All Article articles – Page 246
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Timberland’S Sales Fall More Than Its Profits
Declined in Timberland’s branded apparel and casual footwear brought the company down for the first quarter ended April 3, where total sales fell by 12.9 percent to $296.6 million. Currency differences were worth about $22 million, or 6.4 percentage points of the decline as the dollar strengthened. Footwear ...
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Excellent Results For Fenix Outdoor
Fenix Outdoor has reported a 34 percent increase in revenues to 298.6 million Swedish kronor (€27.9m-$36.9m) for the first quarter of this year, with 20 percent of the growth due to Swedish krona-denominated sales. This excellent performance allowed the parent company of Fjällräven, Hanwag, Primus and Tierra to raise ...
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Tnf Keeps On Driving Vf’S Sales
VF Corporation suffered a 6.5 percent drop in total revenues for the first quarter to $1,725.5 million, including royalties, or a 2 percent drop at constant currencies Net income fell by 32.3 percent to $100.9 million, spurred by softness in traditional department store channels and high unemployment in industrial ...
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Jarden Outdoor Solutions’ Results Are Impacted By Currency
Overall, Jarden Corporation’s management was pleased with the results of its Outdoor Solutions division in the quarter ended March 31, a seasonally slow period for the company. The sell-in of Coleman, fishing and team sports gear “met expectations” and margins were flat, excluding currency effects. The company’s key ...
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Europe Is Still A Challenge For Columbia; New Efforts In Poland
The revenues of Columbia Sportswear fell by 9 percent for the first quarter ended March 31, dropping to $272.0 million, including a 5 percent negative currency impact. Net income fell by 65 percent to $6.9 million. Results were particularly bad in Europe, where revenues dropped by 24 percent in ...
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Lower Results For Rocky Brands
Rocky Brands saw a 17.2 percent drop in net sales for the first quarter to $50.1 million. The net loss for the period, ended March 31, was $1.1 million, compared with net income of $0.3 million for the same period in 2008. Wholesale sales dipped by 9.5 percent to ...
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Messe Fn Announces New Layout For Outdoor; Will Improve Logistics
Messe Friedrichshafen, the organizer of the OutDoor show, continues to improve the local infrastructure to meet the demands of the European Outdoor Group (EOG), which backs the event as the representative of the European industry. Ibis is to open a new hotel at Friedrichshafen airport by July 1. The ...
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Gabel Sees Orders Rising By 20% And Eyes China Again
Gabel, the Italian producer of skiing, trekking and Nordic walking poles, reports an increase of about 20 percent in its order intake as of last month, compared with the same time a year ago. In the first two months of the year, its sales were up by 22 percent from ...
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Wolverine Posts A 5.2% Sales Decline In Constant Currencies
Softness in its major markets held down the sales of Merrell in the first quarter ended March 28, but management said the brand was performing well at full price despite the slowdown. Overall, Wolverine World Wide’s sales fell by 11 percent to $255.3 million in the quarter, resulting ...
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Crocs Redeems Employees’ Shares
Crocs announced last Thursday that it would buy out the stock options taken by its employees with an exercise price of $10.50 a share or more. Assuming that all of the just over 5 million unvested eligible options are tendered and accepted, the company will spend about $315,000 in cash ...
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Schuster Eyes E-commerce As Sales Continue To Grow
Schuster, Munich’s big player in sporting goods and outdoor retailing, increased its sales by 9 percent to €45 million before VAT in 2008. This figure is for the entire group, including the main house, Sport Münzinger, as well as the flagship stores of Lacoste and The North Face. The ...
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Mammut Helps Its Parent Company In A Rough Year
The Mammut Sports Group saw its own sales rise by 8.8 percent to 192.6 million Swiss francs (€126.3m-$171.5m) for 2008. Excluding currency effects, it would have been double-digit growth. Rolf Schmid, MSG’s chief executive, explained that this effect comes from the Swiss franc, which has performed strongly in comparison with ...
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Scandinavian Brands Consider Organizing Their Own Show
The Nordic outdoor brands have expressed their desire to launch their own specialty trade show at the Scandinavian level by 2010. While there will be no changes for the winter season when the market is covered by the national shows in Norway and Sweden, the Scandinavian brands see room to ...
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No Change Of Ownership At Blacks
Blacks Leisure Group announced recently that it had ended discussions with an unnamed investor who had made an approach in this regard. The investor is widely rumored to be Mike Ashley, major shareholder of Sports Direct International, which already has a stake of about 29 percent in Blacks. According to ...
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Europe Launches A Bigger Program To Combat Counterfeiting
The Council of the European Union in Brussels adopted a new customs action plan against counterfeiting for 2009-12 last month. It has two main aims: the protection of the health and safety of consumers, and the protection of innovation, economic activity, competitiveness and jobs. The council has four major foci ...
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Outoor Sales Give Hi-tec A Big Boost
Hi-Tec has opened a new showroom in Kendal, in the heart of Britain’s Lake District, to better service customers in that prime hiking area of the country, and it is launching a major advertising campaign to promote its new award-winning Ion Mask technology. Designed to keep its footwear drier, lighter ...
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Timberland Opens First Store In Austria; Strengthens Its Eco Policy
Timberland has opened its first franchised retail store in Austria. The store follows the company’s eco-friendly concept, called “The Market Place,” and is located in Salzburg’s prestigious Getreidegasse, the touristic lane in the heart of the city, just around the corner from the house where Wolfgang Amadeus Mozart was born. ...
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Migros Plans To Double The Number Of Its Outdoor Stores In 2009
Migros, the huge Swiss co-operative, increased its sales by a stunning 13.5 percent to 25.8 billion Swiss francs (€16.9bn-$22.8bn) in 2008. The driving force behind the growth was retailing, with an increase of 16.3 percent to CHF 21.6 billion (€14.2bn-$19.1bn). Earnings before interests and taxes (Ebit) were up by 6.1 ...
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Morpho Is Setting Sails
Morpho, a French brand of snowshoes, won Ispo’s BrandNew Awards for its women’s sailing pants, developed under the company’s accessory brand Sailing for Women. The sailing apparel market is a relatively difficult one, with very few players, because the clothing is highly technical. Morpho’s sailing gear has padding in areas ...
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British Oia Re-invents Itself, But Plans No Own Show
As reported in the last issue, the British Outdoor Industries Association has appointed Louise Ramsay as its new director. The position had been vacant for more than one year, so the new director’s agenda is a very long one. Ramsay explained to The Compass the first steps that the OIA ...
