All Article articles – Page 126
-
Article
Italy’s Sport Alliance invests in the outdoor sector
Following the lead of Sport 2000 Germany, which has many specialty outdoor retail members belonging to its Outdoor Profis division, Sport Alliance, the Italian licensee of Sport 2000 International, has set up three “sub-buying groups” for outdoor & ski, running and cycling as part of a new category management program. ...
-
Article
A larger team will run Schöffel
Schöffel is expanding its management team to stimulate its international expansion. The decision was made after the voluntary departure of Günther Herrmann, who had led Schöffel's marketing and sales department since 2018 as well as its product business unit since January. All the three business units that he previously supervised – ...
-
Article
Mixed results for Lafuma
Groupe Lafuma said the structural changes in its markets and customer consumption patterns continued in the first half of 2019 - with a decline in physical store traffic and an increase in online activity - and it has made targeted investments to respond to these changes and improve the customers' ...
-
Article
Tariffs weigh on Johnson Outdoors’ profits
Johnson Outdoors' earnings for its third fiscal quarter, ended on June 28, were hampered by the first round of new tariffs that were imposed by the U.S. on China last September amid the ongoing trade war between the two countries. The company's net income declined by 7.1 percent from the ...
-
Article
Higher sales and lower losses for Mammut
Net revenues increased by 6.9 percent on a comparable basis during the first half of 2019 to 117.9 million Swiss francs (€108.8m-$120.8m) in the Outdoor segment of the Conzzeta Group, which essentially consists of the Mammut Sports Group.Its operating loss declined to CHF 5.3 million (€4.9m-$5.4m) from CHF 6.4 million in the ...
-
Article
Tacx helps Garmin to reach record results
Lifted by its recent acquisition of the Tacx brand of cycling accessories and by gains in running, Garmin's revenues for the second-quarter ended on June 29 reached a record level of $955 million, an increase of 7 percent over the year-ago quarter. The company has raised its outlook for the ...
-
Article
Twin transactions expand Tecnica in outdoor footwear
The Tecnica Group has just completed two transactions to strengthen its market position in outdoor footwear. The Italian sports group has increased its majority stake in Lowa from 60 percent to 75 percent. The remaining 25 percent of Lowa is still held by its former chief executive, Werner Riethmann. Lowa ...
-
Article
Eoca’s Plastic Pledge at OutDoor by Ispo
The European Outdoor Conservation Association (Eoca) said that its Plastic Pledge proved successful at the recent OutDoor by Ispo trade show. The organization launched its Plastic Pledge, which aims to reduce single-use plastic waste at trade shows, just two months before the start of the Munich event, which ran from ...
-
Article
Moncler posts double-digit sales and profit growth
In the first half of 2019, Moncler recorded revenues of €570.2 million, an increase of 13 percent at constant exchange rates and of 16 percent at current exchange rates as compared to the corresponding period of 2018. The growth rate accelerated in the second quarter. The net income of €71.3 ...
-
Article
Norrøna’s growth comes to a halt
Arktis Holding, the group that controls all of Norrøna's operations, suffered a 24 percent decline in profits for 2018, after many years of steady growth. Net income landed last year at 61.6 million Norwegian kroner (€6.18m-$6.84m), while the turnover decreased from NOK 635 million in 2017 to NOK 630 million ...
-
Article
Lowa and others comment on the Chinese outdoor market
Matthias Preussel, sales director for the Asia-Pacific region at Lowa, discussed the challenges and opportunities of marketing an outdoor brand in China during a “Market Introduction Seminar for China” that was held in Munich on the third day of the OutDoor by Ispo show early last month.
-
Article
GoPro is getting closer to breakeven
GoPro's aggressive cost cutting efforts, disciplined expense and inventory management are starting to bear fruits. While the gross margin expanded by 5.5 percentage points to 34.9 percent, the American brand of action cameras managed to narrow its net loss in the second quarter to $11.3 million, down from $37.3 million ...
-
Article
Breaking boundaries at the EOS
We like “Breaking Boundaries,” the theme chosen by the organizers for the next European Outdoor Summit (EOS), scheduled be held in the Swiss city of Interlaken on Sept. 26-27. We find that it goes well with the typically adventurous spirit of outdoor enthusiasts as well as with the disruptive nature ...
-
Article
Callaway’s sales soar, boosted by Jack Wolfskin
After two consecutive quarters of mixed results, the latest quarter was an improvement for Callaway Golf. The group's net profit for the three months ended June 30 sank by 53 percent from the year-ago period, down to $28.9 million, but this was mainly due to currency headwinds and the impact ...
-
Article
Sanfo goes for events and bigger stores
Beijing Sanfo Outdoor Products, as China's largest outdoor retailer is formally called, has just opened its biggest flagship store, spreading over 2,350 square meters, in Shanghai. It offers a more comprehensive range of products and a more interesting shopping experience than the three other stores it has in the city.There ...
-
Article
Better-than-expected results for Canada Goose
Canada Goose Holdings posted better-than-expected revenues and a smaller-than-expected net loss for its first quarter ended on June 30, thanks to strong demand for its high-end jackets and parkas in Europe and Asia.Revenues jumped by 59.1 percent to $71.1 million Canadian dollars (€48.0m-$53.5m), which was well above analysts' expectations. The company's ...
-
Article
Sierra drags down Clarus, BD lays off some production staff
After a costly and difficult move of some of its production of climbing hardware from China to Salt Lake City, Black Diamond Equipment is reportedly considering shifting some of it again offshore - probably to Taiwan rather than back to China because of the U.S. tariff situation.The company is looking ...
-
Article
VF raises its guidance after a good quarter
Thanks to a better-than-expected performance posted by Vans and The North Face, VF saw its reported revenues improve by 6 percent to $2,271 million for the fiscal first quarter ended on June 30. Adjusted to exclude the spin-off of its lower-margin Kontoor jeans business, the acquisition of Altra and Icebreaker, ...
-
Article
Record Q2 results for Columbia
Columbia Sportswear's net income rocketed by 137 percent to $23.0 million in the seasonally small second quarter ended June 30. One of the drivers was an exceptionally strong counter-seasonal business with Columbia's line of performance fishing gear, PFG, which is approaching an annual turnover of $200 million.The group's quarterly revenues ...
-
Article
Wolverine banks on H2
Wolverine Worldwide posted lower-than-expected sales in the second quarter ended on June 29, but its profitability slightly exceeded forecasts. The management largely confirmed its previous projections for the full financial year, predicting a strong second half, with a 5.5 percent currency-neutral increase driven by gains of nearly 10 percent for ...
