General Outdoor
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ArticleDespite difficult times, Bike24 looks to a brighter future
Although 2024 got off to a challenging start in a persistently uncertain economic environment, Bike24 Holding AG, the German e-commerce retailer for cycling, running and swimming sports, expects a return to growth with improved profitability. “In the current macroeconomic environment, we have made a satisfactory start to 2024,” said Bike24 ...
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ArticleRVRC sets new three-year targets as Q3 results come in strong
Swedish DTC outdoor company Revolution Race (RVRC) disclosed new three-year financial targets ahead of reporting strong Q3 results. The group intends to achieve annual sales growth of 20 percent and an adjusted EBIT margin of 20 percent through FY26/27. In late January, RVCR said its FY23/24 revenue objective was at ...
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Article2023: Vaude reduces global CO2 emissions by 30%
According to its 2023 CO2 emissions chart, Vaude has reduced its global greenhouse gas emissions by almost one-third compared to the reference year of 2019, while the company’s turnover increased significantly in the same period. Vaude thus shows that it is possible to decouple resource consumption from corporate growth and ...
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ArticleJohnson Outdoors suffers Q2 operating loss
Each of Johnson Outdoors’s four segments reported a double-digit sales decline for the period ended March 29, and two, Watercraft Recreation and Diving, had a quarterly operating loss. The group’s aggregate Q2 operating loss was $253,000 against a profit of nearly $11.4 million in the year-ago period. Ebit slipped by ...
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ArticleIGOT awards funding to youth projects in eight countries
Grassroots projects from eight different countries have been awarded funding that will help get young people active in the outdoors. The It’s Great Out There Coalition (IGOT) has revealed details of the recipients of the latest #itsgreatoutthere grants, providing €32,000 of support to initiatives in Montenegro, France, Slovenia, the United ...
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News briefsWolverine Worldwide aims for greater internationality with new license deals
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
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ArticleREI posts $3.76 billion in revenue in 2023, but loses $311 million net
US specialty outdoor retailer REI Co-op released its impact report and financial results for 2023 on April 30. The year closed with $3.76 billion in net sales and nearly $270 million invested back into the co-op community. Net sales were down 2.4 percent from 2022, and the co-op reported a ...
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ArticleGarmin gains on positive results from fitness and automotive segments
Swiss navigation and fitness device manufacturer Garmin, in its seasonally lowest quarter of the FY, reported a 51 percent increase in Q1 operating income to $298.4 million from $197.0 million for the period ended March 30. Net income was up 36 percent year-over-year to nearly $276 million, and gross margin ...
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ArticleCoDi's aggregate Q1 sales nearly unchanged despite net loss
The net loss from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, PrimaLoft, and Velocity Outdoor) was $10.5 million against a profit of $1.79 million for the three months ended March 31. Aggregate sales for the four businesses were essentially ...
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News briefsRevelyst reschedules investor day to early fall
Revelyst, the outdoor segment of Vista Outdoor Inc., has announced that the company will postpone its investor day. The change comes in light of the Vista Outdoor Board of Directors’ recent decision to postpone the date of its planned shareholder vote in connection with its third-party investment in the company. ...
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News briefsWolverine with new Chief Legal Officer and Corporate Secretary
Wolverine Worldwide has announced the promotion of Dave Latchana to the position of Chief Legal Officer and Corporate Secretary, where he will oversee a wide range of functions, including legal, compliance, corporate communications, risk management, ESG, security, and loss prevention. Latchana brings a wealth of experience to his new role, ...
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News briefsZyroFisher appoints Chief Commercial Officer
ZyroFisher, a UK-based distributor of sports and lifestyle brands, has announced the appointment of Nadine Thompson as Chief Commercial Officer. In a career spanning more than 20 years, Thompson has held senior positions with multinational companies such as Procter & Gamble and Pentland Brands and has maintained close relationships with ...
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News briefsDurango, Xtratuf brands drive Q1 sales for Rocky Brands
Bolstered by double-digit sales increases for its Durango and Xtratuf footwear brands, Rocky Brands reported a 2.2 percent jump in Q1 revenues to $112.9 million from $110.4 million. Excluding Servus, a brand divested in March, sales rose by 7.6 percent year-over-year. Wholesale revenues (also excluding Servus) rose by 7.0 percent ...
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News briefsEOCA vote on nature conservation projects for 2024 started
The European Outdoor Conservation Association (EOCA) has opened the public vote to select the first conservation projects for 2024. With a potential reach in the millions, this is an opportunity for the shortlisted organizations to showcase themselves on an international platform to gain support and showcase the important work they ...
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News briefsOTS venue commits to net zero by 2030
Exhibition Centre Liverpool, the venue for the UK trade show OTS since 2021 and recently confirmed as a future venue until at least 2027, has committed to becoming a net zero venue by 2030. This puts Exhibition Centre Liverpool twenty years ahead of the events industry’s 2050 target and reflects ...
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ArticleREI Path Ahead Ventures recognizes 16 emerging US outdoor companies
REI Path Ahead Ventures has announced that 16 emerging companies have completed the Embark program, a three-month curriculum developed in partnership with Founded Outdoors to help founders of color in the U.S. turn their early-stage ideas into viable businesses. The Embark program is part of REI Path Ahead Ventures, the ...
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News briefsNewell Brands broadens focus for Coleman
Still working to turn around the fortunes of its struggling Outdoor & Recreation segment, parent Newell Brands has made numerous changes to the business. These include installing a new segment leadership team and broadening Coleman’s focus to all outdoor activities instead of camping exclusively. Newell CEO Chris Peterson told analysts ...
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ArticleThule’s Q1 results benefit from bicycle market recovery
In its Q4 report for 2023, transport system provider Thule Group AB stated that it was already experiencing “the first signs of an improvement in the tense market situation.” The first quarterly report of the current 2024 financial year proves that the Swedes were not mistaken: They have made a ...
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ArticleColumbia lifts FY guidance slightly despite lower Q1 profit
Columbia Sportswear continues to project a 2 to 4 percent annual sales decline to $3.35 to $3.42 billion for the full fiscal year but has raised its operating profit outlook from a prior forecast by a modest 1 percent to $259–$291 million. Annual gross margin is now forecast to expand ...
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News briefsDeckers creates role of President of Global Marketplace
US company Deckers Brands, owner of a portfolio of brands including Ugg, Koolaburra, Hoka, Teva, Sanuk and Ahnu brands, has promoted Marco Ellerker to the newly created role of President of Global Marketplace, effective Aug. 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most recently ...
