All E-Commerce & DTC articles – Page 9
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News briefsOutnorth names new CEO
Source: Outnorth Ville Kangasmuukko Nordström After Harald Ennen decided to leave Sweden-based e-commerce company Outnorth and his role as CEO this summer, a successor has now been found in Ville Kangasmuukko Nordström, currently CEO at leading Swedish fashion shopping company Bubbleroom. He will take up his new ...
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News briefsSpecialized opens new bike store in Munich
Source: Specialized Back with a big bike store in the Bavarian metropolis: US bicycle outfitter Specialized After the long-time Specialized Concept Store Munich operator Alpha Bikes showed the American bike maker the red card (after 24 years, Alpha Bikes was not happy about the distribution change of ...
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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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News briefsYamaha Bicycles launches new U.S. e-commerce platform
Yamaha Bicycles is celebrating 30 years as a pioneer in e-bikes by announcing the launch of an all-new e-commerce platform in partnership with its large network of dealers in the USA. Effective immediately, e-bike enthusiasts in the U.S. can purchase their new Yamaha Power Assist Bicycle online at yamaha-motor.com and ...
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News briefsVolumental partners with UK retailer of outdoor footwear
The UK-based vendor Outdoor & Cycle Concepts Limited (O&CC), owner of Cotswold Outdoor, Runners Need, and Snow+Rock, has partnered with 3D foot scanning platform, Volumental.
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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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News briefsRevolution Race posts strong FY, but profits decline
Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...
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News briefsRVRC proposes sustainability and inclusion specialist from Zalando as new board member
The Nomination Committee of Swedish DTC provider RVRC Holding AB (RevolutionRace) – consisting of Øistein Widding (appointed from Altor Fund IV (No.1) AB and Altor Fund IV (No.2) AB), Peter Algar (appointed from Nyrensten Global Holding AB), Caroline Sjösten (appointed from Swedbank Robur Fonder AB) and Andreas Källström Säfweräng (Chairman ...
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ArticleSales in Swedish sports retail down 1.7% in Q2
According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in the Swedish sports retail sector fell by 1.7 percent in Q2 2023. This was the sixth consecutive quarter of negative development. Changing behavior patterns following the end of the ...
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ArticleRestructuring process for Swedemount Sportswear & Fashion AB approved
As the border between Norway and Sweden was closed during the pandemic and therefore, important stores along the Norwegian border were shuttered and severely affected, the Swedish company Swedemount Sportswear & Fashion AB suffered significant losses in sales. The Covid support the company received during this period exceeded the amount ...
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ArticleThredUp publishes second annual impact report
US-based online resale platform ThredUp has published its second annual Impact Report. Through transparent reporting and disclosure, the report provides a comprehensive overview of ThredUp’s environmental, social and governance (ESG) profile. It outlines the company’s business and brand-focused ESG strategy and highlights the progress the company has made on ESG ...
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ArticleBergfreunde changes its climate protection strategy
Having been strongly committed to climate protection for some time, the German online retailer for mountaineering, climbing and outdoor equipment Bergfreunde GmbH is now making a strategic change in response to a recent review of its own climate protection policy: Instead of offsetting the currently unavoidable greenhouse gas emissions through ...
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ArticleBike24 lowers FY forecast after gloomy prelim Q2 results
Looking at publicly traded e-commerce bike retailer Bike24 Holding AG’s preliminary dismal second-quarter results, it’s clear why the Dresden-based company also sent out a separate announcement to “adjust the forecast for the financial year downwards.” This move in itself demonstrates the gravity of the current situation. According to preliminary calculations, ...
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News briefsSSU appoints former Accell Group CEO to its board
German, U.S.-listed cycling, outdoor and team sports e-commerce retailer Signa Sports United N.V. (SSU) has announced the appointment of former Accell Group CEO Anthonie “Ton” Anbeek to its board of directors. The appointment is effective April 1, 2024. Source: Accell Group Ton Anbeek With Anbeek, SSU said ...
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News briefsHaglöfs launches consumer “Shell Guide” this fall
Haglöfs’ new Shell Guide, which will be available on haglofs.com in October 2023, is designed to help outdoor athletes find the right jacket for their activities. Customers can choose from the Shell collection for extreme performance in the mountains to lightweight and versatile shells for the trail and everyday use. ...
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ArticleRad Power Bikes withdraws from the European market
On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...
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News briefsEddie Bauer launches UK website
American outdoor brand Eddie Bauer has launched a new UK website. The move is part of a planned expansion into the European and British markets, with the brand stating on LinkedIn before this year’s Outdoor Trade Show (OTS), ”We are planning direct to consumer, retail stores and wholesale partners to ...
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News briefsNatascha el Mahmoud, General Manager Commercial Europe, to leave Jack Wolfskin
Source: Jack Wolfskin Natascha el Mahmoud Natascha el Mahmoud has informed Jack Wolfskin’s management that she will be leaving the company at her own request, effective Feb. 29, 2024. After 22 years, she has decided to take some private time off to pursue her passion for travel. ...
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News briefsIs TSG looking to divest Backcountry.com?
TSG Consumer Partners, a private equity firm based in San Francisco, California, is considering options for Backcountry, including a sale of the online outdoor gear and ski apparel retailer, according to Bloomberg News. Backcountry was founded in 1996 in a garage in Park City, Utah. The company sells gear for ...
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ArticleSSU is hoping the worst market disruptions are over
Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...
