Latest News & Analysis – Page 132
-
ArticleCalida completes sale of Millet Mountain Group
As previously reported, the Calida Group in late December received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell the Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Calida now reports that it has received the final approval of the French work council ...
-
ArticleJohnson Outdoors sees strong orders, Q1 sales slip amid supply chain disruptions
Johnson Outdoors, the owner of the Jetboil and Eureka brands, amongst others, saw sales decrease in the first quarter of its financial year as supply chain disruptions made it difficult to keep up with demand for outdoor recreation products. Total company sales in the three months to Dec. 31 declined ...
-
ArticleDeckers expects 19-20% growth for the fiscal year
Deckers Brands, the parent company of Hoka, Teva and other brands, is currently forecasting revenues of $3.03-3.06 billion for the full financial year ending March 31, indicating a growth of between 19 and 20 percent. It expects to book a gross margin of less than 51.5 percent for the year, ...
-
ArticleColumbia exceeds forecast, driven by DTC
Despite persistent supply chain disruptions that negatively impacted its wholesale revenues, Columbia Sportswear reported impressive fourth-quarter results on the strength of its Direct-To-Consumer and e-commerce businesses and an improvement of 1.6 percentage points in the gross margin to 52.2 percent, as higher freight costs were more than offset by a ...
-
ArticleWorn Again envisions textile recycling facilities directly in urban centers
Worn Again Technologies (WAT), a UK-based technology licensing company that is a signatory to and major contributor to the UNFCCC’s Fashion Industry Charter for Climate Action, is looking to develop textile recycling facilities that are integrated into the urban ecosystem. WAT and its strategic partners met in Copenhagen to discuss ...
-
ArticleOberalp becomes distributor for 2117 of Sweden in 13 countries
The Italian Oberalp Group has taken over the exclusive distribution of the Swedish outdoor clothing brand 2117 of Sweden for Italy, Poland, Hungary, Slovenia, Croatia, Serbia, Bosnia, Macedonia, Montenegro, Kosovo, Spain, Andorra and France as of the beginning of this year. The agreement between the parties took place early last ...
-
ArticleVista Outdoor raises guidance after record Q3
Minnesota-based Vista Outdoor raised its guidance for its fiscal year ending this March after reporting record results in the third quarter ended Dec. 26 amid continued high consumer demand for sporting and outdoor products. Vista Outdoor is now projecting fiscal year 2022 sales of $2.97 billion to $3.0 billion, representing ...
-
ArticleVaude prototypes circular TPU backpack with 3D printed backpanel
Source: Vaude Novum 3D prototype backpack by Vaude With the help of German 3D engineering and plastics manufacturing specialist Oechsler, Vaude has developed a prototype of a new backpack – Novum 3D – that is made from TPU with a back panel made by a 3D printer. ...
-
ArticleWoom Bikes with new management
Mathias Ihlenfeld has taken over the overall management of Austrian children’s bicycle manufacturer Woom as CEO at the turn of the year. Born in Germany, Ihlenfeld founded Woom USA in 2014. With an uncompromising focus on DTC retail and customer service, he succeeded in making Woom one of the fastest ...
-
ArticleHaushofer appointed project director for ISPO shows, Gröber back as head of ISPO
While the pandemic is responsible for the fact that we have not been able to meet in person at any ISPO trade show for almost two years, the situation is certainly particularly challenging for the trade show organizers. In the wake of the many cancellations and digital substitutes, the ISPO ...
-
ArticleNick Brown passes on ownership of Nikwax and Páramo to employees
After 45 years as owner and founder, Nick Brown has handed over control over Nikwax and Páramo on Feb. 1 to his employees on three continents at the age of 67 by selling the company to a newly formed Employee Ownership Trust. Nikwax Waterproofing Wax for Leather, 1977 ...
-
ArticleW.L. Gore publishes annual sustainability update
After premiering a sustainability framework in 2020, W.L. Gore & Associates’ fabrics division has rolled out several projects in 2021 through a variety of individual initiatives, some of them portrayed in the company’s latest sustainability update published Feb. 1, 2022. The 2021 Responsibility Update offers insights into how Gore’s fabrics ...
-
ArticleIronman Group realigns leadership structure
Florida-based The Ironman Group has announced the promotion of Stefan Petschnig to chief business development officer and Matt Wikstrom to chief partnerships officer, resulting in shifts in the management structure and several promotions. Petschnig’s successor is Thomas Veje Olsen, who has been promoted to SVP & managing director Europe, ...
-
ArticleNikwax publishes first sustainability report, announces CSR roadmap to 2025
Aftercare and waterproofing specialist Nikwax used last week’s Slide & OTS exhibition in the U.K. to unveil the findings of its first sustainability report. The company provided insight into some of the 20 projects it has committed to across the company to achieve its sustainability goals by 2025. The first ...
-
ArticleTNF drives VF Corp.’s sales and outlook
VF Corp., the owner of brands such as Vans, The North Face and Timberland, cut its overall sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment, led by Vans, while ...
-
ArticleVaude reaches climate neutrality with all its products globally
Managing director Antje von Dewitz had already announced it last fall: her outdoor company Vaude, which has been actively promoting climate protection for years, achieved the goal set in 2019 of becoming climate neutral with all products manufactured worldwide on Jan. 1, 2022. The company’s headquarters in Tettnang, Germany, (with ...
-
ArticleSuccess for EOCA’s Green Friday fundraiser
Following the European Outdoor Conservation Association’s (EOCA) Green Friday weekend fundraiser at the end of November 2021, the association announced that nearly €57,000 had been raised, which will help support urgent conservation projects in 2022. “In the wake of the opening of COP15 in China last October and the ...
-
ArticleEmerald releases first report on the North American B2B events industry for 2022
Emerald Holding, the New York-based organizer of Outdoor Retailer (OR) trade shows, among others, has released its first research report reflecting the changing expectations that are influencing and shaping the future of the business-to-business (B2B) events industry. The report will be published annually in the future, Emerald said. ...
-
ArticleVF Corporation receives top score in U.S. Corporate Equality Index
VF Corp. has received a top score of 100 in the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the leading benchmarking survey and report in the U.S. measuring corporate policies and practices related to LGBTQ+ equality in the workplace. VF joins more than 840 large U.S. companies that ...
-
ArticleNYSE newcomer SSU increases sales despite supply bottlenecks for bikes, but falls short of expectations
Signa Sports United (SSU), the world’s leading sports e-tailer whose shares began trading on the New York Stock Exchange on Dec. 15, reported a 10 percent increase in total sales to €247 million for the fourth quarter of its fiscal year ending Sept. 30, 2021, despite supply shortages for bicycles. ...
