Latest News & Analysis – Page 138
-
ArticleEmerald opens debate on the future of (OR) trade shows
Emerald X, LLC, organizer of Outdoor Retailer (OR) trade shows, including the OR Snow Show, formerly the Winter Market, which has incorporated the SnowSports show that Snowsports Industries America (SIA) sold to Emerald five years ago, hosted a webinar on Oct. 25 on the future of trade shows, bringing retailers ...
-
ArticleColumbia lowers FY sales outlook, raises earnings forecast as Q3 sales miss
Columbia Sportswear has lowered its sales outlook for the year but raised earnings forecasts, despite weaker than expected third-quarter revenue due to supply-chain issues. Sales for the quarter rose to $804.7 million from $701.1 million a year earlier and against forecasts of $862 million. Net income beat expectations at $100.6 ...
-
ArticleFenix says Germany recovery underway but warns of supply-chain issues
Fenix Outdoor has reported a rise in third-quarter sales and earnings but warned that global supply chain issues and Covid outbreaks in some of its manufacturing locations were still posing problems. The company also said it aimed to manufacture up to 20 percent of its own products by acquiring or ...
-
ArticleMips posts solid growth in Q3 despite supply chain challenges
Swedish company Mips reports that its third quarter built on the very good growth seen earlier in the year. The specialist in “brain protection” helmet technology reported that net sales increased by 81 percent to 185 million Swedish kronor (€18.6m-$21.7m) compared to SEK 120 million in Q3 last year. Organic ...
-
ArticleShimano’s bicycle segment up 30%, raises forecast
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere. Bicycle dealers’ inventories are still ...
-
ArticleGfK reports mixed consumer sentiments in October survey for Germany
In its latest study conducted among 2,000 Germans, GfK reports a mixed picture of consumer sentiment in October. The propensity to buy increased again, while economic and income expectations declined. As the propensity to save is also falling noticeably, GfK forecasts a consumer climate of 0.9 points ...
-
ArticleHeiQ unveils high-performance cellulose yarn derived from carbon-negative materials
Swiss ingredients brand HeiQ unveiled what it calls a potential game-changer for the textile industry on Oct. 26 in a digital presentation. HeiQ AeoniQ is a high-performance cellulose yarn derived from a wide range of natural, carbon-negative sources, including wood pulp and algae. The new fiber is currently advancing to ...
-
ArticleVF releases sustainability and responsibility report “Made for Change”
Focusing on the three areas ”people, planet and product”, VF Corp., with its group of brands, has just released its fourth sustainability and responsibility report, titled ”Made for Change.“ Highlights of the report include: People: In FY2020, roughly 290,000 people were supported via VF’s worker and community development program. ...
-
ArticleUnifi with strong Q1
Unifi, Inc., a U.S.-based producer of recycled and synthetic yarns, released operating results for the first fiscal quarter that ended Sept. 26. Net sales were $196.0 million, an increase of 38.5 percent from the first quarter of fiscal 2021 and an increase of 6.3 percent from the last Q4 (2021). ...
-
ArticleHoka becomes Premier Footwear and Apparel Partner of new UTMB World Series
The UTMB World Series and Hoka, a division of Deckers Brands, have announced a multi-year partnership. Hoka is the first global Premier Partner of a new world circuit in trail running, which debuts in 2022: In May 2021, UTMB Group and The Ironman Group had partnered to create the UTMB ...
-
ArticleReview: Performance Days / Functional Fabric Fair Fabric Forum Jury
…or in other words: what will be seen in a year’s time! Quite a mouthful, but having seen over 1,000 samples of curated fabric swatches over the second half of a week – the Outdoor & Sports industry should be proud that lockdown did not stop the development of fabric. ...
-
ArticleBike-Components joins forces with brick-and-mortar retailers
The German e-commerce bicycle platform Bike-Components (managed by BC GmbH & Co. KG) is launching a new business segment next year: BC Remote is an ordering platform for brick-and-mortar bicycle dealers only. The background to this is that bicycle shops, in times of supply bottlenecks, sometimes search for missing parts ...
-
ArticleVF maintains FY outlook despite supply chain issues limiting Q2 sales growth
VF Corp improved its guidance for the full year (to $12.0 billion from $11.8 billion) despite a more challenging than expected operating environment in the second quarter. Overall revenues for the group that owns brands including Vans, The North Face (TNF), Timberland, Icebreaker and Smartwool increased by a reported ...
-
ArticleDometic Q3 sales growth gets a boost from M&A as supply chain problems persist
Dometic saw sales in the third quarter rise by 24 percent to SEK 5,545 million (€555.2m-$646.5m) despite continuing to suffer from “significant” supply chain disruptions. Growth in the top line of the Stockholm-based specialist in products for mobile living was largely due to acquisitions, with M&A seen increasing revenues by ...
-
ArticleThule sees gains in RV products and carrier systems
The outdoor trend, which kicked in after the Covid-19-related lockdowns, has once again brought good sales growth for the Swedish Thule Group. The trend toward outdoor and leisure activities closer to home continued to positively impact all of the group’s product categories in the third quarter. According to Thule’s preliminary ...
-
ArticleTecnica rolls out ski boot recycling project in eight countries
After revealing its plans for an end-of-life solution for used ski boots in spring this year, the new “Recycle your boots” project by Tecnica is about to start. The circular project, launching in the Alps region this fall, aims to contribute to protecting the planet by recycling used ski boots ...
-
ArticleKathmandu Holdings publishes 2021 sustainability report
Source: Kathmandu Kathmandu Holdings Ltd. sustainability report 2021 In its 2021 sustainability report, Kathmandu Holdings provides insight into the CSR and sustainability progress of its three brands, Kathmandu, Oboz and Rip Curl. The group undertook its first Environmental, Social and Governance (ESG) materiality assessment this year, conducted ...
-
ArticleRevised ISPO Awards with four judging dates per year
ISPO Group has announced that it will now honor the highlight products and services of the sports industry four times a year with the latest, conceptually revised version of the ISPO Award. As usual, a jury of experts will evaluate all submissions individually according to criteria such as design, function, ...
-
ArticleSBTi approves eBay’s ambitious climate action goal
eBay Inc. continues its commitment to climate action by setting an ambitious greenhouse gas (GHG) target approved by the Science Based Targets initiative (SBTi). eBay commits to reduce its own (scope 1 and scope 2) emissions by 90 percent by 2030 from a 2019 base year, in line with limiting ...
-
ArticleMajor investment in Portuguese bicycle production for the EU market
The Portuguese bicycle industry association ABIMOTA has unveiled a major project with a planned total investment volume of over €258 million, through which Europe’s leading bicycle production intends not only to strengthen but also to expand its role. Plans also call for creating a technology center as a hub for ...
