All Article articles – Page 108
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ArticleHoka One One helps Deckers Brands grow in Q2
Deckers Brands showed growth in its second financial quarter ending June 30, mainly due to the very good results of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 15.0 percent from the same period last year to reach a new quarterly record of $623.5 million, ...
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ArticleOberalp launches LaMunt - a premium mountain sports brand for women
At the Oberalp Virtual Convention on Oct. 29, Ruth Oberrauch, member of the board of the Oberalp Group, officially presented LaMunt, the new mountain sports brand under the umbrella of the group. “LaMunt is the mountaineering brand from women for women, which opens up a new, female perspective on alpine ...
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ArticleColumbia restructures senior leadership to support omni-channel, digital plans
Columbia Sportswear Company announced a series of senior leadership changes executing on transition plans, supporting the company’s omni-channel plans for growth and unlocking digital opportunities. Before Thomas Cusick, executive vice president and chief operating officer, will retire from the company after 18 years in the second half of 2021, he ...
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ArticleBike boom boosts Shimano's earnings
Shimano’s sales for the first nine months of the year were down by 2.0 percent from the year-ago period to 264,174 million yen (€2.16bn-$2.53bn), hampered by lockdowns around the world in response to Covid-19. However, sales started to improve during the second quarter due to the soaring popularity of cycling ...
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ArticleMixed results for Fenix
Fenix Outdoor International posted lower sales for its third quarter but managed to keep expenses under control. The management said the emergency plan implemented in the first quarter bore fruit, keeping costs and expenses at a manageable level. The company has, wherever possible, renegotiated the rent at relevant brick-and-mortar stores ...
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ArticleOutdoor, marine and fitness drive record Q3 for Garmin
Garmin has reported record third-quarter earnings of $313.4 million, thanks to robust growth in demand for its marine, fitness and outdoor products. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported net sales of $1.11 billion for the 13 weeks to Sept. 26. This compares ...
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ArticleUnifi reports improved demand in Q1 as recycled fibers find favor
Recycled and synthetic textiles maker Unifi has reported better-than-expected results in the first quarter of fiscal 2021 driven by strong performances from its Brazilian and Asian operations and noted growing demand for its Repreve recycled fiber. The company said net income for the three months to Sept. 27 was $3.4 ...
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ArticleAmazon is up and running in Sweden
Amazon’s dedicated Swedish platform, Amazon.se – which leaked over the summer through a Finnish software developer – is now live. It offers about 150 million products in 30 categories, with free delivery on orders exceeding 229 Swedish krona (€22.20-$26.10). There is a mix of Swedish (Electrolux, Lagerhaus, OBH Nordica, Ellos, ...
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ArticleAnalyis: The coronavirus cycling boom – how are brands keeping momentum going?
All over Europe cycling boomed during lockdowns as gyms and swimming pools were temporarily shuttered and group sports were banned. As winter moved into spring and then summer, and full quarantines were relaxed in some areas, people emerged from their homes and took to their bikes as a means of exercise or commuting, encouraged by World Health Organization advice to consider cycling instead of taking public transport for essential journeys.
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ArticleSurge in healthcare sales during pandemic boosts 3M results
A surge in demand for healthcare and home improvement products has helped the consumer conglomerate 3M post better-than-expected third-quarter earnings, as hospitals stock up on protective equipment and workers forced to stay at home buy more DIY materials. Total sales rose 4.5 percent to $8.35 billion, above a consensus of ...
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ArticleIspo Munich Online to focus on digitization, health, sustainability
As reported earlier, Messe München has announced that Ispo Munich 2021, originally scheduled for Jan. 31 - Feb. 03, will be held entirely digital from Feb. 1 - 5 due to the current developments of the Covid-19 pandemic. Ispo Munich Online, the new all-digital format, will build up on the ...
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ArticleThule posts strong results
The third quarter was a good one for Thule Group, the Swedish company best known for its roof boxes and bike racks. It saw its net income soar by 148.6 percent from the year-ago quarter to 449 million Swedish kronor (€43.3m-$51.3m), while revenues jumped by 44.9 percent to SEK 2,043 ...
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ArticleMoncler reports a 14% drop in Q3
The decline in Moncler’s revenues slowed down in the third quarter to a rate of 15 percent, or 14 percent in local currencies, falling to a level of €361.8 million. The management reported high and constantly improving growth in China. Without providing the details, the management said that other markets ...
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ArticleKathmandu benefits from Rip Curl and online; publishes sustainability report
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine ...
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ArticleClarus expects lower sales for Black Diamond
While releasing preliminary results for the third quarter, Clarus Corp said it expects another quarter of declining sales for Black Diamond (BD), the group’s biggest brand. After recording a 47 percent drop in the second quarter, hit by store closures in Europe and America, BD will post a 10 percent ...
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ArticleInterview: Goldwin opens Munich flagship; expects positive business development
Clean, minimalist styling, first-rate functionality and zero-compromise performance – the new Goldwin flagship store in Munich undoubtedly reflects the core principles behind the Japanese brand that started out with knits and ski clothing. Today, Goldwin is still offering a technical and fashionable ski collection, but the main focus has changed ...
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ArticleMammut’s results beat expectations
In a business update, Conzzeta Group, the parent company of Mammut Sports Group, said revenues from the Outdoor segment, which only consists of Mammut, declined in the first nine months by 20.0 percent in reported terms to CHF 149.4 million (€139.3m-$163.2m), or by 17.5 percent in constant currencies and on ...
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ArticleNew owners for 4FRNT
According to an article in SNEWS, the independent U.S. freeride and backcountry ski company 4FRNT has been taken over by a group of private entrepreneurs from former owner Jason Levinthal, who acquired the brand from former founder Matt Sterbenz in 2017. The article was written by Levinthal himself. The new ...
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ArticleMajor fire in Fischer’s Ukrainian ski factory
Various news sources have reported that a fire broke out in a ski factory in Ukraine last week. According to the State Emergency Service of Ukraine (SES), the roof of a large one-storey building at the JSC Tysa ski factory caught fire on Oct. 12 at 2:00 a.m. Kyiv time. ...
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ArticleU.K. threatens no-deal Brexit; talks to continue next week
Tensions on stalled Brexit trade talks intensified as Boris Johnson, the British Prime Minister, said Britons should prepare for a no-deal departure if the European Union (EU) did not compromise, raising the prospect of supply chain chaos across Europe. Johnson stopped short of saying he was walking away from the ...
