Nike Tech Pack Returns WIth A Lightweight Collection: Tech Hyperfuse

From footwear to apparel, Nike applies Hyperfuse technology to the latest Tech Pack collection.

For summer 2014 the Nike Tech Pack takes up a new fabrication to cope with the varying circumstances of an active lifestyle.

The update offers a range of benefits like lightweight, breathability, and durability to Nike’s most iconic sportswear silhouettes and new styles – the Windrunner, Vest, and Poncho. In its latest installment the Nike Tech Pack presents a new innovation ¬– the Nike Tech Pack: Tech Hyperfuse Collection, an assortment that continues to push the boundaries of classic sport apparel.

Sport and culture meet in fluid step in the Nike Tech Pack Collection. Employing breakthroughs from the proven Hyperfuse technology, this collection simplifies sport design by stripping down the layers of construction and delivering three key benefits; lightweight, breathability, and durability.

Ripstop fabric, Taped and bonded seams, and reverse coil zippers allow technology to amplify the design of the popular Nike silhouettes. The focus is on making products better through subtraction—decreasing weight improves breathability and fit, allowing the wearer to remain cool and comfortable.

The Nike Tech Pack design approach begins by building everything from the inside out. Fused layers of material give dimension to the aesthetic, as well as provide a clean finish.

Taped/bonded ripstop delivers both a lighter and more durable garment. The material is also engineered to allow air to move through it, increasing breathability and ventilation for the warmer months. The craft of the garment pushes colorful, transparent design.

Its packable nature makes lightweight layering easy and convenient—the perfect solution for facing environmental changes during long days on the go. Nike Tech Pack is a new expression of style through Nike innovation.

The Nike Tech Pack: Tech Hyperfuse collection is now available exclusively on Nike.com and will be available at select Nike Sportswear retailers beginning 5.1.

Source Nike

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TomTom ups 2014 outlook after Q1 profit beat, tax gain

Dutch navigation equipment maker TomTom on Tuesday increased its outlook for 2014, boosted by stronger-than-expected results in the first quarter and a one-off tax settlement.

All units, except for its licensing unit which sells maps and traffic data to third party developers, showed an improved revenue in the first quarter.

TomTom said it now expected revenues in 2014 to reach at least 900 million euros ($1.25 billion), up from an earlier guidance of around 900 million.

It also upped its outlook for earnings per share to about 0.25 euros compared with an earlier guidance of 0.20 euros, boosted by a one-off tax settlement of 0.04 euros per share.

The group's shares rose as much as 11 percent on Tuesday, reaching an 11-week high.
Once an investor darling, TomTom's share price has fallen some 90 percent since reaching an all-time high of 56.32 euros, as the market for navigation devices for motorists was eroded by tough competition from smartphone applications.

In response to this trend, TomTom has over the past years entered into agreements with car manufacturers such as Fiat and Renault to provide built-in systems and most recently started selling its own fitness watches.

In the first quarter, TomTom posted a 1 percent rise in its consumer unit, which consists of the detachable devices for motorists as well as the sports watches, after an 11 percent fall for the unit in 2013.

The group's U.S. peer Garmin, which will report its first-quarter results on Wednesday, has also ventured into new business fields such as devices for fitness and trekking.

TomTom's net profit in the first quarter was 7.6 million euros, above the 5.5 million expected in a Reuters poll of three analysts. The group posted a 2.2 million euro loss in the same period last year.
In spite of the forecast-beating results, analysts said the first quarter did not necessarily signal a turnaround in the company's fortunes.

"While TomTom is investing significant amounts in its core assets, it remains to be seen whether this will result in a differentiated offering," Kepler analyst Peter Olofsen wrote in a note to clients. ($1 = 0.7223 Euros)

Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop by Reuters

Larry "Flame" Moore annual Follow the Light Foundation 2014 call for submissions

SAN CLEMENTE, CA- The Follow the Light Foundation (FTLF) is calling all photographers to submit their applications for its annual $5,000 grant in honor of the late Larry “Flame” Moore. The deadline is one month away: entries must be received no later than 12pm May, 27, 2014.

The FTLF was founded after Moore’s passing to ensure that up-and-coming surf photographers continue to get the recognition and support they deserve. Flame — legendary Photo Editor of SURFING Magazine for more than three decades — made it a priority to teach and inspire anyone with a passion for photography.

Continuing the tradition extends Larry’s lifelong commitment to the art, skill and development of surf-imagery. Larry’s pioneering techniques as a lensman revolutionized surf photography both in the water and out. His greatest accomplishment was his dedication to mentoring exceptional rising talents. This grant helps keep that legacy alive.

The application and details can be found on the FTLF website. (folllowthelightfoundation.org) located under “The Grant” link.

Now in its ninth year, the FTLF continues to recognize photographers on the rise and help fuel their vision. During this year’s submission process, photographers will edit their images and cue it to the music of their choice. The “visual presentations” of the Top 5 finalists will then be shown on Tuesday, July 29, 2014 at an awards night held at the Shorebreak Hotel during the VANS US Open of Surfing.

“It’s a very humbling opportunity for Vans that we are able to support Flame’s legacy,” says Doug Palladini, Vans’ VP/GM Americas. “Our brand is dedicated to the pursuit of creative self-expression, and surf photography is an amazing and inspiring example of just that.”

The FTLF Grant supplies a springboard for aspiring photographers to develop careers as prominent contributors to the surf photo world. Past recipients have gone on to become marquee names in the industry, including inaugural winner Chris Burkard and subsequent winners Matt Clark, Todd Glaser, Morgan Maassen, Ray Collins, Duncan Macfarlane, Shawn Parkin and 2013’s winner, Trevor Moran.
Renowned surf photographer Aaron Chang spent years apprenticing under Larry, and now acts as one of the judges and master of ceremonies for the FTLF annual event. He says determining a winner is getting more difficult as the years progress. “Over the years the judging has been increasingly more challenging, because the photographers are beginning to understand that in addition to great photography, the judges are looking for a ‘feeling’ created by the overall presentation.”

