Latest News & Analysis – Page 215
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Osprey Packs appoints new president
Osprey Packs has announced the appointment of Layne Rigney as its new president. The announcement comes two months after the departure of Tom Barney, Osprey's longtime president. In addition, the Colorado-based outdoor pack and adventure-travel luggage company has named Jason Dunlap as vice president of finance and promoted Scott Pfotenhauer ...
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Warm weather reduces store traffic for Peak Performance
With six added stores, Peak Performance saw its turnover move up by 1.5 percent to the equivalent of 348 million Danish kroner (€46.8m-$49.5m) for the quarter until the end of September but its Ebit margin contracted by 4.9 percentage points to 17.8 percent for the three months, as it spent ...
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Craft’s parent improves margins
The New Wave group, the Swedish company behind Craft, saw the sales of its sports and leisure division dip by 3 percent for the third quarter, as increasing sales in Sweden, other Nordic countries and southern Europe could not make up for sluggishness in the U.S. market. Along with Craft, ...
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Columbia, affected by U.S. retail caution, improves in Europe
The Columbia Sportswear group has been making ample progress in the European countries where it operates directly, with a sales rise at the upper end of the 20 percent range for the third quarter. Tim Boyle, the company's chief executive, told analysts in a conference call that it was expecting ...
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Weak U.S. wholesale market impacts VF
The North Face's turnover soared by 20 percent in constant currencies for the third quarter in Europe, the Middle East and Africa (EMEA), but this ample rise could not make up for weakness in the North American wholesale market. This has more broadly affected sales at VF Corporation, the owner ...
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Newell’s outdoor segment posts a loss
Higher sales for Pure Fishing were more than offset by a sales decline at Coleman during the third quarter, leading Newell Brands to report a 3.2 percent drop on a comparable basis for Jarden Corporation's former Outdoor Solutions segment, excluding the snow sports brands held for sales. Furthermore, Marmot Mountain ...
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Black Diamond is optimistic
Black Diamond reported a minimal increase in sales from continuing operations during the third quarter to $39.4 million from $39.3 million a year ago, up by 3 percent in constant currencies. European sales exceeded expectations, with a better response to at-once and replenishment orders from strategic accounts. Bookings from the ...
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Acquisitions boost Vista Outdoor’s results
Vista Outdoor reported a 24 percent sales increase to $684.3 million for its second quarter, ended Oct. 2, but they were up by 5 percent organically excluding acquisitions including that of Camp Chef, which closed during the quarter.In the outdoor products segment, sales jumped by 51 percent to $321 million ...
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Thule makes further progress
The Thule Group continued to improve its profitability in the third quarter to Sept. 30.The company's operating income (Ebit) went up by 17.1 percent to 243 million Swedish kronor (€24.8m-$26.3m), raising the operating margin to 17.8 percent from 15.5 percent in the year-ago period. Even after currency adjustments, the underlying ...
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Bad Karma creates more problems for GoPro
GoPro is facing class action suits from shareholders who feel misled by the action-camera company's claims about the demand and the sales potential for its new Karma drones. Three law firms announced the legal action after GoPro recalled about 2,500 drones on Nov. 8 after discovering that they can lose ...
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The outdoor industry develops in France’s Rhône-Alpes region
Outdoor Sports Valley (OSV) and the department of Haute-Savoie, in the Rhône-Alpes region of eastern France, have presented the results of the 3rd edition of the Observatory of the Outdoor sector. In 2015, the cumulative sales of the companies in the sector across the eight departments of the region grew ...
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Gore opens two new testing labs
W. L. Gore & Associates has opened a new state-of-the-art Biophysics and a Heat and Flame Protection laboratory in Elkton, Maryland. The new facilities are supposed to allow Gore engineers to very quickly assess the performance of component materials while developing new understanding and technologies.The Biophysics lab helps predict the ...
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Patagonia launches a collection using recycled materials
Patagonia has unveiled a new collection made of recycled materials, from the insulation to the outer layers. The so-called Recollection includes shirts, fleece vests, a coat, a hooded pullover, men's pants and a skirt. The items are made from 100 percent recycled down, 100 percent recycled wool and 100 percent ...
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Outdoor activities to fight cancer
Outdoor against Cancer (OaC), a German charity organizing outdoor activities for cancer patients, is campaigning to find more sponsors and supporters for its initiatives in Germany and across Europe. The charity, which is based in Munich, was founded in 2015 by Petra Thaller, a media professional and cancer patient herself, ...
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The industry joins forces to promote outdoor sports
After working in parallel for many years, the European Outdoor Group (EOG) and the European Network of Outdoor Sports (ENOS) are joining forces to promote greater participation in outdoor sports activities all over Europe, with the blessing of the European Commission.Everybody knows the EOG, which is reaching out to retailers ...
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Mountain Warehouse IPO shelved
Mountain Warehouse, the British outdoor retailer focusing on private labels, has reportedly shelved plans for an initial public offering (IPO) that was projected to value the company at about £200 million (€224.3m-$244.3m), despite record sales for the first half of its fiscal year.Mark Neale, the group's chief executive, told The ...
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Outdoor retailers want more support and exchanges
The European Outdoor Summit in Barcelona marked the start of intensified discussions with retailers in the European Outdoor Group (EOG), after the appointment of two specialists who are to reinforce the productive partnership between suppliers and retailers in the association.The EOG started working together with retail members two years ago. ...
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Slower expansion for outdoor shoes at Amer
Sales of outdoor apparel and footwear at the Amer Sports group have taken a break from the double-digit increases delivered in the first half of this year, but the outdoor category remained strong and it supported the growth of the entire Finnish group in the third quarter.The Amer group's sales ...
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Newell would like to sell K2 and Völkl
Newell Brands announced on Oct. 4 that is putting up for sale the winter sporting goods business that it inherited earlier this year from Jarden Corp. through the latter's merger with Newell Rubbermaid. The company subsequently stated, however, that it intends to keep K2 and Völkl Marker Dalbello if it ...
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Wolverine loses sales but improves margins
Our estimates for the rugged outdoor shoe market, which we published in our last issue, confirm a previous statement by Blake Krueger, chairman, chief executive and president of Wolverine Worldwide, that the market has entered a phase of slow or inexistent growth, which he called “the new normal.”His statement, which ...
