All Coronavirus articles
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ArticleBike24’s bright spot in difficult times is its young international business
Thanks to sales increases in Spain, France and Italy, the listed German cycling, running and swimming sports online retailer Bike24 Holding AG was at least able to significantly grow its international business. Nevertheless, the Dresden-based company had to accept a decline in sales of 4 percent to €67 million in ...
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Article
Fox Factory with new sales records, gives cautious outlook
U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...
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Article
Outdoor goods in Russia enjoy a rise in popularity, despite skyrocketing prices
Demand for outdoor goods in the Russian online stores has jumped by 100 to 300 percent in the summer of 2022 compared with the same period of the previous year. One of the largest Russian online marketplaces, Sbermegamarket, said that in June-July, it sold 340 percent more goods for outdoor ...
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Article
Columbia Sportswear releases 2021 ESG report
Just after publishing its FY22 sales and profit outlooks, Columbia Sportswear has released its 2021 environmental, social and governance (ESG) report, highlighting the progress made throughout 2021 in the three pillars of the company’s CSR strategy: empowering people, sustaining places, and responsible practices, with a focus on Columbia’s four primary ...
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News briefs
Buff’s sales are back to normal after the pandemic boom
Buff, the Spanish headwear and neckwear company, posted revenues of €49.6 million in its fiscal year 2021, ending April 30. The figure compares to €85 million in sales and a 62 percent increase in the previous fiscal year when results were exponentially boosted by the outdoor boom during the Covid-19 ...
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Article
Bicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
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News briefs
China Cycle announces new date and location
In early April, the organizers of the China International Cycle Show canceled the 2022 edition, scheduled for May 6-31, due to the fierce Covid Omicron variant, which is particularly rampant in the greater Shenzhen and Shanghai areas. However, China Cycle 2022 was not completely abandoned. Now the organizer announced that ...
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News briefs
Climbing World Cups in China canceled due to Covid
The lead and speed IFSC World Cup in Xiamen, scheduled to take place Oct. 15-17, and the boulder and speed IFSC World Cup in Wujiang on Oct. 22-24 – meant to be the last events of the lead and boulder season – have been canceled due to the Covid-19 pandemic. ...
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News briefs
Gregory 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 ...
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Article
Bicycle sales in Austria: turnover surpasses €1 billion
The Association of Sporting Goods Manufacturers and Sports Equipment Suppliers of Austria (VSSÖ) has released the 2021 Austrian bicycle sales figures. Although the impact of the Covid-19 pandemic on supply chains was still strongly felt, around 490,000 bicycles were sold to Austrian sporting goods retailers and specialist bicycle dealers last ...
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Article
Giant Group achieves another annual record despite two-digit profit drop in Q4
Taiwan’s leading bicycle producer Giant Group has achieved a second consecutive sales and profit record. Year on year, 2021 sales rose another 17 percent to 81.8 billion Taiwan dollars (€2.59 billion). Net profit after tax rose 19.8 percent to a record TWD 5.93 billion (€197.94 million). This positive result is ...
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News briefs
Mips’ China production restarts after brief lockdown
Due to the recent Omicron wave in China, the Swedish Brain Protection System (BPS) manufacturer Mips AB has further updated the current situation in areas where the supplier and several of its (helmet) customers have manufacturing operations. In a communication dated March 16, the helmet technology supplier had indicated that ...
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Article
Worst Covid-19 outbreak in China since Wuhan threatens supply chains
Even before the initial problems caused by the pandemic could be solved, the war in Ukraine created new ones. And now, despite all precautions, the Omicron BA mutant of Covid-19 is spreading rapidly in China. The epicenter of infection was the northeastern province of Jilin, on the ...
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News briefs
Kitsbow to refocus on core business; discontinues PPE production
North Carolina-based Kitsbow Cycling Apparel announced it will cease production of personal protective equipment (three-layer face masks and face shields) on Feb. 28 to focus on apparel manufacturing. At the start of the pandemic, in March 2020, Kitsbow switched its operations to manufacturing face masks, first for medical professionals and ...
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News briefs
Angling Direct posts sales increase despite Covid-19 store closures and decline in online sales
Angling Direct, the British fishing tackle retailer, has reported a 7.2 percent sales increase for its financial year ended Jan. 31, 2022, despite a 4.3 percent decline in online sales and the closure of all its 42 stores for three months, from Feb. 1 to April 11, 2021, due to ...
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News briefs
Shopify expects sales to decline when the pandemic ends
While the majority is hoping that the Covid-19 pandemic will have less and less of an impact on our daily lives in the coming months, that very prospect is apparently dampening expectations for annual revenue at e-commerce platform Shopify, according to online service t3n. The company is forecasting a decline ...
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Article
Haglöfs reports record year
Haglöfs has announced – without releasing figures – that it achieved strong sales and record profits in 2021. The company attributes the positive performance to continuous improvements in its brand experience, products, and distribution channel mix. Haglöfs has also raised the bar for its sustainability work with an ambitious new ...
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News briefs
IWA Outdoor Classics 2022 is on track for next show in early March
The IWA OutdoorClassics 2022, the international trade show for hunting, shooting sports, outdoor activities and security held in Germany, is preparing for its first event since the start of the Covid-19 pandemic. According to the organizing NürnbergMesse, IWA will be held from March 3 to 6, 2022, as planned. Roughly ...
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News briefs
La Sportiva posts 28% sales increase despite Covid-19 uncertainty
La Sportiva has seen its revenues jump by 28 percent in 2021 and anticipates another 10-15 percent increase in 2022. The positive performance, which widely exceeded the company’s expectations, was primarily attributed to investments in advanced technologies and digitalization. To thank its staff for the outstanding result, the company’s board ...
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Article
Johnson Outdoors sees strong orders, Q1 sales slip amid supply chain disruptions
Johnson Outdoors, the owner of the Jetboil and Eureka brands, amongst others, saw sales decrease in the first quarter of its financial year as supply chain disruptions made it difficult to keep up with demand for outdoor recreation products. Total company sales in the three months to Dec. 31 declined ...