By submitting for the FTLF Grant, young photographers earn outstanding exposure to key players in the surf industry and also engage in a competitive community of like-minded peers. Aaron continues, “Just being able to sit and watch what your peers are presenting provides aspiring photographers with a fresh set of goals and inspiration that is very difficult to access otherwise.”

Photographers who wish to submit in pursuit of the Grant should first spend time familiarizing themselves with the rules and entry process, which can be viewed at www.followthelightfoundation.org, located under “The Grant” link.

The FTLF is proud to be working with VANS, SWELL, Hurley, Surfing Magazine and Oakley to provide this year’s grant. For more information, go to followthelightfoundation.org.
About Follow the Light:

On October 10th, 2005, the surfing community lost one of its most influential figures. After a nearly three-year battle with brain cancer Larry “Flame” Moore, the Photo Editor of SURFING Magazine for 30 years, passed. He left behind a legacy of brilliant photography and an army of photographers trained by him. Through his work at SURFING Magazine, Larry literally gave three decades of surfing their “look.” Today, honoring Larry’s request, we have established Follow the Light Foundation (FTLF), an organization that will help finance the dreams of surf photographers, pushing the sport and its lensmen forward.

By press release

Trail running trends

Run and discover!

Trail running is just now one most growing outdoor sports. Some runners discover their own cities, others wilderness trails.

The flat or declining American running shoes market has one winner: trail running shoes.
According to the market intelligence company Leisure Trends, the sales of trail running shoes in specialty shops increased in February 2014 by 16 per cent compared to February 2013.

In January 2014 the growth was 24 per cent. Moreover, Leisure Trends reported two-digit growth numbers also in the end of 2013. And according to American Trail Running Association (ATRA), participants in trail running races has increased more than three-fold since the year 2000.
The message is clear. Trail running is still growing strongly.

When the sport grows, it starts to get new forms and the equipment evolves according to the needs of the runners.

Trail running goes urban

Not all of us live close to the mountains or nearby forest trails. The city folks can adapt trail running techniques and take them to the stairs, pavements and city trails.

A new innovation for urban running is Salomon CITYTRAIL™ Community Run. You can team up with other runners in your city and explore new routes developed by Salomon Guides.

Your personal guide is Salomon CityTrail App, available in iOS and Android.
It´s obvious that for the city you need different kind of shoes than for mountain trails. The Salomon City Trail line offers the cushioning and ride of road shoes with all surface grip and protection for varied terrain.

Hydration is vital  

More and more runners are heading this summer also for new trails and undiscovered routes in mountains or wilderness.

When making long distances in unhabituated area, on thing is essential: hydration. Carrying water is a must. Handheld water bottles and hydration belts are OK solutions, but hydration packs, the extreme lightweight water packs are the best set-up for carrying a lot of water comfortably. The packs are designed to carry also food and extra clothing.

Salomon offers trail runners a wide range of hydration packs. The flagship model is S-Lab Advanced Skin Hydro 12 set. Its form fitting, with new front hydration flasks that shrink as you drink, more versatility for carrying accessories, and lighter than ever.

Read more about Salomon CITYTRAIL™ Community Run: citytrail.salomonrunning.com
Take a look at the joy of trail running: www.youtube.com/user/SalomonTrailRunning
Check all City Trail shoes and hydration packs: www.salomonrunning.com

Source Amer Sports

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Women’s S14 sportswear line from OR melds style-driven fabrications with technical fibers

SEATTLE, Wash. – The line between active and casual is increasingly blurred. Athletic women want technology that works in active apparel, but – for most – that can’t come at the expense of a strong style sensibility.

For Spring 2014, the Outdoor Research women’s technical sportswear line evolves with a series of new collections that make the transition between active and casual endeavors graceful and seamless.

Flyway Collection

– Summertime temperatures require light, airy fabrics and just the right combination of performance and design for easy transitions from trail to tailgate or dinner. Consisting of a tank, dress, zip hoody, long-sleeve and short-sleeve shirt, the women’s Flyway Collection pulls off this delicate balancing act by using a unique space-dyed drirelease cotton fabric that blends a multi-tonal look for visual appeal with the performance of synthetic and the feel of cotton. The result is a performance-oriented collection that works for everything from trail running and hiking to rock climbing or adventure travel, but crosses over readily to any kind of more casual use. The drirelease cotton fabric is 85 percent polyester and 15 percent cotton, which means you get the feel and drape of an exceptionally soft cotton but the wicking and quick-drying benefits of a synthetic fabric. Flattering women’s specific cuts and style lines were developed by the Outdoor Research women’s design team with extensive input from OR’s female athlete ambassadors. The tank and dress feature a unique criss-cross backstrap constructed of two different loops. Tonal color options include adobe, orchid, alpine lake and pewter. $49-$79.

Mystic Collection

– The Mystic Tank, Short-Sleeve Shirt and Long-Sleeve shirt combine graceful but understated style lines with a cotton slub fabric, which offers both a visually interesting textured look and helps manage moisture thanks to its drirelease cotton. The drirelease fabric, which is 85 percent polyester and 15 percent cotton, melds the technical moisture-management properties of synthetics with the drape and feel of soft cotton. The tank features criss-cross design back straps that allow you to adjust coverage on the front, a long silhouette that hits at the hips, and a comfortable internal bra. The shirts feature a crossover V neck with a contrasting gusset. Color options include orchid, alpine lake and pewter. $49-$59.

Andromeda Capri and Pant

– Built for all-day comfort with full-stretch performance, the Andromeda Capri and Pant were built with input from some of the strongest rock-climbing athletes at Outdoor Research – including Beth Rodden – to combine superb athletic function with head-turning style. A cross-over waist band, stitching and panels in exactly the right places, and cotton-spandex fabric provide excellent mobility for reachy moves on the rock or a pre-climbing yoga session. A zippered thigh pocket is oriented in just the right way to be accessible. $60-$65.

