All Article articles – Page 20
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ArticleNew Swedish Wool Standard paves way for sustainable textile industry
Half of the wool produced in Sweden ends up in waste, while Swedish brands in fashion, outdoor and home textiles are actively seeking sustainable textile materials. In response, The Swedish Wool Initiative is introducing the first Swedish classification system for wool. The new Swedish Wool Standard simplifies the sale and ...
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ArticleApplication phase for Fjällräven Polar starts end of October
Source: Fjällräven In April 2024, Fjällräven Polar will offer 20 people from all over the world the chance to experience a 300 km expedition through the Arctic tundra of Scandinavia. For five days, the adventurers will steer their dog sleds through the vast icy landscapes, immersing themselves ...
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ArticleOCA gathers key stakeholders for organic cotton from Pakistan
The Organic Cotton Accelerator (OCA) hosted a meeting with key stakeholders from Pakistan on Aug. 24, 2023. The multi-stakeholder organization, which brings organic farming together on its platform, called the meeting a milestone on the road to expanding organic cotton production in South Asia. Pakistan is a unique and relatively ...
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ArticleSBTi report: 87% more companies set science-based goals in 2022
The Science Based Targets initiative (SBTi) reported a sharp rise in companies setting science-based targets in 2022, with 87 percent more having their targets validated (1,097), more than the entire previous seven years combined (1,082). In the SBTi Monitoring Report 2022, Japan emerged as a leader, with ...
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ArticleReima and Infinited Fiber turn textile waste into high-quality children’s clothing
Uudesti hoodie Reima, the Finnish activewear brand for children, and Infinited Fiber Company, a Finnish technology and fashion company, have teamed up to explore new possibilities for future children’s clothing. As a result of the collaboration, Reima is launching the world’s first children’s hoodie made from innovative ...
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ArticleFair Wear and GoodWeave collaborate to fight child and forced labor
GoodWeave International, a global, non-profit initiative working to eliminate child labor in the carpet industry, and Fair Wear Foundation, an independent, non-profit organization working to improve conditions for garment factory workers, have joined forces to combat child and forced labor in hidden and informal parts of garment and textile supply ...
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ArticleWorldly appoints UA COO as board member
Worldly (formerly Higg) announced the appointment of two new board members, including Colin Browne, Chief Operating Officer at Under Armour. The other new board member is Scott Stephenson, former Chairman and CEO of Verisk Analytics Inc. Browne has deep understanding of the global apparel and footwear value chain, gained in ...
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ArticleProgram of EOS 2023 almost finalized (Update)
The European Outdoor Group (EOG) has announced additional speakers and content for the European Outdoor Summit in Berlin, Sept. 28-29, 2023 (EOS 2023). Preliminary program of EOS 2023 (as of Aug. 28): Transformative Change: Rosa Sommer, Leaders’ Quest How to unlock innovation within your organization: Karla Morales-Lee and Tara ...
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ArticlePerformance Days expands product range to footwear, more exhibition space
Visitors to the upcoming winter edition of Performance Days in Munich can look forward to some new features. These include a larger exhibition area, expanded from one to two halls, to accommodate the brand-new footwear segment. In addition to the new footwear area, the second hall will also house the ...
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ArticleLycra launches new intellectual property enforcement initiative
The Lycra Company announced an intellectual property enforcement initiative in support of Lycra® FitSense™ technology, which is an aqueous dispersion of the Lycra® brand polymer which can be printed onto fabrics and garments to give a localized power boost, resulting in shaping and compression benefits. It has been successfully adopted ...
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Articlemyclimate to implement new collective management structure
The Zurich-based foundation for climate protection myclimate is introducing a new management structure. As of October, seven members of the current executive team will jointly take over the leadership. They will succeed the current CEO Stephen Neff, who is leaving myclimate at his own request. The myclimate Board of Trustees ...
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ArticleResale specialist Trove secures $30 million Series E funding
Trove, a leading U.S.-based resale and trade-in company for brands and retailers including Canada Goose, Carhartt, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced $30 million in Series E funding, bringing Trove’s total funding since inception to more than $150 million. The funding round was co-led by Wellington Management and ...
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ArticleNew Wave pushes operating profit up despite small sales dip
New Wave Group, which added Swedish outdoor company Tenson AB to its sports & leisure portfolio on July 1, realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 ...
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ArticleOutdoor Industry Climate Action Corps releases 2022 impact report
The U.S. Outdoor Industry Association (OIA) Climate Action Corps has released the latest data from its 2022 Impact Report, which summarizes the group’s goals, methodology, results and findings, as well as an assessment of the overall impact to date. The OIA Climate Action Corps was formed in January 2020 to ...
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ArticleR&M switches to reusable packaging for e-bikes and small parts
German e- and cargo-bike manufacturer Riese & Müller GmbH (R&M) has announced it is soon to be one of the first manufacturers in the bike industry to use reusable packaging for shipping e-bikes and small parts.
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ArticleLeatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
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ArticleMerida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
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ArticleYeti sales outside US rise 18 percent in Q2
Yeti, the Texas-based drinkware and cooler company, generated 18 percent Q2 sales growth in markets outside the U.S. to $56.7 million, as US revenues fell by 7 percent to $345.9 million for the period ended July 1.
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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ArticleDespite positive signs, Bike24 posts further losses due to high future investments
In the second sales quarter of 2023, German e-commerce bicycle retailer Bike24 Holding AG brought in revenues of €62.9 million, down 6.1 percent compared to the same period in 2022. But there are some positives on the horizon, with the measures introduced to increase profitability beginning to show effects.
