All General Outdoor articles – Page 126
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News briefsMillet to hold its sell-in early
Millet Mountain Group has moved up its sell-in campaign by two weeks, to late May, in part to account for moved-up production schedules, reports CMDsport. This year, according to Hervé-Sergio Locatelli, sales director for southern Europe, the group has met expectations with a “satisfactory” first four months in Spain. Textiles ...
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News briefsKMD Brands refinances debt with sustainability-linked loans
KMD Brands, the New Zealand-based parent of Kathmandu, Rip Curl, and Oboz, has successfully refinanced its NZ$310 million (€177.4m) in debt with sustainability-linked, multi-currency revolvers. The three-and-a-half-year finance package, which includes a A$240 million (€147.6m) revolver and a NZ$54 million (€30.9m) revolver, provides the group with significant liquidity to support ...
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News briefsBetter Cotton offers input on US body’s Green Guides
Cotton sustainability initiative Better Cotton has submitted feedback to the United States Federal Trade Commission (FTC) as part of an ongoing review of its Guides for the Use of Environmental Marketing Claims (”Green Guides”). The FTC is a bipartisan federal agency of the US government that works in the ...
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News briefsThule opens retail space at NK in Stockholm
Thule has opened a store at the NK (Nordiska Kompaniet) department store in Stockholm, its third store in Sweden. The 55-sqm retail space is located on the third floor of the department store. “We are very proud to now be present at NK, which is an icon in Sweden. It ...
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ArticleIGOT announces #itsgreatoutthere grant recipients
The It’s Great Out There Coalition (IGOT) has confirmed details of eight grassroots initiatives that have received #itsgreatoutthere grants of up to €5,000. The projects will collectively deliver more than 1,300 days of outdoor activities in six different countries. Launched in 2017 by the IGOT, the #itsgreatoutthere grant program supports ...
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News briefsLaunch of major textile recycling project in Austria
A new industry consortium has inaugurated what has been described as “Austria’s largest textile recycling project.” Austrian companies and not-for-profit organizations have joined forces in the project, including fiber manufacturer Lenzing, Altstoff Recycling Austria (ARA), textile service provider Salesianer Miettex, Caritas Austria and Swedish pulp producer Södra – the only ...
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News briefsGrassroots Outdoor Alliance hires Chelsea Flynn as event director
Grassroots Outdoor Alliance (GOA), the U.S. organization dedicated to the health and growth of the outdoor specialty retail industry, has named Chelsea Flynn Director of Events. Flynn brings more than ten years of event planning experience to the position. Previously, she was events project manager at the University of Tennessee ...
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ArticleUS Outdoor Alliance presents handbook to expand outdoor recreation while fighting climate change
Expanding access to outdoor recreation while combating climate change and preserving biodiversity are some of the key benefits of natural climate solutions. That’s according to a new policy report released by the Outdoor Alliance (OA), a nonprofit coalition of ten national advocacy organizations working to protect public lands and waters ...
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ArticleAddnature with losses in FY22, no immediate improvement expected
According to ehandel.se, Swedish outdoor online retailer Addnature, founded in 2000 and a wholly owned subsidiary of Internetstores Group since 2013, which in turn is part of Signa Sports United (SSU), has had a year of ups and downs. In its most recent financial statements for fiscal 2022 (October 2021 ...
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News briefsOrthoLite further strengthens its Cirql business
OrthoLite, the U.S.-based insole specialist, has appointed Marc Kronenberg as development and commercialization director for its Cirql business. OrthoLite Cirql is a patented foam technology that is plastics-free, recyclable, biodegradable and industrially compostable. It is meant as an alternative to conventional plastics, providing footwear brands and their factory partners with ...
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News briefsOutdoor Research selects preferred partner for DWR treatments
Seattle-based Outdoor Research (OR) has struck a deal with the UK’s Nikwax, which from September is to become the gear and apparel company’s “preferred partner for after-purchase Durable Water Repellent (DWR) care and treatment.” The deal aligns with OR’s gradual shift away from per- and poly-fluoroalkyl substances (PFAS), which it ...
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News briefsKathmandu has a new CEO
KMD Brands has apointed Megan Welch, most recently SVP/GM for Crocs’ Asia/Pacific business based in Singapore, as the new CEO for its Kathmandu business unit starting on Aug. 7. She takes over and will report to Michael Daly, KMD’s group CEO and managing director, who added the Kathmandu responsibilities on ...
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News briefsHelly Hansen sales rise by double-digits in Q1
Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, generated a 22.9 percent increase in Q1 revenues to C$208.4 million (€150.6m) compared to C$169.6 million in Q1 2022. In Norwegian kroner, sales were NOK 1,576.3 million versus NOK 1,185.1 million for the period that ended March 31. The company ...
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News briefsNew distribution partner as Jack Wolfskin aims at Iberia market
German-based apparel and footwear brand Jack Wolfskin is to enter the Iberia markets of Spain, Portugal and Andorra for the first time, via a distribution agreement with The Brand Labs sales agency. Based in Barcelona, The Brands Lab represents high-end outdoor and cycling brands in the region. Beginning May ...
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News briefsStio raises $20 million in capital
US mountain lifestyle brand Stio has raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach, according to SGB. Led by Lagi Innovation Fund, the debt-equity raise comes as the mountain town brand announced it ...
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News briefsJohnson Outdoors reports mixed Q2 results
Johnson Outdoors, benefitting from sales and profitability improvement in its fishing and diving segments, generated an improved gross margin, higher revenues, and a 50 percent increase in net income for the period that ended March 31. But a 20 percent rise in Q2 operating expenses to $63.9 million contributed to ...
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News briefsLenzing remains confident despite bumpy first quarter
Austrian-based Lenzing Group’s Q1 2023 sales rose slightly by 1.3 percent year-on-year to €623.1m, primarily due to higher pulp sales, while fiber sales declined, the company said. Ebitda declined 66.2 percent year-on-year to €29.7 million in the first quarter, net income was €-64.9 million (compared to €34.1 million in Q1 ...
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ArticleVista Outdoor posts Q4 loss, 83 percent decline in FY operating income
Vista Outdoor, which owns 41 sporting, outdoor and action sports brands, reported a Q4 operating loss of $292.4 million and an Ebit loss of $311.8 million as the group’s outdoor products segment continued to navigate market uncertainty and retail inventory challenges. The company recorded a goodwill impairment and trademarks amounting ...
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ArticleCoDi lifts FY outlook, but cautious on Q2
Compass Diversified (CoDi) anticipates a “significant snapback” in revenue growth and profitability within key businesses once a current industry inventory destocking cycle ends. The group’s current Q2 forecast is both cautious and conservative despite its decision to lift its FY23 adjusted earnings range to $110 to $135 million and consolidated ...
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News briefsSolo Brands turns Q1 profit, maintains FY guidance
Solo Brands reported a $933,000 net profit against a loss of $2.01 million for Q1 ended March 31. Operating income was $3.2 million against a loss of $3.2 million. Quarterly revenues for the parent of Oru Kayak, Isle paddleboards, Chubbies apparel and Solo Stoves rose by 7.3 percent to $88,207,000 ...
