News Briefs – Page 14
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News briefs
Mammut Sports Group perform better than Conzzeta's other segments
The Mammut Sports Group, which is up for sale as we have previously reported, performed better last year than the other segments in which its parent company, the Swiss Conzzeta Group, is involved. The group’s Outdoor segment recorded a sales increase of 5.9 percent to €268.4 million (€307.6m-$343.8m) in 2019. ...
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News briefs
Moncler continues to grow
(SGI) The chief executives of Moncler and Kering have both denied press speculation about a possible acquisition of the Italian brand of luxury outerwear by the parent company of Gucci, Saint Laurent and other luxury goods brands, which spun off Puma two years ago. Indicating that there were no concrete ...
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News briefs
New CEO for Rapala
(SGI) In the midst of reforms to turn around the business, Rapala VMC has appointed Nicolas Warchalowski as its new chief executive, effective March 1, 2020. He has had an extensive career in international consumer businesses, heading up companies such as BabyBjörn, Peak Performance and Haglöfs. Warchalowski is taking the ...
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News briefs
Shimano buys Pioneer Sports Cycle assets
(SGI) Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013. Many of Pioneer’s current products have been designed to be ...
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News briefs
Mixed results for Thule
(SGI) The phasing-out of low-margin contracts with OEMs in the U.S. had a negative impact on Thule’s sales of SEK 11 million Swedish kronor (€1.0m-$1.1m) for the fourth quarter and accounted for half of the negative trend in the region. The Swedish company is known for its roof racks, roof ...
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News briefs
Anta Sports Products, the Chinese sports brand, is confident in...
Anta Sports Products, the Chinese sports brand, is confident in its growth trajectory, to judge by its latest 2019 projections. According to a letter sent by the company to its shareholders, its financial data through November is indicative of a jump in net income of at least 45 percent by ...
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News briefs
Production delays pushed deliveries of GoPro's new Hero8 cameras into...
Production delays pushed deliveries of GoPro's new Hero8 cameras into the fourth quarter, leading the company to record weak results for the third quarter, but the drop was lower than what GoPro and the financial community had predicted. Revenues tumbled by 54.1 percent to $131.2 million, while the gross margin ...
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News briefs
Johnson Outdoors returned to profit in its fourth fiscal quarter,...
Johnson Outdoors returned to profit in its fourth fiscal quarter, ended on Sept. 27. The group's net income reached $3.9 million, against a net loss of $4.9 million for the corresponding period in 2018. The management said this was largely due to increased sales and the timing of tariff exclusions ...
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News briefs
American Outdoor Brands, which is aiming to separate its outdoor...
American Outdoor Brands, which is aiming to separate its outdoor and firearms businesses in the second half of 2020, reported a 15 percent drop to $47.8 million in the revenues of its Outdoor segment in the company's second quarter ended Oct. 31, due to lower sales of shooting and hunting ...
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News briefs
Driven by the Japanese market, Gregory continued to grow rapidly...
Driven by the Japanese market, Gregory continued to grow rapidly in the third quarter, with sales rising by 22.2 percent to $18 million, with a growth of 21.3 percent in local currencies, according to Samsonite International. High Sierra's sales grew by 3.3 percent on a currency-neutral basis, reaching $14.9 million. ...
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News briefs
Coleman is still not out of the woods. Its parent...
Coleman is still not out of the woods. Its parent company, Newell Brands, said it suffered in the third quarter from the competition with Yeti at the high end of its product range and with Igloo at its lower end, but the big American outdoor brand plans to respond with ...
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News briefs
Vista Outdoor reported an organic sales decline of 7 percent...
Vista Outdoor reported an organic sales decline of 7 percent in its Outdoor Products segment, excluding Bollé and other divested eyewear brands. The division's total sales were off by 14 percent to $234 million, but the adjusted gross margin was up by 3.97 percentage points to 26 percent. The remaining ...
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News briefs
Rocky Brands raised its sales by 2 percent to $67.2...
Rocky Brands raised its sales by 2 percent to $67.2 million in the third quarter, ended on Sept. 30. The company's retail sales jumped by 21.8 percent to $14.5 million. Wholesale revenues saw more moderate growth of 0.4 percent, reaching $47.2 million. In the military segment, sales decreased from $7 ...
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News briefs
Regatta, the British outdoor clothing specialist, saw its turnover increase...
Regatta, the British outdoor clothing specialist, saw its turnover increase from £183.3 million to £198.2 million (€231.3m-$254.7m) for the year to Jan. 31. The net profit soared to £17 million (€19.8m-$21.8m) from £11.1 million a year earlier.
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News briefs
Lenzing's revenues for the first nine months of 2019 declined...
Lenzing's revenues for the first nine months of 2019 declined by 1.1 percent to €1.62 billion as compared to the same period last year. Revenues were negatively impacted by the low prices of standard viscose, which registered a historic low in the third quarter, coupled with sluggish demand due to ...
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News briefs
The global production of organic cotton surged by 56 percent...
The global production of organic cotton surged by 56 percent from 2016/17 to 2017/18, as shown in the Textile Exchange's “2019 Organic Cotton Market Report.” This marks the highest levels seen in eight years. India, China and Kyrgyzstan were the biggest contributors. The production of organic cotton fiber globally reached ...
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News briefs
The Swiss Conzzeta Group reports a 1.9 percent increase to...
The Swiss Conzzeta Group reports a 1.9 percent increase to 186.7 million Swiss francs (€169.7m-$187.3m) for the first nine months of this year in its Outdoor segment, which mostly consists of the Mammut Sports Group. It was the only segment of the Conzzeta Group that recorded an increase for the ...
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News briefs
American Outdoor Brands, whose main asset is Smith & Wesson,...
American Outdoor Brands, whose main asset is Smith & Wesson, suffered a 10.9 percent decline in total revenues to $123.7 million in the first quarter ended on July 31. Disappointing financial analysts, the group had a net loss of $2.1 million for the period, compared with net income of $7.6 ...
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News briefs
Brands like Canada Goose and Arc'teryx get a halo effect...
Brands like Canada Goose and Arc'teryx get a halo effect by promoting the Canadian manufacture of their products. According to a survey conducted by PricewaterhouseCoopers (PwC), there is significant demand for Canadian-made products abroad. The Canadian branch of the London-based “professional services network” surveyed 3,521 consumers in Australia, France, Germany, ...
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News briefs
Gregory continued to grow strongly in the first six months...
Gregory continued to grow strongly in the first six months of Samsonite's financial year, ended on June 30. The technical backpack company's sales rose by 22.1 percent on a constant-currency basis, and they were up in dollars by 19.7 percent to $34.9 million. By contrast, High Sierra, a more lifestyle-oriented ...