About Outdoor Research

Outdoor Research® is Designed by Adventure®. We provide Innovation and Inspiration for the Relentless Adventurer. Based in Seattle – with in-house manufacturing and prototyping capabilities at our company headquarters – Outdoor Research was founded in 1981 after a failed piece of gear on an Alaskan climbing expedition inspired ideas for a better design. Ever since that first product, the X-Gaiter, put Outdoor Research on the map, we have been dedicated to building better outdoor apparel, gloves, hats and an array of other outdoor accessories informed by real-world testing. We develop innovative, functional, bomb-proof products that are beautiful in their simplicity. Design abides by the maxim ‘make it better, not just new or different,’ and our gear is backed by our Infinite Guarantee®. We listen to, value and empower each other and our fellow adventurers – we invite input from our customers, athlete ambassadors and the International Federation of Mountain Guides Associations Test Team. We’re independent, letting us strive to provide the best value to our customers, not shareholders. We are committed to our core sports: alpinism, rock and ice climbing, hiking, backpacking, paddling, trail running, and skiing and snowboarding. We’re growing, as a company and as individuals. And we’re having fun along the way.

By press release

Hurley unveils 2014 Phantom National Team boardshorts

In light of this summer’s global celebration of soccer, Hurley is encouraging national pride in and out of the water with the debut of the Phantom National Team boardshorts, supported by the “Fly The Flag” campaign.

The boardshort colors are aligned with the Brasil, France and U.S. national team kit jerseys, with a “home” and “away” variant for U.S. and Brasil. The kits are supplemented with coordinating tees and hats, allowing for soccer and surf fans alike to express national pride.

Hurley team riders from each region, such as Nat Young and Filipe Toledo, will “Fly The Flag,” and show support for their respective countries in the months leading up to the ASP WCT event in Rio de Janeiro.

“We try to bring innovation and inspiration to every athlete in the world,” said Hurley Creative Director Ryan Hurley. “Connecting the competitive passion for sport and country, through Phantom Innovation, is what this project is all about. I feel very fortunate to be a small part of such an inspirational moment for the world’s best.”

The Phantom Boardshort has set the industry standard with an unprecedented six consecutive SIMA Boardshort of the Year awards.  The innovative, ultra lightweight Phantom short comes in Hurley’s signature Block Party silhouette with a 19” length, scalloped hem and 60-percent stretch Phantom material.

“Both sports require impeccable balance, quick bursts of energy and gifted footwork,” said Hurley VP of Innovation Bruce Moore. “With so many of our surfers playing soccer on the beach, and with both sports having such passionate fans behind them, we had a lot of fun showcasing our most technically advanced boardshorts in National Team colors.”

In line with Hurley’s commitment to innovation and sustainability platforms, all Phantom boardshorts are made from an average 12 recycled plastic water bottles; to-date, more than 50 million plastic water bottles have been repurposed into Hurley boardshorts.

The Phantom National Team boardshorts will be available globally at www.hurley.com and at select retailers on May 1.

Founded in 1999 with roots in Huntington Beach, Hurley is a surf lifestyle brand which designs, markets and distributes industry-leading apparel, footwear and accessories. Fueled by innovation, inclusion and empowerment of youth, Hurley is a wholly owned subsidiary of Nike Inc. with headquarters in Costa Mesa, CA and offices in Tokyo, Sydney, Barcelona and Bali.

By press release

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Footwear - Global Strategic Business Report

DUBLIN, April 16, 2014  --
Research and Markets have announced the addition of the "Footwear - Global Strategic Business Report" report to their offering.
The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, Middle East/Africa, and Latin America. Annual estimates and forecasts are provided for the period 2010 through 2018. Also, a six-year historic analysis is provided for these markets.

This report analyzes the worldwide markets for Footwear in US$ Million and Million Pairs by the following Product Categories/Segments:
  • Athletic Footwear (Aerobic, Baseball, Basketball, Cricket, Cross-Training, Soccer, Running, Tennis, Walking, Hiking, Hockey, Athleisure, & Others)
  • Outdoor/Rugged Footwear
  • Casual Footwear
  • Dress/Formal Footwear
  • Footwear Accessories.
Company profiles are primarily based on public domain information including company URLs. The report profiles 587 companies including leading manufacturers such as:
  • Adidas AG
  • Reebok International
  • ANTA Sports Products Limited
  • Bata Shoe Organization
  • Bata India Ltd.
  • Power Athletics Limited
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks.

For information on site licence pricing please click on Enquire before buying.

Key Topics Covered:

I. Introduction, Methodology & Product Definitions

II. Executive Summary
1. Industry Profile
2. Market Dynamics
3. Trends
4. Athletic Footwear - A Brief Market Scan
5. Product Overview
6. Recent Industry Activity
7. Product Introductions/Innovations
8. Focus On Select Global Players
9. Global Market Perspective

III. Market
1. The United States
2. Canada
3. Japan
4. Europe
5. Asia-Pacific
6. The Middle East/Africa
7. Latin America

IV. Competitive Landscape Total Companies Profiled: 841 (Including Divisions/Subsidiaries - 885)

Region/Country Players
  • The United States 201
  • Canada 13
  • Japan 4
  • Europe 464
  • France 14
  • Germany 35
  • The United Kingdom 68
  • Italy 232
  • Spain 23
  • Rest Of Europe 92
  • Asia-Pacific (Excluding Japan) 159
  • Latin America 29
  • Africa 13
  • Middle-East 1
  • Oceania 1

About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

SOURCE Research and Markets

Columbia Sportswear Ups FY14 Guidance on Strong Q1 Results

Columbia Sportswear Company raised its 2014 outlook after announcing record first quarter net sales, a sharp increase in first quarter profits, surging wholesale demand, a strong launch of its Chinese joint venture and the acquisition of rapidly growing prAna apparel company.

The company reported net sales of $424.1 million, an increase of 22 percent compared with first quarter 2013 net sales of $348.3 million.

First quarter 2014 net income totaled $22.3 million, or $0.63 per diluted share, an increase of 120 percent compared with first quarter 2013 net income of $10.1 million, or $0.29 per diluted share, which included restructuring charges of approximately $2.0 million, after-tax, or $0.06 per diluted share.

In a separate press release issued earlier today, the company announced it has signed a definitive agreement to purchase prAna Living LLC in a cash transaction valued at $190 million, which is subject to customary working capital adjustments. The transaction is expected to close during the second quarter of 2014, subject to customary conditions and regulatory approvals.

