News Briefs – Page 10
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News briefsPierer Mobility reports strong two-wheeler sales in the first half of the year
With total sales of 176,045 motorcycles and 53,378 e-bikes and bicycles worldwide, Austrian two-wheeler giant Pierer Mobility AG has closed the first half of 2021 on a strong note. While the motorcycle sales under the KTM , Husqvarna and GasGas brand names almost doubled with an ...
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News briefs
Buff reports 63% growth
Original Buff , the Spanish headwear and neckwear company, saw its revenues soar by 63 percent to €85 million during the financial year ended April 30, thanks to multiple reasons. It benefited from the increased popularity of outdoor activities during the Covid-19 pandemic, the launch of its anti-Covid face masks ...
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News briefsKathmandu group issues profit warning
The new Covid-related retail lockdowns in Australia have negatively affected the profitability of Kathmandu Holdings . Its guidance for the financial year ending July 31 has been reduced to underlying Ebitda of 120 million New Zealand dollars (€71.3m-$84.1m) on revenues of NZ$ 930 million (€552m-$651m), which would compare with Ebitda ...
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News briefsInfinited raises €30 million, Adidas among new investors
Finnish circular textile technology company Infinited Fiber Company , which just signed a multi-year distribution agreement for its regenerated textile fiber called Infinna with Patagonia , has secured investments totaling €30 million in its latest financing round closed on June 30. The round also brought Infinited new investors, including ...
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News briefsGoldwin sets new financial and sustainability targets
Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its ...
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News briefsWolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine World Wide, Inc. today provided a business update stating that the company expects second-quarter 2021 revenue to exceed second quarter 2019. The company noted that its ...
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News briefs
Buff reports 63% growth in fiscal 2020-21
Buff closed its fiscal year on April 30 with record sales of €85 million, a growth of 63 percent compared to the previous year (€52 million). The Spanish company attributed the good performance to the boom in outdoor sports and the production of protective equipment during the pandemic. In ...
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News briefs
Movement Skis suffers 15% revenue drop
Swiss ski brand Movement Skis registered revenues of CHF 8.5 million (€7.7m-$9.4m) in 2020, representing a 15 percent decline as compared to 2019. Sales were negatively impacted by the measures imposed by authorities in several countries to limit the effects of the Covid-19 pandemic, which affected the ski ...
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News briefsMerida’s sales shift into double-digit range
When it comes to business figures, Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. (aka Merida Bikes ) is always a little reserved. Looking ahead to Q1 of fiscal 2021 and beyond, the manufacturer has released sales figures in value terms, although it has not provided any details on ...
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News briefsGregory’s backpacks outperform Samsonite’s results in Q1
Gregory had by far the best performance in the first quarter within the Samsonite International group, whose luggage business has been deeply affected by the travel and retail restrictions imposed by the Covid-19 outbreak. The brand of technical backpacks and hydration gear booked sales of $15.8 million in ...
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News briefsYeti’s DTC exceeds 50% in Q1
Yeti , the U.S. brand of coolers, drinkware and other outdoor gear, reported a 260 percent increase in net income to $30.52 million from $8.48 million on sales up 42 percent to $247.55 million from $174.41 million in the first quarter. Wholesale and DTC improved on growth in the coolers ...
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News briefsHelly Hansen maintains sales momentum, Canadian Tire’s e-commerce soars
Helly Hansen ’s revenues for the first quarter ended April 3 increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at the roughly same pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian ...
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News briefsGiant Group boosts sales and profit to record levels thanks to e-bikes
Continued strong global market demand for bicycles and e-bikes has brought Taiwan’s largest bicycle manufacturer Giant Group both record revenue and record profit in the first sales quarter of the current fiscal year 2021. While quarterly sales grew at double-digit rates compared to the first three months of last ...
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News briefsAdidas grows by almost 60% in the outdoor segment
Adidas’ sales of outdoor products increased by nearly 60 percent in the first quarter of 2021 thanks to the new Terrex collection for fast trail running. Running and training were up by about 20 percent and more than 30 percent, respectively. Excluding Reebok , which is up for ...
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News briefsPolygiene Q1 sales soar 141%
Polygiene , a provider of antimicrobial technology, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings , a global supplier of antibacterial additives ...
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News briefsChina demand helps drive higher Q1 revenues at Lenzing
Austrian specialty fiber producer Lenzing Group said that a strong recovery in its markets helped to drive rises in revenue and net profit. They reported that revenue for the three months to March 1 rose 4.9 percent to €489.3 million. Net profit rose to €29.9m from €17.7m, while earnings ...
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News briefsRocky Brands reports higher Q1 revenue, net income
U.S.-based footwear and apparel maker Rocky Brands reported soaring first-quarter revenue and net income on the back of strong demand from its wholesale and direct-to-consumer channels. The company said revenue for the three months to March 31 rose 57.3 percent to $87.7 million. Wholesale segment sales increased 69.1 percent, ...
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News briefs
Aquapac invests in growth during lockdown
U.K. outdoor and watersports accessories brand Aquapac has reported strong sales performance in the last nine months. The best performance in the first half of the fiscal year in four years is attributed to investment in new products, a new marketing manager and the Covid-19 pandemic, which is bringing ...
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News briefsAmazon’s sales grow by 44% in Q1
Beating estimates, Amazon ’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at ...
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News briefsNewell's sales surge 21%
Newell Brands’ revenues for the first quarter rose by 21.3 percent to $2.3 billion, with core sales increasing by 20.9 percent. Overall, every business unit and major region increased core sales compared with the year-ago quarter. The management said that 2021 is off to a great start, with double-digit growth, ...
