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ArticleSuccessful first half year for Moncler, brand accelerates in Q2
The Moncler Group reported consolidated revenues of €621.8 million for the first half ended June 30, compared to €403.3 million in the first half of 2020. Growth was 57 percent at constant exchange rates and 54 percent at current exchange rates. From April 1, 2021, the group’s financial ...
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Excellent results mark the first half of Shimano’s 100th anniversary year
Further Covid-related temporary plant and port closures on the one hand, and unabated high demand for bicycle products and fishing tackle on the other, gave Japan-based supplier Shimano Inc. a hard time in the first half of 2021. However, unlike in the first half of 2020 (when the supplier ...
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OrthoLite pushes for zero waste in insoles
U.S. insole specialist OrthoLite , a supplier for over 350 footwear brands worldwide, has announced a widespread zero waste initiative to reduce the environmental impact of its products that are used in roughly 500 million pairs of shoes every year. The company’s commitment includes investment in a proprietary manufacturing system ...
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Smartwool strengthens sales and e-commerce
Source: Smartwool Jennifer McLaren, CEO Smartwool The CEO of Denver-based merino specialist Smartwool , Jennifer McLaren , has named two new executives for the brand’s sales and e-commerce departments. Corey Stecker , previously international general manager of sales and marketing, was promoted to global ...
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Earth Overshoot Day is almost back to pre-pandemic date
International research and sustainability organization Global Footprint Network has calculated this year’s date of Earth Overshoot Day being on July 29, which is the status of the years before Covid-19 kicked in and a temporary dip in carbon emissions was visible. Earth Overshoot Day marks ...
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New legislation in the U.S. could help the environment – and boost e-bike sales
U.S. Senators Brian Schatz (Democrats, Hawaii) and Ed Markey (Democrats, Massachusetts) have introduced the Electric Bicycle Incentive Kickstart for the Environment Act in the U.S. Senate, a bill that would prioritize electric bicycles as a zero-emission mode of transportation by making them more affordable and accessible ...
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Provenance.org publishes opensource communication rulebook to avoid greenwashing
London-based software solutions company Project Provenance Ltd. has published an open-source rulebook to curb misleading communication. The Provenance Framework is an encyclopedia for communication on sustainability, developed to help brands communicate sustainability with integrity and avoid greenwashing based on the latest ESG standards. The framework comprises more ...
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Parts shortage slows Accell’s results
A growing market for bike parts and accessories helped Accell Group to raise net sales for the six months to June 30 by 3.3 percent to €699.1 million, despite a drop in sales of finished bicycles due to supply and logistics problems. Order books for electric bikes remained strong, ...
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Fenix’ Q2 sales up, but sluggish German performance weighs on overall result
Fenix Outdoor International said it was still experiencing Covid pandemic-related difficulties in the second quarter with delayed re-openings of the German and Benelux markets affecting the business. The company said the impact was unexpectedly felt more in its Brands operations than the retail division as “a lot of ...
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Velocio partners with Apidura for U.K. repairs
Repairs are essential to keep products in use longer but sending a product to a central repair hub can accrue a significant carbon footprint. To reduce this negative consequence, Velocio , a cycling apparel company based in New Hampshire (U.S.), has partnered with Apidura in the U.K., a company ...
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High demand for bike helmets results in tremendous sales increase for Mips in H1
After a strong start to fiscal 2021, “brain protection” helmet-technology maker Mips AB stepped it up a notch in the second quarter. As a result, the Swedish company posted total sales of SEK 225 million (€22.0m-$25.9m) in the first half of the year, despite challenging supply chain issues. Compared ...
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Pierer Mobility and Maxcom join forces for new e-bike factory
On July 21, Austria’s Pierer Mobility AG and Bulgaria’s largest bicycle manufacturer Maxcom Ltd. announced the establishment of a joint venture in which each party will hold a 50 percent stake. With an investment of €40 million, this joint venture will develop a state-of-the-art e-bike production facility in ...
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OutDoor by ISPO 2021: Less exhibition, more conference
The upcoming OutDoor by ISPO , dubbed the “ Global Summit Edition ” and scheduled for Oct. 5-7, 2021, will focus more on the conference component in combination with the European Outdoor Summit and offer a scaled-down exhibition space with pre-built booths limited to 80 to 100 brands. This ...
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“Stronger than ever“ – ISPO Munich to open up to end consumers and tourism
During a webinar by “ Dein Winter. Dein Sport ”, a German initiative to support winter sports, Jeanette Friedrich , global ISPO Group director, gave a short presentation on the new ISPO Munich concept, which will already be implemented at the next event from Jan. 23-26, 2022. ...
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Thule benefits from growing recreational trends despite lockdowns in Q2
Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) compared to the same period a year ago, when major ...
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Learning from experience: How one startup discovered what’s in a (brand) name
The underlying goal of a brand name is to trigger a reaction. How do you make sure it’s the right one?
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Dometic Q2 sales rebound but supply-chain issues persist
Scandinavian Outdoor Group member Dometic saw second-quarter earnings rebound from the impact of the Covid pandemic despite persistent supply-chain challenges. The Stockholm-based specialist in products for mobile living said reported a 67 percent increase in net sales to SEK 5.6bn (€546m - $642m) against the 2020 period, ...
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DDK Group increases production capacity with new factories in Vietnam
Like all Asian manufacturers, the Taiwanese bike saddle manufacturer DDK Group has been overwhelmed by much higher production demand than expected. Not only is DDK’s factory in Changhua, Taiwan, running at full capacity, but the group’s factories in Nantong, China, and in Thủ Dầu Một, Vietnam, are also overloaded. ...
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New anglers help Rapala reel in strong H1 sales rise
Finnish tackle company Rapala VMC reported a sharp rise in first-half net sales driven by strong demand for fishing gear from new anglers and faster-than-expected implementation of its restructuring strategy. Sales for the six months to June 30 increased 36 percent to €159.6 million as fishing’s popularity as a ...
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USWE expands offering with premium cycling apparel through acquisition of VOID Cycling
On July 16, USWE Sports AB , founded in Skåne, Sweden, in 2007, signed an agreement to acquire VOID Cycling , founded in Gothenburg in 2014, from Tenson BV and Color Group BV . Both USWE and VOID are strong in e-commerce and have each established a global presence. ...
