News Briefs – Page 12
-
News briefs
Moody’s upgrades Vista Outdoor once more
A fast-growing ammunition market in the U.S. due to the anxiety caused by the coronavirus pandemic and the trend toward outdoor activities is leading to better financial prospects for Vista Outdoor, which is also the owner of “quieter” international brands like Camelbak, Bell and Giro. As a result, Moody’s is ...
-
News briefsTradeinn sales exceed expectations
Tradeinn, the Spanish e-retailer running several specialized international retail websites including snowinn.com, trekkinn.com, bikeinn.com, xtremeinn.com and many others, posted revenues of €288 million for 2020, representing an increase of €100 million from 2019, according to sport-guide.com. According to the report, results for the full year exceeded the company’s expectations, as ...
-
News briefs
Australia's BCF sees sales grow by more than 50% while online sales jump 113%
The BCF (Boating Camping Fishing) chain, part of Super Retail Group, posted a 51 percent sales increase in the financial half-year ending Dec. 26, 2020. Sales on a same-store basis also increased by 51 percent. Meanwhile, online revenues rose by 113 percent. BCF is Australia’s largest retailer of fishing tackle. ...
-
News briefsBlue Tomato hit hard by store closures
Blue Tomato was hit hard by Covid-19-related store closures in Europe in the 10 weeks leading up to Jan. 9, according to its U.S.-based parent Zumiez. However, the group’s Australian action sports retail chain, Fast Times, performed “extremely well.” Bottom line, the group’s international sales declined 6.7 percent in dollars ...
-
News briefs
Isbjörn of Sweden grows despite pandemic after launching U.S. webshop
Isbjörn of Sweden, an outdoor kidswear brand, reported strong growth throughout 2020. The company said it has grown 20 percent versus the same period in 2019, with a forecasted 30 percent growth expected for 2021. Isbjörn’s webshop, which was recently also launched in North America, has also grown by a ...
-
News briefsTecnica among the best performing companies in Italy’s northeast
Tecnica Group has been ranked among the 100 top-performing companies in Italy’s Triveneto area for 2019. The ranking is available in TOP 100, a special supplement that the Gedi publishing group has devoted to the best-performing companies in Italy’s northeast. The supplement has been on sale since Nov. 20 with ...
-
News briefsLenzing Q3 revenues drop, positive trend expected for Q4
During the first three quarters of 2020, the Lenzing Group successfully responded to the extremely difficult market environment of increased price and volume pressure due to the Covid-19 crisis by implementing a broad package of measures. An increasing demand toward the end of the third quarter, especially for wood-based specialty ...
-
News briefsRecord quarter for Polygiene
Polygiene reported its “best quarter ever,” with sales rising by 11.7 percent to 22.9 million Swedish kronor (€2.27m - $2.63m) and the gross margin rising by 0.5 percentage points to 70.4 percent. The results led to a financial turnaround for the Swedish ingredient brand company, which posted an operating profit ...
-
News briefsNewell posts better-than-expected growth
Newell Brands’ revenues for the third quarter rose by 5.1 percent to $2.7 billion, as a core sales gain of 7.2 percent was partially offset by currency headwinds and divested businesses. The management said it recorded broad-based growth, which was better-than-expected, underpinned by strong consumption, and significant improvement in operating ...
-
News briefsAmazon posts 37% sales increase while net profit triples
Amazon said that its sales in the third quarter grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange ...
-
News briefs
Oase posts good results thanks to camping and outdoor trends
Sales progressed by 32 percent at Oase Outdoors for the third quarter, as the Danish camping equipment company benefited from the increased interest in camping and the outdoors in the wake of Covid-19. Its turnover reached 82 million Danish Kroner (€11.0m-$13.0m). On an organic basis, revenues grew by 34 percent. ...
-
News briefs
Anta Sports Products is back in full form
Anta Sports Products is back in full form, boosted by China’s strong economic recovery after the pandemic. In an operational update for the third quarter, it said that retail sales for the Anta brand recorded low single-digit growth compared to the same period of 2019. Fila jumped by between 20 ...
-
News briefsMoody’s switches Vista Outdoor’s outlook from negative to positive
Favorable trends in U.S. outdoor activity and Vista Outdoor’s good competitive position with leading brands in various niches of the market have led Moody’s to change the group’s debt rating from negative to positive, following an improvement in its Ebitda margin. Vista’s brand portfolio includes Camelbak, Bushnell, Camp Chef, Primos, ...
-
News briefs
Safilo expects Q3 sales to be better than expected
Safilo estimates that in the third quarter its net sales grew by a mid-single digit rate at constant exchange rates compared to the same quarter of 2019. It also expects to return to a profit at adjusted Ebitda level. Previously, the company had forecast a moderate decline in sales for ...
-
News briefs
Movement Skis sees a big drop in sales, but margins improve
The revenues of Movement Skis declined by 46.8 percent to 932,000 Swiss francs (€864,000-$1.0m) due to store closures, while the gross margin lost 2.0 percentage points to 50.0 percent. A good control of operating expenses limited the decline in Ebitda for the first half of the year, which decreased by ...
-
News briefsGiant benefits from the cycling boom
The Giant Group posted revenues of $33 billion Taiwan dollars (€1.0bn-$1.1bn) for the first six months of this year, representing a 7.5 percent increase as compared to the first half of 2019. Sales were boosted by increased global demand for bicycles following the coronavirus lockdown period, as many consumers have ...
-
News briefsSales up 9% at Oase Outdoors
Sales progressed by 9 percent at Oase Outdoors for the second quarter, as the Danish camping equipment company benefited from the reopening of European markets after their lockdowns. Its turnover reached 117 million Danish Kroner (€15.7m-$17.9m). On an organic basis, revenues grew by 10 percent. The company behind the Outwell, ...
-
News briefs
Strong recovery in Q2 for Polygiene
Polygiene is recovering strongly, thanks to its anti-viral technology. In a preliminary statement, the Swedish company indicates that its sales grew by 37 percent in the second quarter, keeping the gross margin at around 70 percent and generating breakeven operating results, compared with a loss of 4.2 million Swedish kronor ...
-
News briefs
Goldwin’s new outlook emphasizes the impact of the Covid-19 pandemic
Goldwin, which also controls The North Face’s trademark in Japan and has a stake in Woolrich International, has issued its outlook for the full year ending in March 2021. It forecasts that revenues will decline by about 23 percent from the previous year to 75,000 million yen (€624.7m-$688.0m). The Japanese ...
-
News briefs
Lenzing pays no dividend for 2019, elects Harris-Jensbach to the board
During Lenzing’s annual general meeting (AGM), which was held via livestream due to the Covid-19 pandemic, the decision was made not to distribute a dividend for the 2019 financial year (compared to €5 per share in the previous year). The Austrian fiber producer’s AGM also adopted a resolution discharging the ...
