Latest News & Analysis – Page 229
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EOG campaign claims big impact
The campaign launched by the European Outdoor Group (EOG) to support outdoor participation, #itsgreatoutthere, has achieved much more exposure than anticipated. The organization estimates that it reached more than seven million people and probably 15 to 20 million taking into account the exposure of the initiatives launched by partner brands ...
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Scott chief executive buys majority in Transa
Transa Backpacking has a new shareholding structure after the leading Swiss outdoor retailer's founder and majority shareholder, Beat Stünzi, decided to partly pull out and other shareholders cashed out completely. With a stake of 70 percent, the new majority shareholder is International Retail Corporation (IRC), a vehicle set up by ...
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Lipke to leave Globetrotter
While the Fenix Outdoor International group continued to rearrange its retail activities, Thomas Lipke relinquished his function of chief operating officer at Frilufts Retail Europe, the company owned by Fenix that encompasses Globetrotter Ausrüstung in Germany along with Naturkompaniet in Sweden and Partioaitta in Finland. Fenix said that Lipke would ...
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Retail restructuring costs affect robust Fenix group
Restructuring costs of €4.9 million at Globetrotter badly affected the results of the Fenix Outdoor International group's retail business for the second quarter. However, thanks to the robust performance of its brands and retail operations outside Germany, the entire group's operating profit excluding restructuring costs was still on the rise ...
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JD makes some progress in outdoor retailing
Led by the Blacks and Millets chains of outdoor specialty stores in the U.K., the Outdoor Retail segment of JD Sports Fashion booked an encouraging 10.9 percent sales increase to £68.3 million (€93.6m- $105.8m) for the first half of the group's financial year, ended on Aug. 1.The segment delivered a ...
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Sportarena to close specialty outdoor stores
Sportarena, the specialist sports entity of Galeria Kaufhof, is closing down two of its outdoor stores trading as Wanderzeit, due to the sluggishness of the German outdoor market. The company said that the Wanderzeit store in Hamburg is scheduled to close at the end of this year and another store ...
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Intersport enters Ukraine
Ukraine has become the 45th country in which Intersport will be represented, following a license agreement signed with Epicentr K, a retail group with annual sales of close to €2 billion that operates 65 large-scale hypermarkets and do-it-yourself markets in the country. It is the clear market leader in the ...
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Sport 2000 enters Sweden and Finland
Sport 2000 International is covering all the Nordic countries now that Team Sportia of Sweden and SGN Sportia of Finland have both decided to join the international buying group. SGN Sportia had acquired a controlling stake in the Swedish buying group at the end of last year.Both Sportia and Team ...
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Royal Robbins' owner targets more acquisitions, names CEO
More and more companies are announcing their intention to participate in the inevitable, further consolidation of the outdoor sector. Joining the likes of Vista Outdoor, Samsonite, Wolverine Worldwide and others, an American investment company based in New York, Bruckmann, Rosser, Sherill & Co. (BRS), shared its interest in further acquisitions ...
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Vista Outdoor sees more synergies and acquisitions
Vista Outdoor, the new company that bought Camelbak and Jimmy Styks for $450 million a few weeks ago, has already indicated that it wants to make more acquisitions in the outdoor space. Executives of the company, which is seeking to diversify from the firearms and ammunition sector, stated at the ...
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Backpacks boost Samsonite’s revenues
The expansion in Europe and Asia of High Sierra, the American brand of backpacks acquired in the second half of 2012, and the acquisition of Gregory Mountain Products a year ago, combined with the success of the Samsonite Red sub-label in Asia, helped to raise the revenues generated by Samsonite ...
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Peak Performance reaches an Ebit margin of 11.2%
Peak Performance raised its sales by 4.1 percent on a currency-neutral basis during the financial year ended June 30, driven by higher sales at its own stores. Not including factory outlets, same-store sales went up by 13 percent at the brand's physical stores and through e-commerce, especially in the second ...
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Amer wants to grow by 6.5% a year
After building up its annual turnover from about €1.5 billion to €2.5 billion in the last five years, Amer Sports wants to raise it further to €3.5 billion in the next five years. The compound annual average growth rate would thus increase from 5 to 6.5 percent. The management wants ...
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Sanfo enjoys strong sales growth, but profits suffer
The large Chinese specialty outdoor chain booked a strong increase in turnover in 2014 and reached total sales of 360 million yuan renminbi (€50.6m-$56.4m) compared with RMB300 million in the previous year. In 2014, the retailer had 36 stores in 12 cities with new outlets in Suzhou and Wuxi as ...
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Briscoe gives up on Kathmandu for now
Kathmandu Holdings, the international outdoor retailer based in New Zealand, will continue as an independent company, at least for some time, giving its new management time to adjust its internationalization program and other aspects of its business.The unsolicited takeover bid made on July 22 by Briscoe Group, another New Zealand ...
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Berghaus advances in U.S. market
About two years after its decision to open an office in Portland, Berghaus has established U.S. distribution through a dozen reps and nearly 100 accounts. The British brand implemented its strategy to offer its global range, focusing on technical and sustainable products.The move by Berghaus to open a U.S. subsidiary ...
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Kamik’s expansion requires extra capacity
Kamik Footwear wants to expand its production by about 20 percent after an outstanding winter season in North America. The Canadian outdoor footwear company's turnover soared by nearly 40 percent last year, and it was sold out in North America before the end of the winter season.Genfoot, the company that ...
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Strong exposure for the EOG's latest campaign
The European Outdoor Group (EOG) says it welcomes the success of its first consumer-facing communications campaign around the “It's Great Out There” slogan, whose results exceeded its expectations. Designed to raise participation in outdoor activities among the general public, it engaged more than seven million people directly over the past ...
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New action in Brussels
There was a lot of action in Brussels earlier this month, in connection with the first European Week of Sport and the inauguration of a new House of Sport accommodating the Federation of the European sporting goods industry (Fesi) and other sports-related associations under the same roof. They will be ...
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Sports hardware fakes worth €500 million are sold each year in Europe
Counterfeiting of soccer balls, golf clubs, tennis racquets, skis, sports helmets and other types of sports equipment costs the European sporting goods industry €500 million a year in terms of ex factory values, according to a new study conducted by the Office for Harmonization in the Internal Market (OHIM). An ...
