All Article articles – Page 134
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Driven by Vans and TNF, VF will not buy Skechers
Skechers' stock market capitalization went up by 6.3 percent after a Tweet message according to which VF Corporation, the parent of Timberland, Vans and other brands, was in advanced negotiations to buy the company at a high premium, giving it an enterprise value of about $6.5 billion.On the next day, ...
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The North Face unveils a breathable waterproof fabric
At this year's Consumer Electronics Show (CES) in Las Vegas earlier this month, The North Face unveiled a new innovative waterproof material – dubbed Futurelight – designed for use in outdoor apparel and equipment. It described this as a revolutionary fabric that is the most waterproof and breathable fabric ever created, ...
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Ispo Munich breaks a new record
Klaus Dittrich, chairman and chief executive of Messe München, delivered the traditional press conference a few days before the start of its Ispo Munich trade show. He began with some bad news, reporting that a worker had fallen from a ladder during the setting-up process and succumbed to his injuries.Fortunately, ...
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Crocs is still outperforming, wants to do better
With its financial turnaround virtually completed, Crocs is considering new initiatives in terms of product development and retailing, including the further development of e-commerce, to help reach a double-digit operating margin going forward, while keep gross margins slightly above 50 percent of sales and operating expenses below 40 percent.The company ...
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Arc’teryx starts gear-lending program
Arc'teryx, the fast-growing Canadian outdoor brand of the Amer Sports group, is launching an initiative across its North American stores and one in London that gives customers the opportunity to borrow apparel and gear for field testing.The program is meant to allay fears that the product and its materials might ...
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Suunto is opening its doors to app makers
To expand its “digital ecosystem,” Suunto, the maker of sports watches, dive computers and precision instruments owned by Amer Sports, has announced what it calls the Suunto Partner Program. The company has opened its cloud-based application programming interface (API) to encourage companies and other individuals to design apps to work ...
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Amundsen Sports doubles turnover
In 2018, Norway's Amundsen Sports doubled its turnover and had its best results ever, according to Sportfack. Sales for the year totaled 36 million Norwegian Krone (€3.7m-$4.3m), with the demand from Europe and the U.S. on the rise. Roughly half of the company's online sales of NOK 6 million (€0.6m-$0.7m) ...
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The EU has launched its Circular Plastics Alliance
The European Commission has launched an alliance of key industry stakeholders across the full plastics value chain as part of its efforts to accelerate Europe's transition toward a circular economy. The Circular Plastics Alliance is meant to stimulate the reduction of plastics littering and increase the share of recycled plastics, ...
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Yeti raises its guidance after a strong quarter
The American supplier of coolers and other outdoor equipment is doing better than expected since its recent listing on the stock exchange. Yeti Holdings' shares jumped by 14 percent after it published its second quarterly earnings as a public company. The strong preliminary results led Yeti to raise its full-year ...
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A record year for Johnson Outdoors
Thanks to strong demand for new products, Johnson Outdoors posted all-time high revenues and earnings for its fiscal year ended Sept. 28, in spite of a weak fourth quarter. In particular, the company said it recorded unprecedented growth in its flagship fishing and diving segments, which it attributed to a ...
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Russian retailer will make its own outdoor shoes
A major Russian shoe retailer, Obuv Rossii, is expanding the range of its private S-TEP brand by adding a line of outdoor shoes made at its own facilities, the company said in a statement on its website on Dec. 3, but it is not clear at this stage when the ...
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Schwan-Stabilo’s outdoor unit records growth
The outdoor division of Schwan-Stabilo posted an overall increase of 3.1 percent to €169.3 million for its most recent financial year, ended on June 30. Noting that the German group's overall sales decreased by 4 percent to €685.4 million in the company's 2017/18 business year, the management said that all ...
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Gore launches new three-layer laminate
W.L. Gore & Associates has announced the launch of a new three-layer laminate for outdoor apparel next year, as part of its offerings to help reduce the environmental footprint of outdoor fabrics. The new Gore-Tex 3-Layer features a recycled and solution-dyed polyester backer, as well as a durable water-repellent treatment ...
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Outnorth merges with Fjellsport
Two strong Nordic e-commerce players, Fjellsport from Norway and Outnorth from Sweden, are merging. Both Fjellsport and Outnorth are leaders in their respective local markets, and the merger is expected to drive further consolidation of their position in the outdoor segment, although Outnorth has a wider range of products.Fjellsport and ...
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Globetrotter will open five smaller stores
Globetrotter plans to open five relatively small stores of around 1,000 square meters in Germany in 2019, according to a big article in the Textilwirtschaft magazine based on an interview with Johannes Jurecka. A former manager in charge of operations at Foot Locker Europe in Germany, Jurecka became Globetrotter's chief ...
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Seven young firms receive OSV’s sponsorship
Outdoor Sports Valley (OSV), the French trade association of outdoor and winter sports companies, has unveiled the names of seven young companies that will receive its sponsorship in 2019. They are:- Hästko, a producer of technical underwear for riders;- MeroMero, a producer of durable, modular products for active parents and ...
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Snowleader donates to a mountain preservation project
Snowleader, the French omni-channel retailer, has partnered with Mountain Riders, an association that promotes sustainable development in the mountains and environmental education. Snowleader decided to donate one percent of its turnover for ten days to Mountain Riders. The retailer's management said that the company has a duty to preserve the ...
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Yeti’s shares plunge on weak cooler sales
Yeti Holdings's shares tumbled by 15 percent after it published its first quarterly earnings as a public company. While the earnings beat analysts' expectations, investors were disappointed by weak sales in Yeti's cooler/equipment segment.Yeti's price on the New York Stock Exchange has gone down to less than $14. This comes ...
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The EOG condemns racism and intolerance
The European Outdoor Group (EOG) has issued a strong public statement against these and other extremist tendencies, pointing out that humanity, diversity, tolerance and mutual respect are part of the DNA of the outdoor sector.Mentioning recent events in Germany, where some outdoor companies have been attacked on social media for ...
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Callaway buys the Paw
In a way widening the definition of the “outdoor market,” the world's leading golf equipment company, Callaway Golf, has announced an agreement to take over Jack Wolfskin, one of the leading European brands of outdoor apparel and accessories. Callaway is paying €418 million for the Paw (the company's nickname based ...
