Latest News & Analysis – Page 265
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Adidas Outdoor wants to become No. 3 in China
Adidas Outdoor has ambitious plans to improve its presence on the Chinese market with a major rollout of stores exclusively dedicated to the three-striped outdoor gear. In 2009, Adidas Outdoor made it into China, and in September 2011 it opened its first single- brand store worldwide exclusively devoted to outdoor ...
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Mammut starts business in China
Mammut Sports Group, a company that has not been active on the Chinese market so far, will open up its own subsidiary with an office in Beijing, operating by the turn of 2012 and 2013. Currently, the Swiss group is looking for personnel to get the new operations going.At the ...
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China’s Sanfo may not be strong enough for a successful IPO
The example of Sanfo, China's leading specialty outdoor chain, highlights how overstretched the expectations from the local outdoor industry might be. The chain's figures for the current year are promising, but perhaps not powerful enough to make it successfully to the stock exchange, a plan that the owner, Heng Zhang, ...
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Deckers invests in Hoka One One
Deckers Outdoor Corporation has announced a “strategic investment” in Hoka One One, the new and special brand of oversized trail running shoes first introduced for the autumn/winter 2010/11 season by Jean-Luc Diard, a former chief executive of Salomon, and by his former marketing manager, Nicolas Mermoud.As we have subsequently learnt, ...
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Deckers posts a higher loss, Teva declines
Deckers Outdoor Corporation, parent company of Teva, Ugg, Sanuk and other brands reported a lower loss than expected for the second quarter ended June 30. It amounted to $20.1 million, up from $7.5 million in the same period a year ago, on 13.1 percent higher overall revenues of $174.4 million.While ...
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Columbia posts improved quarterly results
Columbia Sportswear reported an increase in consolidated net sales of 8 percent to $290.4 million for the second quarter, and the company's seasonal loss declined by 42 percent to $7.9 million. Changes in currency exchange rates caused had a negative effect of one percentage point.Sales growth in the quarter was ...
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Jarden’s outdoor down by 3.2% in the quarter
Reporting its results for the second quarter ended June 30, Jarden Corporation said that the revenues of its Outdoor Solutions unit fell by 3.2 percent to $747.3 million, compared with the same period in 2011. The operating margin of the segment was off by 2.6 percentage points to 12.8 percent ...
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Johnson Outdoors reports growth, except for diving
Johnson Outdoors reported a 5 percent increase in total net revenues to $128.6 million during the third fiscal quarter ended June 29, compared with the same quarter a year ago, with new products generating more than 40 percent of total sales. Currency translations had a negative 2 percent impact on ...
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Amer’s investments buoy sales but sink income
Driven by winter and outdoor apparel, Amer Sports managed to lift its sales by 12 percent to €353.8 million in the second quarter, which was an increase of 5 percent in constant currencies, but abundant investments in own retailing and emerging markets dug a hole in the company's earnings.Sales were ...
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Black Diamond’s sales grow by 13%, but net loss increases
Total sales for the Black Diamond group, based in Salt Lake City, were $31.9 million in the second quarter ended June 30, a 13 percent increase from the year-earlier period. The gross margin increased to 39.1 percent, compared with 38.9 a year ago, due to a favorable mix in higher ...
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Quarterly rises for Garmin
Garmin's revenues from its outdoor segment increased by 24 percent to $100 million in the second quarter of 2012. Those of the fitness segment increased by 5 percent to $82 million, compared against a strong performance in 2011. The company's overall sales increase amounted to 7 percent. Turnover reached $718 ...
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More outdoor brands go for a total look
While Scarpa and some other brands of outdoor shoes want to focus on their core business, at least two brands, Inov-8 and Kamik, are diversifying for a more complete look. They are coming out with their first apparel lines in the wake of the likes of La Sportiva or Merrell.Kamik ...
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Asia Outdoor sees itself as bronze medalist among the global outdoor shows
German Messe, the organizer of the Asia Outdoor show held in Nanjing for the seventh time from July 26-29, is happy with the attendance at this year's edition: The number of exhibitors improved from 452 last year to 570. The exhibiting surface increased from 42,000 to 48,000 square meters. The ...
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Outdoor Retailer ended on a strong note
According to preliminary estimates, the number of visitors increased by about 2,000 to around 27,000 at the Outdoor Retailer Summer Market, which ended last Sunday in sunny Salt Lake City with good vibes and on a strong note, in spite of continued worries about the weather and inventories.An early warm ...
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The outdoor brands invoiced 14.5% more for footwear in 2011
According to our annual survey of the market, sales of branded outdoor shoes grew by 14.5% at the wholesale level in 2011 worldwide in terms of U.S. dollars, with increases of 9.6 percent in the U.S. and 18.6 percent in the rest of the world. This was better than the ...
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Slower growth for the Chinese market after huge expansion
The Chinese outdoor business enjoyed a halcyon year, with sales soaring by 57.8 percent to about 11 billion renminbi (€1.4bn-$1.7bn) at retail in 2011. The huge growth was driven by a spate of store openings and more abundant sales in existing stores as outdoor brands became increasingly fashionable, but the ...
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Well-educated middle-aged men drive the Chinese market
The average Chinese outdoor consumer is likely to be a man of 33 years, with a university degree and an average income of about RMB 14,000 (€1,800-$2,220) – at least that is the profile that emerged from the consumer research launched by the organizers of Asia Outdoor last year, in ...
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The North Face continued its success story in the quarter
The North Face has been enjoying strong sell-through at retail, leading to pre-orders that were up by a low-double-digit rate at the end of June. This came after a robust performance in the second quarter, during which the outdoor brand's turnover increased by 14 percent in dollars and by 16 ...
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Samsonite to buy High Sierra
Samsonite, the big international luggage group quoted on the Hong Kong Stock Exchange, has reached an agreement to acquire High Sierra Sport Company, an American company specializing in the production of backpacks and other casual, outdoor and sports bags.The international reach of Samsonite should also help High Sierra to widen ...
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Regatta moves into Scandinavia
The Regatta group, the British owner of the Regatta, Dare2B and Craghoppers brands, is preparing to open its own business in Sweden this year. The group is searching for the right manager for this new sales subsidiary, which could cover Sweden as well as some other Nordic countries and the ...
