All Article articles – Page 148
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Gregory performs better than High Sierra
Samsonite International reported a 19.6 percent increase in total sales to $915.6 million for the third quarter ended Sept. 30, including growth of 18.7 percent in local currencies, but this was mostly due to acquisitions. On an organic basis, excluding Tumi and the eBags business, which were taken over in ...
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Better margins for Peak Performance
Peak Performance improved its operating margin by three percentage points to 20.8 percent during the first quarter ended Sept. 30, as compared to the same period a year ago, according to its parent company IC Group, thanks mainly to higher average selling prices and higher gross margins.The brand's sales were flat ...
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Better results for Crocs
Although Crocs' revenues for the third quarter were off by 1.1 percent from the year-ago quarter, down to $243.3 million, they were above the top end of the company's revenue guidance, exceeding analysts' expectations. Income from operations improved to $2.7 million, as compared to last year's loss of $1.2 million.The ...
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Eoca announces five conservation projects it will support
The European Outdoor Conservation Association (Eoca) received applications from 131 conservation organizations for its autumn funding round. For the third consecutive year, the association held two rounds for the allocation of a total of €300,000 this year, which will support conservation projects with a link to outdoor enthusiasts worldwide.From the ...
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Munich, Hamburg, Stuttgart and Milan are racing against Friedrichshafen
Five organizers of trade shows have been officially selected by the European Outdoor Group (EOG) as potential candidates to hold the European OutDoor show from 2019 on. Confirming an earlier report, aside from the Milan fair, the four others are all German. In addition to the trade show organizations in ...
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Wolverine raises guidance after better-than-expected results
Wolverine Worldwide reported a drop in revenues of 3.7 percent to $581.3 million for the 13 weeks to Sept. 30. Adjusted revenues, which take into account an extra week added through a change in the financial calendar, were down by 8.0 percent. The year-ago quarter had 12 weeks and ended ...
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Invista sells apparel & advanced textiles business
Invista has entered into a definitive agreement with Shandong Ruyi Investment Holding, a Chinese textile group, to sell Invista's apparel & advanced textiles business, one of Invista's four major business units. The transaction includes well-known brands such as Lycra and Coolmax, among others, while it does not include Cordura, which ...
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Pentland reorganizes for efficiencies and possible acquisitions
Pentland Brands is rationalizing the management of its various brands in the U.K. by closing two offices in Stockport and Wakefield, which currently host the operations of its two team sports brands, Canterbury and Mitre, respectively. These operations are set to be moved to Speedo's existing international headquarters in Nottingham ...
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Schwan-Stabilo‘s outdoor unit outperforms
The outdoor division of Schwan-Stabilo posted an overall increase of 4.5 percent to €164.2 million in the past financial year, ended in June. Noting that the German outdoor market grew by an estimated 3 percent, the management said that all its outdoor brands – Deuter, Ortovox, Maier Sport and Gonso ...
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TNF and Timberland grow outside the U.S.
VF Corporation, reported a 3 percent decline in the global sales of The North Face during the third quarter ended Sept. 30. The management attributed this mainly to a shift in the timing of orders, indicating that the brand's total sales were actually up by 3 percent on a ...
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IC Group weighs potential sale of Peak Performance
IC Group, the Danish owner of Peak Performance, is evaluating a potential sale of part or all of the Swedish sports apparel brand, after structural improvements in its business and results in the last years.IC Group says it has engaged Rothschild, the investment bank, as it started a strategic review ...
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GoPro returns to profitability
Following many quarters of financial losses, GoPro experienced a reversal of fortune, posting a net income of $15 million for the third quarter - a sharp improvement from the net loss of $104 million of the year-ago period – as revenues soared by 37 percent to $330 million.The company said it ...
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Garmin raises outlook following strong outdoor sales
Garmin recorded better-than expected results for the third quarter, driven by its outdoor segment, prompting the company to raise its full-year guidance.Sales rose by 2.9 percent from the year-ago quarter to $743.1 million, above Wall Street's average estimate of $721.2 million. The company said it experienced particularly strong demand for ...
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Hydro Flask loses steam
Hydro Flask continues to make progress in overseas markets, particularly in Northern Europe, while building up its distribution in the Asia-Pacific region. However, its parent company, Helen of Troy, reported a strong deceleration in the growth of the American beverage bottle brand in its domestic U.S. market during the second ...
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A stimulating EOS in Treviso
Organized by the European Outdoor Group (EOG) in collaboration with Assosport and the Italian Outdoor Group (IOG), the European Outdoor Summit (EOS) attracted 270 delegates in Treviso on Oct. 4 and 5. The EOS will take place next year in the Swedish city of Malmö, which is easily reachable from ...
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Wolverine quantifies its gains from divestitures
Like other companies involved in the outdoor sector, Wolverine Worldwide is trying to maximize margins instead of sales to cope with what it calls “the new normal” of slow growth in the outdoor sector.Announcing the completion of the portfolio management initiatives it had planned for the current financial year, Wolverine ...
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Deckers’ results improve
Following several quarters of mixed results, Deckers Brands posted a solid quarter that topped analysts' expectations. This led the company to raise its full-year outlook. It now expects sales for the year ending March 31, 2018 to go up in a range of one to two percent as compared with ...
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Thule continues to improve
The Thule Group reported an increase in net income to 185 million Swedish kronor (€18.9m-$21.9m) for the third quarter, up by 18.5 percent from SEK 156 million in the year-ago period. Continuing a positive trend, sales grew by 6.9 percent to SEK 1,385 million (€141.4m-$164.2m), rising by 8.5 percent on a ...
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VF buys Icebreaker
VF Corp. has announced a definitive agreement for the takeover of Icebreaker Holdings, the merino wool apparel specialist from New Zealand. The transaction should be completed early next year. The price of the acquisition has not been disclosed, but VF said that it will be immediately accretive.Icebreaker will nicely complement ...
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Helly Hansen buys Musto
Helly Hansen has agreed to purchase Musto, a British brand of sailing apparel, which will help to reinforce the Norwegian group's business in the sailing category and its presence in the U.K. sailing and outdoor markets.Musto was acquired for an undisclosed sum from Phoenix Equity partners and other shareholders, but ...
