All Article articles – Page 159
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New European GM for Amer Sports
Armin Fuchs has been appointed as general manager for the Amer Sports group in Europe, the Middle East and Africa (EMEA), as part of its moves to realign functions to a more consumer-focused sales and channels organization.Fuchs has been with the Finnish owner of Salomon, Atomic, Suunto and many other ...
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Amer adjusts for digital growth
The Amer Sports group is adjusting its business structure to create a connected devices and services category, as the Finnish sporting goods supplier is multiplying efforts to launch connected products.The new category is covering Amer's digital services and technologies along with the former Sports Instruments division, which chiefly covers the ...
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Tenson adds markets and equipment
Tenson is reshaping some of its distribution in European markets after its acquisition in March by Nedvest Capital, a Dutch investment firm, which led to new arrangements for the Swedish outdoor brand in the Benelux countries and the German-speaking markets.Tenson was previously owned by the Unlimited Sports Group (USG), the ...
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Hi-Tec to be acquired by Cherokee
Cherokee Global Brands (CGB), a U.S. company specializing in apparel sales and licensing, has agreed to take over nearly all of the assets of Hi-Tec Sports International for an aggregate purchase price of about $95.8 million from the Van Wezel family, and to transform the Dutch-based sports and outdoor footwear ...
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Warm weather reduces store traffic for Peak Performance
With six added stores, Peak Performance saw its turnover move up by 1.5 percent to the equivalent of 348 million Danish kroner (€46.8m-$49.5m) for the quarter until the end of September but its Ebit margin contracted by 4.9 percentage points to 17.8 percent for the three months, as it spent ...
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Newell’s outdoor segment posts a loss
Higher sales for Pure Fishing were more than offset by a sales decline at Coleman during the third quarter, leading Newell Brands to report a 3.2 percent drop on a comparable basis for Jarden Corporation's former Outdoor Solutions segment, excluding the snow sports brands held for sales. Furthermore, Marmot Mountain ...
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Weak U.S. wholesale market impacts VF
The North Face's turnover soared by 20 percent in constant currencies for the third quarter in Europe, the Middle East and Africa (EMEA), but this ample rise could not make up for weakness in the North American wholesale market. This has more broadly affected sales at VF Corporation, the owner ...
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Gore opens two new testing labs
W. L. Gore & Associates has opened a new state-of-the-art Biophysics and a Heat and Flame Protection laboratory in Elkton, Maryland. The new facilities are supposed to allow Gore engineers to very quickly assess the performance of component materials while developing new understanding and technologies.The Biophysics lab helps predict the ...
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Thule makes further progress
The Thule Group continued to improve its profitability in the third quarter to Sept. 30.The company's operating income (Ebit) went up by 17.1 percent to 243 million Swedish kronor (€24.8m-$26.3m), raising the operating margin to 17.8 percent from 15.5 percent in the year-ago period. Even after currency adjustments, the underlying ...
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Fenix Outdoor raises sales and profit
Warm weather in September affected sales of Fenix Outdoor International around the end of the third quarter, yet the Swedish-based outdoor brand owner and retailer managed raise sales and a more significant increase in operating profit for the three months until the end of September.The entire group's sales were up ...
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The outdoor industry develops in France’s Rhône-Alpes region
Outdoor Sports Valley (OSV) and the department of Haute-Savoie, in the Rhône-Alpes region of eastern France, have presented the results of the 3rd edition of the Observatory of the Outdoor sector. In 2015, the cumulative sales of the companies in the sector across the eight departments of the region grew ...
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Jack Wolfskin heading for debt restructuring?
Jack Wolfskin could reportedly face debt restructuring measures relating to debt of €365 million, as the German outdoor brand's performance is deteriorating and it may struggle to comply with the conditions set forth in agreements with lenders.While Jack Wolfskin declines to comment on the situation, Reuters reports that the company ...
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Earlier dates and more events for OR
The organizers of Outdoor Retailer have confirmed that they will be moving the dates of its two fairs forward by about six weeks from 2018 onward - in June for the Summer Market and in November for the Winter Market. It's a major move for the biggest remaining sports trade ...
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Craft’s parent improves margins
The New Wave group, the Swedish company behind Craft, saw the sales of its sports and leisure division dip by 3 percent for the third quarter, as increasing sales in Sweden, other Nordic countries and southern Europe could not make up for sluggishness in the U.S. market. Along with Craft, ...
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Patagonia launches a collection using recycled materials
Patagonia has unveiled a new collection made of recycled materials, from the insulation to the outer layers. The so-called Recollection includes shirts, fleece vests, a coat, a hooded pullover, men's pants and a skirt. The items are made from 100 percent recycled down, 100 percent recycled wool and 100 percent ...
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Casey Sheahan is Keen Footwear’s new CEO
Keen Footwear has appointed Casey Sheahan as its next president, effective Nov. 14. He replaces Steve Meineke, who was set to retire in mid-November. Meineke will continue to collaborate with the company as an active member of the advisory council. Sheahan has a 35-year experience in the outdoor, athletic and ...
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Karstadt’s owner buys Internetstores
Internetstores, the European online retailing group for cycling and outdoor products, is to be taken over by Signa Retail, the Austrian holding company that controls Karstadt and Karstadt Sports. Signa is acquiring a stake of 87 percent in Internetstores by buying the share of 42 percent held by EQT Expansion ...
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Black Diamond is optimistic
Black Diamond reported a minimal increase in sales from continuing operations during the third quarter to $39.4 million from $39.3 million a year ago, up by 3 percent in constant currencies. European sales exceeded expectations, with a better response to at-once and replenishment orders from strategic accounts. Bookings from the ...
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Bad Karma creates more problems for GoPro
GoPro is facing class action suits from shareholders who feel misled by the action-camera company's claims about the demand and the sales potential for its new Karma drones. Three law firms announced the legal action after GoPro recalled about 2,500 drones on Nov. 8 after discovering that they can lose ...
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Osprey Packs appoints new president
Osprey Packs has announced the appointment of Layne Rigney as its new president. The announcement comes two months after the departure of Tom Barney, Osprey's longtime president. In addition, the Colorado-based outdoor pack and adventure-travel luggage company has named Jason Dunlap as vice president of finance and promoted Scott Pfotenhauer ...
