Latest News & Analysis – Page 218
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Acquisitions help Vista Outdoor
Vista Outdoor reported a 23 percent sales increase to $630 million in its second quarter ended July 3, boosted by its new acquisitions of Bell, Giro, Jimmy Styks and CamelBak over the past year. The figure includes $134 million from recent acquisitions. On an organic basis prior to those acquisitions, ...
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Codi buys 5.11 Tactical
After making a big capital gain on its sale of Camelbak to Vista Outdoor, Compass Diversified Holding (Codi) has signed an agreement to acquire 5.11 Tactical for $400 million, at the end of July. The management will retain a stake of 2.5 percent. One of Codi's goals is to expand ...
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Rocky invests in lifestyles and military
After posting dismal results for the second quarter, Rocky Brands announced that it will reduce its U.S. workforce. It will also redeploy more capital to support its lifestyle brands and to further expand its production facilities in Puerto Rico, partly to take advantage of a triple-digit increase in military footwear ...
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Garmont raises its profitability
Garmont International has reported a net profit of €629,000 for 2015, 142 percent above the level of 2014. Operating earnings before amortization (Ebitda) grew by 105 percent to €278,000. Sales grew by 40 percent to €12.5 million, or by 20 percent on a comparable, pro-forma basis.It was a very good ...
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Weak quarterly growth for Columbia
Columbia Sportswear's sales were up by just 2 percent in dollars and local currencies in the second quarter ended June 30, but they still reached a record level of $388.8 million for the period. The variation is not very significant as this is the weakest quarter in the group's financial ...
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Weak quarter for Timberland affects VF sales guidance
The outdoor and action sports business at VF Corp brought in mixed results for the second quarter ended July 2, combining sales increases for The North Face and Vans, and a decline for Timberland, caused by the Americas and Asia-Pacific.The group said it was broadly on track but the Timberland ...
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Amer Sports ups investments
The Amer Sports group has predicted a small decline for this year in the sales of its winter sports equipment, comprising the Atomic and Salomon brands, after the unfavorable previous winters and a 3 percent drop in orders for the coming season. But this comes after a sales hike in ...
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Wolverine falls less than expected
Wolverine Worldwide reported a 5 percent drop in its net income to $24.0 million for its second quarter, ended June 18, as its sales fell for the fourth quarter in a row, down by 7.4 percent to $583.7 million in dollars and by 5.2 percent on an underlying, currency-neutral basis. ...
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Another poor quarter for Black Diamond
Black Diamond saw profits and margins dive further in the second quarter, as the company faced foreign exchange challenges and higher manufacturing costs. The American maker of climbing gear and apparel posted revenues from continuing operations down by 3.0 percent over the year-ago quarter to $29.1 million. Excluding the impact ...
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Newell’s Jarden integration on track
During the second quarter, organic sales went up by 0.5 percent in the outdoor solutions segment of Newell Brands, most of which formerly belonged to Jarden Corp. Higher sales at Pure Fishing offset weather-related declines at winter sports brands such as K2, Völkl and Marker.Last year's acquisitions of Jostens by ...
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Impairment charges hit Johnson Outdoors
Johnson Outdoors posted weak results for its fiscal third quarter ended July 1, with profits tumbling against the year-ago period due to non-cash goodwill impairment charges of $6.2 million for the Diving segment. Net income plummeted by 31.5 percent to $6.8 million.These charges were triggered by the company's decision to ...
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Outdoor and fitness drive Garmin
Sales increases of 23 percent in the outdoor segment and 34 percent in the fitness segment in the second quarter ended June 25 allowed Garmin to strengthen its position in the rapidly growing wearables market, helping the company to book a 5 percent increase in total revenues to $812 million. ...
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Crocs sells more but falls short of guidance
Crocs posted revenues for the second quarter that came up short of its own guidance for sales in the range of $340 million to $350 million. They dipped by 6.3 percent over the year-ago quarter to $323.8 million, or by 6.2 percent on a constant-currency basis.The company blamed the challenging ...
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Hoka One One makes a pause at Deckers
Deckers Brands posted a lower-than-expected net loss of $58.9 million in the seasonally weak first quarter of its financial year, ended June 30, although it remained higher than the $47.3 million loss recorded in the year-ago period. The gross margin rose to 43.7 percent from 40.5 percent in the same ...
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On launches trail running shoes, apparel
On, a fast-growing Swiss-based brand of running shoes, launched its first line of trail running shoes in June, delivering it to about 1,500 doors and starting at the higher end of this growing market.On has also launched its first line of functional running clothing. Consisting of only eight “essential” items ...
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A positive OutDoor
The OutDoor fair in Friedrichshafen closed on a positive note on Saturday. The leading European outdoor trade show started out with a slight uptick in attendance on Wednesday.By the end of the show, the total attendance had risen to a total of 21,507 daily visits, up slightly from 21,464 visits ...
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Weather slows down the European market
Affected by unfavorable winter weather, the European outdoor market raised its wholesale turnover by 1.4 percent to about €5.3 billion last year, based on the latest market research by the European Outdoor Group (EOG). The association's State of Trade report found that the increase amounted to 2.1 percent in value ...
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Online sales grab a higher share of the Chinese market
The China Outdoor Association (COA) estimates that the core Chinese outdoor retail market expanded by 5.3 percent to about 18 billion yuan renminbi (€2,418.9m-$2,694.3m) last year, marking a significant slowdown in growth compared with previous years. The core market excludes cheap private labels, the outdoor ranges of sports brands and ...
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Outdoor on the rise for Sport 2000 and Intersport in Germany
North Bend, a private brand of Team Sportia, the Swedish retail chain that joined Sport 2000 International together with SGN Sportia of Finland in September last year, will be sold in Germany exclusively by affiliated retailers of Sport 2000.From autumn/winter 2016/17, this functional outdoor apparel brand from Sweden will be ...
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In-house shoe production has benefits
Keen Footwear, which remains very committed to sustainability, is focused on boosting its in-house shoe manufacturing and assembly capacity from around 5 percent to 40 percent of its annual volume, which currently stands above seven million pairs per year. The balance will continue to be made by subcontractors in the ...
