Latest News & Analysis – Page 268
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Flat sales at Johnson
Johnson Outdoors reported essentially flat sales of $128.7 million for the second quarter of its financial year, ended March 31. The gross margin declined to 39.3 percent from 41.1 percent, but operating earnings rose by 22.4 percent to $14.0 million, thanks in part to a favorable $3.5 million settlement with ...
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Outdoor is one of Garmin’s best segments
Garmin recorded a 16 percent increase in the revenues of its outdoor segment to $77 million in the first quarter, thanks in part to continued good performance for the company's expanding range of golf products. Dog tracking and training systems contributed to the growth, too.An even higher 26 percent increase ...
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McTrek is on track, but cuts its Sine roots
Yeah! AG, the holding company that owns McTrek, the discount-oriented German specialty chain, managed to increase its sales by 17 percent to €26.2 million in 2011. The growth rate did not occur on a comparable basis because the chain opened four more stores last year. Another store opened in Rosenheim, ...
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MBO at Primaloft
Albany International has agreed to sell its Primaloft insulation business to a newly created company, Primaloft Inc. The deal is a management buyout orchestrated by Primaloft's senior management, led by Michael Joyce, who previously acted as president of Albany's Applied Technology Group. The transaction is worth some $38 million and ...
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Original Buff banks on apparel for growth
The Spanish company, famous for its colorful bandanas, will show a wider range of clothing at the OutDoor fair in Friedrichshafen in July, after presenting its first winter apparel line at Ispo in Munich last February.The potential is big, considering that distributors and retailers have adopted Original Buff's 4-year-old apparel ...
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Camelbak’s new owner sells one of its companies
Compass Diversified Holdings (CODI), which bought Camelbak Products last August, has sold its majority stake in Halo Holding Corporation, a leading supplier of promotional products that it acquired five years ago, for a total enterprise value of $76.5 million. Because of the debt related to Halo, the transaction will not ...
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Lake Constance formally secures long-term OutDoor contract
After our reporting back in autumn, it has been no surprise that Messe Friedrichshafen would get a new assignment to host the OutDoor show beyond 2013. Contrary to earlier agreements, the contract is no longer limited to five years, but will be a “rolling” one. That means that the agreement ...
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Brazilian outdoor show thrives among consumers
Held in São Paulo on April 19-21, the 13th annual edition of the Adventure Sports Fair (ASF) looked very busy, welcoming 268 exhibitors and a total of about 54,000 visitors – mostly consumers – on more than 15,000 square meters of space. The figures are not quite comparable with those ...
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OR organizers still adding new attractions for Summer Market
As the outdoor industry counts down to the Outdoor Retailer Summer Market, being held Aug. 1-5 in Salt Lake City, organizers are adding new events and programs every week. More than 850 past exhibitors are returning, and more than 300 are making their debut.New events have been added to the ...
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Weather hurts Columbia in Europe
The warm weather and economic issues were blamed for a 14 percent decline in Columbia Sportswear's European sales in the first quarter of the year, down to $38.1 million, amounting to a drop of 11 percent in constant currencies. The weather mostly impacted sales of Sorel footwear, and Columbia brand ...
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TNF is unruffled by warm weather
After another robust quarter, The North Face will strive to reduce its product offering by about 15 percent by the second half of next year, as part of its efforts to make its product range more focused, its retail displays more hard-hitting and its margins more attractive.The outdoor and action ...
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Salewa takes Czech and Slovak business in its own hands
The Italian company is building its own subsidiary for the Czech Republic and Slovakia. Located in Brno, Czech Republic, the company will be led by Branislav Adamec. The Slovak executive is licensed by the International Mountain Guide Association and has spent about 15 years in the outdoor industry. Adamec has ...
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Outlast is in new hands
Outlast Technologies, the Boulder-based specialty company for so-called phase change materials, has new owners: The investment company Golden Equity Investments based in Colorado as well. It is, according to Martin Bentz, managing director of Outlast Europe, a relatively new private equity investor specializing in small and medium-sized companies that have ...
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Amer predicts lower winter sports pre-orders
Buoyant apparel and footwear sales pushed the Amer Sports group's sales up by 9 percent to €489.8 million for the first quarter, with an increase of 7 percent in constant currencies, but the company's winter sports unit was hurt by the mild winter and the group warned that its pre-orders ...
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Wolverine buys Sperry and other brands
Wolverine World Wide has won the bidding for the Performance + Lifestyle Group (PLG) of Collective Brands, which includes Saucony, Sperry Top-Sider, Stride Rite and Keds. It will pay $1.23 billion for these operations, which were the milk cow of the loss-making company. They will add revenues of about $1 ...
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Wolverine’s sales, orders are hit by European recession
Wolverine World Wide blamed the recession that is hitting many of Europe's economies for a 2.4 percent drop in its revenues to $322.8 million in the first quarter ended March 24, falling below the company's and financial analysts' expectations. The situation in Europe also affected the group's order backlog, which ...
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International sales drive Lafuma’s growth
The Lafuma group saw its turnover increase by about 8 percent to €132.1 million, as ample gains by the group's outdoor brands more than made up for a sharp decline in the sales of the Oxbow surf brand. The expansion was largely driven by international sales, which jumped by 15.8 ...
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Wolverine sets up joint ventures in India and Colombia
Wolverine Worldwide has created joint ventures in India and Colombia as part of its efforts to expand internationally through a direct presence, starting off with its Merrell and Caterpillar Footwear brands. The group believes that setting up joint ventures will enable it to have more clout in developing brands than ...
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Salomon’s hard-hitting Argentine partner turns to Brazil
Winners from Argentina has far-reaching plans for its development in Brazil, after it obtained licensing rights for the Salomon and Wilson brands in the country. Winners has held the same rights for several years in Argentina, where it has built up a remarkably juicy business for Salomon.The switch in Brazil ...
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Kathmandu’s profit fell due to price wars
Kathmandu, the big outdoor retailer from New Zealand with 116 specialty stores in that country as well as in Australia and in the U.K., posted15.4 percent growth in sales to NZ$146.7 million (€90.9m-$120.2m) for its first half, ended Jan. 31. Gross profit was up by 11.9 percent to NZ$92.0 (€57.0m-$75.4m), ...
