Latest News & Analysis – Page 217
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Amer Sports raises organic sales targets
A Salomon running store in the center of Shanghai was used as an example of diversification when the Amer Sports group raised its target for organic growth last month. The Finnish group aims to reach sales of €3.5 billion without acquisitions in 2020, with at least mid-single digit annual organic ...
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New boss for Black Diamond
John C. Walbrecht has left as brand president of Mountain Hardwear, the struggling subsidiary of Columbia Sportswear, to become president of Black Diamond, a subsidiary of Black Diamond Equipment. He will assume the new function on Oct. 3, taking the place of Mark Ritchie.Bryan Timm, president of Columbia Sportswear, will ...
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New boss for Silva
Tomorrow Richard Jägrud, 44, is starting as the new chief executive of Silva Group AB, the Swedish supplier of compasses and headlamps, taking the place being left vacant by Patrik Elfwing, who announced his resignation in the spring. Jägrud comes from another Swedish outdoor company, Haglöfs Scandinavia, where he acted ...
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Prana will hire European staff
Prana is considering the appointment of a European manager next year, as the American outdoor and yoga apparel brand taken over by Columbia Sportswear two years ago is stepping up investments to support its European distribution.The California-based brand started putting more emphasis on its European business in the last year, ...
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Peak Performance grows, driven by retail
Peak Performance saw a further deterioration in operating results for the three months of the fourth quarter to June 30, despite growing revenues, while the brand continued to invest in new stores and completed the clean-up of the wholesale channel and reducing discounts to a maximum of 40 percent. It ...
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Walltopia to build Adventure Hub in Ukraine
Walltopia, the Bulgarian company that designs and manufactures artificial climbing walls, is about to open its first “Walltopia Adventure Hub” entertainment center in Kiev, the capital of Ukraine. This futuristic indoor adventure structure will take a space in the Galaxy Family Entertainment Center, located within the Lavina Mall.The hub will ...
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Vibram progresses on several fronts
Intellectual property protection is one of those fronts. Working together with Mark Monitor, the Italian company says it has led to the shutdown of 198 websites that were selling counterfeit models of its Vibram FiveFingers shoes or shoes with fake Vibram soles. Action is pending against more than 150 other ...
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Timberland issues an update on its CSR efforts
Timberland recently released an update about its corporate social responsibility (CSR) actions. In the second quarter of this year, 95.5 percent of the leather used by the brand was produced by tanneries with a silver or gold rating. In the same period, 44 percent of the cotton used in its ...
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JD Sports is apparently circling Go Outdoors
JD Sports Fashion, the owner of Blacks, Millets and several other sports retail formats in the U.K. and other European countries, declined to comment on British reports that it was eyeing a takeover of Go Outdoors. The British outdoor retailer with about 60 large-scale stores announced earlier this year that ...
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Globetrotter adjusts branding, private label
Globetrotter's turnover declined in the first half of this year but the profitability of the leading German outdoor retailer sharply increased, judging from the performance of Fenix Outdoor International, the Swedish-based group that owns Globetrotter. The entire company's turnover was on the rise, driven by avid demand for the Fjällräven ...
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Rossignol buys Raidlight-Vertical
As part of its plans to diversify its business, the Rossignol Group has finalized the takeover of Raidlight-Vertical, a French company specializing in products for trail-running and other outdoor pursuits, with 55 employees and a turnover of about €6.5 million for the year until July 2015.The deal should support the ...
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Adidas Outdoor switches to Terrex branding
The Adidas Group is switching the branding of its Adidas Outdoor range to Terrex, a new brand concept that has been driving an ample rise in sales for the company in the European outdoor market. The branding is to be applied from 2017 for nearly all of the Adidas brand's ...
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Bergans moves distribution for European market
Bergans is preparing to close its Norwegian warehouse and centralize its entire European warehousing operations in Hamburg next year, as part of intensified efforts by the Norwegian outdoor brand to support its international business. This push is to come with more investment in the brand and extra resources to support ...
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Lafuma posted healthy half-year results
The Lafuma Group managed to improve both sales and margins during the first six months of the year, despite challenging economic conditions and sluggish consumption. The French company's revenues gained 6.9 percent over the year-ago period to €85.6 million, with significant disparities among its brands.Overall, the group managed to increase ...
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Mammut grows slightly
The Swiss Conzzeta group has reported slightly improved net revenues of 101.4 million Swiss francs (€92.7m-$103.7m) in the first six months of 2016 for its Mammut Sports Group, compared with CHF 99.3 million in the same period of last year. The segment's losses declined to CHF 4.5 million (€4.11m-$4.60m) from CHF 5.9 ...
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Thule grows nicely, makes more profits
The Thule Group reported net income of 308 million Swedish kronor (€32.2m-$35.7m) for its continuing operations in the second quarter ended June 30, up sharply from SEK 278 million in the same period of 2014. The gross margin went up to 41.6 percent from 40.5 percent, due primarily to positive ...
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Strong progress at Craft’s parent company
Reaching a new record for the quarter, the New Wave Group raised its total revenues by 6 percent to 1,257 million Swedish kronor (€132.5m-$148.2m) for the second quarter ended June 30, with growth of 8 percent in local currencies.It was a particularly strong performance in view of the fact that ...
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New CEO for 8848 Altitude
After leaving Craft last spring, Jonas Peterson will now step in as chief executive of another Swedish, company, 8848 Altitude. Peterson has been CEO of both Cross Sportswear and Craft where he received international experience that this supplier of ski, outdoor and bike clothing was looking for.Peterson's task, in addition ...
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Recco is now being used year-round
Recco has hired Marcus Löwgren to act as global sales manager, based in Stockholm. One of his tasks will be to move the avalanche system provider to a year-round outdoor application, assisting people even when there is no snow.Löwgren comes from IBM. He previously co-founded a talent match-making services in ...
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New management structure at Vista
Vista Outdoor has announced a new segmentation of its recently enlarged brand portfolio, appointing new managers to run its different operations. Kelly Grindle, who remains as president of Outdoor Products, will oversee three new market areas: Outdoor Recreation, Sport Protection and Hunting & Shooting Accessories.Outdoor Recreation will comprise Camelbak and ...
