All Outdoor Industry Compass articles in Volume 11, Issue 22-23
View all stories from this issue.
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Article
Oberalp stops with Silva, names new managers
While parting ways with Silva, a brand that it has been distributing in Italy, Germany and Austria since 2013, the Italian-based Oberalp Group has appointed new executives for its own brands – Salewa, Dynafit, Wild Country and Pomoca – in Europe and the U.S. For its part, Silva has appointed ...
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Short stops
Known for its technical trousers, Mountain Khakis has launched a...
Known for its technical trousers, Mountain Khakis has launched a technical line of men's underwear that uses a proprietary lightweight, breathable and quick-dry fabric
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Short stops
Houdini Sportswear of Sweden is teaming up with Polartec to...
Houdini Sportswear of Sweden is teaming up with Polartec to leverage its relationships with retailers in the North American market
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Article
Wolverine rides higher
The divestiture of Sebago and the military business caused a 3.9 percent decline in sales at Wolverine Worldwide, down to $558.6 million, in its third quarter ended on Sept. 29. On a comparable basis, sales inched up by 0.5 percent, but they were up by 1.5 percent excluding the leather ...
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Short stops
Moncler is opening a performance-oriented Moncler Grenoble store in London...
Moncler is opening a performance-oriented Moncler Grenoble store in London
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Article
Garmin posts strong results
Garmin posted strong results for the third quarter, with double-digit revenue growth in four of its five segments and double-digit growth in consolidated operating income. Total revenues were up by 8 percent to $810 million, with marine, aviation, fitness and outdoor collectively growing by 16 percent from the year-ago quarter ...
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Article
Newell sells Pure Fishing
Newell Brands has found a buyer for Pure Fishing, a constellation of fishing tackle brands that includes the likes of Abu Garcia, Berkley, Shakespeare and others, and Jostens. They were part of the former Jarden Corporation, which Newell bought in the spring of 2016. Other important assets like K2, Völkl ...
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Short stops
Scarpa is sending to the stores the first ski touring...
Scarpa is sending to the stores the first ski touring boots equipped with Recco detectors
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Article
GoPro expects to return to profits
Thanks to a strong reception for its new Hero7 Black action camera, GoPro managed to narrow its net loss from $37.3 million for the second quarter of this year to $27 million for the third quarter. This led the management to say that it expects to achieve profitability in the ...
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News briefs
Vivobarefoot used the latest edition of the Outdoor Retailer Winter...
Vivobarefoot used the latest edition of the Outdoor Retailer Winter Market, which was held in Denver on Nov. 8-11, to present its range of plant-based shoes. The range comprises the Primus Bio, which uses a plant-based polymer – a product based on industrial field corn – in its sole and ...
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News briefs
Victor Duran, the forward-looking executive who replaced Franz Julen at...
Victor Duran, the forward-looking executive who replaced Franz Julen at the helm of Intersport International Corp. (IIC) at the beginning of 2017, has stepped down as chief executive of the international retail organization with immediate effect. IIC's board has appointed a 52-year-old Dutch executive, Steve Evers, to take his place ...
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Article
Moncler records ongoing double-digit growth
Moncler posted consolidated revenues of €872.7 million for the first nine months of 2018, which represent an 18 percent increase compared with the first nine months of 2017, or a 23 percent increase at constant exchange rates. Growth was evident across all markets and distribution channels. Commenting on the figures, ...
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Article
Thule diversifies with more urban gear
The Thule Group is capitalizing on urban consumer trends to diversify its product range, after it redefined its remit in recent years to cover a mixture of urban products around the concept of active living and mobility. Magnus Welander, Thule's chief executive, outlined the strategy at the European Outdoor Summit ...
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Article
Leatherman sells Ledlenser, goes direct in Europe
The Leatherman Tool Group (LTG) has announced that it is divesting the German Ledlenser brand, which it acquired in April 2011. The closing is expected to take place by the first week of December. The new owner of Ledlenser is Afinum, an 18-year-old German private equity firm that owned Sigg ...
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News briefs
Yeti's initial public offering on the stock exchange didn't go...
Yeti's initial public offering on the stock exchange didn't go as well as expected. Its shares were initially priced at $18, below the target range of $19 to $21, and the price declined to $17 and has remained at that level, valuing the company at around $1.5 billion. Also, the ...
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News briefs
Essilor Sun Solution, the division within Essilor group dedicated to...
Essilor Sun Solution, the division within Essilor group dedicated to plano sun lenses, accompanied the first all-female expedition to reach the summit of Mount Everest. The expedition saw six Nepalese women, led by Kanchhi Maya Tamang, ascend Mount Everest to promote women's empowerment in Nepal and fight against human trafficking. ...
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Article
Gregory declines
Samsonite International saw mixed results in the third quarter of this year for its two backpack brands. High Sierra and Gregory had net quarterly sales of $14.5 million and $14.8 million respectively. This represented a year-on-year gain of 4.3 percent for the former, but a decline of 2 percent for ...
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Article
Deckers raises guidance as earnings rocket
Thanks to continued profitability gains by Ugg and top-line growth by Hoka One One, Deckers Brands raised its guidance for the full year through next March, budgeting higher earnings on sales that should reach a range of $1,935 million to $1,960 million. The group's net earnings for its second fiscal ...
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Short stops
Patrick Daniels, a former regional director of Esprit, recently joined...
Patrick Daniels, a former regional director of Esprit, recently joined Aigle as vice president of sales for Europe, the Middle East and Africa
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News briefs
Patagonia has launched new fleece jackets for the current season...
Patagonia has launched new fleece jackets for the current season which use “woolyester,” a material which blends micro-polyester with recycled wool from the Prato region of Italy, in partnership with Calamai. Thanks in large part to the recycling process, the production of woolyester fleece is said to use 23 percent ...
