Latest News & Analysis – Page 226
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Staff cuts at GoPro after weak quarter
GoPro is letting go 105 employees, or about seven percent of its staff, after another disappointing quarter that sent its shares tumbling down. The maker of action sports cameras announced last week that its sales for the fourth quarter should reach about $435 million, down by more than 31 percent ...
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Partial win for selective distribution in Germany
In a high-profile case around selective distribution, the competition chamber of Frankfurt's higher state court (Oberlandesgericht) has decided that Deuter Sport should be allowed not to deliver to retailers who sell their products through marketplaces such as Amazon. On the other hand, the court found it unacceptable from a competition ...
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Eoca celebrates its 10th anniversary
During 2016, the European Outdoor Conservation Association (Eoca) will be celebrating its achievements since it was formed, ten years ago. Celebrations will kick off at Ispo in Munich, the trade show on Jan 24-27, with the announcement of new members, an after-work get-together event, hosted by Eoca and Keen, and ...
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Outdoor industry stocks rose by 9.8% last year
The publicly listed sporting goods companies performed much better than the overall stock market in 2015 once again, according to an annual research project conducted by our sister publication, Sporting Goods Intelligence. Their combined stock market capitalization rose by 22.7 percent, or a little faster than the 19.3 percent gain ...
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China’s Sanfo lands successfully on the stock exchange - at last
Beijing Sanfo Outdoor Products, which claims to be China's largest specialty retail group in the outdoor sector, had a good start at the Shenzhen Stock Exchange on Dec. 9. The retailer ended up raising about 160 million yuan renminbi (€22.6m-$24.7m) from its long-awaited initial public offering, issuing 17 million new shares ...
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Cotswold and Snow & Rock form Outdoor and Cycle Concepts
Outdoor and Cycle Concepts was formed in the U.K. at the start of November as a joint corporate entity grouping the operations of four retailers: Cotswold Outdoor, Snow & Rock, Cycle Surgery and Runners Need. The four banners were brought together earlier this year after the AS Adventure Group, the ...
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Change of CEO at expanding Cotswold
Greg Nieuwenhuys, chief executive at Bever, the leading Dutch outdoor retailer, is starting from Jan. 4 as chief executive at Outdoor & Cycle Concepts, which formally brings together Cotswold Outdoor, Snow & Rock, Cycle Surgery and Runners Need, as described above. These British retailers and Bever are all part of ...
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Snowleader raises funds for international expansion
Snowleader, a French online retailer specializing in outdoor and winter sports products, has raised €2.5 million from existing and new shareholders. The company said the resources would support the expansion of its international sales, which make up about 12 percent of its turnover, and enable it to seize external growth ...
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The world’s biggest retail chains grew faster in 2014
The 73 biggest integrated sporting goods retailers raised their sales to $92.2 billion in 2014, according to an annual SGI survey, indicating growth of 8.4 percent in local currencies and 7.5 percent in U.S. dollars. This represents a slight acceleration in their expansion as compared to 2013, when their sales ...
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Jarden merges into Newell Brands
Newell Rubbermaid, the parent company of many consumer brands including Rubbermaid, Parker and Waterman, will acquire Jarden Corporation at about $60 a share, including $21 in cash and the balance in shares, and take over its debt of $5.2 billion. The purchase price is 25 percent higher than Jarden's share ...
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Allsport is taking a break
Allsport Moden, the Austrian outdoor and winter sports apparel company, has decided to terminate production and distribution of the Allsport brand after the upcoming summer range. The company wants to take a break to rethink its business approach and to offer its services to other sports and outdoor companies, as ...
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Ludwig Maul delivers in spite of insolvency proceedings
Ludwig Maul, a German company specializing in outdoor apparel, has filed for receivership in Munich, but the company's operations are said to be profitable and its business should continue without interruption.Stephan Ammann from Pluta Rechtsanwalts in Munich, who was appointed as receiver by the bankruptcy court handling the case, said ...
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Swix buys Norwegian bike brand
The Swix Sport Group is further expanding its offering with the acquisition of Hard Rocx, a Norwegian brand specializing in high-end mountain bicycles, which should be completed at the start of next year. The Swix group, which already owns several brands of outdoor and winter sports apparel, footwear and equipment, ...
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Black Diamond will streamline and move its European office
While looking for possible new investments inside and outside the outdoor sector, Black Diamond Inc. (BD) has decided to simplify its structure following the sale of Gregory Mountain Products and Poc in the past two years. The reorganization, which should entail restructuring charges of $3.5 million in the next 15 ...
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Wolverine Worldwide announces executive appointments
Wolverine Worldwide has announced a spate of new appointments. Among others, Seth Cobb has been appointed president of the fast-growing Chaco brand. He replaces Chip Coe, who became managing director of Wolverine in Europe, the Middle East and Africa in September.Cobb has been with the group for more than 15 ...
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Ternua's export drive is on budget
The Ternua Group raised its sales in Europe and Asia by 15 percent this year. Without disclosing the precise turnover figures, the international sales manager of the Spanish-based group responsible for the two regions, Michel Gogniat, says they were in line with an objective to boost total revenues from €27 ...
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Better results for Johnson's outdoor segment
Cost-cutting and unseasonably warm weather conditions helped Johnson Outdoors to turn around to a net profit of $1,167,000 in its fourth quarter ended Oct. 2 from a loss of $876,000 in the year-ago period. Sales increased by one percent to $85.7 million in the seasonally slow period, rising strongly in ...
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Peak Performance down on wholesale adjustments
As Peak Performance continues to adjust its distribution, the turnover of the Swedish ski, outdoor and golf brand declined by 2.8 percent to 343 million Danish kroner (€46.0m-$48.7m) for the quarter to the end of September, but its own retail sales increased sharply and contributed to a rise in operating profit ...
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Camelbak on track after acquisition by Vista Outdoor
The acquisitions of Camelbak and Jimmy Styks pushed up sales of the Vista Outdoor group for the second quarter of its fiscal year. The group's turnover increased by 5.0 percent to $551.4 million for the three months until Oct. 4, with $24 million of added sales from the two buys. ...
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ZDHC acts on leather and wastewater
ZDHC, the Zero Discharge of Hazardous Chemicals program, has added leather to its list of manufacturing restricted substances (MRSL). The new version of the MRSL list, which has been developed by the apparel and footwear brands that are supporting the program, establishes concentration limits for solvents, cleaners, adhesives, paints, inks, ...
