Latest News & Analysis – Page 255
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Johnson’ earnings jump by over 50% on stable sales, outdoor is up
Johnson Outdoors reported net income of $13.7 million in the third quarter ended June 28, 2013, a 52 percent increase over the same quarter last year, reflecting changes in foreign tax valuation allowances that significantly reduced the company's effective tax rate year-on-year. Net sales in the quarter increased slightly to ...
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Outdoor outperforms at Garmin, too
Garmin reported a 6 percent increase in revenues for its Outdoor segment to $106.9 million in the second quarter, ended June 30. The growth was led by products for golf, dog tracking and training. The Fitness segment grew by 3 percent to $84.2 million on the back of new cycling ...
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Tutwo is building China's largest outdoor store in Zhenzhou
Tutwo, a big Chinese retailer and wholesaler based in Xiamen, intends to open the largest specialty outdoor store in China in Zhenzhou, the capital of the Henan province, by the end of this year. The planned selling surface is a stunning 10,000 square meters. Zhenzhou is placed in the wealthier ...
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Grifone makes it into China through the internet
The Spanish brand of outdoor apparel is about to enter the Chinese market through a very specific business approach: Grifone has partnered with Shanghai Yihaoying E-Commerce, which specializes in online retailing on behalf of outdoor brands. Yihaoying already runs exclusive or authorized internet shops for The North Face, Osprey, Mobi ...
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Growing up by cooling down in China
(Analysis by Markus Huber, who is handling the outdoor section of a report on the Chinese sporting goods market that we plan to put out in 2014) - After a few roaring years of massive double-digit growth, it is becoming clear that the Chinese outdoor market needs to be cleaned ...
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Market growth is softening in Korea
Depending on the definition, South Korea remains the world's second-largest market for outdoor products after the U.S. It is still much larger than the Chinese outdoor market, but its growth is slowing down after rising by more than 30 percent in each of the last three years.According to an authoritative ...
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The outdoor scene heats up in India
Columbia Sportswear has announced an agreement with Chogori India Retail to be its exclusive distributor in India, effective immediately. The announcement comes at a time when other outdoor brands are becoming more active in a largely untapped market that seems to hold great promise for the future.Founded in 2000 by ...
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Industry conventions focus on retailing
More and more companies and individuals are signing up for the European Outdoor Summit (EOS) due to be held in Stockholm next Oct. 16-18, leaving only 53 tickets left. Meanwhile, the European Outdoor Group and the Scandinavian Outdoor Group, which are organizing the event, have completed the program of the ...
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Cotter leaves Berghaus for Snow + Rock
Richard Cotter, who has successfully run Berghaus for the past seven years, is leaving the company at the end of August to act as the new chief executive of Snow + Rock, starting on Sept. 9. At Snow + Rock, Cotter will take the place of Hamish Mansbridge, who has ...
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Petzl and Béal sort out their divorce
There were many whispers and rumors in Friedrichshafen on the future of the partnership between Petzl and Béal , the two French companies that have been climbing mates for decades in terms of global distribution and product supply. Shortly before the OutDoor show, the news came up – as reported ...
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Lafuma plans major refinancing
While reporting a double-digit decline in its sales for the nine months ended June 30, Groupe Lafuma said last week that it is in an active phase of negotiations with its bankers about a comprehensive refinancing program that will involve a significant equity increase.The French group's revenues for the nine-month ...
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Columbia predicts a lower Ebit for the year
Columbia Sportswear reduced its net losses by 10 percent to $7.08 million in the second quarter, as compared to the same period a year ago, although its sales went down by 3 percent to $280.5 million, with one percentage point due to negative currency effects. The gross margin improved to ...
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Weather affects Jarden’s outdoor operations
Traditionally, the second quarter is seasonally weak also for Jarden Corporation's Outdoor Solutions segment. This division, which comprises 21 different sports brands including Coleman, Ex Officio, K2, Marmot, Rawlings, Shakespeare and Zoot, booked a 6.1 percent decline to $741.1 million for the period, as the wet and cold weather in ...
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Rossignol plans outdoor diversification under new ownership
The 106-year-old French ski company, which had previously made a diversification into golf as a counter-seasonal activity, said also in a public statement that it plans to use Altor Equity Partners' successful experience in the apparel sector for the deployment of its own apparel offering, which was managed for a ...
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Sports Direct seeks a stronger role in outdoor
Sports Direct International (SDI), the big British sporting goods retailer that lost out a fight for control of the Blacks and Millets outdoor retail chains to JD Sports Fashion a couple of years ago, has acquired a majority stake in Yeomans. This British chain of 70 outdoor stores sells tents ...
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Amer raises sales by 7%
Despite the cold and wet spring, which dampened enthusiasm for tennis and cycling, the Amer Sports group enjoyed rising sales in nearly all categories as well as a small improvement in its earnings. The Finnish owner of Wilson, Salomon, Atomic and other brands saw its sales grow by 7 percent ...
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Deckers loses Teva sales
Teva's sales declined by 8.4 percent to $31.2 million in the second quarter, and Ugg's sales decreased by 6.9 percent to $100.4 million, and Sanuk went up by 7.5 percent to $30.1 million. Together, the three brands had a 2.5 percent drop in second-quarter revenues to $170.1 million. The parent ...
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The North Face and Vans make up for sluggish Timberland
The Outdoor and Action Sports division at VF Corporation lifted its sales by 6 percent to $1.1 billion for the quarter ended June 29, driven by The North Face and Vans as in many previous quarters, while Timberland was in decline. The unit saw its sales rise across the U.S. as well ...
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The North Face adjusts its strategy for China
The U.S. brand made a statement at the eighth edition of the Asia Outdoor show that ended in Nanjing last Saturday. The North Face showed with a massive booth there to attract independent retailers attending the show. Jacob Lee Uhland, general manager of TNF Asia since the beginning of last ...
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Northland China looks into Lowa and outlines new strategies
B.C. Sports Group, the Chinese licensee of the Austrian outdoor brand Northland, is looking into future growth. Its general manager, Steve Huang, told The Compass at the Asia Outdoor show in Nanjing that he is set to bring the company to the stock exchange. The required information was submitted last September, ...
