Thule sales rise despite dip in the Americas - sportstextiles: Lea SportsTextiles

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Thule sales rise despite dip in the Americas

01/11/2016
Swedish outdoor group Thule reported sales of $161 million in the third quarter of 2016, a 1.7% increase on the same period last year. 

This increase came despite a 4% drop in global sales in September and a significant decline in sales in the Americas. 

Thule said the 8.8% drop in sales in the Americas was primarily due to recent retail bankruptcies and cautious orders by bicycle retailers. 

The company has begun the second stage of a major distribution project in the US following the relocation of its distribution centre to the East of the country. It will be fully operational in early 2017.

There was better news in the Europe & ROW (rest of world) region, where sales grew 9% in the quarter, driving sales for the year so far 11% higher than at the same point in 2015.

Related stories:

Thule boosts production capacity with new facility 15/01/2018
Thule registers sales growth in Q1 27/04/2016
Thule’s focus on backpacks pays off 11/11/2015
Thule sells offshoot to concentrate on bags 10/09/2015
Jobs losses at Thule, sales grow 20% 24/07/2015
Renewable energy makes up half Thule’s total 16/03/2015
Thule becomes a bluesign partner 27/02/2015

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