Latest News & Analysis – Page 126
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ArticleColumbia Sportswear posts double-digit sales gains in EMEA, U.S.
Columbia Sportswear’s first-quarter net income rose by 20 percent to $66.8 million as total sales increased by 22 percent to $761.5 million against $625.6 million for the period ended March 31. Operating income was down slightly at 11.0 percent versus 11.3 percent, while gross margin was off 170 basis points ...
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ArticleDometic sees Q1 sales jump 55% as M&A continues
Dometic generated sales of 7,518 million Swedish kronor (€727.0m) in the first quarter of 2022, up by 55 percent on the year earlier, as top-line growth continues to be underpinned by acquisitions. Organic growth at the Swedish specialist in mobile living products stood at 7 percent despite a challenging macroeconomic ...
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ArticleHelen of Troy sees Q1 boost from Hydro Flask, Osprey
Outdoor drinkware brand Hydro Flask led sales gains in the Home & Outdoor sales segment of El Paso, Texas-based consumer goods company Helen of Troy in the fourth quarter ended Feb. 28, with recently acquired backpack manufacturer Osprey Packs also boosting the segment’s topline. Sales in the Home & Outdoor ...
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ArticleFenix Outdoor sales rise 30 percent in first quarter
Fenix Outdoor International generated a 22 percent increase in first-quarter operating profit to €17.7 million on a 30 percent topline expansion to €165.2 million against €127.1 million. The outcome was negatively impacted by about €2 million in one-time additional transportation costs. But the strong results for the Fjällräven, Tierra, and ...
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ArticlePolygiene posts higher net sales in Q1, but sees decline in operating profit
Polygiene reported a rise in first-quarter sales, despite ongoing difficulties due to inflation, supply-chain constraints and the war in Ukraine. The Swedish firm reported net sales of 45.1 million Swedish kronor (€4.3m) for the three months to March 31, an increase of 7.5 percent compared to the same period last ...
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ArticleThredUp debuts Recommerce 100 report, sees rapid growth of brand’s resale programs
U.S.-based company ThredUP, a large online resale service provider and platform for women’s and kids’ apparel, shoes and accessories, has started a monthly index that tracks which brands and retailers have launched resale programs and monitors their potential impact on the planet. The monthly Recommerce 100 report, conducted by the ...
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ArticleNew coalition of Sustainable Apparel Coalition, Fair Wear and the Ethical Trading Initiative
Following the launch of the The Industry We Want (TIWW) project geared towards ensuring ethical pay for workers, thriving businesses along the supply chain and a positive impact on the planet, the three organizations Sustainable Apparel Coalition (SAC), Fair Wear Foundation and the Ethical Trading Initiative have joined forces to ...
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ArticleThule increases sales by 20% in Q1, maintaining margins
Thule Group saw growth across geographies and product lines in the first quarter of 2022, with sales rising by a reported 19.5 percent compared to the year-earlier to 3,034 million Swedish kronor (€291.7m). On a currency-adjusted basis, sales increased by 13.4 percent. Margins were resilient as price hikes and efficiency ...
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ArticleShimano maintains guidance as sales growth continues to slow
Shimano’s sales in the first quarter of 2022 increased by 13.9 percent compared to the year-earlier to 144,047 million yen (€1,061m), as the growth rate in revenues continued to slow but nonetheless remained strong in the face of supply chain disruptions and logistics difficulties. The company said it is on ...
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ArticleManagement team changes at Exped
With Hubi Rutishauser, international sales manager and board member, leaving the Zurich-based company Exped after 28 years, Eicke Thiele succeeds him on the company’s three-member executive board and was appointed director of marketing and sales, effective April 1. Thiele has already been with the company for the past six years ...
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ArticleHaglöfs' growth challenges its CSR goals
Swedish company Haglöfs faces a growth-related gap between its sustainability targets and reality. Last year, the company has set a climate goal to cut its carbon emissions by half within ten years. Thanks to the booming interest in outdoor activities in 2021, Haglöfs reports record sales and the most successful ...
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ArticleEarth Day 2022: “Invest in our planet”
The applause for the smartest Earth Day campaign certainly goes to Allbirds. At www.keeptheamazonprime.com, a “global e-commerce platform you can’t live without,” the shoe manufacturer promotes donations for the Amazon. Every donation is doubled by Allbirds. EOCA has also launched a fundraising campaign for Earth Day: “A number of EOCA ...
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ArticlePerformance Days in Munich and The Loop: The industry reunion on April 27-28
The specialized ingredient sourcing show Performance Days and its digital version The Loop are thoughtfully aligned with the sourcing schedules of the industry and give product designers and managers the chance to finally meet in person again. On April 27 and 28, the industry is offered the chance for face-to-face ...
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ArticleAlpkit receives growth funding, plans to launch footwear this summer
Nottingham-based outdoor brand Alpkit has received £2.7 million (€3.2m) in funding from HSBC UK, backed by UK Export Finance (UKEF), the U.K.’s export credit agency and a ministerial department of the UK government, to support its domestic and international growth. Alpkit said it will use the funds to buy more ...
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ArticleEOCA launches three-part Earth Day fundraising campaign
On this year’s Earth Day (April 22, 2022), the European Outdoor Conservation Association (EOCA) is once again hosting an online fundraiser, accompanied by activities initialized by its members and the non-profit Outdoor Gear For Good (OGFG). With the money raised through these three initiatives, EOCA supports a number of conservation ...
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ArticleOnline Brands Nordic completes acquisition of Nordic Kidswear and Isbjörn of Sweden
E-commerce specialist Online Brands Nordic AB has finalized the acquisition of Nordic Kidswear AB, which includes Isbjörn of Sweden, the sustainable Swedish outdoor children’s clothing brand, as previously announced in January. Founded in 2005 by Maria Frykman and Camilla Schmidt, Isbjörn of Sweden has an undisputed reputation for producing highly ...
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STeP by Oeko-Tex Research sees need for legislative action to improve workers' wages
Oeko-Tex has published a blog post about a new study conducted by Alva-Louisa Rose of the School of Textiles and Design at the Herriot-Watt University as her master’s thesis. The paper named “Guidance for sustainability standards on supporting decent pay in certified facilities - a STeP by Oeko-Tex case study” ...
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ArticleErem: Planting cacti for climate action
Erem, a Nevada-based company founded in 2021 that calls itself “the first outdoor brand focused on desert performance,” aims to bring the desert into our calculus of how to solve the planet’s biggest and most pressing problems. After all, 30 percent of the Earth’s landmass is desert, and 20 percent ...
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ArticleMerrell launches beta version of shoe advisor app to make shopping easier and reduce returns
Verifyt, a product of Boston-based company NetVirta, a developer of smartphone 3D body scanning technologies, is the fit-scanning technology used in the beta version of Merrell’s new Merrell Shoe Advisor™ mobile app, the industry’s first consumer app designed to ensure an accurate, personalized shoe fitting recommendation. Verifyt is said by ...
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ArticleChina aims for a quick increase of recycling capacities
In a document released by the National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology and the Ministry of Commerce, the Chinese government has revealed its plans for improved textile waste recycling facilities and increase the output of recycled fibers at the same time. According to ...
