News Briefs – Page 11
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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 year, ...
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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 sale, Adidas’ sales ...
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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 for hard surfaces ...
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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, while ...
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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 before ...
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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 more ...
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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 41 ...
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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, ...
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News briefsPolygiene posts double-digit revenue growth, driven by ViralOff
Antimicrobial technology provider Polygiene posted revenues of 83.9 million Swedish kronor (€8.3m-$10.1m) in 2020, an increase of 22 percent as compared to 2019. The company launched the ViralOff antiviral technology connected with the Covid-19 pandemic in April and later an upgraded formula of ViralOff with increased washability during the autumn. ...
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News briefsPersonal protection equipment sales lift 3M results
Just like in 2020, sales of masks and other personal safety equipment in the midst of the pandemic boosted sales of 3M in the first quarter of 2021. It saw growth across all business segments and geographic areas. The management also released an upbeat outlook, as demand for its N95 ...
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Sales are up in Q1 for Calzados Bestard
Calzados Bestard’s first-quarter sales this year doubled those of two years ago, recorded in the pre-pandemic era. As CMDsport reports, the Spanish hiking boot brand’s sales director, Mats Lindholm, makes two points to account for this success. First, the outdoor sector, in general, enjoyed high order volume, especially in boots, ...
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Dometic reports growth in its first quarter
Dometic, the Swedish brand that was awarded the ”Fastest Growing Equipment Accessories Brand in the U.S. Outdoor Industry” by data analytics company NPD Group, has just released its Q1 financial report. The Stockholm-based company and the latest new member of the Scandinavian Outdoor Group (SOG) closed the quarter with a ...
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News briefsThule’s momentum continues through Q1
Everything is going well for Swedish Thule Group. In an interim report, it published sales for the first quarter that soared by 45.5 percent from the year-ago quarter to 2,538 million Swedish kronor (€250.7m-$301.6m) or by 56.0 percent in constant currencies. Net income jumped to SEK 447 million (€44.2m-$53.1m), from ...
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News briefsAnta Sports had a good start to 2021
In an operational update on its first quarter, which relates to the performance of Anta, Fila, Descente, Kolon Sport, Sprandi and Kingkow, but does not include the businesses of Amer Sports, Anta Sports Products Limited said retail sales of Anta branded products for the first quarter of 2021 advanced by ...
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News briefs
Angling Direct posts 27% sales increase despite store closure in the U.K., boosted by e-commerce
Angling Direct, the U.K.-based fishing tackle retailer, saw revenues jump by 27 percent to £67.6 million (€77.7m-$94.5m) in the financial year to the end of January, despite the company’s stores in the U.K. were forced to close due to pandemic-related restrictions for 82 days last year, from March 24 to ...
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News briefsBCF posts 50% revenue increase, with online sales more than doubling
Boating Camping Fishing (BCF), the Australian retail chain owned by Super Retail Group, recorded a sales increase of 50.9 percent in the first half of its financial year ended Dec. 26, 2020. The performance was largely driven by a 113.1 percent increase in digital sales as compared to the corresponding ...
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News briefsCycling airbag brand Hövding records growth in 2020 despite pandemic
Source: Lina Arvidsson Fredrik Carling, CEO Swedish company Hövding, maker of an airbag collar for cyclists, reported that the number of units sold in 2020 increased by 35 percent and sales also increased by 35 percent compared to 2019. In the company’s year-end report, Hövding’s CEO Fredrik ...
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News briefs
Falling sales for Goldwin
Goldwin is projecting decreases of 10.1 percent in sales and 28.5 percent in operating profit for the financial year ending on March 31. In the nine months through Dec. 31, 2020, its net sales declined by 8.7 percent to 69.2 billion yen (€540m-$660m), leading to a 16.2 percent drop in ...
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News briefsDigitalization helped Mammut in Q4
The coronavirus pandemic took the toll on the Mammut Sports Group last year, but the fourth quarter was apparently better, thanks to the internet. In an interim report, its Swiss parent company, Conzzeta Group, said its outdoor operations suffered a drop in sales of 18.6 percent to 218.4 million Swiss ...
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News briefs
Clarus announces preliminary Q4 and full-year 2020 results
Clarus Corp, the parent company of Black Diamond and Pieps, said in a preliminary statement on its fourth-quarter and 2020 full-year results that revenue in the latest quarter rose 23 percent from $61.0 million to about $75.0 million. This was largely the credit of the company’s ammunition division, particularly gains ...
