Latest News & Analysis – Page 295
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Good Vibrations In The Korean Outdoor Market
The South Korean market is going to be worth at least $2.5 billion this year at retail, according to various local industry officials met during a visit to the country in connection with last week’s Busan International Smart Shoe & Parts Fair (BISS), where many national brands of hiking boot ...
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Arc’Teryx And Other Outdoor Brands Go Into Streetwear
A new line of casual menswear, called “Veilance,” has been launched by Arc’teryx for the urban market. Designed by a young Canadian graduate of a London school and entirely manufactured at the company’s factory in Vancouver, it includes blazers, pants, shirts and other street garments full of technical details. They ...
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British Oia Elects Its New Board
As reported in The Compass 18 of Oct. 8, the British Outdoor Industries Association has incorporated its organization as a Limited company under British law. The British OIA now has elected a new board of directors to fully represent the U.K. outdoor industry with members from across the sectors. ...
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For Columbia The Heat Is On
Columbia has presented its latest effort to gain ground in the field of technical footwear and apparel. Its new technology is called Omni-Heat, which it calls advanced temperature management. Columbia’s innovation is split into three parts: Omni-Heat Thermal Reflective helps to regulate the body temperature by reflecting and ...
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Outdoor Executives Are Optimistic For Economic Future
Executives within the outdoor industry remain cautious about the economic situation, according to a survey conducted by the American Outdoor Industry Association and Piper Jaffray Companies. The study, the fourth in 12 months, looked at opinions of executives from member companies of the OIA regarding current economic prospects, a timeline ...
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Strong Deuter Raises Legal Questions On The Future Of Selective Distribution
The Augsburg-based company sold a lot of backpacks in the past fiscal year - to be precise, 1.6 million units, distributed in 45 countries. Deuter's sales were up by 21 percent and reached the impressive level of €46 million. The increase was partially due to currency factors, but still the ...
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Future Of Blacks Leisure Up In The Air
The fate of Blacks Leisure, the leading British outdoor retailer, was still in the balance early this week as it struggled to reach agreements with landlords over the closure of loss-making stores. This formed a substantial part of the restructuring plan presented by Blacks to Lloyds Banking Group last week, ...
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Sales Fall Less Than Expected At Columbia, Which Suffers In Russia
Columbia Sportswear saw revenues decline by 4.0 percent to $434.5 million for the third quarter ended Sept. 30, and net income fell by 19.6 percent to $46.9 million. However, the sales decline was more than $30 million better than forecast. The company attributed this to relatively cold weather and higher-than-expected ...
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The North Face Shines At Vf, Ebit Reaches A Record
VF Corporation saw its third quarter revenues drop by 5 percent to $2,093.8 million, with foreign currency translations accounting for 2 percentage points of the decline. Net income in the quarter fell by 6.8 percent to $217.9 million. VF’s gross margins remained near record levels for the period, ...
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Another Good Period For Fenix Outdoor
Fenix Outdoor, the company behind brands like Fjällräven, Tierra, Primus and Hanwag as well as the Swedish retail chain Naturkompaniet, posted strong figures for the first nine months of 2009. In the period from January to September, total net revenues were up by 17 percent and reached 874.4 million Swedish ...
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Lafuma Reports Declines, Especially In France
For its fiscal year 2008-09 ended Sept. 30, the Lafuma Group recorded a sales decline of 3 percent to €254.2 million. While the international business was basically flat at €104.0 million (-0.1 percent), sales decreased by 4.9 percent in the French home market to €150.2 million. The environment ...
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For Timberland, Wool Continues To Be Smart
The Timberland Company has said that its third-quarter revenues were flat at $421.8 million, but rose by 1.7 percent excluding foreign currency effects, which decreased the total by about $9 million. The company said the sales figures reflected strong growth in boots in Europe and in the SmartWool brand, offset ...
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Outdoor Remains Strong At Softened Amer Sports
The Finnish Amer Sports group, which is the parent company of Salomon and Suunto, reports weaker sales for the first nine months of 2009. Turnover was down by 3 percent and reached €1,050.6 million. Earnings before interest and taxes dropped from €43.7 million to €4.4 million. Significant declines in sales ...
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Ion Mask Boosts Hi-tec’S Sales
Hi-Tec has reported an 8 percent increase in footwear sales in the U.K. and the rest of Europe for the first nine months of 2009, driven by the outdoor category, whose sales grew by 23 percent over the period thanks to its new “Ion-Mask” technology. The star model in ...
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Teva Didn’T Have The Right Products For The Season
Deckers Outdoor Corporation had a 15.8 percent increase in net sales to $228.4 million for the third quarter ended Sept. 30. Sales in the U.S. grew by 10.3 percent to $179.0 million, while sales outside the domestic market jumped by 41.4 percent to $49.4 million. The gross profit margin for ...
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Jarden Expects Continued Drop In Sales
The Outdoor Solutions division of Jarden Corporation had a 9 percent drop in sales to $565.7 million for the third quarter ended Sept. 30, but operating income grew by 4.1 percent to $63.4 million. The outdoor unit’s results this year included $17.3 million in depreciation and amortization charges and $4.3 ...
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Rocky Reports Softer Sales
Sales fell by 8.1 percent to $66.6 million for Rocky Brands in the third quarter ended Sept. 30. Earnings before income taxes grew by 53.4 percent to $4.4 million. Net earnings were up by 17.2 percent to $2.8 million. The gross margin in the quarter amounted to 37.1 ...
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Google Makes It Into The Gps Market
The search engine is getting serious about moving into the big business with GPS (global positioning system) solutions. Google announced last week that it is putting out its brand new “Android 2.0” software, which is GPS-compatible. Motorola plans to introduce its cell phone “Droid,” which features for the time “Google ...
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Americans Are Crazy For Paddling
Information collected by the Outdoor Foundation in the U.S. indicated that 17.8 million Americans aged 6 and over participated in kayaking, canoeing and rafting in 2008. The foundation has released a report in conjunction with the Outdoor Industry Association (OIA) detailing all of the results, called “A Special Report on ...
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Wolverine Sees More Signs Of Recovery
Retailers are returning to more normal order placement patterns in the U.S., said Blake W. Krueger, president and chief executive of Wolverine World Wide, in commenting on better than expected results for the third quarter ended Sept. 12. He said the Chinese market is clearly recovering, while Western Europe seems ...
