All Adventure Travel articles – Page 5
-
ArticleThule Group with new product categories, updates financial targets
At its capital markets day, the Swedish Thule Group has presented plans to enter the two new product categories in 2023: car seats – to be launched in Europe first, expanding worldwide in a second step – and dog transport products, starting with a dog cage. The company was also ...
-
News briefsGregory sales decline slightly in Q1, impacted by Asia and Europe
Samsonite International reported that Gregory Mountain Products sales declined 4 percent to $15.1 million in Q1 2022 from $15.8 million a year earlier, making it the only Samsonite brand to report a decline in the period. Sales in North America increased 5 percent due to the easing of social distancing ...
-
ArticleClarus' outdoor results impacted by supply chain, logistics
Clarus Corp. posted a 7 percent decline in first-quarter net income to $5.3 million from $5.67 million despite a 50 percent increase in revenues to $113.3 million from $75.3 million. Sales benefitted from contributions from acquisitions Rhino-Rack ($24.5m) and Maxtrax ($24.5m). Outdoor segment sales were essentially flat at $51.5 ...
-
News briefsHans Eckerström succeeds Bengt Baron as chairman of Thule Group
At Thule Group’s Annual General Meeting, long-time board member Hans Eckerström was elected to succeed Bengt Baron as chairman of the board. Baron had decided in the fall of 2021 to retire from his role at this year’s AGM after eleven years on the board, the last four of which ...
-
ArticleDometic sees Q1 sales jump 55% as M&A continues
Dometic generated sales of 7,518 million Swedish kronor (€727.0m) in the first quarter of 2022, up by 55 percent on the year earlier, as top-line growth continues to be underpinned by acquisitions. Organic growth at the Swedish specialist in mobile living products stood at 7 percent despite a challenging macroeconomic ...
-
News briefsClarus expands credit facility
To fund its ongoing search for new “Super Fan” brands, Utah-based Clarus Corp expanded its senior secured credit facility to $300 million and entered into a $125 million term loan facility. Including a $175 million accordion feature, the new agreement provides Clarus with a total borrowing capacity of up to ...
-
News briefsIgloo ups its use of recycled materials
Igloo has “set a cumulative goal” to recycle 30 million recovered plastic bottles by 2025. The brand says it set out in 2019 to become, in the words of chief marketing officer Brian Garofalow, “the most environmentally friendly cooler company on Earth.” Since then, it has released a number of ...
-
News briefsEagle Creek redesigns its Pack-It organization system
Eagle Creek has introduced the next generation of its long-seller collection Pack-It, a large range of different gear organization styles that was firstly launched in 1996. For the new Pack-It line, divided into Reveal, Gear and Isolate, the brand is using more fabrics and accessories made from recycled polymers. The ...
-
News briefsEvo hires head of vertical product
Source: Evo Xandy Anderson Evo, the Seattle-based outdoor retail and adventure brand, has hired Xandy Anderson as head of vertical product to lead the Evo private label product lines. Anderson brings more than a dozen years of experience to the role and joins the team from Dakine, ...
-
News briefsAssosport supports the Bike & Wine Press cycle tourism series
Assosport, the Italian sporting goods industry association, is supporting for the second consecutive year Bike & Wine Press, an event series in which the participants are journalists who want to promote cycle tourism across the country. The first Bike & Wine Press event of 2022 will take place in the ...
-
ArticleGregory grew by 16.2% in 2022
Samsonite International reported that Gregory Mountain Products raised its sales by 15.9 percent on a reported basis to $59.4 million in 2021, with a rise of 16.2 percent in constant currencies. North America led the American backpack brand’s growth with a jump of 63 percent. The group’s Travel category, which ...
-
News briefsGlobetrotter to open first store in Trier
On March 31, German retailer Globetrotter will open its first store in Rhineland-Palatinate, Germany. The 1,500-sqm location at Dietrichstraße 50, next to Trier’s main marketplace, will host a full range of products of hiking, trekking, travel and everyday outdoor gear as well as a Fjällräven shop-in-shop. Before, the location was ...
-
ArticleClarus open to buy more “Super Fan” brands after record year
Clarus Corp., whose expanding portfolio now includes seven brands and three operating segments, generated a 99 percent increase in fourth-quarter net income to $14,046,000 from $7,069,000 on 56 percent topline growth to $118,183,000 from $75,947,000 for the period ended Dec. 31. Sales increased by 34 percent in the U.S. to ...
-
ArticleSustainable apparel brand Ecologyst partners with Indigenous Tourism BC
Indigenous Tourism BC (ITBC), a non-profit organization working to expand and promote sustainable, culturally rich Indigenous tourism in British Columbia, Canada, and sustainable apparel brand Ecologyst announced the formation of a partnership aimed at educating consumers about better ways of living, which includes a commitment to Slow Fashion and Slow ...
-
News briefsSwedish travel tech startup raises €2.5 million for campsite marketplace
Stockholm-based company Acamp has received €2.5 million for its travel tech platform, which aims to help campers easily find attractive and unusual campsites. The funding was led by Spintop Ventures, with participation from LRF Ventures and existing investor Centripetal Capital. Acamp was founded in 2020 by Paul Berggren and Öjje ...
-
ArticleThule sees continued sales growth while margins are squeezed by higher costs
The Swedish-based Thule Group saw sales rise by 15.0 percent in the fourth quarter of 2021 to 1,846 million Swedish kronor (€177.5m) as demand for its outdoor products remained strong. However, margins were squeezed by “significant” cost increases compared to the year earlier. On a currency-adjusted basis, sales went up ...
-
News briefs
Dutch camping specialist Obelink wants to become a marketplace
Retailtrends.nl reports that camping outfitter Obelink has just opened its online shop to third-party suppliers from the Netherlands, Belgium and Germany, becoming the first specialized camping and outdoor marketplace. In addition to its web store, the retailer, which was founded in 1960, also operates a megastore with around 72,500 square ...
-
News briefsTravel and leisure show f.re.e in Munich canceled
Messe München, organizer of the travel and leisure show f.re.e, and the organizers of the Munich Auto Days, which are usually held simultaneously, have decided in consultation with the industry to cancel the events scheduled for Feb. 16-20, 2022. Messe München had held on to the event until the end, ...
-
ArticleDometic’s top line boosted by M&A, optimistic about demand outlook
Dometic reported sales in the fourth quarter of 5,542 million Swedish kronor (€532.0m-$593.9m) , an increase of 32 percent on the previous year, as management expressed optimism on the demand outlook in coming quarters but warned about persistent clouds on the supply chain front. Sales growth at the Swedish specialist ...
-
News briefsGathr Outdoors acquires Cascadia Vehicle Tents
Gathr Outdoors, formerly known as MacNeill Pride Group, continues its commitment to the broader outdoor market with another acquisition. The company announced Jan. 24 that it has purchased Oregon-based Cascadia Vehicle Tents (CVT), a family-owned company that has made a name for itself designing vehicle rooftop tents, awnings, off-road trailers ...
