Outdoor – Page 16
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ArticleExcept for diving, Johnson Outdoors sees good results in Q1
Johnson Outdoors delivered another strong quarter thanks to robust sales of fishing, camping and watercraft recreational products. The management said the pandemic has resulted in increased consumer interest and participation in the great outdoors, which created a high demand for outdoor products during the last half of the prior fiscal ...
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News briefs
Moody’s upgrades Vista Outdoor once more
A fast-growing ammunition market in the U.S. due to the anxiety caused by the coronavirus pandemic and the trend toward outdoor activities is leading to better financial prospects for Vista Outdoor, which is also the owner of “quieter” international brands like Camelbak, Bell and Giro. As a result, Moody’s is ...
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Article
Sports & outdoor retail rose by 7.2% in the U.K. in 2020
Sports and outdoor retailers survived the Covid-19 pandemic in the U.K. last year. Spending on their products rose by 7.2 percent, according to Barclaycard, which noted in particular the boom in home fitness while gyms were closed. Home improvement items and furniture scored similar increases. In contrast, general clothing contracted ...
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News briefs
Outdoor Research names a “Vice President of People and Culture”
Outdoor Research (OR) has added Brett Kruse to its leadership team with the intriguing new title of ”vice president of people and culture,” where he will lead the company’s human relations initiatives. Most recently, Kruse worked at Starbucks for more than a decade in HR and operations. Prior to that, ...
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ArticleStrong finish to a tough year for Johnson Outdoors, especially in diving
Strong demand for fishing, camping and watercraft recreation products drove significantly higher sales and profits for Johnson Outdoors’ fiscal fourth quarter. The management said that the demand picked up in the second half of the year after a difficult second quarter, at the onset of the pandemic. After lockdowns eased, ...
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News briefs
New leadership structure for Outdoor Research
Outdoor Research (OR), the Seattle-based brand of functional outdoor, tactical and medical apparel, announced a new leadership structure late last month with an industry veteran, Roger Barton, taking the helm of the company. For the past two years, Barton led all aspects of finance and operations at OR, helping the ...
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News briefs
Carla Murphy will lead Adidas Outdoor
In yet another important management change, Adidas has appointed Carla Murphy as general manager of its Adidas Outdoor business unit, starting on Dec. 14. She will assume one of the two roles of Tim Janaway, who has been with the Adidas group for more than 20 years, serving most recently ...
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Article
Vista Outdoor’s shares soar on good results and upbeat guidance
Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, saw its stock rise by 8 percent after posting strong results for the second fiscal quarter ended Sep. 27. It also released a positive outlook for the current quarter. Sales surged by 29 percent to ...
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ArticleMarine, Fitness, Outdoor products drive record Q3 for Garmin
Garmin has reported record third-quarter earnings of $313.4 million, thanks to robust growth in demand for its marine, fitness and outdoor products. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported net sales of $1.11 billion for the 13 weeks to Sept. 26. This compares ...
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News briefsMoody’s switches Vista Outdoor’s outlook from negative to positive
Favorable trends in U.S. outdoor activity and Vista Outdoor’s good competitive position with leading brands in various niches of the market have led Moody’s to change the group’s debt rating from negative to positive, following an improvement in its Ebitda margin. Vista’s brand portfolio includes Camelbak, Bushnell, Camp Chef, Primos, ...
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News briefs
6th Outdoor & Running Business Days in Riva a success
he sixth edition of the Outdoor & Running Business Days in Riva del Garda demonstrated the vitality of these markets in Itay despite the coronavirus pandemic, with over 80 exhibiting brands and more than 200 retailers participating in the event on Sept. 6 and 7. For the brands. The trade ...
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News briefs
Outdoor and athletic shoes run at a similar pace
The global market for rugged outdoor footwear grew at about the same rate as the athletic footwear market in 2019. However, it would have risen by only 4.7 percent without the ongoing strong progress of Hoka One One, driven by its diversification from trail running into road running. Double-digit increases ...
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ArticleExecutive Survey: Sports and outdoor brands are pushing DTC
While experiencing generally lower orders from retailers, primarily because of the coronavirus outbreak, more than two-thirds of sports and outdoor brands responding to our survey intend to further develop their own direct-to-consumer (DTC) operations, relying more on their own websites than on those of third-party e-tailers.
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News briefsJohnson Outdoors’ Diving segment got the hardest hit
Strong Fishing, Watercraft Recreation and Camping sales after the corona-related lockdowns in May and June were not enough to counter the effect of store closures in April. However, the management said that demand has now picked up and the challenge is keeping pace with it, with a focus on ending ...
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News briefs
JD re-acquires Go Outdoors
Just after appointing Deloitte as administrator of Go Outdoors, its struggling British outdoor chain, JD Sports Fashion announced that it has re-acquired the business and substantially all of its assets for £56.5 million (€62.5m-$70.5m) “as partial repayment against its historic indebtedness” in a “pre-pack” administration deal via a newly incorporated ...
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News briefsStore closures weigh on Johnson Outdoors’ sales and profits
Johnson Outdoors’ earnings for its second fiscal quarter, ended on March 27, declined by 7 percent from the year-ago period to $20.4 million. Total revenues were down by 8 percent to $163.1 million, but the gross margin improved by 1.6 percentage points to 46.1 percent, thanks to stronger pricing and ...
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Article
An excellent quarter for Garmin in Outdoor and Fitness
Garmin’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx indoor bike ...
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News briefsEuropean Outdoor Summit postponed
The European Outdoor Group (EOG) has announced the postponement of this year’s European Outdoor Summit (EOS), which was originally planned for Oct. 15-16 in Annecy, France. While the venue will remain the same, the date of the next summit in the autumn of 2021 has not yet been announced. The ...
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News briefsIspo survey to help sports & outdoor retail in times of Covid-19
Ispo has developed a Covid-19-related retail survey, inviting all sports and outdoor retailers to participate, whatever their size and the countries in which they operate. The results and insights will be helpful for the Ispo Group to develop digital alternatives and tools to support the sporting goods business as much ...
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News briefs
Snowleader is Capital magazine’s best outdoor buying experience
Snowleader appears for the third year in a row in Capital magazine’s third annual ranking of France’s 600 best buying experiences online. Scoring 8/10, the French e-tailer came in first in the outdoor category, ahead of Hardloop and Campz. To establish the list, Capital called on the market researching firm ...
