All Coronavirus articles – Page 7
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ArticleShimano continues to perform well in Q1
Both Shimano ’s bicycle components and fishing tackle divisions benefited from the ongoing Covid-19 crisis in the first quarter of its fiscal 2021. Overall, Shimano’s quarterly sales – compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). Operating income was ...
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ArticleMixed results for Fenix Outdoor
Fenix Outdoor International had a difficult start to the year and still faces some of the challenges that have marked 2020. Management said major store closures in Europe hampered business in Q1, although there were some upsides, such as the performance of retail stores in Sweden, Finland and Denmark, as ...
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News briefsLenzing releases its Sustainability Report 2020
The Lenzing Group has presented its Sustainability Report 2020 . The document, titled “ Stand up for future generations ,” was released on Earth Day . The Covid-19 pandemic dominated FY2020. This extraordinary situation led to short-term measures to safeguard the company’s business operations and mitigate the effects of ...
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News briefsPersonal protection equipment sales lift 3M results
Just like in 2020, sales of masks and other personal safety equipment in the midst of the pandemic boosted sales of 3M in the first quarter of 2021. It saw growth across all business segments and geographic areas. The management also released an upbeat outlook, as demand for ...
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News briefsSchöffel releases 2020 sustainability report
In its 2020 sustainability report, Schöffel is emphasizing the learnings from the Covid-19 crisis and its consequences for the German family-owned outdoor company. Against the backdrop of the pandemic, one focus of Schöffel’s CSR efforts in 2020 has been continuous and responsible collaboration and communication with all production partners ...
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News briefs
Dometic reports growth in its first quarter
Dometic , the Swedish brand that was awarded the ”Fastest Growing Equipment Accessories Brand in the U.S. Outdoor Industry” by data analytics company NPD Group , has just released its Q1 financial report. The Stockholm-based company and the latest new member of the Scandinavian Outdoor Group ( SOG ) ...
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ArticleMoncler with double-digit sales growth in Q1 despite setbacks in Europe
Moncler saw its consolidated revenues jump by 18 percent to €365.5 million in the first quarter of 2021, with a jump of 21 percent in local currencies, although many countries were still being affected by coronavirus-related restrictions. The growth was primarily driven by a strong contribution from China, Korea ...
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OpinionDigital is here - but what is it missing for the Ingredient Sourcing Industry?
The one positive thing agreed is that Covid-19 has accelerated the transformation to digital. It has offered more than a stop-gap solution, but has it provided a complete solution? If this question had been asked 18 months ago, everyone had made plans for a digital version this decade, but not ...
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News briefs
German Parliament wants to set new rules for Click&Meet and Click&Collect
The German Bundestag has decided to raise the minimum threshold for non-essential retail Click Meet services for counties or municipalities where 150 out of 100,000 residents are infected with Covid-19. If the incidence is higher for three consecutive days, only Click Collect is possible. The Federal Council is scheduled to ...
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ArticleMoody’s upgrades outlook for Amer Sports
Providing some interesting figures on Amer Sports ’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to ...
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News briefs
Annecy Days Summer to take place this June
Annecy Days Summer , the French trade event for outdoor and snow sports products, will take place on June 21 and 22, according to Union Sport Cycle and Outdoor Sports Valley ( OSV ). Brands will open the doors of their showrooms in the market village ...
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News briefs
Virtual Spezi 2021 confirmed, physical show moved to 2022
While show organizer Hardy Siebecke and his team have confirmed the dates for virtual Spezi 2021 , the second virtual international specialty bike show from “ Spezi - die Spezialradmesse ,” this year’s 25th-anniversary physical show has been canceled. Although already postponed to Sept. 18-19, the German event organizer ...
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News briefsPeli supports Red Cross in Rome
Peli Products has partnered with Red Cross volunteers from District 2-3 in Rome to support them in their unique “ CRI in Bici - Squad ” ( direct link to Facebook ) initiative. To help the population during the pandemic, as part of the Italian Red Cross’ “Time ...
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News briefs
Italy expects to restart trade shows from July
Italy’s Industry Minister Giancarlo Giorgetti indicated that trade shows could resume in July after having been suspended due to the Covid-19 pandemic. The government has also earmarked about €400 million in grants to support the trade fair industry. However, the funds still have to be approved by parliament. In ...
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News briefs
Johnson Outdoors CEO ranked in Forbes’ World’s Billionaires List
Helen Johnson-Leipold , the chairwoman and CEO of Johnson Outdoors , took the 831st position in the 2021 Forbes’ World’s Billionaires List with a net worth of $3.6 billion, up from $3.3 billion in 2020. Johnson-Leipold has been running the company since 1999. She is also the chairwoman ...
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News briefsISPO Basecamp of Inspiration 2021 canceled
The ISPO Group has announced that this year’s Basecamp of Inspiration – OutDoor by ISPO ’s version of the ISPO Brandnew startup competition – has been canceled. With the postponement of OutDoor by ISPO to the beginning of October, the time between the two annual startup events ...
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ArticleGfK survey in the USA sees brand loyalty as payoff for intelligent consumer approach
In a survey of 1,000 U.S. residents, market research institute GfK asked consumers about their brand loyalty and trust in brands and retailers in relation to data security, as well as soft parameters such as CSR and political issues. According to the study, one of the social changes ...
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ArticleHDE calls for new retail regulations; retailers fear 60% loss with compulsory corona testing
In view of the amendment to the Federal Infection Protection Act announced for next week, the German Retail Federation (HDE) is calling for targeted measures to effectively contain the third wave of Corona currently affecting the country. The HDE is critical of a possible further lockdown with store closures ...
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ArticleItalian tanners issue warning about rising raw material costs
The Italian tanners’ association, Unic , is warning about the “destabilizing” impact of a sharp increase in the price of raw materials. In recent weeks, the cost of raw hides and skins has increased in “a generalized and almost unreasonable way,” while tanneries face a sharp decrease in demand, ...
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ArticleVietnam predicts $20 billion in leather and footwear exports in 2021
Vietnam’s Leather, Footwear and Handbag Association (Lefaso) expects its industry to achieve exports of more than $20 billion this year after suffering from a decline last year due to the impact of the Covid-19 pandemic on supply chains, consumption and trade. Last year, Vietnam’s export turnover of ...
