Luxottica Group reported net sales fell 1.2 percent to €1.8 billion in the first quarter ended March 31, but were up 4.2 percent in currency-neutral (c-n) terms as unfavorable exchanger ates, North America's harsh weather and weak sales at its
Author: Charlie Lunan
Harsh U.S. Weather, Exchange Rates Dampen Luxottica’s Q1 Results
Luxottica Group reported net sales declined 1.2 percent to €1.84 billion ($2.52 bn) in the first quarter as exchange rates trimmed sales by more than -5 percent, compounding challenges presented by harsh weather in North America that curbed sales of
Jarden Outdoor’s First Quarter Earnings Off Double Digits
Jarden Corporation reported earnings at its Outdoor Solutions segment fell 22.3 percent to $55.3 million in the traditionally slow quarter ended March 31, when sales fell off 1.6 percent. While sales by its snow sports brands (K2, Madshus, Marker, Marmot
Jarden Outdoor Maintains Growth Targets Despite Q1 Declines
Jarden Corporation reported sales dipped at its Outdoor Solutions segment in the quarter ended March 31, in part because poor stocking by one major retailer affected sell through of some of its products…
RSG Acquires Detroit’s Running Fit
The Running Specialty Group (RSG)announced Thursday that it had acquired eight specialty running stores in Greater Detroit, Ann Arbor and Traverse City from co-owners Randy Step and Steve Angerman to become part of the Running Specialty Group (RSG). This
Decathlon Sales Neared $10 Billion Mark in 2013
Oyxlane, the French parent company of Decathlon, reported sales increased 6.1 percent in 2013 to €7.4 billion ($9.8 bn) in 2013 on comparable store sales growth of 1.3 percent…
VF Outdoor Canada to Distribute SmartWool Starting in 2015
SmartWool LLC will begin operating in Canada through parent company VF Corp’s Canadian platform, VF Outdoor Canada in 2015. SmartWool will join The North Face, Vans, Reef and Jansport to take advantage of the logistical, planning and back office sup
Spartan Race Creates Non-Profit to Govern Obstacle Races
Spartan Race, Inc. selected adventure race icon Ian Adamson to lead the International Obstacle Racing Federation (IORF), a new non-profit organization it has created to serve as the international governing body of the sport of obstacle racing. The effort
REI to Relocate Dallas Store in 2015
REI will relocate its Dallas store in 2015 to a new shopping center being developed by Half Price Books, the nation's largest family-owned new and used bookstore chain…
EBay’s Mobile E-Commerce Volume Soared in Q1
EBay Inc. reported that the value of goods sold on its mobile commerce platform increased 70 percent in first quarter ended March 31, 2014 and now represent 19 percent of its e-commerce volume. Total revenue at the company increased 14 percent to $4.3 bil
Garmin Ltd.’s Fitness Sales Surge in First Quarter
Garmin Ltd. reported revenues at its Fitness segment soared as consumers snatched up its newest Forerunner smart watches and the vivofit, the company¡¯s entry into the rapidly growing fitness band market…
SIA Honors Bill Marolt’s Legacy to USSA
SnowSports Industries America (SIA) on Wednesday presented the Snow Sports Recognition Award to Bill Marolt, who is well known throughout the industry for his contributions to the U.S. Ski and Snowboard Association (USSA)…
Outdoor Nation and NPS to Award Grants to 10 College Outdoor Clubs
Outdoor Nation and the National Park Service will invest a total of $40,000 in 10 university campuses across the Northeast in an effort to strengthen the existing network of outdoor clubs and programs on college campuses that get more young people outside
Utah’s First Outdoor Recreation Summit Sells Out
Utah's first Governor’s Annual Outdoor Recreation Summit, which is scheduled to take place at the Salt Palace Convention Center in Salt Lake City next month, has sold out with about 400 people registering for the event…
Amer Sports Occupies New Helsinki Headquarters
Amer Sports Corporation moved its corporate headquarters into a rennovated industrial site in Helsinki, Finland…
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