All Helly Hansen articles – Page 2
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News briefsCanadian Tire Corp launches first own activewear brand
Canadian Tire Corporation (CTC) has launched its first own activewear label, called Forward With Design (FWD), which was designed, developed and engineered in-house. CTC is a Canadian group of companies that includes a retail segment, a financial services division and a real estate investment trust. In the sports business, the ...
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ArticleHelly Hansen replaces Phenix as apparel supplier to Norwegian ski team after nearly 30 years
The Norwegian Ski Association Alpine and Helly Hansen have reached an agreement for the next eight years. Helly Hansen will thus become the team’s official partner, supplying apparel and other equipment starting with the 2022-23 ski season. Partnering with the Norwegian Ski Federation Alpine is a natural and strategic decision ...
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News briefsGoldwin’s annual operating profit up 11 percent
Goldwin’s revenues rose by 8.6 percent to 98,235 million yen (€756.4m) in the financial year ended March 31, while operating profit climbed by 11.2 percent to ¥16,501 million (€127.1m), better than a Feb. 10 operating earnings forecast calling for a 5.7 percent decline to ¥14 billion. But the reported annual ...
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ArticleUpdate: Sports companies and the war in Ukraine
We had previously reported on first, early measures taken by some sports companies such as Nike, Haglöfs and Mammut following Russia’s attack against Ukraine. In the meantime, other companies have joined, and industry groups and federations are also taking action. We have summarized the activities that we are aware of. ...
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Infographics & DataInternational sports apparel market 2020
This chart shows the revenues, growth and market share of the top 26 sports apparel brands in 2020 vs. 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefsHelly Hansen and Musto grew by 46% in Q2
Canadian Tire Corporation reported a 45.9 percent increase in external revenues for Helly Hansen and Musto to 100 million Canadian dollars (€68.5m-$80.3m) for the second quarter ended July 3. Outside Canada, the revenues from the two brands amounted to C$95.1 million (€64.7m-$76m), up from C$64.7 million in the comparable period ...
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News briefsHelly Hansen maintains sales momentum
In the first quarter ended April 3, Helly Hansen’s revenues increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at rou ghly thesame pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian Tire, which ...
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News briefs
Helly Hansen CEO will step down as planned
In May 2018, when Canadian Tire Corporation (CTC) acquired Helly Hansen, its CEO, Paul Stoneham, committed to lead the brand for another three years. Stoneham had been appointed CEO by Helly Hansen’s former controlling shareholder, the Ontario Teachers’ Pension Plan, in early 2015 to set the company on a new ...
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News briefs
Helly Hansen down by 1% in Q3
Sales of Helly Hansen, the Norwegian outdoor apparel and workwear brand acquired by Canadian Tire in 2018, saw its sales decrease by 3 percent to 155.4 million Canadian dollars (€101.1m-€119.2m) in the third quarter, but this was a strong sequential improvement after the 21 percent decline in the second quarter. ...
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ArticleHelly Hansen personalizes online customer experiences, signs major sponsorship deal
Helly Hansen has reported an important sponsorship contract that will make it the clothing supplier of the Norwegian Ski Association’s national alpine ski team. The deal will take effect from the 2022/23 season and will last for eight years. It was a logical choice for the 140-year-old Norwegian company to ...
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News briefs
Helly Hansen overhauls its IT
Helly Hansen is overhauling its computer system to smooth operations, cut costs and come into compliance with regulations in various countries. The Norwegian sports apparel and gear producer is stringing together the Infor M3 enterprise resource platform (ERP), the Salesforce customer resource management (CRM) platform, the Front Systems point-of-sale system, ...
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News briefsCurrency headwinds weigh on Helly Hansen’s results
Helly Hansen’s revenues for the second quarter fell by 21.0 percent to 68.9 million Canadian dollars (€44.1m-$52.1m), weighed down by store closures and foreign-currency headwinds. In constant currencies, they were down by 12.6 percent. Most wholesale customers were closed across the globe in the quarter, as were distribution centers and ...
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News briefs
Helly Hansen becomes official apparel sponsor of The Ocean Race
Helly Hansen has become the official clothing supplier of The Ocean Race. The 140-year-old Norwegian brand has been the apparel sponsor for teams competing in the race from its beginnings, in 1973. One of these was the Norwegian team itself, which made its debut in 1981. Another was the Ericsson ...
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News briefs
Flat sales at Helly Hansen
Canadian Tire Corp. reports that Helly Hansen booked a 7.3 percent sales decline in the first quarter ended on March 28, largely due to the sharp decline of the Norwegian kroner against the U.S. dollar, which led to a foreign currency loss of $7.0 million for the Canadian group. In ...
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