All Canoe & kayak articles – Page 3
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News briefsHummel and British Canoeing ink multiyear deal
Hummel has agreed a five-year deal with British Canoeing, a national governing body for canoeing in the UK. The agreement, which builds on three years of collaboration, will see Hummel remain the official teamwear partner to all forms of paddlesport. Hummer will supply technical and sportswear garments to all of ...
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ArticleSOG gains importance after the pandemic: “What we do generates interest”
Source: SOG David Nordblad In the wake of the pandemic, David Nordblad started in the role of Secretary General for the Scandinavian Outdoor Group (SOG). Since then, he has been occupied with various responsibilities, and he notes a sustained interest in joining the organization. In fact, SOG ...
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News briefsSolo Brands reiterates FY guidances; Q3 net bolstered by tax benefit
Solo Brands, helped by a nearly $6.2 million tax benefit, reported net income of $4.1 million versus a loss of $2.2 million in Q3 ended Sep. 30. The operating loss for the period improved by 60 percent to a loss of $1,325,000 versus $3,285,000 in the year-ago period. A mix ...
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News briefsSolo Brands announces CFO change
Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced that Somer Webb, Chief Financial Officer, has notified the company of her intent to pursue other opportunities. Webb will remain with the company until Dec. 10, 2023. She started her position at ...
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ArticleSolo Brands lifts Ebitda margin as Q2 wholesale revenues soar
Solo Brands lifted its annual Ebitda margin target after a strong rise in second-quarter earnings and wholesale revenues. The owner of four lifestyle brands said wholesale revenues increased 57 percent to $31.3 million in the three months to June 30, compared to $19.9 million a year ago. Direct-to-consumer sales fell ...
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ArticleU.S. action sports show Surf Expo will feature select outdoor product segments
Trade shows around the world continue to look for ways to redefine themselves or strengthen their presence in the order market, which is increasingly dominated by digital or exclusive events. The latest example is Florida’s Surf Expo, a three-day action sports trade show in Orlando produced by Emerald X, the ...
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ArticleOutDoor by ISPO provided community and inspiration again in 2023
Three days, over 650 exhibitors and satisfying visitor numbers. OutDoor by ISPO 2023 is over and has been hailed as a success. Now in its second year at the MOC Event and Order Center, the mood was once again that of a community coming together, whether that be for business ...
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ArticleAirMarker Balloon: A new innovative mountain rescue device from Switzerland
AirMarker, a start-up from Switzerland, has unveiled the AirMarkers R.One, the world’s first balloon rescue system – a portable, ultra-light signal balloon. The system speeds up the search process for accident victims or missing persons and represents a new category of its own in the outdoor market. The AirMarker system ...
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ArticleFirst 11 candidates for the French Outdoor Awards 2024 announced
The first entrants who stand a chance of winning the French Outdoor Awards 2024, organized by the french trade association, the Outdoor Sports Valley (OSV), have been selected. Eleven products have been chosen, in this the first of three rounds. Two more test sessions will follow in the course of ...
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News briefsJohnson Outdoors expands board of directors
Johnson Outdoors, the U.S. parent company of a portfolio of fishing, diving, camping and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak, announced the appointment of Jeffrey M. Stutz, chief financial officer at MillerKnoll, Inc., as an independent director of the company, effective May 23. Stutz joins the ...
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News briefsSolo Brands turns Q1 profit, maintains FY guidance
Solo Brands reported a $933,000 net profit against a loss of $2.01 million for Q1 ended March 31. Operating income was $3.2 million against a loss of $3.2 million. Quarterly revenues for the parent of Oru Kayak, Isle paddleboards, Chubbies apparel and Solo Stoves rose by 7.3 percent to $88,207,000 ...
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News briefsRussia sees a hike in demand in the outdoor goods market
Russian outdoor brands enjoy a strong rise in popularity, primarily owing to the exit of their foreign competitors from the market and a general upshift in outdoor tourism in the country, Russian outdoor goods retailer Globaldrive reported. “We are witnessing a significant growth in sales [of Russian brands]. This is ...
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News briefsSolo Brands sets FY23 revenue range
Solo Brands, parent of Oru Kayak, Isle paddleboards, Chubbies apparel, and Solo Stoves, is forecasting 0.5 percent to 4.3 percent revenue growth in FY23 to a range of $520 to $540 million with a corresponding adjusted Ebitda margin of 16.5 to 17.5 percent. In Q4, the Texan company reported ...
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ArticleSolo Brands eyes deeper assortments with wholesale partners
The publicly traded Grapevine, TX company, which owns four businesses led by its Solo Stove unit, has a Direct-To-Consumer to Wholesale ratio of 85 to 15, a percentage that is likely to persist given Solo’s extreme focus on its relationship with customers. But Solo has a new partnership with warehouse ...
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News briefsThree European brands among winners of U.S. Outdoor Sports Retail Performance Awards
The NPD Group today announced the winners of its third annual Outdoor Sports Retail Performance Awards. The awards recognize the fastest-growing brands in U.S. outdoor and snow sports retail, based on in-store and e-commerce sales, according to data from NPD’s Retail Tracking Service. “We are excited to kick off the ...
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News briefsCLR Outdoor presents folding backpack kayak at German Shark Tank
Source: CLR Outdoor CLR’s VIK3.8 folding kayak Berlin-based start-up CLR Outdoor, consisting of founders Constanze Lenau and Daniel Schult, presented their folding kayak VIK 3.8 on the German version of the entertainment show Shark Tank on Sep. 5. Although no deal materialized, the TV appearance helped introduce ...
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News briefsSolo Brands generates 53 percent increase in Q2 sales
Solo Brands, a direct-to-consumer-focused company that currently owns four lifestyle brands, reported a 53 percent increase in second-quarter earnings to $136.0 million from $88.7 million for the period ended June 30. The revenue gain was driven by acquired businesses and higher DTC and wholesale channel revenues. DTC sales rose 63 ...
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News briefsFolding kayak start-up wins Globetrotter as distribution partner
With its kayak VIK 3.8, made of one piece and completely foldable, the German start-up CLR Outdoor GmbH has now secured Globetrotter as its exclusive distribution partner for the 2022 season. Sales start is June 1. As part of its InnoLab start-up support program, Globetrotter had already assisted CLR Outdoor ...
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ArticlePelican 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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News briefsSolo Brands with new CFO and new board members
Solo Brands has appointed Somer Webb as CFO, effective May 16. Sam Simmons, the company’s current CFO, will remain with Solo Brands to ensure a smooth transition. Somer brings more than 15 years of financial experience to Solo Brands. She has extensive experience in financial planning and analysis, mergers and ...
