Latest News & Analysis – Page 291
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Outdoor Again Leads Wolverine’S Good Results, Outlook Improves
Wolverine World Wide has reported that its revenues grew by 11.6 percent to $284.9 million in the first quarter of 2010, including a 3.6 percent gain from foreign exchange. Adjusted for restructuring and related charges in both years, gross margin in the quarter grew by 0.4 percentage points to 41.6 ...
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Spain, Italy And The U.K. Are Engines Of Timberland’S Growth In Europe
In the first quarter ended April 2, sales at Timberland went up by 7 percent to $317.0 million, a 3 percent increase in constant currencies from the same period a year ago, with growth in Europe, Asia and North America. Operating income more than doubled to $39.4 million from $18.2 ...
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Deckers' Net Income Grows By 49%
Revenues grew by 16.1 percent to $155.9 million at Deckers Outdoor Corporation for the first quarter ended March 31. Operating income jumped by 49 percent to $28.8 million, and net income climbed by 45 percent to $17.9 million. The gross margin jumped by 6.1 percentage points to 50 percent as ...
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Mctrek Is Set For Further Growth
McTrek, the German specialty chain of discounted outdoor products under the helm of Yeah! AG, increased its sales from €11.3 million to €14.6 million in 2009. On a comparable store basis, the growth was 29.2 percent. It was compounded by the effect of new shop openings in Regensburg, Recklinghausen and ...
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Obama Is Serious On Conservation
At the White House Conference on America’s Great Outdoors (see previous issue), President Barack Obama told top officials and industry executives that the U.S. administration is trying to come up with and pursue the best ideas on conservation, and how to better utilize tax dollars for conservation. The Obama administration ...
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Eqt’S Retrenchment From Outdoor Continues With The Sale Of Tenson To Usg
After hectic negotiations, Tenson was acquired last week by the shareholders of Unlimited Sports Group (USG), the Dutch sports wholesale and retail behemoth. The company wants to bring Tenson back to growth after several years of decline, which reduced its sales to an annual level of approximately €10 million, mostly ...
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Sports Direct Decides Not To Bid For Blacks
Sports Direct International (SDI), the British sports wholesale and retail group, has said that it would not issue any firm offer for Blacks Leisure Group, its rival in the outdoor market, due to uncertainty about the willingness of key suppliers to continue to deliver to Blacks under SDI’s ownership. The ...
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Stag Continues To Grow
In contrast with the bleak British economy, STAG is alive and kicking. The growing British buying group, which plays an important role in the British outdoor market, reports an increase in the retail members’ turnover to £240 million (€272.0m-$369.5m) after VAT for the year ended last Jan. 31, compared with ...
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Mammut Is The Nerd In The Conzzeta Class
The sporting goods division of Conzzeta Group, which consists of the Mammut Sports Group, had an 11.8 percent sales increase to 215.3 million Swiss francs (€149.5m-$203.1m) in 2009, the only unit of the company that saw growth. Its snow and alpine/mountain collections of apparel did well among, and the best ...
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Two Nordic Distributors Merge
The owners of two Scandinavian distribution companies, Nordic Outdoor AS of Norway and Best in Outdoor Sports (BIOS) of Sweden, have agreed to merge after several months of discussions, forming a jointly owned holding company that will strive to become the best distributor of sports fishing products in the region. ...
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The French Outdoor Sport Valley Consolidates At Retail
FPS, the powerful French sporting goods retailers’ association based in Paris, has decided to open a secondary office next summer in the French Alps, as that region hosts 1,200 members. They are heavily geared to snow and other outdoor sports. The move represents the retail counterpart of the Outdoor ...
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Eog Has Presented An Interesting Report On Switzerland And Germany
The European Outdoor Group (EOG) commissioned a report on the European outdoor market to Profile Outdoors, focusing on Germany and Switzerland. This British market consultancy, which has worked for the EOG before, partnered with two German magazines, Outdoor and Klettern, and Mammut Sports Group. Two surveys were done – involving ...
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Timberland Boasts Of Its Environmental Efforts
Through Timberland’s continuing efforts to become a more eco-friendly company, it says it is on track to reduce greenhouse gas emissions by 50 percent this year, up from a 36 percent reduction in 2009 from its starting point in 2006. The changes last year came through greater energy ...
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Eog Association For Conservation Retains Five Projects
The EOG Association for Conservation has retained five projects this year for funding by its members and other donors. They will be presented at the OutDoor show in Friedrichshafen next July 16, where they are expected to obtain additional support from the international outdoor community: - World Pheasant Association, ...
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China Insists On Wto Anti-dumping Probe, May Raise The Yuan
Insistent reports indicate that the Chinese government may decide to revalue the national currency, bowing to strong pressure from the United States. While most sourcing deals are labeled in U.S. dollars, such a move could lead to higher prices for the numerous kinds of sports products imported from ...
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Blacks’ Board Turns Down Sports Direct’S Offer
Blacks Leisure Group has turned down a non-binding offer from Sports Direct International to buy all of its shares, issued and to be issued, for 62 pence apiece. This was a 3.33 percent premium over the share price at closing the evening before the offer was made. However, Blacks’ board ...
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Jack Wolfskin Grows By Nearly A Quarter
Jack Wolfskin has kept on growing by leaps and bounds, in spite of the global recession. The leading German outdoor brand has reported a sales increase of 22 percent for 2009, rising to €251.4 million. This marks the sixth successful year of double-digit growth for the company, which had sales ...
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Karstadt Presents Its Insolvency Plan And Hints That It Will Be Sold Soon
Karstadt, the troubled department store chain and probably Germany’s second-largest outdoor retailer with annual sales of around €90 million in the segment, has officially turned in a plan on how to get out of bankruptcy at a court in Essen. The insolvency plan is based on various conditions. For one, ...
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Columbia Goes For Equipment; Takes Czech Distribution In Its Own Hands
Patrick Chevallier, sales director for Columbia and Sorel in Europe, has hinted that the Columbia brand is moving stronger into hardgoods. After offering a range of backpacks for a while, it is now about to introduce its own sleeping bags and tents, developed by Columbia itself instead of being licensed ...
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Strong Progress At Fenix Outdoor
The Swedish group is leaving its dividends unchanged in spite of an 8 percent increase in net profit to 113.3 million Swedish kronor (€11.6m-$15.7m) last year and an improvement in its debt/equity ratio from 65.3 percent to 67.1 percent. Debt was reduced from 79.0 million SEK (€8.1m-$10.9m) to 63.5 million ...
