All Article articles – Page 157
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Greenpeace applauds Gore on PFCs
Only a few months ago it would have appeared unlikely for W.L. Gore & Associates and “game-changer” to appear in a statement from Greenpeace about perfluorinated compounds (PFCs). Yet that is exactly what happened at Ispo Munich earlier this month, after the Gore Fabrics Division outlined its goal to eliminate ...
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Anta partners with Kolon for China
Anta Sports Products, the leading Chinese sports apparel and footwear company, has sealed a joint venture agreement with Kolon Sport to sell the South Korean brand in Greater China, primarily to complement its offering in the outdoor apparel market.Anta has become the largest Chinese sports apparel and footwear group, with ...
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Amer Sports is on track despite short-term delays
The Amer Sports group achieved record sales and profits last year despite a weak fourth quarter, caused by lackluster market conditions as well as delays in product launches.The owner of Salomon, Atomic, Wilson and many other brands saw its sales decline by 1 percent to €772.4 million for the last ...
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Haglöfs prepares to expand after cuts
Haglöfs took a hit in sales but roughly trebled its operating profit last year, as the Swedish outdoor brand owned by Asics cut out unprofitable distribution and adjusted its branding to start expanding again this year. That is the company's situation as described by Peter Fabrin, the company's chief executive, ...
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Strategic decisions affect TNF’s sales
The North Face ended the year with a relatively weak quarter, partly due to a strategic decision to ship fewer products to off-price channels in the Americas. The outdoor brand's sales were down by 7 percent for the three months, as its turnover tumbled at a low double-digit rate in ...
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Odlo shifts its focus to the sports market and key accounts
Odlo is returning to expansion this year after a strategic shift toward the sports market and direct partnerships with several large-scale sports and outdoor retailers.Christophe Bézu, the former Adidas and Esprit manager who became Odlo's chief executive in 2015, said that the Swiss-based base layer specialist saw its turnover shrink ...
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Garmin’s outdoor segment gains 46%
Garmin posted strong earnings and revenues for the fourth quarter that beat analysts' forecasts, largely driven by sales of wearable devices. Total sales rose by 10.0 percent to $861 million, beating the consensus estimate of $792.9 million reported by Thomson Reuters, with outdoor, fitness, marine and aviation collectively jumping by ...
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Canada Goose seeks a $2 bn valuation in IPO
Trying to replicate the commercial and financial success of Moncler, the Canadian brand of down-filled outerwear has filed applications to go public on the stock exchanges of New York and Toronto. While the pricing has yet to be determined, Canada Goose Holdings indicates that it considers its worth at around ...
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Gore introduces new stretch products
W.L. Gore & Associates is going to launch a campaign in March to support new technological, product and design innovations that it will show at the Ispo Munich fair starting on Sunday, where it will also introduce a dedicated “Innovation Lab.”The new concepts revolve around the notions of stretch and ...
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End of the slump in the Korean market?
The South Korean outdoor market remains one of the biggest ones in the world, but it is estimated to have declined by about 15 percent last year, due to economic sluggishness and unfavorable trends in consumption, but several protagonists predict that the situation may at least stabilize this year.The Korea ...
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Political pressure to move OR to Denver
Yvon Chouinard, the founder and owner of Patagonia, and Peter Metcalf, the founder and former chief executive of Black Diamond, have both written letters calling for Utah's political leaders to withdraw plans for the state to take control of federal public lands, which could be made easier to implement following ...
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Laken lowers prices, changes business model
The 105-year-old Spanish brand of stainless steel and aluminum bottles says it has been able to reduce wholesale prices for its cylindrical aluminum bottles by around 40 percent from those charged in 2016 by installing a new production line at its factory in Murcia last year. The investment has also ...
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Vista Outdoor is hit by an asset impairment
Vista Outdoor, the U.S. group of shooting and outdoor brands, acknowledged that it would have to take an impairment charge that could be in the range of $400 to $500 million for the three months until the end of 2016, which was the third quarter of its fiscal year. The ...
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McTrek’s omni-channel approach pays off
McTrek Outdoor Sports, the price-driven German outdoor retailer, has reported another year of double-digit sales growth, in part due to the opening of extra stores. Yeah, the holding company for McTrek, saw its sales jump by 11 percent to about €52.2 million in 2016, operating from 37 stores at the ...
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Hardly any stock market growth in outdoor
The stock market capitalization of the publicly listed companies involved in the outdoor sports sector inched up by 2.4 percent to $59.8 billion in 2016. It had risen by 9.8 percent in 2015, partly aided by a doubling in the value of Jarden Corp. prior to its merger with Newell ...
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Eoca announces funding for new projects
The European Outdoor Conservation Association (Eoca) has announced the first five projects it will get funding as part of its 2 Million Tree Campaign, the ambitious plan it launched in 2016 to plant and/or regenerate two million trees around the world.Funding will go to a project by Blue Ventures, a ...
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Competition authority reviews Go Outdoors acquisition
JD Sports Fashion has been prevented from fully moving ahead with the integration of Go Outdoors, the large-scale outdoor retailer it agreed to purchase for £112.3 million (€130.2m-$140.7m) in cash and £16 million in debt last November, due to a review of the acquisition by the U.K.'s competition watchdog, the ...
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ZDHC launches a training academy
The Zero Discharge of Hazardous Chemicals (ZDHC) foundation has launched an online portal offering chemical management training. The ZDHC Academy will be available to the industry on a permanent basis, enabling brands and manufacturers to improve their knowledge of responsible chemical management and to receive certified training. The ZDHC Program ...
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Hydro Flask looks abroad for growth
The young American company, which was taken over by Helen of Troy last year for $210 million, has struck a new distribution deal in Japan with Alco International. The new sales partner is expected to open more than 100 accounts in the early part of this year for its insulated ...
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Jack Wolfskin reports growing turnover
While the majority shareholder of Jack Wolfskin confirms that it has started holding talks with lenders, the German outdoor brand reportedly raised its sales by 12 percent to €351 million and it was profitable from an operating standpoint last year.The turnover was reported by Textilwirtschaft as part of a broader ...
