Latest Headlines – Page 171
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A new European chief for TNF
VF Corp. has appointed Jan van Leeuwen as the new European chief of The North Face. He is taking the place of Kate Smith, who left in July after 16 successful months working in European sales for the brand. Most recently, Van Leeuwen held a similar position at Vans, which ...
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Clarus diversifies into natural skincare
Clarus Corp. has announced the acquisition of the assets of Skinourishment, the parent company of ClimbOn and other skincare brands. The financial terms of the deal have not been disclosed. Clarus is the parent company of Black Diamond and Pieps, and it recently bought another company, Sierra Bullets.The acquisition of ...
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Record results for Clarus
Clarus Corporation had a record third quarter, led by a strong performance from Sierra Bullets and continued strong growth across the Black Diamond brand. Continuing a favorable streak, the results led the company to enjoy a significant spurt on the stock exchange.Clarus' total revenues rose by 22 percent to $55.7 ...
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Pon is buying into Accell Group
Pon Holdings announced a week ago a bid for a 20 percent stake in its major Dutch competitor, the Accell Group, adding that it had already bought a 5.1 percent interest from one of its shareholders.Pon said it wanted to be only an “important” minority shareholder in Accell, developing “constructive” ...
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Dorel Sports’ profitability soars
Thanks to various cost-cutting measures implemented after a difficult financial year in 2017, Dorel Sports saw its operating profit for the third quarter ended on Sept. 30 increase to $7.0 million, up from $0.2 million for the third quarter of 2017. The gross margin improved by 1.2 percentage points to ...
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Newell sells Pure Fishing
Newell Brands has found a buyer for Pure Fishing, a constellation of fishing tackle brands that includes the likes of Abu Garcia, Berkley, Shakespeare and others, and Jostens. They were part of the former Jarden Corporation, which Newell bought in the spring of 2016.Other important assets like K2, Völkl and ...
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Bollé Brands is born
Peter Smith has been appointed to the newly created position of president and chief executive for Bollé Brands, the new company formed by A&M Capital to run the Bollé Safety business and the consumer eyewear and helmet business of Bollé, Cébé and Serengeti recently bought from Vista Outdoor for $158 ...
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Fitbit’s shares soar after unexpected profit
Fitbit has created a surprise in the market by reporting an adjusted net profit for its third quarter, led by strong sales of its smartwatches, sending the price of its shares up by nearly 9 percent. Revenues inched up by 0.3 percent to $393.6 million, also topping Wall Street estimates.The ...
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Garmin posts strong results
Garmin posted strong results for the third quarter, with double-digit revenue growth in four of its five segments and double-digit growth in consolidated operating income.Total revenues were up by 8 percent to $810 million, with marine, aviation, fitness and outdoor collectively growing by 16 percent from the year-ago quarter and ...
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GoPro expects to return to profits
Thanks to a strong reception for its new Hero7 Black action camera, GoPro managed to narrow its net loss from $37.3 million for the second quarter of this year to $27 million for the third quarter. This led the management to say that it expects to achieve profitability in the ...
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Nautilus posts mixed results
Fueled by double-digit growth in the retail segment, Nautilus' sales for the third quarter advanced by 3.3 percent to $91.1 million. However, the group's profitability declined significantly from the year-ago quarter.Sales the retail segment jumped by 14.9 percent to $39.2 million, with double-digit growth in both the mass retail channel ...
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Ispo Munich expands again
Ispo Munich will reach a high watermark of 200,000 square meters on Feb. 3-6, adding a further two halls – C5 and C6 – from last year's total of 16. The show is making plenty of room for meetings and networking.For 2019, the themes are “Health, Physical Activity and Sport,” ...
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The Fedas key becomes clearer
To allow more detailed POS data analysis and to support the new requirements of e-commerce, some important improvements have been made to the Fedas product classification key by SGI-DHO, the association that manages these important tools for data exchanges between vendors and retailers. The association recently changed management (see our ...
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Pentland unveils new charity partners, all chosen by its staff
Pentland Brands has announced five new partnerships with charity organizations, based in both the U.K. and abroad, which will last until 2021. Pentland Brands is the name behind Speedo, Berghaus, Ellesse, Kickers and other well-known sports, outdoor and fashion brands. The new charities were all chosen by Pentland's employees, based ...
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A new CEO for Intersport International
Victor Duran, the forward-looking executive who replaced Franz Julen at the helm of Intersport International Corp. (IIC) at the beginning of 2017, has stepped down as chief executive of the international retail organization with immediate effect. IIC's board has appointed a 52-year-old Dutch executive, Steve Evers, to take his place ...
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XXL names Bjerknes as CEO after a poor quarter
XXL ASA announced a major change of leadership after publishing relatively weak results for the third quarter. As of Dec. 1st, Ulf Bjerknes will become the new chief executive of the leading Nordic sporting goods retailer, replacing Hans Fredrik Steenbuch.Bjerknes was the CEO of the Swix Sport group between 2008 ...
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Go Sport sells Courir
Many full-line sporting goods retailers are opening lifestyle sneaker shops to cater to the growing athleisure trend in the market, but the French Rallye group is gearing up to sell Courir, its profitable and fast-growing chain of lifestyle-oriented sports stores, to a British equity investment fund, Equistone Partners Europe.The Courir ...
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Online growth and squeezed margins for Footasylum
Footasylum, the British sneaker-focused retailer, saw Ebitda swing into negative territory with a loss of £1.5 million (€1.7m-$2.0m) for the 26 weeks ended on Aug. 25 from a profit of £4.4 million in the year-ago period, in spite a 19 percent sales increase to £98.6 million (€112.1m-$128.4m).The company blamed the ...
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New Balance names Joe Preston as its new president and CEO
New Balance has announced that Rob DeMartini, who has been at the helm as president and chief executive during the last 12 years, will step down, effective Dec. 31. He will be replaced by Joe Preston, a veteran with 23 years of experience at New Balance.Under DeMartini's leadership, New Balance ...
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Puma’s apparel sales take off
Puma has slightly upgraded its forecast for sales and operating profit in the full year, after a buoyant third quarter that was marked by the acceleration of apparel sales.The company raised its turnover by 10.7 percent to €1,241.7 million for the three months, up by 13.9 percent in constant currencies, ...