“Our outstanding first quarter results reflect robust demand for the Columbia and Sorel brands, especially across U.S. wholesale and direct-to-consumer channels, and the successful launch of our China joint venture,” said Tim Boyle, Columbia’s president and chief executive officer.

“Wholesale demand for our Fall 2014 products has accelerated in many key markets around the world, prompting us to increase our sales and operating income expectations for the full year. Excluding the anticipated financial effects of the prAna acquisition, we now expect 16 to 18 percent sales growth and approximately 25 percent growth in operating income in 2014, driven by renewed growth in our wholesale businesses and continued expansion of our global direct-to-consumer business, coupled with incremental contributions from our China joint venture.

Columbia finished the quarter with cash and investments totaling a record $568 million, and inventories that were 11 percent lower than at the same time last year. The strong balance sheet is enabling the company to invest with confidence in its existing brands, product innovation, and our global operations to fuel sustainable, profitable growth, Boyl said.

First quarter results

Consolidated net sales increased 22 percent to $424.1 million compared with net sales of $348.3 million for the same period in 2013. Changes in currency exchange rates had a 1 percentage point negative effect on the net sales comparison.

First quarter U.S. net sales increased $40.7 million, or 20 percent. Net sales in Canada increased $3.1 million, or 13 percent, including an 11 percentage point negative effect from changes in currency exchange rates. Latin America/Asia Pacific (LAAP) region net sales increased $33.7 million, or 41 percent, including incremental sales from the company’s new China joint venture and a 5 percentage point negative effect from changes in currency exchange rates. These increases were partially offset by a $1.7 million, or 4 percent, decrease in Europe/Middle East/Africa (EMEA) region net sales, including a 2 percentage point benefit from changes in foreign currency exchange rates. (See “Geographical Net Sales” table below.)

Apparel, Accessories & Equipment net sales increased $59.4 million, or 20 percent, to $353.7 million, and Footwear net sales increased $16.4 million, or 30 percent, to $70.4 million. (See “Categorical Net Sales” table below.)

Columbia brand net sales increased $74.9 million, or 25 percent, to $376.0 million. Sorel brand net sales increased $0.5 million, or 4 percent, to $12.9 million. Mountain Hardwear net sales increased $0.3 million, or 1 percent, to $32.4 million. (See “Brand Net Sales” table below.)

First quarter net income totaled $22.3 million, or $0.63 per diluted share. Net income for the same period in 2013 totaled $10.1 million, or $0.29 per diluted share, including restructuring charges of approximately $2.0 million, after-tax, or $0.06 per diluted share. The effective income tax rate in the first quarter of 2014 was 32.6 percent, compared with 17.4 percent in the first quarter of 2013, reflecting differences in the geographic mix of income and a benefit in the first quarter of 2013 from the reinstatement of the U.S. R&D tax credit.

Balance sheet

The company generated $43.5 million in operating cash flow during the quarter ended March 31, 2014 and ended the quarter with a record $567.6 million in cash and short-term investments, compared with $374.6 million at March 31, 2013.

Consolidated inventories of $290.2 million at March 31, 2014 were 11 percent lower than the $325.2 million balance at March 31, 2013. Excluding approximately $19.9 million of incremental inventory in the company’s China joint venture that commenced January 1, 2014, consolidated inventories at March 31, 2014 were approximately 17 percent lower compared to March 31, 2013.

“Our strong financial position enabled us to approach prAna – a rapidly growing lifestyle apparel brand – to join our portfolio of authentic, active outdoor brands," Boyle noted. "PrAna fits Columbia’s strategic priorities to expand into categories that appeal to complementary consumer segments, reduce our dependence on cold-weather products, and leverage Columbia’s global operational platforms to expand across key geographic markets. We look forward to completing the transaction and teaming with prAna to unlock the brand’s global potential."

“I’m also pleased to report that our U.S. ERP implementation took place on schedule in early April. We are very proud of the exceptional efforts of our global business transformation teams and are currently receiving and shipping inventory, invoicing customers, collecting receivables and paying vendors at volumes typical for this time of year.”

2014 Guidance updated

Excluding anticipated effects of the pending prAna acquisition, the company currently
expects 2014 net sales growth of 16 to 18 percent compared to 2013 net sales of $1.68 billion, with slightly more than half of that growth anticipated to come from incremental sales by the new China joint venture and the remainder from the company’s global direct-to-consumer and wholesale businesses.
Also excluding effects of the pending prAna acquisition, the company expects fiscal year 2014 gross margins to improve by approximately 50 basis points, and to generate approximately 50 basis points of operating expense leverage. Based on those assumptions, the company expects operating income to increase approximately 25 percent, resulting in 2014 operating margin of approximately 8.25 percent of net sales.

PrAna forecast

Assuming the transaction closes in the second quarter of 2014, Columbia expects to recognize incremental prAna net sales of approximately $55 million over the remainder of 2014, which is expected to contribute low double-digit operating margin to Columbia’s consolidated 2014 results, excluding the effect of one-time transaction fees, purchase accounting adjustments, and other integration costs. One-time transaction fees are expected to total approximately $4 million in 2014.

In addition, under GAAP purchase accounting methods, amortization of certain acquired assets and other integration costs are expected to total approximately $9 million in 2014. In 2015, Columbia expects prAna’s annual sales to increase at a double-digit rate over 2014 and operating margin to be in the low-teens, excluding purchase accounting amortization and other integration costs of approximately $5 million, resulting in accretion to Columbia’s consolidated earnings in 2015.
The transaction is subject to customary conditions and applicable regulatory approvals.
(In millions, except percentage changes)

Three Months Ended March 31,



% Change

Geographical Net Sales:

United States
$ 241.2
$ 200.5
20 %
Latin America & Asia Pacific


41 %
Europe, Middle East, & Africa


(4 )%


13 %
$ 424.1
$ 348.3
22 %

Categorical Net Sales:

Apparel, Accessories and Equipment
$ 353.7
$ 294.3
20 %


30 %
$ 424.1
$ 348.3
22 %

Brand Net Sales:

