All Corporate articles – Page 56
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ArticleStore closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp.’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ended on March 31, ...
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News briefsA boom in e-commerce for Kathmandu
Kathmandu, the new owner of Oboz and Rip Curl, said its sales over the internet jumped by between 250 and 300 percent in April because of the coronavirus lockdowns, with the domestic Australian market growing the most. Only two of its 327 stores are now closed, and the company says ...
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News briefsClarus cancels case maker takeover, replaces dividend with shares
Clarus Corp., the American holding company of Black Diamond Equipment and other operations, said it has cancelled its planned acquisition of an American case maker, SKB, by mutual agreement with the sellers as a result of the uncertainties created by the coronavirus pandemic. Clarus would have had to pay $85 ...
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News briefsWolverine issues notes
Like other U.S. companies in our sector and others, Wolverine Worldwide is resorting to a bond offering to help raise more cash as security against the impact of Covid-19. The company announced on May 6 that it is offering $300 million worth of senior notes with a yield of more ...
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News briefsProducer of Indigo and Bogner skis files for bankruptcy
Schwabe & Baer Entwicklungsgesellschaft, which manufactures high-quality skis and ski equipment under the brand name Indigo, among others, filed for insolvency at the Munich district court on April 14. Under the supervision of the restructuring expert Rolf Pohlmann, the provisional insolvency administrator, operations will continue and the company will be ...
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News briefsWolverine reorganizes leadership structure
By May 30 at the latest, Todd Spaletto will be stepping down as president of Wolverine Worldwide’s Michigan Brands group, which consists of the Merrell, Chaco, CAT Footwear, Hush Puppies and Sebago brands. Rather than replace him in the post, Wolverine is promoting three executives and dividing responsibility for its ...
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ArticlePolygiene benefits from antiviral technologies
Polygiene said its revenues grew in the first quarter of 2020, despite production being halted across Asia due to the coronavirus outbreak. According to preliminary estimates, the Swedish company’s sales rose by 4.3 percent from the year-ago quarter, which the management partly attributed to the group being able to deliver ...
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News briefsMcTrek files for insolvency
Yeah! AG of Germany, operator of 43 McTrek outdoor stores and an online shop, filed for insolvency at the district court of Hanau, Germany, on April 1. The company employs 420 people. Yeah! AG was founded by Peter Dausien, founder also of the German outdoor brand Jack Wolfskin, and has ...
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News briefsLa Sportiva is producing masks and scrubs
La Sportiva had already stopped production lines at its factory in Italy ahead of the ministerial order imposing the closure of the factories for unnecessary goods. Now the outdoor company is converting part of the machinery, originally designed for cutting and sewing leather and rubber, for the production of masks ...
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ArticleInterview with Heiner Oberrauch, president of the Oberalp Group
Heiner Oberrauch Source: Oberalp Group We recently heard a lot about the Salewa brand and its operational decisions and support programs during the Covid-19 crisis. After the interview with Salewa’s managing director Stefan Rainer, the Compass now had the opportunity to speak to Heiner Oberrauch, president of ...
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ArticleWolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate through ...
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ArticleSalewa cancels SS 2021 textile collection: Interview with Stefan Rainer
To support its retailers during and beyond the ongoing Covid-19 pandemic, the Italian outdoor brand Salewa decided to skip the SS 2021 textile collection. Outdoor Industry Compass spoke with Stefan Rainer, managing director of Salewa, about the rationale and context of this decision. Source: Alex Moling/Storyteller-Labs Stefan Rainer, ...
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ArticleAdventure travel and outdoor experiences: The way out?
The areas of outdoor equipment, outdoor retail and outdoor travel are moving closer together. Several premium outdoor brands have already acquired or partnered with outdoor guides and tour operators, the most recent examples are Norrøna Hvitserk Adventures and Arc’Teryx Trips or Jack Wolfskin’s Wolftrail, but let’s not forget the Mammut ...
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News briefs
German government approves aid for citizens and corporations
(SGI) As the corona crisis sweeps across Germany, the government has assembled an aid package to support families, renters, employees, freelancers and companies. The cabinet, under the leadership of German chancellor Angela Merkel, agreed on Monday to several vast protective measures and far-reaching changes to the legal code. The Bundestag, ...
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News briefsOberalp Group assumes crisis management
After our first news piece about Salewa’s commitment in the Covid-19 crisis, we now received an official company statement from the brand’s parent, Oberalp Group, with additional first-hand information. As reported earlier, the company has started to sew face masks and water-repellent protective coats. This takes place at Oberalp’s facilities ...
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News briefs
Equip announces risk management action plan for retailers
Equip Outdoor Technologies, the owner of the outdoor brands Rab and Lowe Alpine, has developed a risk management action plan to help its retail partners deal with the problems during and after the Covid-19 crisis. While the priority is clearly to protect the health and safety of everyone - retail ...
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News briefs
Fenix Outdoor suggests canceling dividend
On March 17, the board of directors of Fenix Outdoor proposed to the general meeting of shareholders that no dividend be paid this year. The board justified this proposal by saying that the market situation will remain turbulent in view of the global situation. The coronavirus and the measures taken ...
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News briefsP.A.C. builds “Green Factory” in Southern Germany
After extending its current business by a new logistics hall in 2018, P.A.C., a manufacturer of headwear and socks, founded in 2012 in southern Germany, is now adding another 6,000 sqm of production and logistics space and 1,100 sqm of office space for up to 200 employees. The family-owned company ...
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News briefs
Klättermusen partners with U.S. software developer
Klättermusen, a Swedish outdoor brand best known for its efforts in sustainable apparel, reports that it has signed a long-term contract for a software called Centric SMB, a cloud-based product lifecycle management solution designed for small and medium-sized businesses. Sara Hult, global production manager at Klättermusen, said her company needs ...
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News briefs
Columbia closes North American and European stores
In addition to the closure of its brick-and-mortar stores in North America through Friday, March 27 (see our article here), Columbia Sportswear has now also closed, until further notice, all European retail stores owned and operated by the brand. Beyond the closures, Columbia has taken further steps to implement the ...
