Latest News & Analysis – Page 306
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Leki Sells More Than 1m Pairs Of Poles
In a rare move, Klaus Lenhart, owner of the Leki company, has disclosed a few figures from his company and the market of trekking and ski poles in an exclusive interview with THE COMPASS. According to the managing director, Leki sold more than 1,000,000 pairs of poles in 2007. Lenhart ...
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Lafuma Group Is Up, But Not Thanks To Its Core Brand
The French Lafuma group has produced satisfactory figures for its fiscal year ended Sept. 30. Global sales were up by 5.2 percent to €263.7 million. This figure includes the recently acquired Eider brand. Excluding Eider, whose sales were at €8.6 million in 2008, the Lafuma group increased its sales by ...
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Mammut’S Growth Knows No Bounds; Parent Has New Boss
Mammut Sports Group, the outdoor and sports business unit of the Conzzeta Group, posted 9.2 percent higher sales of 111.9 million Swiss francs (€75.5-$96.3m) for the eight months ended Aug. 31. The sports group, which markets the brands Mammut, Toko and Raichle, had higher sales in all regions, even in ...
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New Customers Help Bluesign To Become A Global Standard
Bluesign, the Swiss company that is setting up an independent standard for the entire outdoor industry and beyond to establish a high quality of environment, health and safety is happy to welcome more major brands that meet the Bluesign requirements. Helly Hansen and Haglöfs have decided to join the club ...
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Crocs Makes Its Presence Better Felt In France Through Gpg Company
Crocs Europe has officially presented its new sales agency for France, GPG Company, a French group with a significant portfolio of other footwear brands such as Dr. Martens, Replay, Gant and Bronx. The deal will take effect on Jan. 2, though neither company would comment on its duration. Crocs will ...
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The Outdoor Coalition Continues To Be Vf’S Driving Force
For the three months ended Sept. 30, VF Corporation saw income grow by 12.9 percent to $233.9 million, with sales up by 6.5 percent to $2.19 billion. The company’s Outdoor Coalition was clearly the biggest earner, with a 16.9 percent increase in operating income, led by 15 percent growth at ...
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Columbia Sees Own Retail As Key To Future Growth
Columbia Sportswear’s net sales decreased by 4 percent to $452.4 million in the third quarter. Net income slipped from $62.6 million to $58.3 million in the same period. Business was flat especially in the Europe, Middle East and Africa region, where sales went down by 10 percent to $78.2 million. ...
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Outdoor Partially Offsets Amer’S Troubled Winter Business
Stressing that the immediate outlook is more uncertain than normal for this time of the year, Amer Sports’ management is predicting a decline in its operating profit this year to somewhere between €80 and €90 million, compared with €92 million in 2007, excluding a €13 million extraordinary gain on the ...
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Blacks Concentrates On Its Outdoor Core Business
Blacks Leisure, the leading British outdoor retailer, has enjoyed an upswing in the sales at its outdoor stores since the end of the summer. Encouragingly, given the current climate, comparable sales at the retailer’s outdoor stores were up by 4.5 percent in September and October, and there are signs that ...
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Ispo Continues Coop With Eog; Appoints New Managers
Messe München has signed a contract with the European Outdoor Group, represented by EOG’s president, Rolf Schmid, who is also the chief executive of Mammut Sports Group, and the federation’s secretary-general, Mark Held. The agreement is for ISPO and EOG to continue to work together closely to provide a ...
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Lower Traffic Hurts Cabela’S Operating Income
Cabela’s, the big US outdoor retail chain, reported a drop in net income of 27 percent to $9.7 million for the period ended Sept. 27. Operating income was down by 14 percent to $20.8 million. Total revenues were up by nearly 12 percent to $611.8 million. By segment, the retail ...
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Migros Hikes Into Specialty Outdoor Retail
Migros, the big Swiss retail cooperative operating in goods and non-foods, has opened its first stores called “Outdoor by SportXX”. While SportXX is its already established general sports retail format, Migros had not gone into specialized outdoor retailing so far. The first outlets of Migros' new Outdoor by SportXX chain ...
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Blacks Is Not In The Mood For Leisure
Blacks Leisure , the leading British outdoor retailer, could hardly have picked a worse time to issue yet another profit warning: just a few days before stock markets took a nose-dive, Blacks said that it will report a much wider loss for the first half of its financial year, ended ...
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Cabela’S Resists U.S. Crisis, But Cuts Jobs
Cabela’s appears to be confident in the face of the U.S. economic crisis, predicting growth in the mid-teens for its financial services unit for the foreseeable future. Right now it has annual growth of 15 to 20 percent in new credits accounts, mostly from customers for its 28 stores in ...
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European Outdoor Industry Joins The Fight Against Anti-dumping Duties
The European Outdoor Group is inviting all the companies that sell outdoor shoes to oppose the anti-dumping duties being levied on imports of leather shoes from China and Vietnam into the European Union. A majority of the EOG’s members already voted against their continuation at a meeting during the OutDoor ...
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Equity Firm Creates A Czech Outdoor Alliance
ARX Equity Partners, an investment firm specialized in the acquisition of companies in Central and Eastern Europe, has acquired two major players in the Czech outdoor industry. While it bought 100 percent of Singing Rock, the Czech manufacturer of climbing equipment, it acquired a majority stake in Lanex, the local ...
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Tnf Is Back In The Promising Turkish Market
After several years of legal squabbling, The North Face has settled a trademark dispute in Turkey to introduce the brand in this hugely promising market from early next year. It will be distributed in the country through the Turkish subsidiary of VF Corporation, the parent company of The North Face, ...
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Vf Corp. Wants Bigger Presence Outside Usa In Future
VF Corporation sees more of its future in its own stores and outside the USA. Right now, the company gets 16 percent of its revenues from own retail; it plans to expand that to 22 percent by 2012. Also by that time, it wants to increase its international business from ...
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Salewa Reshuffles Central European Top Management
Karl-Heinz Maurer, Salewa Germany’s managing director for operations and finances, will leave the company by June 30, 2009. Maurer has directed the German subsidiary since 1990 when the Italian Oberalp group led by Heiner Oberrauch acquired the then troubled Munich-based company. For the first eleven years, Maurer served side ...
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Garmin Acquires Swedish Distributor Of More And More Brands
Sportmanship International, the Swedish supplier of Garmin navigation and positioning devices, will take over the distribution of Tecnica in Sweden in 2009 from Combisport. It had previous acquired the distribution of Völkl and Marker from the same company. Sportmanship will handle the distribution of Tecnica’s technical footwear, as ...