$ 376.0
$ 301.1
25 %
Mountain Hardwear


1 %


4 %


4 %
$ 424.1
$ 348.3
22 %

By press release

Amer Sports Corporation Interim Report January-March 2014

April 24, 2014 / Amer Sports Corporation / STOCK EXCHANGE RELEASE

  • Net sales EUR 501.5 million (493.0). Solid, broad-based growth of 6% in local currencies, despite challenging trading conditions in Russia and bad weather conditions in main markets.  
  • Gross margin 44.3% (44.2%).
  • EBIT EUR 20.6 million (26.4), heavily impacted by currencies.
  • Earnings per share EUR 0.07 (0.13).
  • Net cash flow after investing activities EUR 44.2 million (67.9).
  • Gearing 58% (March 31, 2013: 56%).
  • Outlook for 2014 unchanged.
Amer Sports expects global trading conditions to remain challenging, with some regional improvements. In 2014, Amer Sports' net sales growth in local currencies is expected to meet at minimum the company's long-term annual 5% growth target, and EBIT excluding non-recurring items is expected to improve from 2013. The company will continue to focus on softgoods growth, consumer-driven product and marketing innovation, commercial expansion and operational excellence.

EUR million 1-3/2014 1-3/2013 2013
Net sales 501.5 493.0 2,136.5
Gross profit 222.3 217.7 932.2
   Gross profit % 44.3 44.2 43.6
EBIT excluding non-recurring items 20.6 26.4 154.9
EBIT % excluding non-recurring items 4.1 5.4 7.3
Non-recurring items*) - - -
EBIT total 20.6 26.4 154.9
EBIT % 4.1 5.4 7.3
Financing income and expenses -9.2 -6.7 -28.6
Earnings before taxes 11.4 19.7 126.3
Net result 8.2 14.8 90.3
Earnings per share, EUR 0.07 0.13 0.77
Net cash flow after investing activities 44.2 67.9 42.5
Equity ratio, % at period end 40.5 40.5 37.5
Gearing, % at period end 58 56 57
Personnel at period end 7,370 7,236 7,330
Average rates used, EUR/USD 1.37 1.32 1.33 

*) Non-recurring items are exceptional transactions that are not related to normal business operations. The most common non-recurring items are capital gains, exceptional write-downs, provisions for planned restructuring and penalties. Non-recurring items are normally specified individually if they have a material impact on EBIT.

We delivered a good start for the year with a solid 6% growth and slightly improved gross margin, driven by broad-based double-digit growth in several of our strategic growth areas. During the quarter we also faced quite some challenges, including a mild winter which impacted adversely especially cross-country skiing, however the Winter Sports Equipment business showed remarkable resilience and even good growth in parts of the portfolio. 

In tennis we declined as intended, largely due to cleaning up some unprofitable sales with the objective to ignite more profitable growth in Wilson. In Russia, we faced challenges due to declining consumer demand and devaluation of the currency which caused a decline in our EBIT. 

The trading conditions have been more unfavorable than expected; nevertheless I'm pleased with the progress in our own actions. Our long-term strategies are working and we continue to execute with appropriate agility, looking forward to another year of growth and improvement.

For further information, please contact:
Heikki Takala, President and CEO
Tel. +358 9 7257 8210, as of April 28 +358 20 712 2510
Jussi Siitonen, CFO
Tel. +358 9 7257 8212, as of April 28 +358 20 712 2511
Päivi Antola, Director, Corporate Communications and IR
Tel. +358 9 7257 8233, as of April 28 +358 20 712 2537
New address as of April 28, 2014: Aleksis Kiven katu 17 A, P.O. Box 1000, FI-00511 Helsinki

An English-language conference call for investors and analysts will be held today at 3:00 pm Finnish time. To participate in the call, please dial +44 (0)20 3427 1920 (UK/international dial-in number) and the access code 7636738. The conference call can also be followed at www.amersports.com. A recorded version and a transcript will be available later at the same web address. The replay number of the call is +44 (0)20 3427 0598, and the access code 7636738#.

Amer Sports will publish its Q2/2014 results bulletin on Thursday, July 24, 2014 at approximately 1:00 pm Finnish time.

Main media

Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Mavic, Suunto and Precor. The company's technically-advanced sports equipment, footwear and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the NASDAQ OMX Helsinki stock exchange (AMEAS).

Strategic investor group led by CEO Bernard Mariette purchases majority stake in Coalision Inc.

Lole is now poised to leverage last 3 year 130 % growth into international expansion

MONTREAL, April 23, 2014 -- A group of strategic and financial investors led by Bernard Mariette, CEO & President of Coalision Inc., have purchased a  majority interest in Coalision from Kilmer Capital Partners. This investment will enable Coalision's growing activewear brand Lole to expand its retail and Web business internationally as well as its global wholesale business.

The investor group includes strategic and financial partners that offer significant opportunities for Lole through their extensive network, consumer branded products experience, vast retail and distribution knowledge as well as their financial and international strength.  

The strategic and financial partner group includes Pelican LP, Simon Equity Partners, a group comprising Andre Desmarais, certain members of the Hermes family and the Fonds de solidarite FTQ.

"This strategic and financial transaction represents a turning point for Lole as it confers upon us the network, the expertise and the financial strength to compete worldwide with major players in the industry. We believe that this transaction will enable us to achieve our strategic plan," says Bernard Mariette

He added, "We are particularly pleased that the founders of the company, Eric D'Anjou and Evelyn Trempe, as well as Kilmer Capital Partners, who acquired a majority stake in 2008, will retain a significant minority interest. We feel that our company is well rooted and will only grow stronger in the future."

"Since 2009, when Bernard became CEO and initially invested in Coalision, he and his team have been transforming the Company and Lole at all levels, from the product offering to the marketing strategy to the distribution channels. In fact, over the past 3 years, the team has profitably grown revenues by over 130%. Under his leadership and with our new partners, we are convinced that Coalision and Lole will continue their success story. We are delighted to remain a minority shareholder and to be part of the future of Coalision," says Marie-Claude Boisvert, Managing Partner at Kilmer Capital Partners.

Bernard Mariette concluded by saying that "I want to take this opportunity to thank our customers, our business partners and our team for their hard work and on-going support. We are ready and eager to capitalize on Lole and Coalision's multiple opportunities."

