Latest News & Analysis – Page 128
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ArticlePierer Mobility’s annual report confirms record growth
After the Pierer Mobility Group had already announced its first preliminary figures for fiscal 2021 and raised its sales forecast in January, the publicly listed Austrian company has now presented its final annual report, which confirms the group’s record growth in both sales and earnings. Despite the challenging situation in ...
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ArticleSolo Brands with very profitable 2021
Solo Brands Inc., the U.S. company that began trading on the New York Stock Exchange in October 2021 and owns several DTC-focused brands, announced its financial results for the three and twelve-month periods ended Dec. 31, 2021. The operating results in 2021 include the activity of Oru Kayak, Isle Paddleboard ...
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ArticleKMD Brands aims to return to growth in the second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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ArticleGiant Group achieves another annual record despite two-digit profit drop in Q4
Taiwan’s leading bicycle producer Giant Group has achieved a second consecutive sales and profit record. Year on year, 2021 sales rose another 17 percent to 81.8 billion Taiwan dollars (€2.59 billion). Net profit after tax rose 19.8 percent to a record TWD 5.93 billion (€197.94 million). This positive result is ...
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ArticleThe Microfibre Consortium responds to Changing Markets' Licence to Greenwash report
The Microfibre Consortium has issued the following statement in response to the publication of a report by the Changing Markets Foundation, ”Licence to Greenwash”. For editorial reasons, we have shortened the statement slightly. Sophie Mather, executive director of The Microfibre Consortium, comments: “The Microfibre Consortium is disappointed that this ...
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ArticleCMF and Licence to Greenwash criticizes certification tools in new report
In a new report (direct PDF download) by the Changing Markets Foundation (CMF) and its Licence to Greenwash division, a critical light is being shed on certification schemes and voluntary initiatives against greenwashing – they could be helping to promote greenwashing in the fashion industry, the paper says. The report, ...
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ArticleOutdoor Retailer returns to Utah
Outdoor Retailer is returning to Salt Lake City, Utah. The last show in Denver will be OR Summer from June 9-11, 2022.
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ArticleJornet and Camper launch NNormal; announce footwear, apparel and more for trail running and hiking
Now it’s finally out. After Kilian Jornet terminated his collaboration with Salomon, we were puzzling over who the Catalan climber and trail runner would work with in the future. Most recently, we reported that he and his partner Emelie Forsberg joined the athlete team of GPS watch brand Cronos from ...
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ArticleIndustry spotlight: New target groups, supply chain challenges and retailer relationship in focus
25 brands presented their new products at the Sport & Outdoor Media Day in Munich. The event organized by Mandel PR in the ”Kohlebunker” near the MOC (Munich Order Center) was one of the first major industry gatherings in Germany since the start of the Covid crisis. We took the ...
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ArticleWorst Covid-19 outbreak in China since Wuhan threatens supply chains
Even before the initial problems caused by the pandemic could be solved, the war in Ukraine created new ones. And now, despite all precautions, the Omicron BA mutant of Covid-19 is spreading rapidly in China. The epicenter of infection was the northeastern province of Jilin, on the ...
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ArticleGregory grew by 16.2% in 2022
Samsonite International reported that Gregory Mountain Products raised its sales by 15.9 percent on a reported basis to $59.4 million in 2021, with a rise of 16.2 percent in constant currencies. North America led the American backpack brand’s growth with a jump of 63 percent. The group’s Travel category, which ...
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ArticleClean Clothes Campaign Germany quits Alliance for Sustainable Textiles
After more than seven years of membership in the Alliance for Sustainable Textiles (Textilbündnis), the Saubere Kleidung Deutschland e.V. (Clean Clothes Campaign Germany) has declared its withdrawal as it does not see any improvement in working conditions in global clothing supply chains, a promise made by the textile alliance in ...
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ArticleDate for European Outdoor Summit 2022 in Annecy confirmed
The European Outdoor Group (EOG) has confirmed that the 8th European Outdoor Summit (EOS) will be held at the Imperial Palace in Annecy, France, on October 6-7, 2022. The event will be the first in-person EOS since Interlaken 2019. The 2020 event was canceled due to Covid-19, and so was ...
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ArticleOutdoor Retailer Climate Commitment grows by five new big members to 10 percent of outdoor retail market
Five more European outdoor retailers have joined the Outdoor Retailer Climate Commitment (ORCC), an open network of European outdoor retailers for more climate protection in the outdoor industry. With retail heavyweights Sporthaus Schuster, Sport Conrad, Engelhorn, Ellis Brigham Mountain Sports and Sport Pursuit, the network now unites around 10 percent ...
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ArticleAmerican Outdoor Brands shifting focus
American Outdoor Brands is adjusting its long-term focus to increase its revenues and product presence in the outdoor lifestyle category while maintaining a foothold in shooting sports. The Columbia, Missouri company, which intends to generate 50 percent or more of its topline in the outdoor lifestyle segment, has agreed to ...
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ArticleLeatt ends 2021 with record sales and record profits
It’s not by coincidence that the South African provider of protective gear and accessory products, Leatt Corp., which trades over-the-counter in the U.S., was by far the biggest performer on the 2021 OIC bicycle stock list. Leatt shares were up a whopping 312.2 percent on Jan. 1, 2022 (compared to ...
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ArticleLenzing with strong fiscal 2021
The Lenzing Group, the Austrian specialist for wood-based specialty fibers, closed 2021 significantly above the sales and earnings level of 2020. Sales revenue increased by 34.4 percent to €2.19 billion. Earnings before interest, taxes, depreciation and amortization (Ebitda) almost doubled year-on-year to €362.9 million. The Ebitda margin increased from 11.8 ...
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ArticleSSU invests in bike subscription service Buzzbike
Signa Sports United (SSU) has invested in U.K.-based bike subscription service Buzzbike as part of its expansion strategy. The deal will enable the London-based startup to expand into European and U.S. cities. Buzzbike offers a flexible monthly membership package that includes a premium city bike, lock, on-demand maintenance, theft protection, ...
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ArticleCallaway highlights Jack Wolfskin’s achievements in 2021 sustainability report
U.S. company Callaway, owner of the Jack Wolfskin brand since 2019, has published its sustainability report 2021 summarizing the group’s global sustainability program across the corporate offices, facilities and global operations of all its brands. German brand Jack Wolfskin is highlighted in the report as being the sustainability driver within ...
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ArticleCanadian Tire Corp. unveils CA$3.4 billion investment strategy designed to bolster omnichannel capabilities
In March, at its Investor Day, Toronto-based Canadian Tire Corporation (CTC) announced a significant investment of CA$3.4 billion over four years to create an enhanced omnichannel customer experience. CTC’s strategic growth plan impacts multiple aspects of the group’s business, mainly in Canada, and builds on the company’s brand trust and ...
