All General Outdoor articles – Page 145
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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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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 ...
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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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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 ...