About Lole

Lole designs innovative, feminine and functional activewear inspired by active, engaged women around the world. This Canadian brand views well-being as a lifestyle inspired by a healthy blend of urban living, the great outdoors and physical activity. Lole activewear is entirely designed in Montreal and is available in over 1,700 sales outlets worldwide, in Lole Ateliers and at www.lolewomen.com  

About Pelican Investment Funds

Bernard Mariette founded Pelican Investment Funds LP in 2011 alongside two partners, Benat Errandonea and certain members of the Hermes family. The fund is specialized in lifestyle brands with a focus on the sports and apparel industry. It is comprised of about 30 shareholders including senior management of Coalision.

About Simon Equity Partners

Simon Equity Partners is the private investment arm of the Simon family, founders of Simon Property Group, the largest publicly traded real estate company in the United States. Simon Equity Partners leverages its years of retail experience and collective consumer insights to provide guidance and resources to early and expansion-stage companies.

About Kilmer Capital Partners

Kilmer Capital Partners is a $200 million fund specializing making private equity investments in small to mid-sized businesses undergoing periods of rapid growth, significant change or ownership transition.

About the Fonds de solidarite FTQ

Created in 1983, the Fonds de solidarite FTQ is a $9.7 billion development capital fund based in Quebec and has become a hub of knowledge and resources for Quebec businesses and a key player in the local economy.


Goal Zero Names Former REI SVP Lee Fromson as President and Chief Operating Officer

SALT LAKE CITY (April 28, 2014)Goal Zero, innovator of portable solar power systems, announced the appointment of former REI Senior Vice President of Merchandising Lee Fromson to president and chief operating officer.

In addition, the company announced strategic changes to its executive team, with current president and CEO Joe Atkin assuming the role of co-chairman of the board, and Founder and Chief Creative Officer Robert Workman becoming CEO. The personnel changes will enable Goal Zero to continue on its rapid growth path.

“Goal Zero represents a very compelling leadership opportunity, and I am thrilled to be able to serve the company in this new capacity,” said Fromson. “The global opportunity for Goal Zero is vast, and I look forward to driving innovation and guiding the company into its next phase of accelerated growth.”

As the senior vice president of merchandising for REI, Fromson helped double the nation’s leading outdoor retailer’s revenue to $2 billion. In this senior leadership position, he oversaw the company’s merchandising strategy, financial planning, inventory management strategies and vendor partnership development. At REI, Fromson previously held successful roles as interim chief financial officer and vice president of REI Private Brands, a division that accounts for a significant portion of the company’s sales.

Prior to joining REI in 2006, Fromson was president of Cascade Designs, a designer and manufacturer of premier outdoor, recreational and medical rehabilitation products. With ubiquitous brands such as Therm-a-rest™, Mountain Safety Research (MSR), Seal Line and Varilite, he spearheaded acquisitions and product diversification for the company. At Cascade, Fromson also served as chief operating officer and chief financial officer after being hired as the company’s controller in 1982.

“Lee is a proven leader and the perfect candidate to help us execute our vision to put power in the hands of every human being,” said Workman, who served as CEO prior to Atkin’s appointment.

“Chris’ experience building premium brands, profitable retail partnerships and consistent growth make him a valuable addition to the Goal Zero senior management team. Joe’s extraordinary passion, vision and leadership catapulted Goal Zero to this next level of organizational growth, and we thank him for his contributions.”

Atkin presided over a period of tremendous growth for the company, including a revenue increase of 16,000 percent since 2009 and a more than doubling of employees in two years. Additional highlights from Atkin’s time include Goal Zero:

“Being part of the Goal Zero team has been one of the most rewarding experiences in my life,” Atkin said. “I am extremely proud of the progress we made in advancing our mission to empower people and improve lives through our products. We have exceeded all of our original expectations for the business and I believe we’ve just begun. I am confident that Lee, Robert and Chris will continue Goal Zero’s aggressive growth trajectory, and I look forward to supporting them in my new role.”

About Goal Zero

Goal Zero is the industry leader for renewable and reliable solar power. Born out of the desire to empower people everywhere, Goal Zero’s products are designed to give you the freedom to go anywhere, regardless of battery life. From cellphones to refrigerators, and everything in between, Goal Zero products keep you connected and powered up in any situation. Power. Anything. Anywhere.

For more information, visit goalzero.com.

By press release

PrAna Creates Eco-Friendly Styles

PrAna Creates Eco-Friendly Styles By Working With Globally Recognized Sustainability Experts.

CARLSBAD, CA (April 22, 2014) — Since 2012, PrAna has partnered with Bluesign® to offer a collection that looks good and feels good, thanks to a holistic approach to manufacturing that includes protections for the environment and the health of workers who come into contact with chemicals and dyes.

“We’re proud of our commitment to work with internationally respected agencies like Bluesign® to build a healthier, cleaner, more sustainable supply chain — not just for us, but across the textile industry,” said Scott Kerslake, CEO of prAna. “On Earth Day and every day, we try to be the change we want to see in the world, showing that apparel companies can absolutely make good stuff in a good way with the help of organizations like Bluesign®.”

The Bluesign® System is the highest standard in the textile industry for environmental health & safety and chemical management. It takes into account air and water emissions, as well as occupational health and resource productivity when crafting its guidelines. Since becoming a Bluesign® System partner, prAna has required its entire supply chain to follow the Bluesign® System substance list. It has reduced its packaging by eliminating plastics, while also switching to more sustainable materials. And it is committed to increasing its use of Bluesign® approved fabrics and trims.

“From day one, prAna has been about creating something sustainable and mindful that goes easy on the earth — it’s one of our core values,” said prAna’s founder, Beaver Theodosakis. “We’re proud to uphold the Bluesign® standards, and grateful for its role in helping us find like-minded partners throughout our supply chain. For us, it’s the gold standard.”

“A Bluesign® badge next to our clothes and accessories means that from start to finish, they have met the highest standards for chemical management,” said Nicole Bassett, prAna’s Director of Sustainability. “You don’t need to worry about harmful chemicals being discharged, because they were never used in the manufacturing process to begin with — it’s clothing that’s clean, sustainable and does no harm to the people who made it, or the planet.”

