Latest News & Analysis – Page 212
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Amer Sports is on track despite short-term delays
The Amer Sports group achieved record sales and profits last year despite a weak fourth quarter, caused by lackluster market conditions as well as delays in product launches.The owner of Salomon, Atomic, Wilson and many other brands saw its sales decline by 1 percent to €772.4 million for the last ...
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The Tecnica Group makes progress
The new and more process-oriented brand management structure put in place since last June at the Tecnica Group under the management of Antonio Dus is bearing fruits. The Italian company's operating profit (Ebitda) grew by about 15 percent last year, according to preliminary data, and sales reached a level of ...
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Wolverine performs better than expected
Reaching the upper end of its projections, Wolverine Worldwide reported a decline of 2.9 percent to $729.6 million in its total turnover during its fourth financial quarter, ended Dec. 31, with a high single-digit increase outside the U.S. more than offset by a low single-digit decline in its domestic market, ...
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Deckers performs less well than expected
Deckers Brands' net profit for the third quarter ended Dec. 31 sank by 73.9 percent from the same period a year earlier, down to $41 million, due to lower sales and extraordinary charges of $128.9 million related to a write-down of the Sanuk brand's goodwill and intangible assets, retail impairments ...
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Sharp sales rise at Peak Performance
Far-reaching changes implemented at Peak Performance in the last two years are apparently starting to pay off, with a sales increase of 21.9 percent to 267 million Danish kroner (€35.9m-$37.8m) for the quarter until the end of December.This amounts to a sales jump of 24.0 percent in constant currencies. It ...
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Haglöfs prepares to expand after cuts
Haglöfs took a hit in sales but roughly trebled its operating profit last year, as the Swedish outdoor brand owned by Asics cut out unprofitable distribution and adjusted its branding to start expanding again this year. That is the company's situation as described by Peter Fabrin, the company's chief executive, ...
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Mammut sets up an office in Hong Kong
Mammut Sports Group has opened an office with eight employees in Hong Kong to support its business in Asian countries and to develop more regional product and marketing strategies.The move was outlined at Ispo Munich by Oliver Pabst, who took over from Rolf Schmid as Mammut's chief executive in September. ...
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Odlo shifts its focus to the sports market and key accounts
Odlo is returning to expansion this year after a strategic shift toward the sports market and direct partnerships with several large-scale sports and outdoor retailers.Christophe Bézu, the former Adidas and Esprit manager who became Odlo's chief executive in 2015, said that the Swiss-based base layer specialist saw its turnover shrink ...
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Confluence changes CEO, reports an uptick in Europe
Richard Krause has been appointed as chief executive and president of Confluence Outdoor, taking over from Sue Rechner at the helm of the U.S. paddle sports group. Krause was formerly the CEO of Feradyne Outdoors,Remaining a shareholder, Rechner will support Krause in the transition. She said in a statement that ...
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Fishing boosts Johnson Outdoors’ sales
New products for fishing resulted in strong pre-season sales for Johnson Outdoors, boosting revenues for the first quarter of its new fiscal year, ended Dec. 31. The company, which owns a large portfolio of brands including Jetboil outdoor cooking systems and Scubapro diving equipment, saw its total sales gain 9.9 ...
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A big charge hits Vista’s quarterly results
Vista Outdoor, the U.S. group of shooting and outdoor brands, reported a net loss of $377.7 million in its third fiscal quarter ended Jan. 1, down from a profit of $43.2 million in the same period a year ago.The company's results were dragged down by a higher-than-expected impairment charge of $449.2 ...
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Newell Brands delivers a strong quarter
Newell Brands' sales jumped by 165.0 percent for the fourth quarter of 2016 to $4,136 million, thanks to the recent acquisition of the Jarden Corporation's business. Core sales grew by 2.5 percent, driven by strong results from the Writing, Baby, Home Solutions and Outdoor Solutions businesses, offset by weak sales ...
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Garmin’s outdoor segment gains 46%
Garmin posted strong earnings and revenues for the fourth quarter that beat analysts' forecasts, largely driven by sales of wearable devices. Total sales rose by 10.0 percent to $861 million, beating the consensus estimate of $792.9 million reported by Thomson Reuters, with outdoor, fitness, marine and aviation collectively jumping by ...
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Anta partners with Kolon for China
Anta Sports Products, the leading Chinese sports apparel and footwear company, has sealed a joint venture agreement with Kolon Sport to sell the South Korean brand in Greater China, primarily to complement its offering in the outdoor apparel market.Anta has become the largest Chinese sports apparel and footwear group, with ...
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Treksta ramps up French distribution
Kevin Penard has been appointed as general agent for Treksta in France from the start of this year, as part of the moves being made by leading South Korean outdoor footwear brand to reinforce the distribution of its products in Europe.Treksta's distribution in France has been supervised since its European ...
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Greenpeace applauds Gore on PFCs
Only a few months ago it would have appeared unlikely for W.L. Gore & Associates and “game-changer” to appear in a statement from Greenpeace about perfluorinated compounds (PFCs). Yet that is exactly what happened at Ispo Munich earlier this month, after the Gore Fabrics Division outlined its goal to eliminate ...
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Fair Trade certification for Páramo’s manufacturer
Páramo, the British brand of waterproof clothing, said it became in January the first company in the outdoor sector that will be able to use the Fair Trade first-buyer label of the World Fair Trade Organization (WFTO) for more than 80 percent of its products. They are sourced from Creaciones ...
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Eoca lists the projects for the next funding round
The European Outdoor Conservation Association (Eoca) has announced the projects that have been shortlisted for its spring 2017 funding round. Twice a year the organization receives applications from conservation organizations with projects that they would like to be considered for funding, and Eoca draws up a shortlist of projects, which ...
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Connected, Ispo breaks new records
The increasingly international and “connected” Ispo Munich trade show witnessed last month more than 85,000 daily passages through its turnstiles at its Feb. 5-8 edition, or about six percent more than last year's score of 81,368 visitor/days. They came from 120 countries and the largest increases were recorded from Italy, ...
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Hardly any stock market growth in outdoor
The stock market capitalization of the publicly listed companies involved in the outdoor sports sector inched up by 2.4 percent to $59.8 billion in 2016. It had risen by 9.8 percent in 2015, partly aided by a doubling in the value of Jarden Corp. prior to its merger with Newell ...
