Latest News & Analysis – Page 279
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Keen’S Ambitions For New Factory Grow
Just eight months after it opened its factory in Portland, Oregon, Keen is revising upward its estimates of the plant’s capabilities. It started out saying that the factory would make eight footwear styles once it was up and running; now it says that this figure will be 13. Keen opened ...
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The British Oia Shuffles Its Management
The British Outdoor Industries Association is giving itself a new structure for the leadership of the group, effective next September. The current chief executive, Louise Ramsay, will step down from her current position, but will remain on the team.The new structure will have a new part-time chief executive and a ...
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Friedrichshafen Promises Another Record Outdoor Show
Messe Friedrichshafen, the organizer of the OutDoor show, is optimistic that it will have another great show this summer. OutDoor will take place from July 14-17 at Lake Constance. The number of exhibitors from 38 countries will increase once again from last year's level of 868. They currently number 890 ...
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Columbia Posts Strong Growth And Goes Online In Europe
Columbia Sportswear has announced that it will go into online sales in Canada and in up to eight European key markets by autumn 2011. In Europe, these markets are probably going to be the U.K., France, Germany, Italy, Austria, the Netherlands, Spain and Belgium. The move concerns both the Columbia ...
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Vf’S Outdoor/Action Sport Sales Up By 16%
The Outdoor and Action Sports Coalition of VF Corporation increased first quarter sales by 16 percent to $788.2 million, with revenues in the Americas rising by 12 percent and international turnover up by 21 percent.The North Face and Vans, the division’s two largest brands, achieved global revenue growth of 17 ...
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Lafuma’S Outdoor Business Grows Again
Lafuma Group increased sales by 0.8 percent to €122.3 million in the first half ending in March. The period was marked by a return to growth for the greater outdoor business, represented by the Lafuma brand, and for the group’s international operations. However, the surf business, represented by Oxbow, was ...
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The Paw’S Owners Halt Negotiations With Potential Buyers
Jack Wolfskin is no longer for sale. The majority shareholders, Quadriga Capital and Barclays Private Equity, have been busy trying to broker a great deal to sell the skyrocketing German brand, but apparently did not manage to get the money that they wanted. It was said that the bidding period ...
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New Sherriffs In Town At Go Outdoors
3i, the international private equity group, has acquired an unspecified minority stake in Go Outdoors, the large-scale U.K. outdoor retailer, by buying existing as well as newly-issued shares. It has invested 28 million British pounds (€31.2m-$46.2m) in Go Outdoors, which will be used for the retailer’s planned expansion from 30 ...
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Blacks Improves, But Is Not Yet Back In The Black
Blacks Leisure is gradually recovering from its troubled past. The leading British outdoor retailer, which has been seeking a buyer in vain at a reasonable price, ended its fiscal year on Feb. 26 with a pre-tax loss reduced to £5.3 million (€5.9m-$8.7m) from £43.6 million in the prior year.Simultaneously with ...
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Helly Hansen Goes Direct In The U.K.; Earns More
Helly Hansen’s U.K. subsidiary has brought the distribution of all its products in-house as of April 28, precipitating the bankruptcy of a wholesale company, Helly Hansen Distribution UK (HHD UK), that was selling its sports and survival items to independent retailers. The Norwegian company’s U.K. office was previously handling directly ...
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Woolrich Will Launch Technical Outdoor In 2013
Woolrich has announced a contract with an experienced design agency, n3twork, to collaborate in the development of a technical outdoor collection of outerwear, sportswear and accessories, due to be launched globally for the autumn of 2013. The company’s long-standing European partner, WP Lavori in Corso, will take care of its ...
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Murray Will Head Up Deckers In Europe
Stephen Murray, a seasoned American executive who has headed up Vans in Europe in the past, will become Deckers Outdoor Corporation’s new president for Europe, the Middle East and Africa as of June 1, taking care of the subsidiary and distributor businesses in the region for all the brands of ...
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Timberland Is Strong In Sales, Weaker In Profit
Timberland increased revenues by 10.1 percent to $349.0 million in the first quarter ended April 1, driven by Earthkeepers and Outdoor Adventure products. But the top line was significantly below market expectations, which were for sales of more than $360 million.The group’s North American revenues increased by 8.3 percent to ...
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Wolverine Posts A 16.1% Quarterly Increase
Wolverine World Wide increased its guidance for the present financial year after booking a record first quarter, driven by its outdoor and heritage business units. The U.S. footwear and apparel company now sees 2011 sales rising by 10.5-13.7 percent to $1.380-1.420 billion and fully diluted earnings per share (EPS) up ...
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Garmin’S Fitness Sales Rise By 30 Percent
Sales at Garmin’s fitness division rose by 30 percent to $56 million, outpacing other businesses, in the first quarter ending on March 26. This is the first time that the Swiss group, which specializes in personal navigation devices, reports its fitness and outdoor activities separately. The fitness business was supported ...
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Military Delays Hit Johnson Outdoors
Johnson Outdoors’ sales of outdoor equipment, including Silva compasses, Tech40 digital instruments and the Eureka! brand of tents, declined by 25.2 percent to $10.3 million in the second quarter ended April 1 due to delays in orders from the U.S. military resulting from the government’s budget restraint policies.The group also ...
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Rocky Books Profit In First Quarter
Rocky Brands booked a net income of $0.5 million in the first quarter, reversing a loss of $0.6 million registered a year earlier despite a decline in revenues thanks to a sharp improvement in gross margins. The profit is the first recorded in the opening quarter in three years.Revenues slipped ...
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Lacrosse Posts A Loss
LaCrosse Footwear posted a net loss of $0.7 million in the first quarter ended March 26, compared with a net profit of $1.7 million a year earlier, as revenues declined by 26.3 percent to $25.2 million, hit by a drop in military sales.The U.S. footwear company has been trying to ...
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Margins Unscathed As Phoenix’ Sales Drop
Phoenix Footwear’s sales dipped by 8 percent to $17.3 million in the full year ending Jan. 1 as sales of its Softwalk and H.S. Trask lines declined by 5.0 percent and 65.0 percent respectively. Sales of the Trotters line increased by 2.2 percent.Sales of the H.S. Trask brand represented 4.4 ...
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Red Wing Made A Comeback Last Year
Red Wing Shoe Company, the U.S. parent company of Vasque and other brands, recently held its shareholder meeting, where it announced sales for the most recent fiscal year and discussed future plans. Group revenues for the year ended in November 2010 increased by 12 percent to $448 million, according to ...
