All Article articles – Page 171
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Jarden merges into Newell Brands
Newell Rubbermaid, the parent company of many consumer brands including Rubbermaid, Parker and Waterman, will acquire Jarden Corporation at about $60 a share, including $21 in cash and the balance in shares, and take over its debt of $5.2 billion. The purchase price is 25 percent higher than Jarden's share ...
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Black Diamond will streamline and move its European office
While looking for possible new investments inside and outside the outdoor sector, Black Diamond Inc. (BD) has decided to simplify its structure following the sale of Gregory Mountain Products and Poc in the past two years. The reorganization, which should entail restructuring charges of $3.5 million in the next 15 ...
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Swix buys Norwegian bike brand
The Swix Sport Group is further expanding its offering with the acquisition of Hard Rocx, a Norwegian brand specializing in high-end mountain bicycles, which should be completed at the start of next year. The Swix group, which already owns several brands of outdoor and winter sports apparel, footwear and equipment, ...
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Better results for Johnson's outdoor segment
Cost-cutting and unseasonably warm weather conditions helped Johnson Outdoors to turn around to a net profit of $1,167,000 in its fourth quarter ended Oct. 2 from a loss of $876,000 in the year-ago period. Sales increased by one percent to $85.7 million in the seasonally slow period, rising strongly in ...
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Doug Tompkins has passed away
Douglas R. Tompkins, the American entrepreneur and conservationist who founded The North Face in 1964 or 1966, according to conflicting reports, and Esprit in 1968, died in a kayaking accident on General Carrera Lake in the Patagonia region of Southern Chile on Dec. 8. He was 72 years old. ...
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Outdoor companies speak out around climate conference
Patagonia and VF Corporation were among the outdoor-related companies that weighed in on the debates around climate change as the 2015 United Nations Climate Change Conference (COP 21) was held in Paris earlier this month.The production of cotton and the textile and apparel manufacturing industry in general will have to ...
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Wolverine Worldwide announces executive appointments
Wolverine Worldwide has announced a spate of new appointments. Among others, Seth Cobb has been appointed president of the fast-growing Chaco brand. He replaces Chip Coe, who became managing director of Wolverine in Europe, the Middle East and Africa in September.Cobb has been with the group for more than 15 ...
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Cotswold and Snow & Rock form Outdoor and Cycle Concepts
Outdoor and Cycle Concepts was formed in the U.K. at the start of November as a joint corporate entity grouping the operations of four retailers: Cotswold Outdoor, Snow & Rock, Cycle Surgery and Runners Need. The four banners were brought together earlier this year after the AS Adventure Group, the ...
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Allsport is taking a break
Allsport Moden, the Austrian outdoor and winter sports apparel company, has decided to terminate production and distribution of the Allsport brand after the upcoming summer range. The company wants to take a break to rethink its business approach and to offer its services to other sports and outdoor companies, as ...
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Houdini partners with Albaeco on Planetary Boundaries business assessment
Houdini Sportswear, the Swedish outdoor clothing company, is collaborating with Albaeco, a Swedish non-profit organization, on what it calls the first corporate Planetary Boundaries Assessment. The Planet Boundaries framework was first introduced in 2009, when a group of 28 scientists - led by Johan Rockström from the Stockholm Resilience Centre ...
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Peak Performance down on wholesale adjustments
As Peak Performance continues to adjust its distribution, the turnover of the Swedish ski, outdoor and golf brand declined by 2.8 percent to 343 million Danish kroner (€46.0m-$48.7m) for the quarter to the end of September, but its own retail sales increased sharply and contributed to a rise in operating profit ...
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Data can determine success in addressing consumers
Retailers need to be more proactive and service-oriented, and they must collect and make use of customer data to survive in this age of strong technological and social change, said Colin Bradshaw, one of the speakers at the European Outdoor Summit in Sheffield last month, in a speech on the ...
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ZDHC acts on leather and wastewater
ZDHC, the Zero Discharge of Hazardous Chemicals program, has added leather to its list of manufacturing restricted substances (MRSL). The new version of the MRSL list, which has been developed by the apparel and footwear brands that are supporting the program, establishes concentration limits for solvents, cleaners, adhesives, paints, inks, ...
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Camelbak on track after acquisition by Vista Outdoor
The acquisitions of Camelbak and Jimmy Styks pushed up sales of the Vista Outdoor group for the second quarter of its fiscal year. The group's turnover increased by 5.0 percent to $551.4 million for the three months until Oct. 4, with $24 million of added sales from the two buys. ...
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The world’s biggest retail chains grew faster in 2014
The 73 biggest integrated sporting goods retailers raised their sales to $92.2 billion in 2014, according to an annual SGI survey, indicating growth of 8.4 percent in local currencies and 7.5 percent in U.S. dollars. This represents a slight acceleration in their expansion as compared to 2013, when their sales ...
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Wolverine works on product pricing
To protect its international business from the strong increase in the value of the dollar, Wolverine Worldwide selectively adjusted the price of some products upwards outside the U.S. earlier this year, recognizing that this could put pressure on sales. As company officials feel that the strength of the dollar will ...
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A new joint industry initiative on labor standards
A group of some of the world's biggest sports and outdoor brands, along with retailers, NGOs and industry groups, have launched the Social and Labor Convergence Project, a collaborative initiative aimed at developing a standardized methodology for social and labor performance assessment in the global apparel and footwear manufacturing sector.Among ...
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Moderate growth for Jarden’s outdoor unit
Jarden Corp. reported a 3.6 percent drop in sales in the third quarter to $654.5 million for its Outdoor Solutions segment, which includes Coleman, K2, Völkl, Marker, Dalbello, Marmot, Berkley, Shakespeare, Rawlings and about 15 other sporting goods brands. Organically, sales rose by 3.7 percent. The segment's earnings inched up ...
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Good progress for Thule
The Thule Group reported this week on a continued favorable trend in sales and earnings for its Outdoor & Bags segment, which is getting full attention from the management due to its new strategic focus on the sport and outdoor sector. Its commuter cycling backpack won first prize last month ...
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Osprey expands
Osprey Europe is moving to larger premises to cope with its strong growth in the region, where its sales grew by 26 percent to more than £20 million (€27.9m-$30.4m) for the 12-period ended last July 31. Orders for spring/summer 2016 are up by 28 percent from the year-ago level.Osprey will ...
