Latest News & Analysis – Page 243
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Fewer visitors at Asia Outdoor and questions about Ispo Shanghai
There was little change to the number of exhibitors at the ninth edition of the Asia Outdoor trade show, held in Nanjing on July 26-29, although they occupied fewer halls. The number of participating firms was up slightly to 613 from 610 a year ago, as the organizers managed to ...
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Sanfo eyes running for future growth
Sanfo, one of the leading specialty outdoor retailers in China along with Tutwo, has decided to turn to running specialty retailing as this category has been showing interesting developments, starting from virtually nothing a few years ago. Sanfo is determined to equip its existing shops with specialty running corners. On ...
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Fraspens to float
Fraspens, a Chinese outdoor brand, is hoping to raise about £4 million (€5.01m-$6.73m) on the AIM stock exchange in London, to finance its expansion into more Chinese provinces and invest in marketing. The company describes itself as the seventh-largest outdoor brand in China, with sales equivalent to £39 million (€48.88m-$65.61m) ...
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More resources for apparel and footwear at Amer Sports
Amer Sports, the multi-brand Finnish sports company, said it was starting the second part of its restructuring measures to ease the turnaround of its ball-sports business. It wants to put more resources behind strategic categories such as apparel and footwear as well as own retail sales, which should support the ...
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Europe and footwear lift Columbia
A rebound in European sales helped Columbia Sportswear to post a 15.6 percent increase in total revenues to $324.2 million for the second quarter ended June 30. For the whole Europe, Middle East and Africa (EMEA) region, they were up by 39.1 percent to $72.9 million in the quarter, with ...
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Jarden posts some growth in outdoor
For the second quarter ended June 30, Jarden Corporation, owners of Coleman, K2, Marker, Shakespeare, Völkl and many other sports and outdoor brands, reported a marginal sales increase in its Outdoor Solution segment to $754.9 million from $741.1 million in the same period of a year ago. Particular strength was ...
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Lafuma’s sales shrink as it targets more profits
The Lafuma Group wants to focus its three main outdoor brands - Lafuma, Eider and Millet - on different segments of the broad outdoor market.Lafuma is going to develop mostly in the urban outdoor and sports lifestyle market, particularly through its physical and online stores.The more expensive and technical ...
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Deckers grows by 24.3%
Deckers Outdoor Corporation, which recently changed its fiscal year-end to March, has raised its outlook for sales and earnings in the current financial year after reporting a 24.3 percent boost in total revenues to $211.5 million for its first quarter ended on June 30. All its main brands contributed to ...
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Europe is a bright spot in Crocs’ revenues
Crocs saw its revenues increase by 3.6 percent to $376.9 million in the second quarter ended June 30, in line with the company's expectations. On a constant currency basis, they went up by 3.5 percent. For the three months, the company posted a net income of $19.5 million, down from ...
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Timberland names Whitney as new brand president
Timberland has promoted Stewart Whitney, who is currently vice president and managing director for the Timberland and Napapijri brands in Asia, to brand president effective Oct. 5, 2014. Whitney will report to Patrik Frisk, who has held what is to become Whitney's new position since the brand's acquisition by VF ...
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Conzzeta offers new shares, gets out of automation
Conzzeta, the parent company of Mammut Sports Group, announced today that it will be offering 14,712 new A shares on the SIX Swiss Exchange to public shareholders in proportion to their present stakes between Aug. 14 and 28. They will be able to subscribe to the new shares on a ...
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Ignite to be sold to Newell Rubbermaid
Ignite Holdings, a Chicago-based maker of reusable water bottles and travel mugs sold under the Contigo and Avex brands, will be acquired by Newell Rubbermaid for $308 million. The purchase price is subject to customary working capital adjustments. Ignite is currently owned by North Castle Partners, a private-equity firm based ...
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Generation shift at Five Seasons
Changes are afoot at Five Seasons, the Swedish outdoor brand, after the 31-year-old Erik Johansson took over from his father Gunnar Johansson as chief executive of the family-owned company earlier this year. For the past six years, he has been active in the financial markets in Switzerland and now has ...
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Point 65 buys Boblbee
Point 65, a Swedish kayak company, has expanded its product line by acquiring Boblbee, a company known for its backpacks with hard cases. The founder of Point 65, Richard Öhman, said that the deal is the company's first step in transitioning to become a global outdoor brand.All of Boblbee's operations ...
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China’s outdoor market denies economic slowdown
In 2013, the core outdoor market in China grew by 16.2 percent to 15.38 billion yuan renminbi (€1.82bn-$2.48bn). This is one of the many interesting findings of an annual market research project commissioned by the China Outdoor Association (COA) and the organizer of the Asia Outdoor trade show, which will ...
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Outdoor did better than ski in 2013
As we reported in the last issue of the Compass, the European outdoor market increased by 3.1 percent at the wholesale level last year according to the annual market research study conducted by the European Outdoor Group (EOG), reaching an estimated level of €4,776 million. Extrapolating mark-ups, the EOG has ...
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The OutDoor fair progresses
The 21st edition of the OutDoor show in Friedrichshafen went relatively well. The overall atmosphere was upbeat, the business climate was generally positive and the total number of daily visits went up by 2.1 percent to 21,912 as compared to last year, in spite of the uncertain economic climate and ...
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Double-digit sales hike for TNF
The North Face enjoyed a sales hike of 11 percent for the second quarter of its financial year, until 28 June. The rise was driven by an improvement of 37 percent in its own retail sales, against a low single-digit increase in the brand's wholesale business. Sales are on track ...
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Ternua will work together with Lorpen
The Lasa family, majority shareholder in the IASA Group, which manages two Spanish brands, Ternua and Astore, has acquired a majority stake in Lorpen, the Spanish brand of technical socks. Lorpen faced financial problems during 2013, leading to a request for voluntary bankruptcy protection for Industrias Savidai, the company that ...
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Fenix Outdoor becomes Swiss
The Fenix Outdoor Group has formally moved to Baar in Switzerland and turned into Fenix Outdoor International AG, after a series of administrative and financial changes that were set in motion about two months ago. However, the company will continue to operate from Örnsköldsvik and it remains in the hands ...
