Latest Headlines – Page 287
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Elan has been sold
Bringing an end to a lengthy privatization process, Wiltan Enterprises, a Cyprus-based company owned by VR Capital Partners, described by the Slovenian Times as a venture capital fund owned by Russian interests, has signed a share transfer agreement for the acquisition of a 95.1 percent stake in Elan, the big ...
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Vista pays a high multiple for Camelbak
Moving very quickly with its intended strategy to expand in the outdoor and recreation sector, Vista Outdoor announced the takeover of Jimmy Styks, a small marketer of stand-up paddle (SUP) boards and related accessories, and - just a few days later - of Camelbak Products, the leading supplier of hydration ...
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Amer posts higher sales and margins
Amer Sports reported sales of €461.1 million for the second quarter, representing increases of 23 percent in euros and 9 percent increase in local currencies. The currency-neutral sales increase was driven by double-digit growth in outdoor. Europe was the weakest region. Excluding the acquisition of Louisville Slugger, an American baseball brand ...
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Sales and profits drop in Jarden’s outdoor segment
For the second quarter ended June 30, Jarden Corp. reported sales of $2.01 billion, up from $1.98 billion for the same period in 2014. Organically, sales grew by 7.0 percent or $138 million. The company said its results were in line with its expectations.Jarden's Outdoor Solutions segment, however, saw sales ...
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Columbia posts record sales and raises full-year outlook
Columbia Sportswear reported a sales increase of 17 percent to $380.2 million in the second quarter. On an organic basis, excluding the acquisition of Prana and foreign currency impacts, the turnover went up by 11 percent in the quarter, which is the company's smallest one in terms of revenues, historically ...
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Lafuma‘s sales decline, but net results improve
The Lafuma Group registered a 6.3 percent sales decline in the first half of 2015, down to €80.1 million. The company booked an operating loss of €293,000 for the period against a profit of €1,306,000 in the first six months of 2014, attributing it to the lower turnover, investments in ...
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Accell Group scores double-digit growth in both sales and net profit
Accell Group reported sales of €573.8 million in the first half of the year, up by 13 percent over the same period in 2014. Growth was largely driven by higher sales of electric bicycles, which now represent 34 percent of its turnover, and sports bicycles in the higher segment of ...
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Dorel Sports’ operating profit falls on lower sales
Dorel Industries' sports segment saw revenues decrease by 12.3 percent to $251.1 million in the second quarter. Organic sales declined by around 5 percent. Adjusted operating profit for the segment, excluding restructuring and other costs, dropped by 42.1 percent to $10.7 million. The stronger U.S. dollar against most of the ...
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Shimano grows by 26%, outperforming in cycling
Shimano recorded worldwide sales of 196.6 billion yen (€1,443.4m-$1,582.9m) in the first half of the year, representing an increase of 25.8 percent compared with last year's first half. Growth was helped by, among other things, the continued depreciation of the yen, which made Japanese products more affordable. The company had ...
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Russia and the weather affect Rapala in Q2
The situation in Russia and Ukraine continued to be very difficult for Rapala VMC in the second quarter ended June 30. Based on comparable exchange rates, the Finnish fishing tackle specialist's European sales outside the Nordic countries were off by 5 percent during the period, dragged down especially by lower ...
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Luxottica axes 400 jobs at Foothill Ranch
Luxottica is dismissing 400 employees at Oakley's headquarters at Foothill Ranch, California, as part of its plans to integrate the brand. From Oct. 1, the North American structure of the brand, including information technology, administration, sales and order management will be transferred to Luxottica, mainly to the wholesale unit in ...
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Good quarter for Thule
The Thule Group reported a 78.9 percent jump in net income to 254 million Swedish kronor (€26.8m-$29.4m) for the second quarter ended June 30. Sales increased by 20 percent to SEK 1.70 billion (€179.4m-$197.0m), and they were up by 6.4 percent on a currency-neutral basis. However, the gross margin declined ...
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Moncler posts higher revenues, operating profits and net result
Moncler reported a 35 percent sales increase in the first half of 2015, with sales reaching €295.8 million and positive performances across all its markets. At constant exchange rates, the sales growth was limited to 26 percent. New openings played an important role, together with a strong contribution from stores ...
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Further big gains for Skechers
Once again, Skechers USA surprised financial analysts by announcing a jump of 129.2 percent in net earnings for the second quarter on 36.3 percent higher revenues of $800.5 million. The gross margin was up by 0.9 percentage points to 46.8 percent, while the operating margin shot up to 14.0 percent ...
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The strong dollar affects Deckers
The parent company of Ugg, Teva, Sanuk and other brands reported increased net losses of $47.3 million for its first quarter, ended June 30, as compared to $37.0 million in the same period a year ago. At 40.5 percent, the gross margin was 0.5 percentage points lower than a year ...
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Crocs is not yet out of the woods
Crocs' new focus on fewer products, fewer stores and fewer geographical markets is not expected to bear its best fruits until the first half of 2016. Gregg Ribatt, the company's new chief executive, sees the business continuing to stabilize around the globe, and sales declined by 8 percent in the ...
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China’s Anta makes strong progress
Indicating that the Chinese sports market may be recovering at last, Anta Sports has reported that its sales rose by 24.0 percent to 5,109.8 million yuan renmimbi (€751.4m-$822.7m) in the first half ended on June 30. Footwear sales increased by 19.5 percent to represent 47.0 percent of the total turnover. ...
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EU signs FTA with Vietnam
After lengthy negotiations, the European Union and the government of Vietnam have concluded a preliminary Free Trade Agreement. The Federation of the European Sporting Goods Industry (Fesi), which supported the negotiations throughout the process, welcomed the new development.Vietnam has become one of the major sourcing countries for a variety of ...
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VF posts higher revenues in Outdoor & Action Sports
VF Corp. saw consolidated revenues increase by 4.7 percent in the second quarter, or by 10 percent on a currency-neutral basis, reaching €2,513.9 million. The growth was especially driven by its Outdoor & Action Sports coalition, whose sales jumped by 16 percent on a currency-neutral basis, with double-digit increases for ...
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Targeting outdoor athletics, TNF regionalizes EMEA
The North Face turned up at the OutDoor fair with an adjusted range, launching the Mountain Athletics line into European wholesale accounts and displaying a much narrower and upgraded Summit Series.Already on the market in North America, the Mountain Athletics range provides apparel and footwear for people who train for ...
