Latest News & Analysis – Page 113
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ArticleBike24's impressive sales growth in new markets cushions rising costs
Despite all the current macroeconomic challenges, Bike24 Holding AG, the online retailer of bicycles, running and swimming sports, achieved total sales of €72.62 million in the third quarter of fiscal year 2022. Compared to Q3 2021, this is an increase of 12.9 percent. However, both gross profit (€18m, down 8.3 ...
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ArticleISPO Munich: Focus on Sportsfashion in Hall B1
Sports fashion is diverse, colorful, innovative, and inclusive. The Sportsfashion Hall B1 at ISPO Munich proudly displays this.
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ArticleOutdoor Retailer Snow Show to feature new on-snow summit
Outdoor Retailer (OR) will host its first-ever on-mountain winter experience and industry day in January alongside the Outdoor Retailer Snow Show in Salt Lake City, Utah. “The Summit by OR” will take place on Monday, Jan. 9, 2023, at Brighton Resort and Solitude Nordic & Snowshoe Center and will feature ...
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ArticleSolo Brands lowers revenue forecasts in response to “unpredictable demand”
Solo Brands has lowered its full-year revenue guidance in response to increasingly unpredictable consumer demand amid a tougher economic outlook going into the holiday season. The owner of four lifestyle brands has managed to narrow losses in the third quarter as it reported a 47 percent increase in sales to ...
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ArticleYakima with new global organizational structure
Yakima, a manufacturer of transportation and equipment management solutions headquartered in Oregon, USA, has announced that Ryan Martin, current CEO of the Americas region, will expand his responsibilities to also drive strategic direction and growth in Australasia (Australia, New Zealand and the adjacent Pacific Islands) and EMEA (Europe, Middle East ...
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ArticleWolverine lowers FY forecast again, unveils brand reorganization
Wolverine World Wide Inc. again lowered its full-year outlook after continuing supply chain constraints, increased promotional activity and deteriorating economic conditions weighed on third-quarter results, which came in below expectations. The company also announced a long-awaited reorganization of its brands to help cut costs and expand margins. Full-year revenue is ...
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ArticleFirst-ever WBIA Global Market Report soon available
At its virtual general assembly this year, the World Bicycle Industry Association (WBIA), which was founded in 2019, discussed numerous industry and market developments on a global level. The latest news is that a first-ever comprehensive WBIA Global Market Report will be published soon. WBIA members include CONEBI, the umbrella ...
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ArticleClarus misses sales, earnings targets on currency effects, freight costs
Clarus Corp. reported an operating income of $6.1 million against a loss of $282,000 in the third quarter despite missing revenue and earnings per share projections. In reporting a 39 percent decline in net profit to $2.75 million from $4.53 million, the group said higher freight costs lowered its profitability ...
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ArticleItalmobiliare announces new Sidi CEO after takeover
Source: Sidi Sport Davide Rossetti, CEO Sidi Sport With domestic investment holding company Italmobiliare Holding S.p.A. (we reported in July) set to complete the acquisition of Italian cycling and motorcycle footwear icon Sidi Sport S.r.l. in the current fourth quarter of 2022 “at an enterprise value of ...
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ArticleEU Strategy for Sustainable and Circular Textiles: Everything you need to know
The European Commission is changing the rules of the game for players in the textile sector. Are you ready?
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ArticleRVRC experiences improving trends in September
RevolutionRace (RVRC), the Swedish outdoor DTC company, which installed Paul Fischbein as its permanent CEO Oct. 7 following the mid-August resignation of founder and former CEO Pernilla Nyrensten, reported a 31 percent drop in first quarter operating income to 49.8 million Swedish kronor (€4.7m) from SEK 72.7 million. Net profit ...
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ArticleAnne-Laure Descours: “We’re committed to making it better”
Puma’s Anne-Laure Descours is honest and optimistic about what needs to change. Read her interview on circularity in the apparel business.
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ArticleCompass Diversified with record quarter
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) fell 25 percent to $15.3 million from $20.3 million for the period ended Sept. 30. Total sales from the five companies rose 16 ...
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ArticleFenix sees 13% sales gain in Q3 as Hanwag capitalizes on moving production to Europe
Fenix Outdoor International reported sales of €224.2 million in the third quarter of 2022, up by 13 percent on the year earlier, when its results were less affected by the Covid-19 pandemic than in the first two quarters of 2021. The star performer in the quarter was the footwear brand ...
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ArticleRepairs: Old knowledge and future challenges
Regulations for the right to repair are underway. Although challenging, can these be a positive for brands, consumers, and the environment?
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ArticleCircular design thinking: Design beats disposal
What can replace a business-centered design approach, with repairable products that last longer, are recyclable and still create value?
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ArticleInvesting in Circularity: Could a better definition drive investments?
Is investing in circularity worth the risk? In part 4 of our “Investing in Circularity” series, Amy Rauen has some surprising answers.
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ArticleInvesting in circularity: Where is the money going and why?
For anyone interested in investing in circularity, we get to the heart of the matter: who is investing, and what are they investing in?
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ArticleInvesting in circularity: What about the ROI?
In part three of her series, Amy Rauen tells us why brands shouldn’t worry about ROI when it comes to embracing a circular economy model.
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ArticleFabian Nendza: “We see ourselves as pioneers”
Can a retailer play a role in the circular economy? Through customer dialog and guidance, Globetrotter aims to do just that.
