All Article articles – Page 154
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IC Group adjusts its management structure
IC Group, the Danish owner of Peak Performance, has restructured its management to attribute more responsibility to the chief executives of its three leading brands, after a review that led to a downgrade of the company's forecast for the full year until the end of June.Nicolas Warchalowski, the CEO of ...
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Mountain Warehouse doubles its sales abroad
Mountain Warehouse's international sales roughly doubled in the fiscal year to the end of February to make up 25 percent of the value-oriented British outdoor apparel retailer's sales, up from 20 percent the previous year.The British retailer, which focuses on private label products, saw its sales rise by 30.8 percent ...
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Mixed sales results for Lowa in 2016
After several years of uninterrupted growth, Lowa‘s revenues declined by 3.3 percent last year to €147 million due to various factors, but the total volume of shoes sold remained more or less constant at 2.5 million pairs, and the management is projecting a resumption of the company's growth for this ...
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Strong growth for Thule
Thule Group reported a 20 percent increase in net income to 203 million Swedish kronor (€21.0m-$22.9m) for the first quarter of 2017 on a 15.9 percent sales increase to SEK 1,599 million (€165.7m-$180.6m). Currency-adjusted, the quarterly sales rose by 12.3 percent and led to an improvement in the underlying operating ...
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Generally good prospects for next month’s OutDoor show
Big and small brands are remaining loyal to the OutDoor show in Friedrichshafen, although it is being staged about one month earlier than usual, running from Sunday June 18 to Wednesday June 21. In fact, the total number of exhibitors who have booked space at the fair has risen by ...
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Merrell is gaining momentum
Wolverine Worldwide reported better-than-expected sales and profits for the first quarter ended April 1, due in part to an accelerated program of store closures and the liquidation of $20 million worth of related inventories. Besides 104 underperforming stores shut down during the quarter, an additional 76 stores were closed in ...
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The North Face thrives in Europe
The North Face has been thriving in Europe, the Middle East and Africa (EMEA) in the first quarter, leading to sales growth of 19 percent in constant currencies. But its owner, VF Corporation, was impacted by sluggish sales for Timberland and its jeans brands in a weak U.S. market.The North ...
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Volatility in down prices
Prices for natural down have gone up recently, due to various factors. While admitting that it is always possible that prices may decline after booking, Allied Feathers & Down is recommending earlier planning for down usage to promote greater pricing stability and a fixed price guarantee for the entire season.The ...
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Double-digit growth for Johnson Outdoors
Johnson Outdoors reported sales of $149.8 million for the fiscal second quarter ended March 31, which represented a 12 percent increase versus the same quarter a year ago. However, sales in the camping segment registered a 2 percent decrease to $11.4 million, which the company attributed to the restructuring of ...
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Deckers explores a possible sale
Bowing to pressure from some of its shareholders, the board of directors of Deckers Brands announced that it was exploring strategic alternatives, including a possible sale of the company. It has retained Moelis & Company as financial advisor and a legal counsel to assist in the process.The announcement was made ...
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OSV offers a new course for the outdoor industry
Outdoor Sports Valley (OSV), the French trade association that brings together companies in the outdoor sports industry, is setting up a new specialized course in partnership with the Savoie-Mont-Blanc University and the Institut Universitaire de Technologie (IUT) of Annecy. It plans to launch a bachelor-level course in Sports Design & ...
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Columbia is pushed up by international sales
Due to the unstable situation in the U.S. retail market, Columbia Sportswear has slightly downgraded its guidance for the full year. It predicts that sales will gain 3 percent, compared with an earlier forecast of 4 percent, with a lower U.S. wholesale turnover and 1 point of currency headwinds. The ...
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Change in CEO at Icebreaker
Greg Smith, who is heading up Icebreaker in Australia and New Zealand, is taking over as chief executive of the merino outdoor apparel specialist from the start of June. He will succeed Rob Fyfe, who owns a minority stake of 5 percent in the company and held the job for ...
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Sports Direct buys U.S. outdoor retailer
Sports Direct International (SDI), the large-scale European retailer that owns Field & Trek along with the Karrimor and Gelert brands, has obtained court approval to take over assets of Eastern Outfitters, a U.S. outdoor and sports retailer that filed for Chapter 11 bankruptcy protection. The U.S. retailer previously had 86 ...
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Fenix buys South Korean distributor
Fenix Outdoor International, the company that owns three leading European outdoor retailers along with Fjällräven and several other outdoor brands, has agreed to take a stake of 75 percent in Alpen International, its distributor in South Korea.Fenix says the takeover will be made through a share issue, which is meant ...
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JD’s outdoor business turns profitable
The outdoor division of JD Sports Fashion, comprising Blacks, Millets, Tiso and other outdoor retail operations in the U.K., became profitable in the full year to Jan. 28. While its turnover climbed by 27.6 percent to £198.1 million (€233.7m-$248.1m), the division reported an operating profit before exceptional items of £1.1 ...
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Tecnica is due to get a new financial boost
Confirming press reports, the Tecnica Group says that an Italian investment fund, Italmobiliare, is in due diligence proceedings for the acquisition of a minority stake in the company. The transaction should be closed in the summer. The Zanatta family will remain in control of the group, whose brands include Blizzard, ...
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Bogs weighs down on Weyco's results
Weyco Group posted another disappointing quarter, as sales of its Bogs brand of boots continued to decline. Bogs' sales went down by 21.0 percent, reflecting the continued softness in the outdoor and better footwear channels.Weyco said the brand's sales were impacted by unseasonably warm weather and a lack of precipitation. ...
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Blackstone reportedly handing over Jack Wolfskin to lenders
Blackstone, the private equity firm that purchased Jack Wolfskin in a leveraged buy-out of an estimated €650 million in 2011, has reportedly agreed in principle to hand over control of the German outdoor brand to a group of lenders in a debt for equity swap.As previously reported, Blackstone has been ...
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Good first quarter for Black Diamond
The new year started well for Black Diamond. Sales were up by 9 percent in dollars and local currencies for the first quarter, reaching a level of $41.6 million, with growth in each of the company's main product categories: climb, mountain and ski. Strong sales were recorded for carabiners, protection, ...
