Latest News & Analysis – Page 213
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Competition authority reviews Go Outdoors acquisition
JD Sports Fashion has been prevented from fully moving ahead with the integration of Go Outdoors, the large-scale outdoor retailer it agreed to purchase for £112.3 million (€130.2m-$140.7m) in cash and £16 million in debt last November, due to a review of the acquisition by the U.K.'s competition watchdog, the ...
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McTrek’s omni-channel approach pays off
McTrek Outdoor Sports, the price-driven German outdoor retailer, has reported another year of double-digit sales growth, in part due to the opening of extra stores. Yeah, the holding company for McTrek, saw its sales jump by 11 percent to about €52.2 million in 2016, operating from 37 stores at the ...
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Vista Outdoor is hit by an asset impairment
Vista Outdoor, the U.S. group of shooting and outdoor brands, acknowledged that it would have to take an impairment charge that could be in the range of $400 to $500 million for the three months until the end of 2016, which was the third quarter of its fiscal year. The ...
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Hydro Flask looks abroad for growth
The young American company, which was taken over by Helen of Troy last year for $210 million, has struck a new distribution deal in Japan with Alco International. The new sales partner is expected to open more than 100 accounts in the early part of this year for its insulated ...
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Laken lowers prices, changes business model
The 105-year-old Spanish brand of stainless steel and aluminum bottles says it has been able to reduce wholesale prices for its cylindrical aluminum bottles by around 40 percent from those charged in 2016 by installing a new production line at its factory in Murcia last year. The investment has also ...
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Gore introduces new stretch products
W.L. Gore & Associates is going to launch a campaign in March to support new technological, product and design innovations that it will show at the Ispo Munich fair starting on Sunday, where it will also introduce a dedicated “Innovation Lab.”The new concepts revolve around the notions of stretch and ...
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ZDHC launches a training academy
The Zero Discharge of Hazardous Chemicals (ZDHC) foundation has launched an online portal offering chemical management training. The ZDHC Academy will be available to the industry on a permanent basis, enabling brands and manufacturers to improve their knowledge of responsible chemical management and to receive certified training. The ZDHC Program ...
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Eoca announces funding for new projects
The European Outdoor Conservation Association (Eoca) has announced the first five projects it will get funding as part of its 2 Million Tree Campaign, the ambitious plan it launched in 2016 to plant and/or regenerate two million trees around the world.Funding will go to a project by Blue Ventures, a ...
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Political pressure to move OR to Denver
Yvon Chouinard, the founder and owner of Patagonia, and Peter Metcalf, the founder and former chief executive of Black Diamond, have both written letters calling for Utah's political leaders to withdraw plans for the state to take control of federal public lands, which could be made easier to implement following ...
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End of the slump in the Korean market?
The South Korean outdoor market remains one of the biggest ones in the world, but it is estimated to have declined by about 15 percent last year, due to economic sluggishness and unfavorable trends in consumption, but several protagonists predict that the situation may at least stabilize this year.The Korea ...
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The EOG and the OIA want a better trade show experience
The European Outdoor Group (EOG) has invited brands and retailers to find out what they really want from the OutDoor show in the future. It is circulating a questionnaire, asking for responses by Jan. 25 to a series of questions and assuring them that their identity will remain confidential.The questionnaire ...
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U.K. retailer moves ahead with integration
Outdoor and Cycle Concepts (O&CC), the British specialist retailer, has moved ahead with the integration of the management teams for Cotswold Outdoor and the Snow + Rock Group, about a year after the start of the joint entity in October 2015.Buying, retail management and marketing have all been brought under ...
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Mountain Warehouse boasts festive record
Mountain Warehouse, the British outdoor retailer, reports a buoyant holiday season as its sales increased by 28.8 percent for the six weeks to Jan. 1, with a jump of 71 percent in international sales. The retailer's comparable store sales were up by 13.6 percent and its online sales soared by ...
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The former Smith & Wesson targets the outdoors
Like Vista Outdoor, American Outdoor Brands Corp. (AOBC), the U.S. company previously called Smith & Wesson, intends to diversify from the firearms and ammunition segment into the rugged outdoor sector. For this purpose, American Outdoor Brands has announced the establishment of a new Outdoor Recreation Division that will be led ...
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Beretta invests in Zamberlan
The firearms and outdoor segments are drawing closer together not only in the U.S. (see the previous article on Smith & Wesson), but in Italy as well. Beretta, a big Italian manufacturer of guns, pistols, rifles and other firearms, has acquired a 40 percent stake in Zamberlan, one of the ...
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Jack Wolfskin reports growing turnover
While the majority shareholder of Jack Wolfskin confirms that it has started holding talks with lenders, the German outdoor brand reportedly raised its sales by 12 percent to €351 million and it was profitable from an operating standpoint last year.The turnover was reported by Textilwirtschaft as part of a broader ...
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New Wave Sports becomes Craft of Scandinavia
New Wave Sports, a subsidiary of the big New Wave Group formed in 2008, has been renamed as Craft of Scandinavia, with an ambitious plan to raise its annual sales from around one billion Swedish kronor (€104.5m-$110.8m) to SEK 1.5 billion (€156.8m-$166.3m) by 2020, partly through a diversification into the ...
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Down prices are headed upward
The cost of down feathers is quickly rising because of the current bird flu epidemic and some exceptionally cold winters in big markets, according to an official of Allied Feathers & Down. This may affect animal welfare, he adds: As prices increase, unscrupulous suppliers will try to offer material from ...
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Batra gets the Hi-Tec shoe license for many European countries
Cherokee Global Brands (CGB), a U.S. company that agreed a few weeks ago to take over nearly all of the assets of Hi-Tec International and turn it into a licensing operation, says it has already sealed licensing agreements with Carolina Footwear for the U.S. and Canada, and the Batra Group ...
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Wolverine lays out the Way Forward
The management of Wolverine Worldwide had already hinted that it was considering the divestiture of some non-core assets, while promising shareholders that it was going to do its best to attain an operating margin of 12 percent by the end of 2018 through a variety of measures.After the discontinuation of ...
