Latest News & Analysis – Page 131
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ArticleAn increasing number of brands is entering the apparel rental business
For outdoor and sports equipment brands, the rental business is an essential pillar for a sustainable business. And now, a growing number of companies are offering apparel as well. Here’s an overview.
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ArticleIf OR moves back to Salt Lake, could an exhibitor boycott loom?
Several outdoor companies announced Monday they would boycott the Outdoor Retailer (OR) trade show events if they were moved from Denver to Salt Lake City. Their reasoning is that they suspect the Utah state government has unacceptable plans for some state national monuments and public lands. The announcement came after ...
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ArticlePortugal Bike Value achieves double-digit increase in bicycle exports in 2021
During the visit of a delegation from the National Agency for Innovation (ANI) to the headquarters of the Portuguese bicycle industry association ABIMOTA in Borralha, secretary general Gil Nadais revealed some interesting export figures for 2021. The main focus of the visit was the expansion of laboratories at ABIMOTA’s headquarters, ...
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ArticleOrganic Cotton Accelerator joins Sustainable Apparel Coalition
The Organic Cotton Accelerator (OCA) has joined the Sustainable Apparel Coalition (SAC) to drive needed change throughout the supply chain, according to a statement. By joining the SAC, OCA, an Amsterdam-based multi-stakeholder organization fully committed to organic cotton, underscores its commitment to a collaborative sector approach to “unlock the potential ...
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ArticleFootwear industry: Inflationary pressure increases on a broad front
Thanks to the collective work of the editorial teams of our sister publications Shoe Intelligence and SGI Europe, we have put together a comprehensive analysis of the impact of inflation on the footwear industry. The editors tried to cover the economic, industrial, financial and some social aspects of inflation focusing ...
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ArticleKathmandu is on track for better results
In its second quarter, the profits improved at Kathmandu Holding, which ended Jan. 30, despite the global pandemic’s impact on trading conditions and persistent supply constraints on the group’s Oboz business. In the first quarter, factory shutdowns at Oboz’s suppliers in Vietnam, as previously reported, left the company unable to ...
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ArticleColeman helps boost Q4 sales at Newell Brands outdoor unit
Final quarter sales at Newell Brands Outdoor & Recreation division rose to $304 million from $249 million a year ago, as growth in the outdoor equipment and beverage categories offset a slight decline in technical apparel. Core sales at the division, home of the Coleman, Campingaz and Marmot brands, grew ...
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ArticleCallaway sees continued robust growth, Jack Wolfskin relaunch progressing well
Callaway Golf predicted another year of robust topline growth in 2022, after revenues in the fourth quarter jumped by 90.0 percent to $711.7 million, benefiting from “strong momentum” at Jack Wolfskin and TravisMathew and the addition of Topgolf earlier in the year. The growth for the new year is expected ...
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ArticleNew Wave’s sales growth driven by Sports & Leisure
The Swedish-based New Wave Group, which owns sports brands like Craft and Cutter & Back and distributes several others, saw total sales in the last quarter increase by 23 percent to 2,307 million Swedish kronor (€218.7m), with the growth driven by its Sports & Leisure segment. At constant currency rates, ...
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ArticlePorsche gathers even more e-bike power
After unveiling its first e-bike under the Cyklær brand with partner Storck Bicycle in 2021 and acquiring a majority stake in e-bike manufacturer Greyp Bikes the same year, Porsche continues to invest in its non-automotive future, particularly in the fast-growing e-bike market. The Stuttgart-based sports car manufacturer has now announced ...
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ArticleCanada Goose cuts guidance as sales, retail traffic disappoint
Canada Goose cut its guidance for the full year, citing lower-than-expected revenues and retail traffic in EMEA and APAC regions in the ongoing fourth quarter of its financial year due to new restrictions imposed in the wake of outbreaks of the Omicron coronavirus variant. The company now expects to post ...
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ArticleMips Q4 net sales rise despite supply constraints & China factory slowdowns
The Swedish helmet safety technology provider Mips reported a 41 percent rise in net sales during the fourth quarter, despite supply chain constraints and power restrictions on factories in China. The specialist in “brain protection” said net sales for the three months to Dec. 31 rose to 198 million Swedish ...
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ArticleArc’teryx and Ortovox unite forces for new avalanche airbag system
The new LiTric unit The result of a joint research and development project, the Canadian brand Arc’teryx and the German brand Ortovox have introduced LiTric, a new electronic avalanche airbag system for winter 22/23 that will be used in a line of different touring and freeride packs ...
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ArticleDalbello launches first Reboot ski boots made from recycled plastics
Green Gaia Dalbello, part of the MDV group of companies (with Marker and Völkl), is launching the Green Menace and Green Gaia for the 2022/23 winter season, two new ranges of eco-friendly ski boots built from recycled plastics as part of the brand’s Reboot project. The material ...
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ArticleThule sees continued sales growth while margins are squeezed by higher costs
The Swedish-based Thule Group saw sales rise by 15.0 percent in the fourth quarter of 2021 to 1,846 million Swedish kronor (€177.5m) as demand for its outdoor products remained strong. However, margins were squeezed by “significant” cost increases compared to the year earlier. On a currency-adjusted basis, sales went up ...
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ArticleFenix reports records for Q4 thanks to sales increase and despite Omicron hit
Fenix Outdoor International has reported record fourth-quarter earnings driven by surging sales in its Frilufts segment and the delivery of goods delayed in the previous three months from the Brands division. The company said net sales for the three months to December 31 rose by 33 percent to €196.5 million ...
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ArticleShimano with a strong year, but slowing down
Shimano’s consolidated revenues went up by 44.6 percent to 546.3 billion yen (€4.14bn) in the financial year ended Dec. 31, recovering from a mere 4.1 percent of growth in the previous year. Still, the company is guiding for an increase of only 6.1 percent in 2022. The group’s operating earnings ...
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ArticleHigg launches new social benchmarking solution
Higg has released new benchmarks for social and labor performance in consumer goods manufacturing. The sustainability insights platform is the first to offer full performance measurement for manufacturing facilities in the areas of carbon, water, waste and now labor conditions. Most ESG solutions to date only provide benchmarks for specific ...
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ArticleRevolutionRace keeps up sales momentum
Swedish DTC outdoor company RevolutionRace (RVRC) says it is seeing continued robust growth at the start of the third quarter of its fiscal year, after sales in the second quarter increased by 58 percent to 392 million Swedish kronor (€37.5m-$42.8m) amid continued strong demand for multifunctional garments. On a constant ...
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ArticleOrganized crime reaches the bicycle business: Theft at BFI leads to millions in damages, and to delays
The delivery problem in the bicycle industry seems to open a new business field for organized crime. On Jan. 21, the Czech bicycle manufacturer Bike Fun International s.r.o. (BFI) lost key components (including long-awaited Shimano brand parts) when an entire truckload was stolen from Germany. To warn other manufacturers, the ...
