All General Outdoor articles – Page 17
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News briefsNew Wave's operating profit dips despite 5% sales growth
New Wave Group reported a 10.9 percent decline in Q3 net profit to 270.9 million Swedish kroner (€23.2m) from SEK 304.0m for the three months ended Sep. 30. Period operating profit declined by 4.2 percent to SEK 381.1 million (€32.6m) despite 5 percent revenue growth to SEK 2.34 billion (€199.8m) ...
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ArticleThredUp reports 21% sales increase in Q3
California-based online resale platform ThredUp Inc. reported a 21 percent year-over-year increase in revenue for its third quarter ended Sept. 30, 2023, reaching $82.0 million. Adjusted Ebitda loss was $3.6 million, or negative 4.4 percent of revenue, compared to $11 million, or negative 16.2 percent of revenue, in Q3 of ...
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ArticleSOG gains importance after the pandemic: “What we do generates interest”
Source: SOG David Nordblad In the wake of the pandemic, David Nordblad started in the role of Secretary General for the Scandinavian Outdoor Group (SOG). Since then, he has been occupied with various responsibilities, and he notes a sustained interest in joining the organization. In fact, SOG ...
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News briefsSolo Brands reiterates FY guidances; Q3 net bolstered by tax benefit
Solo Brands, helped by a nearly $6.2 million tax benefit, reported net income of $4.1 million versus a loss of $2.2 million in Q3 ended Sep. 30. The operating loss for the period improved by 60 percent to a loss of $1,325,000 versus $3,285,000 in the year-ago period. A mix ...
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ArticlePolartec announces Apex Award winners 2023
Polartec has announced the winners of the Polartec Apex Awards 2023. The annual design award recognizes brands and designers that embody Polartec’s Made To Go Beyond ethos. The winning garments – selected from hundreds of entries that improve the lives of those who wear them – embody ...
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News briefsPrimaLoft has a new president
Source: PrimaLoft Anne Cavassa, PrimaLoft President New York-based PrimaLoft, Inc. announced the appointment of Anne Cavassa as the company’s new President. Cavassa joins CEO Mike Joyce in a strategic move that reinforces PrimaLoft’s commitment to growth, innovation and sustainability. Cavassa most recently served as President of Saucony ...
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ArticleVSSÖ: Austria’s outdoor market remains stable
Despite the economic challenges in the 2022/2023 season, the Austrian outdoor industry was able to maintain its sales at a high level according to the latest market figures published by ARGE Outdoor (the specialized interest group of the Austrian outdoor sporting goods industry, which was founded in January 2023 and ...
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ArticleSSU: What has happened so far – and what may still come
In a joint statement, the two insolvency administrators appointed, Dr. Christian Gerloff from the Munich law firm Gerloff-Liebler Rechtsanwälte and Stefan Meyer from Ulm-based Pluta Rechtsanwalts GmbH, point out that the operational business of the two insolvent Signa Sports United (SSU) spin-offs Tennis-Point GmbH and Internetstores GmbH (alias Internetstores Group, ...
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News briefsThe Microfibre Consortium partners with James Heal on first public demonstration of fiber fragmentation test
The Microfibre Consortium (TMC) has teamed up with James Heal, the British specialist in the design and manufacture of precision testing solutions and support services within the global textile industry, to hold the first public demonstration of a test method for fiber fragmentation from fabric. The event took place during ...
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News briefsLenzing cuts 500 jobs
Lenzing plans to reduce global personnel costs by up to €30 million, or the equivalent of around 500 full-time jobs, by not filling positions that fall vacant due to retirements and natural attrition, as well as by job cuts. The move is part of a larger plan to achieve €100 ...
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News briefsCoDi’s large premium for Marucci will benefit the business
Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement. In Q3 ...
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News briefsPatagonia collaboration brings repairs to the UK
Patagonia has once again teamed up with United Repair Centre, to open a new repair center in London, handling its UK repairs business. The newly-opened location is also in collaboration with the social enterprise, Fashion-Enter. The UK-based center is the second of its kind, with a repair center opened in ...
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ArticleGarmin posts strong Q3 results
Bolstered by double-digit percentage growth in revenue, operating income and net income and record Q3 sales in four of five segments, Garmin reported a 12.9 percent increase in operating income to $270.4 million for the period ended Sept. 30 as net income came in 22.0 percent higher at $257.2 million ...
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ArticleVista Outdoor will prioritize debt reduction ahead of vote on Sporting Products divestiture
Vista Outdoor, which agreed in mid-October to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion, says it will continue to prioritize debt reduction ahead of a vote by shareholders to approve the sale. The company finished Q2 on Sept. 24 with ...
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ArticleArc’teryx announces partnership with Aluula Composites
Arc’teryx Equipment is partnering with composite materials manufacturer Aluula Composites to further develop Arc’teryx’s product offering using new and innovative ultra-lightweight fabrics. The two Canadian brands, based in North Vancouver and Victoria, BC, respectively, are committed to developing high-performance products for outdoor athletes and are culturally very similar. The Arc’teryx ...
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ArticleFreudenberg launches new thermal insulation products
Freudenberg Performance Materials, a provider of innovative technical solutions in the apparel industry, is launching two advanced thermal insulation products – Down Feel WA 150LB and Fiberball WB 400LB – made from low-level Bisphenol A (BPA) recycled PET fibers (rPET). The new products are part of the global range of ...
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News briefsChina aims to build €385bn outdoor sports industry by 2025
According to the government news agency Xinhua, China aims to develop outdoor sports into an industry worth 3 trillion yuan renminbi (€386 billion) by 2025, according to a government action plan released last week. The action plan, which covers the period from 2023 to 2025, aims to boost the construction ...
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News briefsSSU files for insolvency
Sports e-commerce company Signa Sports United (SSU), controlled by Austrian investor René Benko’s Signa Holding, has filed for insolvency. The Bielefeld District Court, where the application was filed, appointed Munich-based lawyer Christian Gerloff as insolvency administrator. The German business newspaper Handelsblatt was the first to report the insolvency filing, which ...
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News briefsNewell Brands reports quarterly loss for Outdoor & Rec business
The third quarter operating loss in Newell Brands’ Outdoor & Recreation segment, which includes Coleman and CampingGaz, was $42 million against a profit of $6 million for the three months ended Sept. 30. The results include a non-cash impairment charge of $22 million. The normalized operating loss was $7 million ...
