Latest News & Analysis – Page 104
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ArticleShimano’s bike sales drop 17% in Q1, revises annual forecast
When Shimano Inc. presented its 2022 annual report in February with record sales and profits, the company simultaneously warned of a challenging 2023, forecasting a 20-percent drop in sales. Looking at the first quarterly figures just presented, it can be said that the Japanese company was not so wrong with ...
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ArticleMips’ weak bicycle business impacts overall result in Q1 2023
In the first sales quarter of 2023, the slump in the bicycle business, which was already noticeable last year, and the associated high inventory levels at retail continued noticeably for “Brain Protection System” (BPS) manufacturer Mips AB. This ultimately resulted in net sales of SEK 88 million (€7.7m). In the ...
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ArticleDyStar to close German plant, lays off employees
Singapore-based specialty chemicals company DyStar has announced plans to “restructure” its plant in Ludwigshafen, Germany, in response to changing business conditions and market changes. The plant, inherited from the company’s founders, who started indigo research and production more than 125 years ago, has been an integral part of DyStar’s global ...
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ArticleSales procedure initiated for insolvent Bikesale Solutions
The insolvent refurbishment and new bicycle marketplace www.bikesale.de is up for sale. Bikesales Solutions GmbH – the company behind “the first professional online bicycle marketplace for used bicycles in Germany” – was forced to file for insolvency with the competent district court in Munich on March 29. The appointed insolvency ...
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ArticleNaturkompaniet donates €327,000 to biodiversity projects
Outdoor retail chain Naturkompaniet, part of Fenix Outdoor and operating 42 outdoor stores in Sweden and Norway, has announced the winners of its 2023 “Naturbonus” (Swedish for “nature bonus”). This year, the funds go to four organizations, all of which protect biodiversity in Sweden. Together, they will receive SEK 3.7 ...
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ArticleAlpkit opens tenth store
British B-Corp Alpkit opened its tenth and northernmost store at Ledge Climbing Gym in Inverness on April 15. Alpkit, a digital-focused brand founded in 2004, creates community hubs in outdoor activity hotspots such as the Lake District, Peak District and Snowdonia. Alpkit currently has nine other stores in the U.K., ...
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ArticleFenix posts record Q1 sales but sees uncertain Q2 amid high inventories
Fenix Outdoor International reported sales of €180.0 million in the first quarter of 2023, a new record for the first three months of the year and up from €165.2 million for the year earlier, although margins remained under pressure amid inflation. Ebitda inched up to €31.2 million from €30.8 million ...
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ArticleUTMB World Series announces new pregnancy policy to support mother and their partners
UTMB World Series has announced the introduction of a new pregnancy policy that will apply to its events in the 2023 season. The policy includes deferral and priority entry guidelines for athletes who are pregnant, athletes with a partner who is pregnant, and athletes who are adopting or birthing via ...
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ArticleStepping up to the plate: How the outdoor industry is taking responsibility seriously
Our functional fabric expert Charles Ross is convinced that even though incoming legislation like the EU Green Deal and Prop 65 and the forthcoming New York Fashion Sustainability and Social Accountability Act in the U.S. are forcing many changes in how the Outdoor Industry conducts business, there is also a ...
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ArticleAdvanced Sports enters self-administration process
On April 1, Advanced Sports GmbH, the European sales company for the U.S. bicycle brands Breezer, Fuji and SE Bikes, had to file for insolvency in self-administration. Attorney Erion Metoja of the law firm Eisner Rechtsanwälte GmbH in Lauda-Königshofen was appointed as the administrator. During the reorganization proceedings in self-administration, ...
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ArticleOutdoor brands top desirable resale items in latest report
U.S.-based ThredUp, an online resale service provider and platform for women’s and kids’ apparel, has released its eleventh annual Resale Report. The report examines the current market as well as the expected value of the sector. Although based on American consumers, it is expected similar figures would apply in Europe, ...
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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ArticlePon Holdings cracks €10 billion in 2022
For the first time in the history of the family-run mobility company, Pon Holdings B.V. cracked the €10 billion sales mark last year. The Dutch company attributes this to the growth boom in sales of e-cars, e-bikes and e-equipment. The Pon.Bike division (brands Cervélo, Focus, Gazelle, Kalkhoff, Santa Cruz, Union, ...
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ArticleTimberland, Vans, TNF to feature ReGen-sourced rubber
VF Corp’s pilot project with Terra Genesis for the industry’s first proven regenerative rubber supply system gets off the ground.
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ArticlePrimaLoft launches insulation made from Ocean Bound Plastic, Helly Hansen and Isbjörn first to feature
Source: Helly Hansen Helly Hansen Arctic Short Jacket with PrimaLoft Insulation with Ocean Bound Plastic As part of its Relentlessly Responsible™ mission, PrimaLoft Inc. has introduced new insulation made from 100 percent post-consumer recycled material, with 60 percent of the recycled material being Ocean Bound Plastic, sourced ...
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ArticleVF Foundation provides grants of over $8m to community partners worldwide
The VF Foundation, the philanthropic arm of VF Corp., has released its third Impact Report, titled “Seeding change, growing impact.” It highlights the positive impact of the foundation’s work on the lives of more than three million people in 93 countries during its latest fiscal year. Between April 4, 2021, ...
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ArticleAustrian bicycle market 2022 with new highs in units and value
According to the latest figures from ARGE Fahrrad, which is affiliated with the VSSÖ, the Austrian bicycle market will once again reach a peak in 2022 in terms of both sales and revenue.
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ArticleStefan Pierer now also heading Leoni AG
Shareholder Stefan Pierer wants to take over Leoni AG, the struggling supplier of wire, cable and wiring systems, and delist it. There are many signs that Leoni will then be incorporated into Pierer Industrie AG based in Welz, Austria.
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ArticleMatthias Gebhard: “We repeatedly achieve constantly better results through micro-optimization”
For the Bergfreunde co-CEO, there’s no magic formula, but there are certainly some key strategies. Matthias Gebhard shares his best with us.
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ArticleVF reshuffles management of Emerging Brands
With immediate effect, Denver-based VF Corp has announced executive changes at four of its emerging brands. Dalhausser: From Altra to Dickies Todd Dalhausser has been named global brand president of Dickies. He will report to VF’s interim president & CEO Benno Dorer and will be part of VF’s executive leadership ...
