Latest News & Analysis – Page 301
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Crocs Predicts Profits In 2010
A 32 percent drop in sales at Crocs to $134.9 million led to a net loss of $22.4 million in the first quarter of this year, nearly five times the $4.5 million loss in the same period in 2008, but the company’s new management, led by John Duerden, expects to ...
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Outdoor Show Is About To Break Last Year’S Record
As of May 13, Messe Friedrichshafen reports a total number of 779 exhibitors from 39 nations at the OutDoor show which takes place from July 16 through 19. These exhibitors represent more than 1,000 brands, and nearly 80 percent of them are from outside Germany. While there are some days ...
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Europe Is Still A Challenge For Columbia; New Efforts In Poland
The revenues of Columbia Sportswear fell by 9 percent for the first quarter ended March 31, dropping to $272.0 million, including a 5 percent negative currency impact. Net income fell by 65 percent to $6.9 million. Results were particularly bad in Europe, where revenues dropped by 24 percent in ...
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Tnf Keeps On Driving Vf’S Sales
VF Corporation suffered a 6.5 percent drop in total revenues for the first quarter to $1,725.5 million, including royalties, or a 2 percent drop at constant currencies Net income fell by 32.3 percent to $100.9 million, spurred by softness in traditional department store channels and high unemployment in industrial ...
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Excellent Results For Fenix Outdoor
Fenix Outdoor has reported a 34 percent increase in revenues to 298.6 million Swedish kronor (€27.9m-$36.9m) for the first quarter of this year, with 20 percent of the growth due to Swedish krona-denominated sales. This excellent performance allowed the parent company of Fjällräven, Hanwag, Primus and Tierra to raise ...
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Gabel Sees Orders Rising By 20% And Eyes China Again
Gabel, the Italian producer of skiing, trekking and Nordic walking poles, reports an increase of about 20 percent in its order intake as of last month, compared with the same time a year ago. In the first two months of the year, its sales were up by 22 percent from ...
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Vikman Switches From Wholesaleto Retail
Johan Vikman, the former chief executive of the Fenix Group who switched to the same position at Norrwin last July, jumped ship again earlier this month. Norrwin is the Swedish-based outdoor group comprising Five Seasons, Tenson and Lundhags. Vikman joined last year with the task of stimulating joint projects between ...
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Jarden Outdoor Solutions’ Results Are Impacted By Currency
Overall, Jarden Corporation’s management was pleased with the results of its Outdoor Solutions division in the quarter ended March 31, a seasonally slow period for the company. The sell-in of Coleman, fishing and team sports gear “met expectations” and margins were flat, excluding currency effects. The company’s key ...
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Lafuma Reports Progress, While Finalizing Its Refinancing
While announcing a major refinancing package, the Lafuma Group reported that its turnover increased by 7.2 percent to €120.7 million over the six-month period up to March 31, although on a comparable basis, excluding the integration of Eider’s activities, it decreased by 2.5 percent. On a comparable basis, the second ...
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Lower Results For Rocky Brands
Rocky Brands saw a 17.2 percent drop in net sales for the first quarter to $50.1 million. The net loss for the period, ended March 31, was $1.1 million, compared with net income of $0.3 million for the same period in 2008. Wholesale sales dipped by 9.5 percent to ...
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Lacrosse Footwear Suffers First Quarterly Loss In Five Years
Impacted by corporate investments, including spending on a new distribution center in the U.S. Midwest, LaCrosse Footwear suffered a net loss of $692,000 in the first quarter ended March 28, against income of $779,000 for the same period a year ago. It was the company’s first quarterly loss since 2004. ...
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Wolverine Posts A 5.2% Sales Decline In Constant Currencies
Softness in its major markets held down the sales of Merrell in the first quarter ended March 28, but management said the brand was performing well at full price despite the slowdown. Overall, Wolverine World Wide’s sales fell by 11 percent to $255.3 million in the quarter, resulting ...
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Timberland’S Sales Fall More Than Its Profits
Declined in Timberland’s branded apparel and casual footwear brought the company down for the first quarter ended April 3, where total sales fell by 12.9 percent to $296.6 million. Currency differences were worth about $22 million, or 6.4 percentage points of the decline as the dollar strengthened. Footwear ...
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Outdoor Focus At Poland’S Sport-winter Show
The Polish sport and outdoor trade show held in Kielce in late February, Sport-Winter, proved to be a successful platform for meetings between Polish manufacturers, distributors and representatives of foreign brands. This year’s show hosted almost 210 sport and outdoor companies. One of the exhibition halls was devoted ...
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Messe Fn Announces New Layout For Outdoor; Will Improve Logistics
Messe Friedrichshafen, the organizer of the OutDoor show, continues to improve the local infrastructure to meet the demands of the European Outdoor Group (EOG), which backs the event as the representative of the European industry. Ibis is to open a new hotel at Friedrichshafen airport by July 1. The ...
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Migros Plans To Double The Number Of Its Outdoor Stores In 2009
Migros, the huge Swiss co-operative, increased its sales by a stunning 13.5 percent to 25.8 billion Swiss francs (€16.9bn-$22.8bn) in 2008. The driving force behind the growth was retailing, with an increase of 16.3 percent to CHF 21.6 billion (€14.2bn-$19.1bn). Earnings before interests and taxes (Ebit) were up by 6.1 ...
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Scandinavian Brands Consider Organizing Their Own Show
The Nordic outdoor brands have expressed their desire to launch their own specialty trade show at the Scandinavian level by 2010. While there will be no changes for the winter season when the market is covered by the national shows in Norway and Sweden, the Scandinavian brands see room to ...
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Schuster Eyes E-commerce As Sales Continue To Grow
Schuster, Munich’s big player in sporting goods and outdoor retailing, increased its sales by 9 percent to €45 million before VAT in 2008. This figure is for the entire group, including the main house, Sport Münzinger, as well as the flagship stores of Lacoste and The North Face. The ...
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Outoor Sales Give Hi-tec A Big Boost
Hi-Tec has opened a new showroom in Kendal, in the heart of Britain’s Lake District, to better service customers in that prime hiking area of the country, and it is launching a major advertising campaign to promote its new award-winning Ion Mask technology. Designed to keep its footwear drier, lighter ...
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No Change Of Ownership At Blacks
Blacks Leisure Group announced recently that it had ended discussions with an unnamed investor who had made an approach in this regard. The investor is widely rumored to be Mike Ashley, major shareholder of Sports Direct International, which already has a stake of about 29 percent in Blacks. According to ...
