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ArticleNorth Face helps drive Q4 revenue rise, but Vans hit by China lockdowns
VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fourth quarter of 2022, driven by The North Face (TNF), although sales at Vans were flat during the period. Sales were boosted by a 15 percent increase in the EMEA region and 12 percent in ...
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Lowa reports top sales figures for 2021
Source: Lowa Alexander Nicolai, CEO Lowa The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with peak figures for both the number of pairs of shoes sold and revenue, thanks to the ongoing outdoor boom. Sales climbed from 2.49 million pairs in 2020 to ...
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Pelican International acquires GSI Outdoors
Canadian paddlesports supplier Pelican International, Inc. (not to be confused with U.S. specialty case manufacturer Pelican Products Inc.) has acquired a majority stake in Spokane-based GSI Outdoors. The transaction is an important step in Pelican’s growth as it strives to diversify its offerings in the North American and international outdoor ...
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Patrik Frisk to exit Under Armour
Source: Under Armour Patrik Frisk Nearing the completion of a multi-year, $525 to $550 million restructuring, and 10 days after disclosing that short-term challenges will impact its sales, profitability, and margins for much of 2022, Under Armour on May 18 appointed Colin Browne as its interim president ...
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Continued growth for Online Brands Nordic
Despite “complex comparative figures from the first quarter of 2021,” Online Brands Nordic reports that it has started the year strongly and continues to grow. Regarding Russia’s invasion of Ukraine, Online Brands has no customers or suppliers in the affected area, so the war had no impact on the direct ...
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Angling Direct reports 7.2% sales increase
Angling Direct, the British omnichannel fishing tackle and equipment retailer, has posted a revenue increase of 7.2 percent in the full year ended Jan. 31, 2022, with annual revenues reaching £72.5 million (€85.4 million). The company reported a pre-tax profit of £4 million (€4.7 million) as compared to £2.7 million ...
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Giant Group reports another sales record in Q1
For the first quarter of fiscal 2022, Taiwan’s leading bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) reported a new historical quarterly record. E-bikes accounted for 26 percent of group sales. At 22.26 billion Taiwan dollars (€709.67 million), this year’s quarterly sales increased 8 percent compared to the first three ...
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Pål Wibe steps down as chief executive of XXL
Source: XXL ASA Pål Wibe, CEO XXL ASA The board of Nordic sports retailer XXL ASA and Pål Wibe agreed on May 13 that the latter will step down as CEO on Sept. 1 of this year. The Norwegian Sports Industry Association wrote in a statement that ...
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Thule 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 ...
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Seventh consecutive quarterly sales record for Leatt
Leatt Corporation continues to ride on a profitable high. The Q1 2022 results are not only the seventh consecutive quarterly revenue record but also the 16th straight quarter of steady growth. The South African company, listed on the U.S. stock exchange via the over-the-counter (OTC) market, posted total sales of ...
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Bike24 reports solid Q1 sales and earnings in a difficult environment
German online cycling, running and swimming sports retailer Bike24 Holding AG increased its sales in the first quarter of 2022 “in a challenging environment and driven by consistent execution of its European expansion strategy” by a solid 7.3 percent to a total of 61.79 million euros. According ...
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Solo Brands records 19% sales increase in Q1
Solo Brands, the U.S. DTC company owning the Solo Stove, Oru Kayak, Isle paddleboards and Chubbies apparel brands, said its sales increased 19.0 percent to $82.2 million in Q1 2022, ended March 31, compared to $69.1 million in the first quarter of 2021. The increase was driven by the acquisitions ...
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Study: Germans want to continue to invest in outdoor equipment
Three-quarters of Germans want to buy outdoor equipment in the next 12 months. Albeit, the products that are of interest change slightly.
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Yeti sees big growth potential outside U.S.
Yeti’s first-quarter international sales rose 45 percent to $37.4 million from $25.8 million to account for 13 percent of period revenues and Yeti management thinks the segment can grow to more than 20 percent of its overall business over the long term. Despite current geopolitical headwinds in Europe, Yeti is ...
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Clarus' 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 ...
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RevolutionRace sees 50% Q3 sales gain despite supply chain problems
RevolutionRace (RVRC), the Swedish DTC outdoor company, continued to grow rapidly in the third quarter of its financial year, as sales increased by 50 percent to 367.4 million Swedish kronor (€34.6m) despite persistent supply chain problems for some of its products. On a constant currency basis, sales in the three ...
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Emerald’s recovery momentum continues
Trade show organizer Emerald Holding, Inc. reported revenue of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in the first quarter of 2021. The company said it successfully hosted 31 in-person trade shows, conferences and other events with more ...
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Lenzing’s Q1 revenues grow double-digit despite rising costs
Lenzing, the Austrian manufacturer of wood-based specialty fibers, posted revenues of €615 million in the first quarter of 2022, representing a 25.7 percent increase year-on-year, primarily driven by continued high demand for wood-based biodegradable specialty fibers and higher fiber prices. Specialty fibers currently account for 73.3 percent of its fiber ...
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Johnson Outdoors gets lift from camping, but fishing sinks
Johnson Outdoors’ operating income slipped 57.2 percent to $15.4 million from $36.0 million as total revenues fell 8.0 percent to $189.6 million from $206.2 million for the second quarter ended April 1. Gross margin slid to 36.2 percent from 45.2 percent, a decline the company blamed on higher material and ...
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Fox Factory forecasts overheated bike product sales “back to normal” in winter 2022
In its first sales quarter of the current fiscal year 2022, suspension specialist Fox Factory Holding Corp reported a 35.6 percent increase in its earned revenue of $377.98 million compared to the previous year’s first quarter. Net income of $48.05 million also increased by a double-digit 26.5 percent. Fox Factory ...
