All General Outdoor articles – Page 248
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ArticleColumbia lowers FY sales outlook, raises earnings forecast as Q3 sales miss
Columbia Sportswear has lowered its sales outlook for the year but raised earnings forecasts, despite weaker than expected third-quarter revenue due to supply-chain issues. Sales for the quarter rose to $804.7 million from $701.1 million a year earlier and against forecasts of $862 million. Net income beat expectations at $100.6 ...
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News briefsPatagonia continues to boycott Facebook advertising
You may recall that in June 2020, Patagonia joined other companies and retailers in shutting down all paid advertising on Facebook due to alleged hate speech and misinformation about civil rights issues, democracy and climate action. Patagonia’s boycott continues 16 months later, and while the company acknowledges that the decision ...
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ArticleFenix says Germany recovery underway but warns of supply-chain issues
Fenix Outdoor has reported a rise in third-quarter sales and earnings but warned that global supply chain issues and Covid outbreaks in some of its manufacturing locations were still posing problems. The company also said it aimed to manufacture up to 20 percent of its own products by acquiring or ...
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News briefsMichael Jakob hired as Deuter head of international sales
Source: Deuter Michael Jakob After leaving PrimaLoft in June 2020 after more than six years as VP of business development Europe, Michael Jakob – as the company has just officially announced – has taken over the position of head of international sales at Deuter in Gersthofen, Germany, ...
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News briefsNew Hervis Sports shop in Bischofshofen, Austria
Hervis Sports has opened a new door in Bischofshofen, Austria. The 800-square-meter shop is located in a shopping center and equipped with click-and-collect options as well as service features like a 3-D foot analysis and insole configuration point. The new store is built with the latest Hervis POP system and ...
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News briefsSolo Brands announces IPO pricing
Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, today announced the pricing of its initial public offering of 12,903,225 shares of its Class A common stock at a price to the public of $17.00 per share. In addition, the company has granted ...
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News briefsLenzing gets confirmation of its fibers‘ biodegradability by marine institute
Source: Scripps Lenzing Group, the Austria-based provider of branded ingredients Tencel, Lenzing Ecovero and Veocel, has just received new scientific proof of its product’s biodegradability. Results of experiments conducted by the University of California’s Scripps Institution of Oceanography (SIO) in San Diego published in October confirmed that ...
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News briefsWeSports continues shopping spree
Following its recent acquisition of Finnish water sports equipment supplier Finwake in September, WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has completed another acquisition, this time of retailer Pölder Sport AB. Founded in 1990, Pölder Sport ...
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ArticleGfK reports mixed consumer sentiments in October survey for Germany
In its latest study conducted among 2,000 Germans, GfK reports a mixed picture of consumer sentiment in October. The propensity to buy increased again, while economic and income expectations declined. As the propensity to save is also falling noticeably, GfK forecasts a consumer climate of 0.9 points ...
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ArticleHeiQ unveils high-performance cellulose yarn derived from carbon-negative materials
Swiss ingredients brand HeiQ unveiled what it calls a potential game-changer for the textile industry on Oct. 26 in a digital presentation. HeiQ AeoniQ is a high-performance cellulose yarn derived from a wide range of natural, carbon-negative sources, including wood pulp and algae. The new fiber is currently advancing to ...
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News briefsTextile Exchange and TextileGenesis pilot new industry tracking program
After a year of collaborative development, nonprofit organization Textile Exchange and traceability platform TextileGenesis are piloting a new industry tracking program called eTrackit. The new digital system for granular traceability creates material accounting of certified materials at the article level across the supply chain, enabling peer-to-peer validation and leveraging third-party ...
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ArticleVF releases sustainability and responsibility report “Made for Change”
Focusing on the three areas ”people, planet and product”, VF Corp., with its group of brands, has just released its fourth sustainability and responsibility report, titled ”Made for Change.“ Highlights of the report include: People: In FY2020, roughly 290,000 people were supported via VF’s worker and community development program. ...
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News briefsAcquisition of Igloo completed
On Sept. 17, Swedish company Dometic announced that it has entered into an agreement to acquire Igloo, the Texas-based manufacturer of passive coolers and drinkware for the outdoor market, from private equity group ACON Investments. The closing of the transaction was subject to certain regulatory approvals, which have now been ...
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News briefsVF appoints new VP investor relations
Source: VF Corp Allegra Perry VF Corp. has appointed Allegra Perry to the position of vice president, investor relations, effective Jan. 2022. She will report to VF’s chief financial officer, Matt Puckett, and work closely with the group’s executive leadership team and executives across the company’s 12 ...
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News briefs
3M defies supply chain issues, raises guidance moderately
Announcing results for its Q3 2021 ended Sept. 30, U.S.-based conglomerate corporation 3M said sales increased 7.1 percent year-over-year to $8.9 billion. Total sales increased 8.1 percent in consumer products, 7.2 percent in safety and industrial, 5.8 percent in transportation and electronics and 4.1 percent in healthcare. On a geographic ...
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News briefs
Dakine with new distribution for Germany, Austria
Dakine, founded in Hawaii in 1979 and headquartered in Oregon, has been working exclusively with Stuttgart-based Trade Art Distribution GmbH as its sales partner for Germany/Austria since Oct. 1, 2021. The agency is led by long-time business professionals, managing directors Hardy Tunnissen and Heiko Grelle, supported by new sales manager ...
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News briefsVista makes Investor’s Business Daily’s top 100 ESG list
Vista Outdoor is ranked 39th on Investor’s Business Daily’s 2021 Best ESG Companies list, which recognizes the top 100 companies with outstanding Environmental, Social and Governance (ESG) ratings in addition to strong fundamentals and technical stock performance. This is the first year Vista Outdoor has made the list. From the ...
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ArticleUnifi with strong Q1
Unifi, Inc., a U.S.-based producer of recycled and synthetic yarns, released operating results for the first fiscal quarter that ended Sept. 26. Net sales were $196.0 million, an increase of 38.5 percent from the first quarter of fiscal 2021 and an increase of 6.3 percent from the last Q4 (2021). ...
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News briefs„She is Outdoors“ gear awards application for winter product closing soon
Innovative outdoor products are being sought for the second edition of the #sheisoutdoors gear awards – the first winter version of the awards given to designated women’s gear. The jury will judge the products in seven categories: outdoor professionals and expedition, camping, hardware, footwear, apparel, snow sports and girls, with ...
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News briefs
Columbia Sportswear appoints VP Investor Relations
Portland, Oregon-based Columbia Sportswear Company, which owns the Columbia, Mountain Hardwear, Sorel and prAna brands, has promoted Andrew Burns to vice president of strategic planning and investor relations. Burns has been with Columbia for more than three years leading the investor relations program. Prior to that, he spent more than ...
