All General Outdoor articles – Page 127
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ArticleGarmin maintains FY23 outlook
Garmin, which generated an 85 percent increase in Q1 free cash flow to nearly $232.4 million and paid a quarterly dividend approaching $140 million, is standing by its FY23 financial guidance that calls for approximate revenues of $5.0 billion and pro forma EPS of $5.15 a share. In Q1, ...
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ArticleRocky Brands posts gross margin improvement despite loss
Helped by product price increases in 2022 and lower logistics costs, Rocky Brands improved its Q1 gross margin by 200 basis points to 39.6 percent. But the Georgia Boot parent reported a 69 percent decline in operating income to $4,155,000 against $13,197,000 for the period ended March 31. The Q1 ...
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ArticleClarus experiences strong Black Diamond demand in Europe
Hampered by a difficult year-over-year comparison in its Adventure segment and promotional activity in the North American region, Clarus Corp. reported a 42 percent decline in Q1 operating income to $4.69 million from $8.1 million. Net income was down by 69.9 percent to $1.6 million from $5.3 million for the ...
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ArticlePrimus acquisition completed, new company Primus-Silva AB in operation
Silva Sweden AB has acquired 100 percent of the shares in Primus AB from Fenix Outdoor AB. The transaction closed on April 28, 2023, after the acquisition became official on Dec. 7, 2022. Since then, Primus, Silva and Fenix have worked to complete all operational transitions, including business systems, internet, ...
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News briefsLenzing accelerates energy transition by purchasing biomass power plant
Austrian fiber producer Lenzing signed a contract to acquire the 43 MW biomass power plant of Energie 42 Beteiligungs GmbH in the Heiligenkreuz business park. The transaction is subject to regulatory approvals in particular and is expected to be completed in the second quarter of 2023. The strategic investment will ...
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News briefsSwedish sports retail sales fall 0.6 percent in Q1 2023
According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in Swedish sports retail fell 0.6 percent in the first quarter of 2023. This is the fifth consecutive quarter of negative development in the sports retail sector. In the ...
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News briefsSalomon opens flagship store in Annecy
Salomon has opened a new brand store in Annecy, a city in the French Alps close to the Swiss border, where the brand was born in 1947. The new store is just a few steps from the brand’s Annecy Design Center, where every Salomon product is designed, developed and prototyped. ...
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ArticleThule delivers improved Ebit margin despite lower sales
Thule Group, bolstered by Summer 2022 price increases, lower freight costs and reduced selling expenses, generated a 17.2 percent Ebit margin in Q1 ended March 31, despite a 26.6 percent drop in net sales to 2,226 million Swedish kroner (€198.8m) compared to SEK 3,034 million. Period operating income declined by ...
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News briefsBear Grylls partners with Jack Wolfskin
Source: Jack Wolfskin Bear Grylls German outdoor brand Jack Wolfskin has announced a new apparel partnership with British TV adventurer, author, and charitable campaigner Bear Grylls. Grylls joins the Jack Wolfskin Discovery Team of explorers, researchers, educators and creatives. The partnership will be used to highlight the ...
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News briefsNew marketing director at Sport Conrad
Source: Sport Conrad Christian Wander German mountain sports multichannel retailer Sport Conrad has appointed Christian Wander to the position of marketing director, effective April 17. Wander succeeds Florian Linder, who is moving internally to bike, snowboard and protection buying, and has many years of professional experience in ...
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News briefsNew sales director DACH at Fristads
Source: Fristads Andreas Bühner Effective May 1, Andreas Bühner will be the new sales director DACH at Fristads, a Swedish workwear manufacturer that also expanded into the outdoor segment in 2020. The sales expert has already been part of the Fristads team since 2019 as area sales ...
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News briefsTrekmates launches fully weatherproof hijab/niqab
Source: Trekmates Weatherproof hijab and niqab British outdoor brand Trekmates has worked closely with Amira Patel, the founder of The Wanderlust Women, a group offering a safe space for Muslim women outdoors, to create a fully weatherproof hijab & niqab. Together, they carefully selected technical materials to ...
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News briefsHuntsman implements mass balance concept at Swiss site
Huntsman announced that its manufacturing site in Monthey, Switzerland, has implemented a mass balance concept and received REDcert2 certification. The certification covers the production of epoxy resin products used in a variety of consumer and industrial markets. Mass balance refers to the mixing of fossil fuels and renewable or recycled ...
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ArticleMips’ weak bicycle business impacts overall result in Q1 2023
In the first sales quarter of 2023, the slump in the bicycle business, which was already noticeable last year, and the associated high inventory levels at retail continued noticeably for “Brain Protection System” (BPS) manufacturer Mips AB. This ultimately resulted in net sales of SEK 88 million (€7.7m). In the ...
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ArticleDyStar to close German plant, lays off employees
Singapore-based specialty chemicals company DyStar has announced plans to “restructure” its plant in Ludwigshafen, Germany, in response to changing business conditions and market changes. The plant, inherited from the company’s founders, who started indigo research and production more than 125 years ago, has been an integral part of DyStar’s global ...
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ArticleNaturkompaniet donates €327,000 to biodiversity projects
Outdoor retail chain Naturkompaniet, part of Fenix Outdoor and operating 42 outdoor stores in Sweden and Norway, has announced the winners of its 2023 “Naturbonus” (Swedish for “nature bonus”). This year, the funds go to four organizations, all of which protect biodiversity in Sweden. Together, they will receive SEK 3.7 ...
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ArticleFenix posts record Q1 sales but sees uncertain Q2 amid high inventories
Fenix Outdoor International reported sales of €180.0 million in the first quarter of 2023, a new record for the first three months of the year and up from €165.2 million for the year earlier, although margins remained under pressure amid inflation. Ebitda inched up to €31.2 million from €30.8 million ...
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News briefsSpinnova appoints interim CEO
According to media reports, Spinnova CEO Kim Poulsen resigned from his position effective April 21, 2023. The Finnish producer of sustainable fibers’ board of directors has appointed CFO Ben Selby, CFO since March 2021 and a member of Spinnova’s management team, as interim CEO. The search for a new permanent ...
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News briefsOeko-Tex launches organic cotton certification
Certification agency Oeko-Tex has launched a comprehensive testing and certification system for organic cotton products. The agency has been testing and certifying organic cotton for more than 30 years since the launch of Oeko-Tex Standard 10, but as the use of organic cotton in fashion and textiles has increased, there ...
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ArticleStepping up to the plate: How the outdoor industry is taking responsibility seriously
Our functional fabric expert Charles Ross is convinced that even though incoming legislation like the EU Green Deal and Prop 65 and the forthcoming New York Fashion Sustainability and Social Accountability Act in the U.S. are forcing many changes in how the Outdoor Industry conducts business, there is also a ...