Visit prAna.com to see the Bluesign® Collection, and to learn more about prAna's commitment tosustainability.

About prAna

PrAna is a lifestyle brand that draws its name from the ancient Sanskrit word for breath, life and vitality of the spirit. Born from climbing and yoga, the prAna team creates mindfully-designed, purposeful and stylish apparel for free spirited people to pursue their passions on the water, mat, rock, trail, and street. From its beginning in 1993, prAna has been committed to weaving sustainable practices into its operations and supply chain, working to reduce its impact on soils, water supplies and other natural resources while promoting conservation. PrAna is also conscious of its impact on communities and has worked to include a growing number of fair trade styles every year. It is the first apparel company in North America to offer Fair Trade USA certified products and accessories. PrAna is sold in five flagship stores, online at prana.com, and in 1,400 specialty retailers across the US, Canada, Europe and Asia.

For a list of prAna retailers, please visit http://www.prana.com/dealer-locator.html.
Find their #EarthDay Collection at http://bit.ly/prAnaEarthDayCollection2014

By press release

Crowdfunding : Utah Company to Revolutionize Open-Water Swimming; Seeks Production Funding for IOLITE

EAGLE MOUNTAIN, Utah, April 29, 2014-- A Utah company is on the brink of revolutionizing the world of open-water swimming with the development of IOLITE, a small, high-precision tracking device that visually guides swimmers to stay on course.

"IOLITE will help you own the course," IOLITE co-founder Raymond Rogers said. "It literally lights the way to the finish line."

IOLITE is a square GPS unit—about the size of a watch face—that fits easily under a swim cap. A small display affixes to the swimmer's goggles and uses green, yellow and red LED lights to keep them on course. In addition to tracking direction, IOLITE also assists swimmers with information on distance, speed and cadence.

"The shortest distance between two points is a straight line, right? It's beginner geometry," said Stephen Holm, co-founder of IOLITE. "But even advanced swimmers struggle to put that rule into practice as they waste precious time and energy zigzagging across open waters."

As software developers by trade, Holm and Rogers help large companies utilize real-time data—which is why they quickly realized the need for more data when they entered the world of competitive triathlons and found swimming to be the hardest component.

"When you swim indoors you have a pace clock on the wall and a lane line on the bottom of the pool," Rogers said. "When you head outdoors, all those advantages disappear…until now. IOLITE truly is a game changer."

In order to test their prototype and polish off the software, IOLITE is raising funds through the crowdfunding site Kickstarter.com. The goal is to get the device into full production so that swimmers of all skill levels can replace fear with confidence.

"We want you to be a part of this project," Holm said. "We need your help to bring this groundbreaking product to life."

About IOLITE's Kickstarter.com Campaign:

The Kickstarter.com fundraising campaign started April 28 and run for 30 days. Those who pledge to support the innovative device will be offered numerous rewards, ranging from a swim cap all the way up to an early-bird IOLITE from the first manufacturing run. 

Read more news from IOLITE.
Media Contact:
Ladd Egan
Sorenson Advertising


Under Armour Reports First Quarter Net Revenues Growth Of 36%; Raises Full Year 2014 Outlook

- First Quarter Net Revenues Increased 36% to $642 Million
- First Quarter Diluted EPS Increased 71% to $0.06, Adjusted for the Company's Two-for-One Stock Split
- Company Raises 2014 Net Revenues Outlook to a Range of $2.88 Billion to $2.91 Billion (+24% to +25%)
- Company Raises 2014 Operating Income Outlook to a Range of $331 Million to $334 Million (+25% to +26%)

BALTIMORE, April 24, 2014-- Under Armour, Inc. (NYSE: UA) today announced financial results for the first quarter ended March 31, 2014.  Net revenues increased 36% in the first quarter of 2014 to $642 million compared with net revenues of $472 million in the prior year's period.  

Net income increased 73% in the first quarter of 2014 to $14 million compared with $8 million in the prior year's period.  Diluted earnings per share for the first quarter of 2014 were $0.06 per share on weighted average common shares outstanding of 217 million compared with $0.04 per share on weighted average common shares outstanding of 214 million in the prior year's period.  

Diluted earnings per share calculations for both periods reflect the Company's two-for-one stock split effective April 14, 2014.

First quarter apparel net revenues increased 33% to $459 million compared with $346 million in the same period of the prior year, including expanded offerings in categories such as golf, hunting, training, studio, and basketball.  First quarter footwear net revenues increased 41% to $114 million from $81 million in the prior year's period, led by new introductions in running including SpeedForm Apollo.  First quarter accessories net revenues increased 43% to $52 million from $36 million in the prior year's period, primarily driven by headwear.  

 Direct-to-Consumer net revenues, which represented 26% of total net revenues for the first quarter, grew 33% year-over-year.  International net revenues, which represented 9% of total net revenues for the first quarter, grew 79% year-over-year. 

Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "We are off to a great start in 2014 driven by broad-based strength across our Apparel, Footwear, and International growth drivers.  Our formula for driving newness and innovation in Apparel continues to resonate with consumers and helped deliver over 30% growth for our largest product category.  

That same model is contributing to success in Footwear, where we accelerated growth in running and brought award-winning product to the marketplace with the SpeedForm Apollo.  Finally, we enhanced our ability to reach the global athlete, including the recent expansion of our brand in key Latin American markets, as well as strong gains across Europe and Asia."

Gross margin for the first quarter of 2014 was 46.9% compared with 45.9% in the prior year's quarter, primarily driven by supply chain enhancements and a favorable sales mix in the Factory House outlet business.  Selling, general and administrative expenses as a percentage of net revenues were 42.7% in the first quarter of 2014 compared with 43.1% in the prior year's period.  First quarter operating income increased to $27 million compared with $13 million in the prior year's period.  

