General Outdoor – Page 93
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ArticleCoDi with strong growth in Boa and PrimaLoft sales amid inventory recovery
Compass Diversified’s branded consumer brands saw significant revenue growth in Q2, driven by destocking recovery and strong European performance, despite setbacks from the Crosman airgun company divestiture in April.
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OpinionThe churn is the concern. Is the answer as simple as this?
My most frequently asked opinion around the textile industry is what to do as individual consumers want to reduce their footprint. Their real question is which brand is best to patronize if something new has to be bought. This is a valid question, as without profit coming into the industry, ...
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ArticleEuropean Week of Sport: IGOT, OUTO, FESI and EOG team up to repurpose unused equipment
As part of the European Week of Sport 2024 (Sept. 23-20), the It’s Great Out There Coalition, Opening Up The Outdoors, FESI and EOG are calling for companies to donate products to be handed out to clubs.
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ArticleUS Outdoor Industry Association releases 2024 Benchmarking Report
The report shows that the typical company had sales of $9.70 million and a pre-tax profit of 11.9%. The typical high-profit company’s revenue was approximately $6.77 million, profit 18.5%.
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ArticleGarmin adjusts FY guidance
Sales in the Outdoor segment fell by almost 2 percent due to lower sales of its adventure watches, but Garmin still achieved overall operating income growth of 20 percent with a 14 percent total revenue expansion.
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ArticleEarth Overshoot Day 2024: Yet another day earlier
In 2024, humanity’s demand for ecological resources and services will already exceed what the earth can regenerate on Aug. 1. This early date underlines the growing urgency to change our unsustainable consumer behavior.
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News briefsRocky Brands lifts Q2 operating income
The Ohio-based maker of outdoor and work footwear, apparel and accessories improved its Q2 operating income by 104 percent thanks to a more diversified portfolio and cost-saving initiatives.
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News briefsCarbios partners with Nouvelle Fibres Textiles on PET biorecycling project
The French companies have joined forces to tackle the problem of polyester textile product waste.
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ArticleVista to review strategic alternatives, shareholder meeting postponed
The Board of Directors of Vista Outdoor wants to examine strategic alternatives for the future of Revelyst and The Konetic Group – and is postponing the shareholders’ meeting once again.
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Article4 Sustaining Members celebrate 10 years with EOCA
EOG, Keen, Nikwax and Pertex have maintained their Sustaining Membership with the European Outdoor Conservation Association for the last 10 years.
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News briefsScott USA has as new COO
Scott Sports’ US subsidiary has appointed Jake Dudek, formerly VP of Commercial Operations at Signa Sports United, as the company’s new Chief Operating Officer.
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ArticleUS non-profit Camber Outdoors shuts down operations
The organization, founded in 1996 to support outdoor industry partners in implementing best practices in DEI in the workplace, will discontinue operations in August 2024.
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ArticleNewell Brands eyes sequential improvement in H2
Newell Brands confirmed that its Outdoor & Recreation business, including the brands Marmot, Coleman, Contigo and Campingaz, remains its weakest operating segment and is forecasting improving H2 trends for the unit. “The Outdoor & Rec business is the segment that requires the most amount of turnaround at this point,” ...
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ArticleTwo years of the Traceability Program: Tatonka believes in transparency
Since June 2022, the German family business has been disclosing all suppliers, manufacturing steps and transport routes of its products in detail.
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News briefsStrava appoints new General Counsel
Former Allbirds General Counsel Daniel Li brings extensive legal experience and has led two IPOs.
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ArticleUSA: PFAS regulations pose challenges for industry brands
The rapidly evolving regulatory landscape surrounding per- and poly-fluoroalkyl substances (PFAS) presents significant challenges for industry brands. Experts from Buchalter law firm and Exponent, a science and engineering consulting firm, highlighted these issues during the US Sports and Fitness Industry Association’s (SFIA) “Navigating PFAS Regulations” webinar on July 18. According ...
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ArticleSwedish sports retail sees 2.5% decline in Q2 sales, bicycle sales on the rise
While Swedish sports retail in general has declined for the tenth consecutive quarter in Q2 of 2024, bicycle sales appear to be recovering, growing by an impressive 10% compared to the previous quarter.
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ArticleColumbia’s brand awareness rises in Europe despite Q2 loss
While performing better in important overseas markets than in North America, Columbia Sportswear maintains its full-year guidance despite a weak second quarter.
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News briefsGridiron Capital sells GSM Outdoors to Platinum Equity
The Connecticut-based investment firm announced the signing of a definitive agreement to sell its majority interest in GSM Outdoors to a California-based private equity firm.
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ArticlePolygiene making progress on turnaround
Polygiene turned an operating profit of 2.6 million Swedish kronor (€222,800) against a loss of SEK 4.0 million (€342,700) in Q2 ended June 30, as cost-cutting measures and strategic changes made last year began to take effect. The Swedish group’s quarterly revenues rose by 43 percent to SEK 36.4 million ...
