All Article articles – Page 129
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Wolverine invests more outside the U.S.
After its agreement with Xtep International for the distribution of Saucony as well as Merrell in China, Wolverine Worldwide has taken a further important step in its international development with the acquisition of Saucony's former Italian distributor, Sportlab. The group has allocated extra investments of $40 million this year for ...
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New investors for Polygiene
Håkan Lagerberg, chief executive of Swedencare, has become the biggest investor in Polygiene, the Swedish odor control company, with a stake of 7 percent. He and two other smaller investors have acquired shares in the company, which is still aiming for annual growth of between 20 and 30 percent in ...
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Houdini launches a Regenerative Lifestyle Initiative
Houdini has announced a new initiative to help reduce the use of material resources and safeguard nature, following the alarming report by the United Nations which estimates that 1,000,000 species are threatened with extinction. The Regenerative Lifestyle Initiative aims to modify lifestyles and reduce their impact on planet earth. The ...
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Haglöfs is improving
Japanese companies like investing in the outdoor sector, but the results have not been consistently brilliant. Haglöfs has been struggling somewhat since it was taken over by Asics Corporation in 2010, and Asics reported that Haglöfs' losses grew slightly to ¥260 million (€2.1m-$2.4m) in 2018, resulting in an ongoing negative ...
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Helly Hansen reports strong growth
Canadian Tire Corporation (CTC) is already starting to get a return on the huge investment it made to complete the acquisition of Helly Hansen last July, although the synergies will only start to filter through toward the end of this year, according to Paul Stoneham, the chief executive of the ...
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Johnson Outdoors’ fishing segment recovers
After an 11 percent decline in the first quarter, Johnson Outdoors' sales of fishing equipment bounced back in the second fiscal quarter ended March 29, lifting the company's overall sales to $177.7 million – a 7 percent increase from the same quarter in 2018. The management said the increase reflected ...
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Hoka One One grows strongly in Europe
Hoka One One continues to run fast. Deckers Brands, which bought Hoka in 2013, reported a 33 percent increase to $67.1 million for the brand's sales in the fourth quarter of its fiscal year, ended on March 31, driven by international sales. Its sales outside the U.S. went up by ...
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The Ternua Group enters the fashion sector
After six months of negotiations, the Ternua Group, the producer of sports and outdoor apparel headquartered in Spain's Basque country, has announced its acquisition of Loreak, a premium Spanish fashion brand previously known as Loreak Mendian. Like Ternua, it is based in the Gipuzkoa region of Spain, and like Ternua, ...
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Pentland’s CSR report focuses on UN goals
Pentland Group has released its Corporate Responsibility Review for 2018. Pentland is the parent company of Speedo, Ellesse, Berghaus, and other brands, as well as the majority shareholder in JD Sports Fashion, which owns numerous outdoor retail chains including Go Outdoor, Blacks and Millets.Pentland notes that it has been a ...
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Clarus posts record sales
Clarus Corp.'s momentum in 2018 continued into the first quarter of 2019, with sales growth across every brand, category, geography and channel. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income soar to $3.8 million for the three months ended on March 31, compared with ...
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A challenging quarter for Fenix
The Fenix Outdoor International group has reported a 10.4 percent decline in its operating profit for the first quarter of 2019, down to €19.3 million. The drop was attributed, in part, to further delays in implementing a new IT system at Globetrotter, which caused fresh cost overruns, and to other ...
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Jack Wolfskin weighs on Callaway’s profits
After a difficult fourth quarter, which was due essentially to a temporary lack of new products, Callaway Golf posted mixed results for the first three months of this year.Net income tumbled by 23 percent from the year-ago quarter to $48.6 million, although sales jumped by 28 percent to $516.2 million, ...
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Garmin performs better in outdoor than fitness
A drop of 7.8 percentage points in the gross margin to 50.4 percent in Garmin's fitness segment resulted in operating income being reduced by nearly a half to $18.1 million in the first quarter, although revenues surged by 9 percent to $180.2 million. The company blamed the contraction on lower ...
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GoPro improves outlook after strong quarter
Revenues for GoPro in the first quarter jumped by 20 percent from the year-ago quarter to $242.7 million, and the company's net loss narrowed by 68 percent to $24.3 million. The gross margin soared by 11 percentage points to 33 percent.The management attributed the improved results to strong global demand ...
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VF looks for bigger acquisitions after a weak quarter
VF Corporation is looking for bigger prey in its remaining Outdoor, Active and Work segments after its recent takeover of Icebreaker and Altra, which are said to be performing well while being integrated into the group's global supply chain and its sales organization. Evidently, with an adjusted cash flow of ...
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Descente makes a writeoff for Inov-8
Descente, the Japanese group that has owned a majority stake in Inov-8 since 2015, faced another impairment charge for its fiscal year ended March 31, 2019, due to the British footwear brand's poor results.The group saw its overall sales inch up by 0.9 percent to 142,443 million yen (€1.1bn-$1.3bn) for ...
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Eoca funding reaches €3 million
The European Outdoor Conservation Association (Eoca) has announced that it has reached a new milestone in funding €3 million in conservation projects, following a new funding round. As a result of a public vote and the members' private vote, six new conservation projects were selected for the association to support, ...
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JD’s outdoor segment records a loss
The Outdoor segment of the big JD Sports Fashion retail group showed a drop in the gross margin of 1.0 percentage points to 42.5 percent and a decline in Ebitda to £10.0 million (€11.6m-$13.1m) from £23.0 million for the financial year ended on Feb. 2. After amortization and depreciation, the ...
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Globetrotter opens more small stores
Globetrotter has just opened a new 1,000-square-meter shop in the city center of Regensburg which is intended to offer customers unique shopping experiences, based on a new urban concept that calls for fewer square meters, excellent accessibility, personal and customer-oriented advice and special offers that make the store an ideal ...
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JD Sports Fashion reports record results overall, however
The acquisition of The Finish Line in the U.S. and Sport Zone in Iberia helped JD Sports Fashion to book a strong 49.2 percent increase in total revenues to £4,717.8 million (€5,454.2m-$6,171.5m) for the financial year ended on Feb. 2, compared with £3,161.4 million in the previous year. Finish Line ...
