All Article articles – Page 166
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Go Outdoors studies potential sale
Go Outdoors, the British outdoor retailer with 57 large-scale stores, is studying strategic options that could lead to a sale of at least part of its shares. Go Outdoors said it was in the initial stages of discussions with potential investors, as a means to fuel expansion. Chris Matthews, the ...
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Globetrotter’s restructuring measures pay off
Fenix Outdoor International, the owner of Globetrotter, says that restructuring measures at the German outdoor retail group are being implemented and paying off faster than anticipated, which is encouraging Fenix to start considering new store openings again.The Fenix group, which bought out minority shareholders to acquire full ownership of Globetrotter ...
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New products drive Thule’s results
Excluding the snow chain business divested in 2015, the Thule Group's net income from continuing operations increased by 21.5 percent to 169 million Swedish kronor (€18.2m-$20.7m) on 5.5 percent higher revenues of SEK 1,380 million (€148.8m-$169.4m) in the first quarter. The underlying operating profit margin (Ebit) improved to 17.0 percent ...
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Wolverine declines less than expected
While continuing to scout the market for possible acquisitions, Wolverine Worldwide's management is considering another possible review of its brand portfolio, after its recent termination of the Patagonia footwear license and the divestiture of Cushe.Meanwhile, it is doubling investments in market intelligence as it sees the need for product innovation ...
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SOG defines its core values
Setting a new record, the annual assembly of the Scandinavian Outdoor Group (SOG), held in Oslo on April 20-21, saw the participation of 32 of its 55 members. The assembly elected a new board of directors, which approved a nice set of “Core Values” for the association.It reads as follows: ...
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Rebranding and closures for Ray’s Outdoors
Super Retail Group, the owner of Ray's Outdoors, intends to close or rebrand half of the Australian retailer's 55 outlets. Coming after a strategic review of about 15 months, the restructuring program should cost about 38 million Australian dollars (€24.5m-$27.9m).Super Retail Group anticipates that about AS$110 million (€71.0m-$80.8m) of the ...
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Bogs’ sales tumble in the first quarter
Sales of Bogs, the American specialist supplier of waterproof boots, tumbled by 17.0 percent during the first quarter of 2016 compared with the year-ago quarter, primarily due to a mild winter season. The drop followed a sudden 22 percent decrease for Bogs in North America during the last quarter of ...
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Blacks and Millets break even
The JD Sports Fashion group reported that its Blacks and Millets outdoor stores have reached breakeven for the year to Jan. 30, although the group's entire outdoor retail business remained loss-making due to costs relating to larger Ultimate Outdoors stores.The JD group's outdoor retail division raised its sales by 11.0 ...
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New sales structure for BD in Europe
The new European office of Black Diamond in Innsbruck is now expected to become operational by June 30. As previously reported, the move should result in a $2.2 million cut in annual operating costs (See The Compass Vol. 9 N° 7-8 of April 14).The relocation of the European office from ...
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A bad quarter for Black Diamond
Sales and profit margins took a big hit at Black Diamond during the first quarter of 2016 from currency headwinds and poor sales of ski products in Europe. They also suffered a “perfect storm” from the bankruptcies of some major U.S. retail clients, disruptions in the raw materials supply chain ...
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Columbia delivers another strong quarter
Records were again smashed by Columbia Sportswear in the first quarter ended March 31, as sales increased by 9.6 percent to $525.1 million, up by 12 percent in constant currencies. The rise included sales growth of 7 percent to $51.3 million in Europe, the Middle East and Africa (EMEA), up ...
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Timberland announces extended environmental standards
Timberland has announced a set of environmental standards – the Timberland Environmental Product Standards (TEPS) – across all of its product categories. Building on the legacy of its Earthkeepers collection, the company is now setting environmental targets for all product categories, not just one collection. The company has also unveiled ...
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Outdoor footwear and apparel drive Amer sales rise
Arc'teryx and Salomon both delivered double-digit sales rises for apparel in the first quarter of this year. They contributed to a sales increase of 10 percent to €635.5 million for their Finnish owner, the Amer Sports group, with a broad-based sales hike of 11 percent in constant currencies and an ...
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Allied Feather & Down attains TDS traceability certification
Allied Feather & Down has been certified by NSF International to the Global Traceable Down Standard (TDS). Certification to the Global TDS can be granted to organizations that demonstrate that the down they process is from farms complying with the highest levels of animal welfare, and that the down is ...
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New owners for Sherpa Adventure Gear
Innov8 Partners, an American family-owned investment company that has nothing to do with the British Inov-8 brand of trail running shoes, has made an unspecified investment in Sherpa Adventure Gear. According to a spokesman, it has acquired a majority stake in the company, based in Kent, Washington, and provided much-needed ...
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Moncler posts 18% sales increase, with growth in all regions
Moncler reported stronger-than-expected sales growth in the first three months of the year, despite a challenging base of comparison and the sector's uncertainties. Revenues for the quarter reached €237.3 million, representing an 18 percent rise compared with the previous year's first quarter, or a 17 percent rise at constant exchange ...
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Garmin posts strong Q1 results on lower margins
For the first quarter ended March 26, Garmin recorded $624 million in total revenues, up 7 percent over the same period last year, with the fitness and outdoor segments combined contributing 38.3 percent of total revenues. The company ended up with net income of $88.1 million, up 32 percent, in ...
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The UTMB race raises €324,000 for charities
The 14th edition of the Ultra-Trail du Mont-Blanc (UTMB), the mountain ultra-marathon which takes place annually in the Alps, has found all the 150 solidarity race-bibs available for runners making donations taken up. The organizers guarantee one place in the race, up to a limit of 150 places, to any ...
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Mammut sells less
Conzzeta Group, the Swiss holding company that controls the Mammut Sports Group, reports that the Swiss outdoor company's operating result and operational cash flow will be adversely affected in the years ahead by the implementation of a five-year strategic program to improve its performance, after a drop in sales and ...
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MGM is no longer a joint venture
Enzo Prandina has sold his 50 percent stake in the Italian MGM group, parent company of Trezeta and Kayland and licensee of Fila for inline skates, to his long-time partner Germana Congiu, who owned the balance of 50 percent. They had been sharing ownership of two other former Italian companies ...
