lafuma
Groupe Lafuma's mountain division was affected by unfavorable weather conditions and its decision to quit selling the Killy brand last year, but it became more efficient due to the integration of the three remaining brands into the Millet Mountain Group in Annecy – namely Lafuma, Millet and Eider.The mountain division's ...
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Mammut grows outside the Germanic countries
The Mammut Sports Group saw its sales decline by 0.8 percent to 233.4 million Swiss francs (€218.3m-$232.1m) in 2016, which was a decline of 2.9 percent in constant currencies, but an improvement compared with the slump of 5.8 percent it had suffered in 2015.The division's operating profit was up by ...
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Black Diamond ready to scale up again
John Walbrecht, who became chief executive at Black Diamond in October, told analysts last month that the group is ready to scale up again, after a year of downsizing and other restructuring measures. Walbrecht made the comments in a conference call to discuss a mixed fourth quarter for the Black ...
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Management reshuffling at BD
Black Diamond Equipment (BDE) has promoted Stephan Hagenbusch to be responsible for Europe, following a successful move of the company's European operations from Basel to Innsbruck last June. He replaces Tim Bantle, who left the group at the end of February, going back to the U.S.Besides taking full responsibility for ...
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Strong double-digit growth for Gregory and its parent
Gregory Mountain Products saw its sales grow by 28.8 percent last year to $44 million, with a 22.7 percent increase in constant currencies and strong progress in Europe, North America and Asia. In contrast, another less technical brand of backpacks in Samsonite's portfolio, High Sierra, booked a 3.5 percent sales ...
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Denton will lead the IGOT Coalition
We have already reported about the birth of the It's Great Out There (IGOT) Coalition, the new Brussels-based association launched by the European Outdoor Group (EOG) at Ispo Munich in February, which is intended to persuade more people all over Europe to participate in outdoor activities.Andrew Denton, the dynamic British ...
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UTMB commits to eco-responsible sports events
The organizers of the 20 major international sports events in France have signed the “15 environmentally responsible commitments to sporting events,” an ambitious plan with quantified targets, which commit the organizers of these events to the respect of the environment as a condition to host such events on French territory. ...
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The EOG launches the IGOT Coalition
Eighteen brands, retailers and organizations are the founding members of the newly formed IGOT Coalition. It stands for the It's Great Out There Coalition, a new non-profit organization formed by the European Outdoor Group to encourage people to be more active outdoor across Europe.Chaired by Arne Arens, European director of ...
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Public lands issue drives OR out of town
The states of Colorado, Montana and Oregon have all expressed interest in hosting the Outdoor Retailer show after the Outdoor Industry Association (OIA) announced that it was looking for a new venue as soon as possible. The contract with Salt Lake City runs through the summer of 2018, but the ...
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Fjällräven drives Fenix Outdoor’s growth, Globetrotter improves
Globetrotter's sales slipped by about 4.3 percent to €178.3 million last year but the adjustment of its cost base led to improved returns and helped the entire Fenix Outdoor International group to more than double its net profit.Globetrotter, the leading outdoor retail chain in Germany, is one of the retail ...
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Canada Goose seeks a $2 bn valuation in IPO
Trying to replicate the commercial and financial success of Moncler, the Canadian brand of down-filled outerwear has filed applications to go public on the stock exchanges of New York and Toronto. While the pricing has yet to be determined, Canada Goose Holdings indicates that it considers its worth at around ...
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Columbia on the rise despite warm weather and weak markets
The late start of the winter season led to weaker than anticipated sales for Columbia Sportswear in the fourth quarter, but they were still up by 3 percent to $717.4 million, which was a rise of 2 percent in constant currencies.The U.S. outdoor group raised its turnover for the full ...
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Strategic decisions affect TNF’s sales
The North Face ended the year with a relatively weak quarter, partly due to a strategic decision to ship fewer products to off-price channels in the Americas. The outdoor brand's sales were down by 7 percent for the three months, as its turnover tumbled at a low double-digit rate in ...
