Latest News & Analysis – Page 222
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Johnson Outdoors reports higher profits and sales
Johnson Outdoors reported revenues of $134.2 million for the second fiscal quarter ended April 1, up by 1 percent from the same quarter a year ago. The increase was primarily driven by gains in the company's fishing and watercraft recreation businesses. Sales in the company's second fiscal quarter historically reflect ...
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Garmin posts strong Q1 results on lower margins
For the first quarter ended March 26, Garmin recorded $624 million in total revenues, up 7 percent over the same period last year, with the fitness and outdoor segments combined contributing 38.3 percent of total revenues. The company ended up with net income of $88.1 million, up 32 percent, in ...
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Bogs’ sales tumble in the first quarter
Sales of Bogs, the American specialist supplier of waterproof boots, tumbled by 17.0 percent during the first quarter of 2016 compared with the year-ago quarter, primarily due to a mild winter season. The drop followed a sudden 22 percent decrease for Bogs in North America during the last quarter of ...
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Moncler posts 18% sales increase, with growth in all regions
Moncler reported stronger-than-expected sales growth in the first three months of the year, despite a challenging base of comparison and the sector's uncertainties. Revenues for the quarter reached €237.3 million, representing an 18 percent rise compared with the previous year's first quarter, or a 17 percent rise at constant exchange ...
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Rebranding and closures for Ray’s Outdoors
Super Retail Group, the owner of Ray's Outdoors, intends to close or rebrand half of the Australian retailer's 55 outlets. Coming after a strategic review of about 15 months, the restructuring program should cost about 38 million Australian dollars (€24.5m-$27.9m).Super Retail Group anticipates that about AS$110 million (€71.0m-$80.8m) of the ...
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SOG defines its core values
Setting a new record, the annual assembly of the Scandinavian Outdoor Group (SOG), held in Oslo on April 20-21, saw the participation of 32 of its 55 members. The assembly elected a new board of directors, which approved a nice set of “Core Values” for the association.It reads as follows: ...
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The UTMB race raises €324,000 for charities
The 14th edition of the Ultra-Trail du Mont-Blanc (UTMB), the mountain ultra-marathon which takes place annually in the Alps, has found all the 150 solidarity race-bibs available for runners making donations taken up. The organizers guarantee one place in the race, up to a limit of 150 places, to any ...
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Allied Feather & Down attains TDS traceability certification
Allied Feather & Down has been certified by NSF International to the Global Traceable Down Standard (TDS). Certification to the Global TDS can be granted to organizations that demonstrate that the down they process is from farms complying with the highest levels of animal welfare, and that the down is ...
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Timberland announces extended environmental standards
Timberland has announced a set of environmental standards – the Timberland Environmental Product Standards (TEPS) – across all of its product categories. Building on the legacy of its Earthkeepers collection, the company is now setting environmental targets for all product categories, not just one collection. The company has also unveiled ...
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Addnature opens an original hybrid store
Addnature, the Swedish online and offline retailer of outdoor products acquired by the German-based Internetstores group in 2013, on April 1 opened a special type of physical store in central Stockholm, offering products found on its website as well as on that of Bikester, the company's online shop for bicycles.Located ...
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Sanfo will sell Norrøna in China
Beijing Sanfo Outdoor Products has signed an agreement to be the exclusive retailer in China for Norrøna, the technical outerwear company from Norway, for the next three years. This comes after the previously reported joint venture and licensing agreement between Tutwo, the other large Chinese outdoor retailer, with Salewa (Compass ...
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Tutwo goes omni-channel
Tutwo, the leading Chinese outdoor wholesaler and retailer, has started implementing an omni-channel strategy that requires significant adjustments for the company.Tutwo has turned into a huge player in the Chinese outdoor industry, boasting more than 1,100 directly-owned and franchised stores around the country at the end of last year. The ...
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China’s outdoor market sees slower growth, optimism persists
According to the latest report published by the China Outdoor Commerce Alliance (Coca), total retail sales of outdoor products in China grew by 10.51 percent to 22.19 billion yuan renminbi (€3.01bn-$3.43bn) in 2015. Wholesale trade also improved by 12.22 percent to hit RMB 12.31 billion (€1.67bn-$1.90bn) for the year.All signs ...
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Toread more than doubles in size
In a preliminary statement, China's largest supplier of products for outdoor sports, Toread Holdings, reported an increase of 119.2 percent increase in its total revenues of 375.9 billion yuan renmimbi (€51,415.4m-$58,066.1m) in 2015. The strong growth was essentially due to the consolidation of its previously reported acquisitions of Asiatravel.com and ...
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Vivobarefoot beats equity crowdfunding target
As of April 6, Vivobarefoot, the brand of minimalist shoes with patented ultra-thin soles controlled by Galahad Clark, had secured over £1.2 million (€1.5m-$1.7m) from 1,121 investors with just one day remaining to invest, far exceeding its previously set goal of £750,000 (€625,678-$711,383). The largest single investment so far stands ...
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Calida raises its stake in Lafuma
The Swiss lingerie group has reached an agreement to acquire a further 11.63 percent stake in the French Lafuma Group, which owns the Lafuma, Millet, Eider and Oxbow brands, from two institutional investors, Comir and Suparcif. With this transaction, Calida will raise its shareholding in the company to 71.55 percent. ...
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MGM is no longer a joint venture
Enzo Prandina has sold his 50 percent stake in the Italian MGM group, parent company of Trezeta and Kayland and licensee of Fila for inline skates, to his long-time partner Germana Congiu, who owned the balance of 50 percent. They had been sharing ownership of two other former Italian companies ...
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New owner for Tenson after USG bankruptcy
Tenson is poised to expand more rapidly in international markets in the coming years, after the Swedish outdoor brand was acquired at undisclosed terms by Nedvest Capital, a Dutch investment firm.Tenson was previously owned by the Unlimited Sports Group (USG), the leading Dutch sports retailer and wholesaler, which was declared ...
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Peak Performance firms up revitalization plans
The investor day of the IC Group held in Copenhagen on April 6 yielded some interesting details about the Peak Performance brand's sales, while discussing the strategic shift that was detailed in The Compass earlier this year to revitalize the Swedish ski, outdoor, golf and lifestyle activewear brand.A regional breakdown ...
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Mammut sells less
Conzzeta Group, the Swiss holding company that controls the Mammut Sports Group, reports that the Swiss outdoor company's operating result and operational cash flow will be adversely affected in the years ahead by the implementation of a five-year strategic program to improve its performance, after a drop in sales and ...
