News Briefs – Page 7
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News briefsScarpa posts double-digit sales increase
Scarpa, the Italian specialist in outdoor footwear, posted sales of €134 million in 2021, which marked a 22 percent increase year-over-year. Export accounted for 82 percent of its revenues. The U.S. was its leading foreign market, with a share of 20 percent, followed by Germany and Benelux, the U.K., France ...
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News briefsAngling Direct reports 7.2% sales increase
Angling Direct, the British omnichannel fishing tackle and equipment retailer, has posted a revenue increase of 7.2 percent in the full year ended Jan. 31, 2022, with annual revenues reaching £72.5 million (€85.4 million). The company reported a pre-tax profit of £4 million (€4.7 million) as compared to £2.7 million ...
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News briefsUSWE Sports delays quarterly report due to Covid-related inventory postponement
Sweden-based USWE Sports AB, listed on the Stockholm-based Nasdaq First North Growth Market since last June, has delayed the release of its Q4 21/22 report (January to March 2022). Previously, the company had announced a May 12 publication date, postponed by the company at short notice, without providing an alternative ...
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News briefsGregory sales decline slightly in Q1, impacted by Asia and Europe
Samsonite International reported that Gregory Mountain Products sales declined 4 percent to $15.1 million in Q1 2022 from $15.8 million a year earlier, making it the only Samsonite brand to report a decline in the period. Sales in North America increased 5 percent due to the easing of social distancing ...
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News briefsHelly Hansen pauses Russian ops; Q1 sales up 24 percent
Helly Hansen has “temporarily paused” its operations in Russia due to the war in Ukraine, the company’s publicly traded parent Canadian Tire Corporation (CTC) has announced in a filing. The outdoor brand’s business in Russia consists of 41 retail stores and an e-commerce site, employing more than 300 total. CTC ...
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News briefsJack Wolfskin positioned for growth as Callaway lifts group guidance
Callaway Golf raised annual guidance after a strong first quarter, driven by its Topgolf driving range venues, strong performances from its other segments and positive signs from its Jack Wolfskin brand. Revenue for the three months to March 31 rose 59.6 percent to $1.04 billion (€990m). Adjusted Ebitda was up ...
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News briefsSpain’s Orbea posts sixth consecutive year of growth
As CMDsport and other Spanish outlets are reporting, Orbea announced at its annual meeting on May 7 that it had recorded a sixth consecutive year of growth. Sales for the Spanish-Basque bicycle company rose by 41 percent year-on-year to €282 million. More than four-fifths (81 percent) of these sales came ...
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News briefsHövding changes hands and delists from the stock exchange
Investor Joel Eklund and his Malmö-based investment company Fosielund Holding AB made a mandatory offer for Hövding at the end of 2021 after exceeding the threshold of 30 percent of shares in the company. In March, Hövding received an interest-free hybrid loan of SEK 50 million (€4.7m) from Fosielund, and ...
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News briefsCoDi’s consumer business driven by Boa
Compass Diversified’s (CoDi) branded consumer business was led by Boa Technology in the first quarter ended March 31 as the closure system brand generated a 75 percent increase in adjusted Ebitda to $24.9 million from revenue growth of nearly 56 percent to $56.8 million as compared to $36.5 million. Elsewhere ...
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News briefs
Newell Brands’ outdoor sales lifted by early retailer orders
Newell Brands’ outdoor and recreation division’s first-quarter sales increased by 15 percent to $388 million, bolstered by accelerated orders of seasonal products by retailers, as operating income tripled to $45 million. Brands within the segment include Aerobed, Bubba, Campingaz, Coleman, Contigo, Marmot and Stearns. Core sales were 22.9 percent ...
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News briefsRapala VMC reels in 2022 outlook
Rapala VMC, the Finnish-based fishing tackle firm, is now forecasting its full-year 2022 comparable operating profit to be below what it was in 2021. The crisis in Ukraine, a cold and late spring in the Northern hemisphere and faster normalization in the U.S. after the Covid-19 pandemic are the drivers ...
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News briefsJack Wolfskin reset strategy unveiled
The Jack Wolfskin brand will see a renewed focus on its outdoor roots, with a tagline of “We Live to Discover,” according to details unveiled during parent Callaway’s investor day on April 26. New Wolfskin brand ambassadors will come from the researcher, advocate and documentarian world. A “DACH double down” ...
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News briefsStellar Equipment improves on both turnover and profitability
According to Swedish Ehandel magazine, outdoor brand Stellar Equipment AB has grown by roughly 50 percent in the 2020/21 fiscal year. Sales for the financial year ended on June 30, 2021, reached SEK 152 million (€14.7 million), with a profit of roughly €725,000 after tax. The growth rate of the ...
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News briefsTernua Group appoints new HR director
Ternua Group, the owner of Ternua, Lorpen, Loreak Mendian and Astore, has hired Nerea Burutarán as the new group’s human resources director. Prior to joining Ternua, Burutarán was head of human resources and communication at Basque technology center Ikerlan since 2015. She previously spent most of her career at Mondragón ...
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News briefsBergfreunde reports 31 percent growth in 2021, turnover exceeds €200 million
German e-commerce specialist Bergfreunde has released its 2021 report, stating a record turnover of €203 million. Given the unbroken growth trend in 2022, Bergfreunde is investing in new employees and further expanding its customer support (which currently counts 60 people) and IT development team. In 2021 alone, the store IT ...
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News briefsVista Outdoor partners with Stockperks to enhance retail investor relationships
Vista Outdoor, the parent company of 39 brands that design, manufacture and market sports and outdoor products, and Stockperks, a New York City-based retail investor engagement company, have launched the Vista Outdoor Shareholder Rewards Program for the U.S. through the Stockperks app. To launch the program, retail shareholders using the ...
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News briefsHelly Hansen revenues rose 24 percent outside Canada last year
Helly Hansen, the Norwegian sportswear and workwear company, acquired in July 2018 for CA$ 985 million (€707.7m) by Toronto-based Canadian Tire Corp., generated a 19 percent increase in total revenues to CA$ 644.8 million (€435.2m) for the 12 months ended Jan. 1. Helly Hansen sales outside of Canada increased 20 ...
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News briefsDorel Sports grows by 5.8% in the fourth quarter
Dorel Sports, which is now listed as a discontinued operation in the accounts of Dorel Industries following its recent $810 million sale to the Pon Group, saw its net profit improve by 21.8 percent to $2.29 million in the fourth quarter ended Dec. 30, according to its parent company, although ...
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News briefsFox Factory easily passes $1 billion sales mark in 2021
Despite Covid-related production outages at some OEM customers, suspension specialist Fox Factory Holding Corp. posted a 45.9 percent increase in sales in fiscal 2021 to $1.299 billion (€1.15bn). Bicycle products alone accounted for 44.6 percent of total sales. With these good sales figures under its belt, the U.S. company also ...
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News briefsAngling Direct posts sales increase despite Covid-19 store closures and decline in online sales
Angling Direct, the British fishing tackle retailer, has reported a 7.2 percent sales increase for its financial year ended Jan. 31, 2022, despite a 4.3 percent decline in online sales and the closure of all its 42 stores for three months, from Feb. 1 to April 11, 2021, due to ...
