Latest News & Analysis – Page 221
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Sigg boosts its sales teams under Fregonese
Sigg Switzerland Bottles is boosting its sales team to help implement a plan, formulated by its new owners, to double its turnover in five years' time. The 108-year-old Swiss maker of drink containers was reported to be generating annual revenues of about 15 million Swiss francs (€13.9m-$15.6m) when the Riverside investment ...
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Royal Robbins announces leadership appointments
Royal Robbins has appointed Nicole Chabot to director of international operations. Chabot previously served as general manager of international affairs for Timbuk2 and Mountain Hardwear. In her new role, she will work to strengthen Royal Robbins' presence in Europe and Asia.In addition, Joanne Steinbauer has joined Royal Robbins as its ...
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Selk’bag looks for distributors
Selk'bag, a Chilean brand of wearable sleeping bags, is holding talks with potential distribution partners around Southern and Eastern Europe after the opening of its European office in Zaragoza in September.Sport Partners, which has established the brand in Europe in the last three years, continues to distribute Selk'bag in the ...
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Strong growth for Lowa
The Lowa brand of outdoor shoes raised its non-consolidated sales by 14.5 percent in 2015, rising to a level of €145.5 million for the year from the previously reported 2014 level of €127 million. The German-based company says all the product segments contributed to the growth, led by children's and ...
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Peak Performance clean-up reduces sales
IC Group, the Danish parent company of Peak Performance, has downgraded its projections for sales and earnings for the full year to the end of June, due to a sudden deterioration in sales at its own stores and the accelerated clean-up of the wholesale business at Peak Performance.The IC Group's ...
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Crocs turns around in the quarter
Crocs surprised investors with better-than-expected sales and profits for the first quarter ended March 31. Its revenues increased by 6.5 percent over the corresponding period a year ago to $279.1 million. On a constant-currency basis, they gained 9.2 percent. The company said this performance was driven by the positive response ...
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Ispo Shanghai to focus on adventure travel and running
Ispo Shanghai will take place this summer in the Shanghai New International Expo Center (SNIEC) for the second time, on July 6-8, and the figures should exceed those of the first edition of this new summer trade show. The organizers expect nearly 400 exhibitors from more than 20 countries, which ...
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Kids join the Outdoor Academy of Sweden
Kids joined for the first time the Outdoor Academy of Sweden, an outdoor life program organized by the Scandinavian Outdoor Group (SOG) to familiarize retailers, tour operators and journalists with outdoor activities and Scandinavian outdoor brands in a Swedish natural environment.A total of 28 people from eight different countries participated ...
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Textile Exchange dismisses Peta allegations
The Textile Exchange, which administers the Responsible Down Standard (RDS) certification, said a video published by PETA (People for the Ethical Treatment of Animals) showing Chinese farmers live-plucking geese for down was not shot at RDS-certified farms. RDS certification is a voluntary, global standard embraced by outdoor apparel brands and ...
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Globetrotter’s restructuring measures pay off
Fenix Outdoor International, the owner of Globetrotter, says that restructuring measures at the German outdoor retail group are being implemented and paying off faster than anticipated, which is encouraging Fenix to start considering new store openings again.The Fenix group, which bought out minority shareholders to acquire full ownership of Globetrotter ...
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Go Outdoors studies potential sale
Go Outdoors, the British outdoor retailer with 57 large-scale stores, is studying strategic options that could lead to a sale of at least part of its shares. Go Outdoors said it was in the initial stages of discussions with potential investors, as a means to fuel expansion. Chris Matthews, the ...
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Blacks and Millets break even
The JD Sports Fashion group reported that its Blacks and Millets outdoor stores have reached breakeven for the year to Jan. 30, although the group's entire outdoor retail business remained loss-making due to costs relating to larger Ultimate Outdoors stores.The JD group's outdoor retail division raised its sales by 11.0 ...
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New owners for Sherpa Adventure Gear
Innov8 Partners, an American family-owned investment company that has nothing to do with the British Inov-8 brand of trail running shoes, has made an unspecified investment in Sherpa Adventure Gear. According to a spokesman, it has acquired a majority stake in the company, based in Kent, Washington, and provided much-needed ...
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A bad quarter for Black Diamond
Sales and profit margins took a big hit at Black Diamond during the first quarter of 2016 from currency headwinds and poor sales of ski products in Europe. They also suffered a “perfect storm” from the bankruptcies of some major U.S. retail clients, disruptions in the raw materials supply chain ...
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New sales structure for BD in Europe
The new European office of Black Diamond in Innsbruck is now expected to become operational by June 30. As previously reported, the move should result in a $2.2 million cut in annual operating costs (See The Compass Vol. 9 N° 7-8 of April 14).The relocation of the European office from ...
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Wolverine declines less than expected
While continuing to scout the market for possible acquisitions, Wolverine Worldwide's management is considering another possible review of its brand portfolio, after its recent termination of the Patagonia footwear license and the divestiture of Cushe.Meanwhile, it is doubling investments in market intelligence as it sees the need for product innovation ...
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Columbia delivers another strong quarter
Records were again smashed by Columbia Sportswear in the first quarter ended March 31, as sales increased by 9.6 percent to $525.1 million, up by 12 percent in constant currencies. The rise included sales growth of 7 percent to $51.3 million in Europe, the Middle East and Africa (EMEA), up ...
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VF shows resilience
The Outdoor & Action Sports coalition of VF Corp, with brands such as The North Face, Vans and Timberland, raised its sales by 2 percent to $1.64 billion for the first quarter ended on April 2. They were up by 4 percent in constant currencies, with increases of 8 percent ...
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Outdoor footwear and apparel drive Amer sales rise
Arc'teryx and Salomon both delivered double-digit sales rises for apparel in the first quarter of this year. They contributed to a sales increase of 10 percent to €635.5 million for their Finnish owner, the Amer Sports group, with a broad-based sales hike of 11 percent in constant currencies and an ...
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New products drive Thule’s results
Excluding the snow chain business divested in 2015, the Thule Group's net income from continuing operations increased by 21.5 percent to 169 million Swedish kronor (€18.2m-$20.7m) on 5.5 percent higher revenues of SEK 1,380 million (€148.8m-$169.4m) in the first quarter. The underlying operating profit margin (Ebit) improved to 17.0 percent ...
