All Outdoor Industry Compass articles in Volume 9, Issue 5-6
View all stories from this issue.
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Article
Wolverine reports mixed results
Wolverine Worldwide reported overall declines in revenues of 7.1 percent to $751.2 million for the fourth quarter and 2.5 percent to $2.69 billion for the full financial year ended Jan. 2. On an underlying basis - before currency conversions, retail store closures and the phase-out of Patagonia footwear - the ...
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Article
Samsonite merges with Tumi
While continuing to look for opportunities in the outdoor market, Samsonite International is reinforcing its position as the leading global travel lifestyle company through a merger agreement with Tumi, which addresses business travelers mainly. The transaction is expected to close in the second half of this year. The deal offered ...
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Article
Lafuma makes some progress
The Lafuma Group has confirmed its turnaround by reporting a small net profit of €2,406,000 in the past year, up by 8.9 percent from the profit of the previous year. As expected, its strategic realignment led to a 5.3 percent increase in its total revenues to €162.8 million. All the ...
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Short stops
Patagonia has moved its London showroom to its new U.K....
Patagonia has moved its London showroom to its new U.K. office in Manchester
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Article
L-Fashion launches new strategic initiatives
Brand extensions are the name of the game in the flattish market conditions of today. The Finnish-based L-Fashion Group, which suffered from a tough market situation in its domestic market and in Russia last year, is coming out with the first lines of shoes under its Luhta and Icepeak brand ...
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Article
Luxov and other new partners for the IFSC
The International Federation of Sports Climbing is about to announce a list of six companies that have agreed to be its sponsors for this year's indoor climbing competitions, which will start with the Climbing World Cup at Meiringen in Switzerland on Apr. 15-16. The IFSC previously had only two sponsors ...
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News briefs
Mathias Hedström has taken the place of Mikael Sundstöm, the...
Mathias Hedström has taken the place of Mikael Sundstöm, the outgoing president of Nordic Kidswear. The 34-year-old manager was one of the founders of Addnature, the leading Swedish internet store. He will help Maria Frykman, founder, owner and chief executive of Nordic Kidswear, which is the company behind Isbjörn of ...
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News briefs
Yeti will move its headquarters to a new and larger...
Yeti will move its headquarters to a new and larger site in southwest Austin next year. The maker of coolers and beverage containers has signed an agreement with Lincoln Property Company to build a new 175,000-square-foot complex at Lantana Ridge, off Southwest Parkway, less than two miles from the current ...
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News briefs
As we reported in our last issue, the Tecnica Group...
As we reported in our last issue, the Tecnica Group has appointed new managers for all its brands as part of a reorganization intended to speed up its growth. The company has now announced the appointment of an industry veteran, Federico Sbrissa, in the role of strategic marketing manager of ...
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Article
Helen of Troy gobbles up Hydro Flask
The outdoor sports market continues to be an appetizing target for acquisitions, and its hydration segment is particularly juicy at the moment. After the takeover of Cool Gear by Igloo Products, of Camelbak by the new Vista Outdoor group and of Sigg Switzerland by a Chinese maker of vacuum bottles ...
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News briefs
The fate of Perry Sport remained uncertain as of yesterday,...
The fate of Perry Sport remained uncertain as of yesterday, after the generalist Dutch sports retailer was declared bankrupt on Feb. 23. Perry Sport is a major account for some outdoor brands, with 70 stores around the Netherlands. Toni van Hees, who was appointed to handle the receivership, started holding ...
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Article
Michelin Technical Soles expands sports partnerships
JV International (JVI), the new company that is handling the design, development and manufacture of high-performance Michelin branded soles, is expanding its collaboration with the Oberalp group and with Ride Snowboards and is working with two additional sports brands – Hi-Tec Sports and Kodiak – for the autumn/winter 2016/17 season. ...
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Article
Hilly socks expand internationally
The Hilly brand of technical running socks has been launched in the North American market this year, as part of an international sales drive for the U.K. brand. Its distribution is handled by the North American sales force for Bridgedale, the brand of outdoor and winter sports socks belonging to ...
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Article
Moncler posts double-digit sales and profit growth
Moncler posted consolidated sales of €880.4 million for the year ended Dec. 31, 2015, up by 27 percent, or by 19 percent at constant exchange rates, despite a slowdown in the last few months of the year due to an unusually mild winter in the U.S. and a drop in ...
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Short stops
ESM Sport will distribute Gabel poles in France
ESM Sport will distribute Gabel poles in France
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Article
VF disappoints investors
The usually buoyant Outdoor & Action Sports coalition of VF Corp. suffered a 3 percent drop to $2.1 billion in its sales during the fourth quarter ended Jan. 2, largely due to the warm weather conditions that also hurt Wolverine Worldwide, Deckers Brands and other companies with the exception of ...
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News briefs
Instead of the usual gala dinner, the next European Outdoor...
Instead of the usual gala dinner, the next European Outdoor Summit in Barcelona will organize a more informal “networking evening” in La Fàbrica Moritz on Thursday, Sept. 29. Delegates to the annual convention will be able to eat, drink, mingle and unwind in what the European Outdoor Group describes as ...
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News briefs
Two new managers – Juliette Delarue-Quairel and Toye Fritzell -...
Two new managers – Juliette Delarue-Quairel and Tove Fritzell - have joined Vista Outdoor's eyewear sport protection unit at Suresnes near Paris, reporting to its president, Olivier Ciaravino. Delarue-Quairel has been named global sport marketing communication manager for the Bollé, Cébé and Serengeti brands. Fritzell will ...
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Short stops
Criticizing its timing, Thorlo says it is not going to...
Criticizing its timing, Thorlo says it is not going to participate in the next summer edition of the Outdoor Retailer trade show in Salt Lake City
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News briefs
Dan Trapp has joined Salomon as global commercial director for...
Dan Trapp has joined Salomon as global commercial director for apparel and gear, based in Annecy. He had been previously the sales manager for Hoka One One in Northern Europe since January 2015, based at Deckers Brands' office in London. Prior to that, he had spent nearly three years at ...
