All Hiking & Trekking articles – Page 96
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News briefsCoDi completes sale of Liberty Safe
Compass Diversified (CoDi), owner of various brands, including thriving Boa Fit technology since October 2020, today announced that it has completed the sale of its majority-owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc. to an affiliate of Monomoy Capital Partners. The Westport-based ...
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ArticleColumbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”
Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a loss ...
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News briefsPrana to officially reach plastic-free packaging goal this fall
Carlsbad-based company Prana, owned by Columbia Sportswear, announced that it will be 100 percent plastic-free in its packaging solutions. The brand had launched the Responsible Packaging Movement (RPM) a year ago, a program developed to support an industry-wide change to sustainable packaging options. For many years, Prana has already used ...
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ArticleAfter strong Q2, Wolverine again raises full-year outlook
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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ArticleCoDi sees “explosive” growth at Boa Technology
Compass Diversified (CoDi) highlighted the “explosive” growth of the recently acquired Boa Technology in its second quarter ended June 30, cautioning that the brand’s expansion is likely to slow in the second half of the year. Boa, which owns the Boa Fit System for shoe fastening, was acquired by CoDi ...
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News briefsKlean Kanteen moves to recycled stainless steel
California-based company Klean Kanteen, the provider of drinkware and food solutions, has announced the use of recycled stainless steel in its TKWide and Straw collections beginning with its 2022 product offering and plans to expand the program to 95 percent recycled steel by 2023. The share of ...
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News briefsFirst “She is Outdoors” gear awards winners
Picking the best from 37 products from 28 brands in five categories, the #sheisoutdoors awards were given to Devold, Exped, Pyua, Norrøna, Wechsel, The North Face and Salomon. The first dedicated women’s outdoor gear award, initiated by Munich-based outdoor enthusiasts Jana Erb and Miriam Mayer of Kontrapixel, was chosen by ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenue for the three months more than doubled to $2,194 million, compared with ...
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News briefsRab to offer professional wash service for its Gore-Tex outerwear
British outdoor brand Rab, part of Equip Outdoor Technologies Ltd, has announced the launch of its specialist Gore-Tex Shell Wash Service. This new service, offered by the Rab Service Center, is available to end-users and retailers. Expert washing, drying and waterproofing of all Rab Gore-Tex waterproof garments by the service ...
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News briefs
Izas Outdoor opens its first store outside of Spain
Izas Outdoor, a Spanish outerwear specialist headquartered in Zaragoza, has opened a pop-up store in Chamonix, France. It is the company’s first store outside of Spain. The 180-sqm pop-up will be in place until the end of October. Izas Outdoor has also recently inaugurated a new store in Bilbao, in ...
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ArticleVista aims higher as ammo sales fire Q1 earnings
U.S.-based Vista Outdoor has posted better-than-expected first-quarter sales on the back of continued soaring demand for ammunition and outdoor products. Sales for the three months to June 27 rose 38 percent to $663 million over the same period last year against company forecasts of $600m - $620m. Chief executive Chris ...
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ArticleDeckers Brands posts Q1 sales growth, raises FY22 outlook
Deckers Brands reported a first-quarter revenue increase of 78.2 percent to $504.7 million, while the company’s earnings per share increased to $1.71 compared to basic loss per share of $0.28 for the same period last year. The company has raised its full-year fiscal 2022 outlook and now expects earnings per ...
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News briefsColumbia publishes sustainability report for 2020
In its 2020 sustainability report, Portland-based Columbia Sportswear Company (CSC) reveals details on the success made within its four brands Columbia, Mountain Hardwear, Sorel and Prana in terms of CSR topics and sustainability. The group responded to the challenges by Covid-19 with a “Catastrophic Paid Leave” in the U.S. and ...
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ArticleCalida Group posts H1 sales growth of 30.2 percent
For the first half period of 2021, Calida Group reported a 30.2 percent increase in sales to CHF 153.9 million (€142.8m-$169.3m) in currency-adjusted terms, which beat the pre-pandemic levels. The company said in a release that Millet Mountain Group, with net sales proceeds of CHF 37.2 million (€34.5m-$40.9m) and a ...
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ArticleOrthoLite pushes for zero waste in insoles
U.S. insole specialist OrthoLite, a supplier for over 350 footwear brands worldwide, has announced a widespread zero waste initiative to reduce the environmental impact of its products that are used in roughly 500 million pairs of shoes every year. The company’s commitment includes investment in a proprietary manufacturing system that ...
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ArticleEDM Interview Series #03-2021: Artilect
In part 3 of EDM’s new Interview Series, we spoke with Trent Bush, founder and Co-CEO of Artilect.
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ArticleSmartwool strengthens sales and e-commerce
Source: Smartwool Jennifer McLaren, CEO Smartwool The CEO of Denver-based merino specialist Smartwool, Jennifer McLaren, has named two new executives for the brand’s sales and e-commerce departments. Corey Stecker, previously international general manager of sales and marketing, was promoted to global head of sales. Stecker has been ...
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News briefsSoftware specialist iFIT acquires endurance experience company 29029
Utah-based company iFIT, a global brand for connected fitness software, content and exercise equipment (including the brands NordicTrack, ProForm and Freemotion), active in 120 countries, has acquired 29029, a company offering endurance hiking events. The acquisition delivers a new endurance athlete segment to iFIT’s community of over six million members ...
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News briefs
Outback 97 funds university scholarships to study the mountains
Outback 97, a Bergamo-based outdoor equipment distributor, is offering four scholarships worth €1,200 each to attend a new postgraduate module focused on the value of mountain heritage, in collaboration with the University of Bergamo and the local chapter of the Italian Alpine Club (CAI). The funding from Outback 97 fully ...
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ArticleFenix’ Q2 sales up, but sluggish German performance weighs on overall result
Fenix Outdoor International said it was still experiencing Covid pandemic-related difficulties in the second quarter with delayed re-openings of the German and Benelux markets affecting the business. The company said the impact was unexpectedly felt more in its Brands operations than the retail division as “a lot of retail customers ...
