Latest News & Analysis – Page 272
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Dutch outdoor distribution swaps
Snowgoose, the Dutch distributor of Haglöfs as well as Dale of Norway and La Sportiva, has decided to suspend its operations. The distributor's longstanding owner, Marcel Koomen, is taking a break for personal reasons, and the three brands handled by the company have all opted for alternative structures and partnerships.Haglöfs, ...
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New chiefs for Peak Performance
IC Companys, the Danish owner of Peak Performance and 10 fashion labels, reported that the turnover of that Swedish winter sports, outdoor and golf apparel subsidiary increased by nearly 6 percent to the equivalent of 975 million Danish kroner (€131.1m-$176.5m) for the 12 months through the end of September, which ...
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Silva encompasses deal with Salewa
Starting in January 2012, Silva, the Swedish maker of compasses, headlamps and accessories, will use Salewa as its agent for Germany, feeding the market out of its own warehouse. Marcus Haas, Silva's international sales director confirmed that the deal will go along with the shutdown of Silva's subsidiary in the ...
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Ventilated Glagla shoes see sales double internationally
In addition to numerous shoe shops around the world as far away as Israel or Australia, major outdoor retailers such as Globetrotter in Germany have adopted a relatively new brand of trendy high-tech walking shoes, called Glagla, that can be used for hiking and other outdoor sports. Launched by an ...
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Eschler pulls production out of Switzerland
The Swiss industry, already hard hit by the larger-than-life Swiss franc compared with the euro at the wholesale and retail levels, has begun to count casualties in the domestic production apparatus. Christian Eschler AG, the Swiss manufacturer of high-performance fibers and fabrics, has decided to shut down its own plant ...
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Patagonia encourages conspicuous nonconsumption
As the holiday shopping season gets well under way, Patagonia is encouraging shoppers to … not buy things. Starting on Nov. 25, “Black Friday” in the U.S., the biggest retail day of the year, Patagonia kicked off the first of five R's in its Common Threads Initiative, geared toward reducing ...
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Outdoor is badly hit at Johnson Outdoors
Hit by a sharp decline in its outdoor sales because of lower orders from the U.S. military, Johnson Outdoors just about stabilized its sales for the last quarter of its fiscal year, through the end of September. The American group ended the three months with total revenues of $77.4 million, ...
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Leading outdoor retailers call for more transparency
(part 2 from the recent European Outdoor Forum held in Annecy)Another much-awaited part of the European Outdoor Forum was a retail panel bringing together four leading outdoor retailers from Europe, China and Canada. They discussed ways to stimulate the industry while protecting it from price battles and all sorts of ...
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Adidas acquires Five Ten footwear
The Adidas Group has agreed to take over Five Ten, the family-owned Californian brand, to complement its own offering of outdoor footwear with more specialized climbing and mountain biking products.The two parties have agreed on a price of $25 million in cash, and contingent payments depending on the performance of ...
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Bergans walks away from master deal with Gresvig
Gresvig, the largest buying group in Norwegian sports retailing with the G-Sport, G-Max and Intersport banners, has lost yet another weighty outdoor supplier: Bergans decided not to renew its central purchasing agreement with its largest retail customer and will start dealing instead with XXL, another Norwegian retailer that is shaking ...
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A.S. Adventure parts ways with Belgian chief executive
Eric Leemans, chief executive of A.S. Adventure, the Belgian outdoor retailer, left the company recently, due to strategic disagreements with Frederic Hufkens, chief executive of the A.S. Adventure Group, which owns the Belgian chain as well as Bever in the Netherlands and Cotswold Outdoor in the U.K.Leemans, who joined in ...
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Blacks Leisure’s situation worsens
The situation worsened in the first half for Blacks Leisure Group, as sales declined and losses widened for the British outdoor and sporting goods retailer. Nevertheless, the group's new management, led by Julia Reynolds, who joined the company as chief executive on Aug. 1, sees clear potential for a turnaround ...
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Deuter carries big turnover
Deuter managed to increase its sales by 19.3 percent to €61.3 million during the fiscal year of its parent company, Schwan Stabilo, which ended last June 30. By region, Deuter's sales were fueled by good performance in the U.S., where the brand's turnover jumped by 52 percent. In the German ...
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Mammut hires top personnel in Norway and for head office
Mammut Sports Group has appointed Andy Ernst as its new head of sales for the group's European division. The 37-year-old worked at Under Amour, the athletic apparel brand, as senior sales manager at its European headquarters in the Netherlands. Altogether, the Swiss native spent seven years in that country. Ernst ...
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Winter, outdoor sales underpin Amer’s growth
Amer Sports increased sales by 20 percent in the third quarter to €559.2 million thanks to a strong performance of the winter and outdoor division, which benefited from earlier deliveries and higher pre-orders than the previous year for winter sports equipment. The top line of the Finnish group rose by ...
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Booming Ugg’s parent forms French subsidiary
Deckers Outdoor Corporation, which is the parent company of Ugg and other footwear brands such as Teva, has already taken over distribution in the U.K. and the Benelux countries. It was handling the French market from its Dutch office, but it has now decided to set up a full-fledged subsidiary ...
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VF Corp. raises guidance after a good quarter
After a stronger-than-expected third quarter, VF Corporation's management is again revising its guidance for the current financial year. It told analysts that the group's total revenues should grow by between 22 and 23 percent, including an organic increase of 12 to 13 percent. Earnings per share are expected to hit ...
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Jarden’s outdoor segment grows by 17%
At $707.3 million, sales of the Outdoor Solutions segment of Jarden Corporation were only half those of VF Corporation's Outdoor & Action Sports Coalition in the third quarter. They were up by 17.0 percent from the corresponding level a year ago, and they generated a 24.7 percent higher profit of ...
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Columbia posts strong quarter; explains retail strategy
Columbia Sportswear reported a 12 percent increase in third-quarter sales to $566.8 million, with a currency-neutral gain of 9 percent. Net income went up by 29 percent to $67.5 million, due in part to lower air freight charges. The biggest growth drivers were the Europe, Middle East and Africa (EMEA) ...
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Black Diamond outperforms its forecast
The growth rate increased to 24 percent for the third quarter, allowing Black Diamond to reach a record level of $42.0 million for the period. While volumes increased for all the 27 product categories covered by the group, 4 percentage points of the growth came from foreign exchange currency conversions, ...