Balance Sheet Highlights

Cash and cash equivalents decreased 30% to $180 million at March 31, 2014 compared with $256 million at March 31, 2013.  Inventory at March 31, 2014 increased 46% to $472 million compared with $324 million at March 31, 2013.  The Company had $100 million in debt outstanding under its $300 million revolving credit facility at March 31, 2014. In support of the Company's Connected Fitness platform, the $150 million purchase of MapMyFitness in December was funded using $50 million in cash and $100 million under the revolving credit facility.  Long-term debt, including current maturities, decreased to $52 million at March 31, 2014 from $60 million at March 31, 2013.

Updated 2014 Outlook

Based on current visibility, the Company expects 2014 net revenues in the range of $2.88 billion to $2.91 billion, representing growth of 24% to 25% over 2013, and 2014 operating income in the range of $331 million to $334 million, representing growth of 25% to 26% over 2013.  

Mr. Plank concluded, "This strong start to 2014 illustrates the unlimited potential that still lies ahead for our Brand, whether it is today's opening of our Brand House in New York City or our product hitting shelves for the first time in Brasil.  Our opportunity requires that we remain focused on building powerful product platforms that service athletes at home and abroad, on and off the playing field.  

In the quarters ahead, we will continue to build upon some of our most recent platform launches like SpeedForm and ColdGear Infrared, while also delivering the overall product innovation and performance that athletes have come to expect from our Brand.  

Through the lens of our global Brand Holidays and leveraging our diverse array of sports marketing and Connected Fitness assets, we are well positioned to tell these stories in new and powerful ways."     

Conference Call and Webcast

The Company will provide additional commentary regarding its first quarter results as well as its updated 2014 outlook during its earnings conference call today, April 24, at 8:30 a.m. ET.  The call will be webcast live at http://investor.underarmour.com/events.cfm and will be archived and available for replay approximately three hours after the live event.  Additional supporting materials related to the call will also be available at http://investor.underarmour.com. The Company's financial results are also available online at http://investor.underarmour.com/results.cfm.

About Under Armour, Inc.

Under Armour (NYSE: UA), the originator of performance footwear, apparel and accessories, revolutionized how athletes across the world dress. Designed to make all athletes better, the brand's innovative products are sold worldwide to athletes at all levels. Under Armour's wholly owned subsidiary, MapMyFitness, powers one of the world's largest Connected Fitness communities. The Under Armour global headquarters is in Baltimore, Maryland

For further information, please visit the Company's website at www.uabiz.com.

Forward Looking Statements

Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, such as statements regarding our future financial condition or results of operations, our prospects and strategies for future growth, the development and introduction of new products, and the implementation of our marketing and branding strategies. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "outlook,"  "potential" or the negative of these terms or other comparable terminology.  The forward-looking statements contained in this press release reflect our current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including, but not limited to: changes in general economic or market conditions that could affect consumer spending and the financial health of our retail customers; our ability to effectively manage our growth and a more complex global business; our ability to effectively develop and launch new, innovative and updated products; our ability to accurately forecast consumer demand for our products and manage our inventory in response to changing demands; increased competition causing us to lose market share or reduce the prices of our products or to increase significantly our marketing efforts; fluctuations in the costs of our products; loss of key suppliers or manufacturers or failure of our suppliers or manufacturers to produce or deliver our products in a timely or cost-effective manner; our ability to further expand our business globally and to drive brand awareness and consumer acceptance of our products in other countries; our ability to accurately anticipate and respond to seasonal or quarterly fluctuations in our operating results; our ability to effectively market and maintain a positive brand image; our ability to comply with trade and other regulations; the availability, integration and effective operation of management information systems and other technology; our ability to effectively integrate new businesses and investments into our company; our potential exposure to litigation and other proceedings; and our ability to attract and retain the services of our senior management and key employees. The forward-looking statements contained in this press release reflect our views and assumptions only as of the date of this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
(Tables Follow)

Under Armour, Inc.
For the Quarter Ended March 31, 2014 and 2013
(Unaudited; in thousands, except per share amounts)


Quarter Ended
March 31,


% of Net


% of Net
Net revenues




Cost of goods sold




Gross profit




Selling, general and administrative expenses




Income from operations




Interest expense, net




Other income (expense), net




Income before income taxes




Provision for income taxes




Net income




Net income available per common share







Weighted average common shares outstanding








Quarter Ended
March 31,



% Change









Total net sales



Licensing and other revenues



Total net revenues





Quarter Ended
March 31,



% Change
North America



Other foreign countries and businesses



Total net revenues




Under Armour, Inc.
As of March 31, 2014, December 31, 2013 and March 31, 2013
(Unaudited; in thousands)


As of

As of

As of

Cash and cash equivalents




Accounts receivable, net








Prepaid expenses and other current assets




Deferred income taxes




Total current assets




Property and equipment, net







Intangible assets, net




Deferred income taxes




Other long term assets




Total assets




Liabilities and Stockholders' Equity

Revolving credit facility




Accounts payable




Accrued expenses




Current maturities of long term debt




Other current liabilities




Total current liabilities




Long term debt, net of current maturities




Other long term liabilities




Total liabilities




Total stockholders' equity




Total liabilities and stockholders' equity




Under Armour, Inc.

For the Quarter Ended March 31, 2014 and 2013

(Unaudited; in thousands)


Quarter Ended
March 31,


Cash flows from operating activities

Net income



Adjustments to reconcile net income to net cash used in operating activities

Depreciation and amortization



Unrealized foreign currency exchange rate losses



Loss on disposal of property and equipment



Stock-based compensation



Deferred income taxes



Changes in reserves and allowances



Changes in operating assets and liabilities, net of effects of acquisitions:

Accounts receivable






Prepaid expenses and other assets



Accounts payable



Accrued expenses and other liabilities



Income taxes payable and receivable



Net cash used in operating activities



Cash flows from investing activities

Purchases of property and equipment



Purchase of business


Purchases of other assets


Net cash used in investing activities



Cash flows from financing activities

Payments on long term debt



Excess tax benefits from stock-based compensation arrangements



Proceeds from exercise of stock options and other stock issuances



Net cash provided by financing activities



Effect of exchange rate changes on cash and cash equivalents



Net decrease in cash and cash equivalents



Cash and cash equivalents

Beginning of period



End of period



Non-cash investing and financing activities

Decrease in accrual for property and equipment



SOURCE Under Armour, Inc.