All Article articles – Page 235
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Wto Court Takes Up China’S Challenge Of Anti-dumping Duties
The World Trade Organization has agreed to review a complaint filed by the Chinese government last February that challenges the fairness of the anti-dumping duty of 16.5 percent extended by the European Union last December for 15 months on non-athletic leather shoes imported from China. The Dispute Settlement Body of ...
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Clarus Announces Super Merger Of Top Brands
Clarus Corporation, a publicly traded company in the U.S., is buying two outdoor equipment companies. It will pay $90 million in cash for Black Diamond Equipment of Salt Lake City, Utah, which makes equipment for rock climbers, ice climbers, alpinists and freeride skiers. In addition, it will pay $45 million, ...
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Winter And Outdoor Sports Drive Amer's Sales
Amer Sports’ focus on profitability has apparently begun to pay off, starting with an improvement of 2.2 percentage points in its gross margin to 42.7 percent for the first quarter of this year. The Finnish sports group ended the quarter with earnings before interest and tax (Ebit) of €9.5 million, ...
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Mctrek Is Set For Further Growth
McTrek, the German specialty chain of discounted outdoor products under the helm of Yeah! AG, increased its sales from €11.3 million to €14.6 million in 2009. On a comparable store basis, the growth was 29.2 percent. It was compounded by the effect of new shop openings in Regensburg, Recklinghausen and ...
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Spain, Italy And The U.K. Are Engines Of Timberland’S Growth In Europe
In the first quarter ended April 2, sales at Timberland went up by 7 percent to $317.0 million, a 3 percent increase in constant currencies from the same period a year ago, with growth in Europe, Asia and North America. Operating income more than doubled to $39.4 million from $18.2 ...
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Obama Is Serious On Conservation
At the White House Conference on America’s Great Outdoors (see previous issue), President Barack Obama told top officials and industry executives that the U.S. administration is trying to come up with and pursue the best ideas on conservation, and how to better utilize tax dollars for conservation. The Obama administration ...
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Tnf’S Parent Puts Its Hands On Blacks
VF Corporation, the owner of The North Face, Eagle Creek, Jansport, Napapijri and many fashion brands, has acquired a stake of 4.9 percent in Blacks Leisure Group, stating that it wishes to support the turnaround plan launched by the management of the embattled British outdoor retailer. This plan is to ...
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Columbia Displays Recovery In Europe And Beyond
As part of a robust quarterly performance that triggered an upgraded forecast for the full year, Columbia Sportswear hailed its return to growth in Europe, the Middle East and Africa (EMEA) during the first quarter ended last March 31. Although its European sales continued to fall in the ...
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Maclaine Pont Leaves Bever Zwerfsport
Didier Maclaine Pont, who steered the steady growth of Bever Zwerfsport in the last six years, is leaving the leading Dutch outdoor retailer over strategic disagreements with its shareholders. Bever Zwerfsport was taken over in 2007 by AS Adventure, the largest Belgian outoor retailer, which was subsequently acquired by Lion ...
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Fenix Takes Benefits From Progress In Own Retail And The Domestic Market
The freezing weather in Sweden last month strongly contributed to a jump of 12 percent in the sales of the Fenix Outdoor group in the first quarter, owing to an outstanding retail performance in Sweden. The company’s turnover reached 333.6 million Swedish kronor (€34.8m-$45.2m) for the quarter, an increase of ...
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Lafuma’S Sales Decrease, But The Company Is Back In The Profit Zone
According to preliminary figures presented for the first six months ended on March 31, the overall turnover of Lafuma Groupe was down by 6.8 percent to €120.8 million. While sales in France decreased by only 3.8 percent to €74.3 million, the international business slipped by 11.2 percent to €46.5 million. ...
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Arques Sells Fritz Berger To A Strategic Investor
Last week, Arques Industries, a private equity firm specializing in medium-sized companies, sold Fritz Berger, the big German camping and outdoor retailer, to a strategic investor whose name has not been disclosed. A spokesman for Arques declined to say who was the buyer of the chain. According to Financial ...
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Outdoor Again Leads Wolverine’S Good Results, Outlook Improves
Wolverine World Wide has reported that its revenues grew by 11.6 percent to $284.9 million in the first quarter of 2010, including a 3.6 percent gain from foreign exchange. Adjusted for restructuring and related charges in both years, gross margin in the quarter grew by 0.4 percentage points to 41.6 ...
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Outdoor And Action Sports Help Vf To Increase Sales And Margins
VF Corporation has reported tha, in the first quarter, group revenues rose by 1.4 percent to $1,749.9 million. Net income increased by 62 percent to a record $163.5 million for the quarter, thanks in part to foreign currency translations and lower pension expenses. Gross margins outperformed expectations. The Outdoor ...
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Deckers' Net Income Grows By 49%
Revenues grew by 16.1 percent to $155.9 million at Deckers Outdoor Corporation for the first quarter ended March 31. Operating income jumped by 49 percent to $28.8 million, and net income climbed by 45 percent to $17.9 million. The gross margin jumped by 6.1 percentage points to 50 percent as ...
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Globetrotter Grows Again By Almost 10%
Globetrotter Ausrüstung, the Hamburg-based retail giant, managed another impressive increase in turnover 9.8 percent. Sales after VAT jumped from €205 million to €225 million during the fiscal year 2009-10, which ended on Feb. 28. The increase was lower in comparison with the year 2008-09 when sales soared by roughly 15 ...
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Eog Has Presented An Interesting Report On Switzerland And Germany
The European Outdoor Group (EOG) commissioned a report on the European outdoor market to Profile Outdoors, focusing on Germany and Switzerland. This British market consultancy, which has worked for the EOG before, partnered with two German magazines, Outdoor and Klettern, and Mammut Sports Group. Two surveys were done – involving ...
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Two Nordic Distributors Merge
The owners of two Scandinavian distribution companies, Nordic Outdoor AS of Norway and Best in Outdoor Sports (BIOS) of Sweden, have agreed to merge after several months of discussions, forming a jointly owned holding company that will strive to become the best distributor of sports fishing products in the region. ...
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Eqt’S Retrenchment From Outdoor Continues With The Sale Of Tenson To Usg
After hectic negotiations, Tenson was acquired last week by the shareholders of Unlimited Sports Group (USG), the Dutch sports wholesale and retail behemoth. The company wants to bring Tenson back to growth after several years of decline, which reduced its sales to an annual level of approximately €10 million, mostly ...
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Stag Continues To Grow
In contrast with the bleak British economy, STAG is alive and kicking. The growing British buying group, which plays an important role in the British outdoor market, reports an increase in the retail members’ turnover to £240 million (€272.0m-$369.5m) after VAT for the year ended last Jan. 31, compared with ...
