Latest News & Analysis – Page 141
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ArticleEOG calls on companies to address global supply chain challenge with unity and tolerance
The European Outdoor Group (EOG) has appealed for unity and tolerance in the face of the ongoing global impact of the Covid-19 pandemic on supply chains. Following discussions at EOG board level, Mark Held, EOG president, issued a public statement on behalf of the association: Source: EOG Mark ...
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ArticleAllbirds files for IPO but remains loss-making, plans to open up new apparel categories
Allbirds, the B Corporation-certified San-Francisco-based footwear and apparel brand, has filed with the U.S. Securities and Exchange Commission for an initial public offering. The document lists the size of the transaction at $100 million, which is an estimate used only to set the registration fee of $10,910. Allbirds was last ...
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ArticleOeko-Tex reports successful 2020/21 year, with strong growth for Made in Green label
In its annual report for 2020/21, Oeko-Tex looks back to a turbulent era by changes and challenges due to the pandemic and the increasing pressure to move all partners in the supply chains to more sustainability and less CO2 emissions. During the last year, Oeko-Tex went live on Instagram for ...
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ArticleNew Mavic owner Bourrelier Group sets successful future course
After the Bourrelier Group took over the insolvent French company Mavic in spring 2020, things were initially very quiet. One year after the takeover, the group now speaks of a successful turnaround, including a stable course for the future. Source: Bourrelier Group Getting Mavic back on track ...
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ArticleGfK sees dip in German consumer sentiment as infection rates rise
At the dawn of what many expect to be the fourth Covid-19 wave in Germany, GfK reports a visible clouding of consumer sentiment in the country for the start of the fall season, while the propensity to save money is on the rise. After reaching a 10-year high in June ...
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ArticlePolygiene sees sales momentum continuing after strong Q2
Polygiene reported sales of 46.9 million Swedish kronor (€4.6m-$5.4m) in the second quarter, up by 171 percent on the year earlier and accelerating from the already strong 141 percent growth rate seen in the previous quarter, as its top line continued to benefit from the addition of Addmaster Holdings, a ...
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ArticleSport Holding acquires Bergans of Norway
Sport Holding, Norway’s largest sports retail player with more than 360 company-owned and franchised stores throughout Norway, divided into Sport 1, Intersport, Anton Sport, Löplabbet, Sportsnett and Skandinavisk Høyfjellsutstyr, is acquiring 100 percent of the shares of Bergans Fritid AS. Source: Hans Kristian Krogh-Hanssen Jan Tore Jensen, CEO ...
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ArticleStand.Earth gives fashion, outdoor and sports industries poor grades for sustainability
In its Fossil-Free Fashion Scorecard 2021, environmental advocacy organization Stand.Earth surveyed and ranked 47 outdoor, sports and fashion brands on their environmental actions in various areas. Stand.Earth sees the fashion industry in a business-as-usual reliance on fossil fuels to manufacture and ship its garments that is not consistent with a ...
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ArticleOn Holding files registration for IPO
On Holding, the Swiss company that owns On, the performance brand specializing in running and trail running founded in Zurich in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ...
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ArticleAnta’s profits more than double in H1, Amer bounces back
Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. In addition to a surge in demand related to the Xinjiang issues, e-commerce ...
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ArticleSSU reorganizes management of Internetstores Group
After more than three years as CEO of Internetstores GmbH, Hans Dohrmann will leave the parent company of multichannel bike, camping and outdoor retailers such as Addnature, Bikester, Brügelmann, Campz and Fahrrad.de. According to Internetstores Group’s parent company, Signa Sports United (SSU), he will leave “on good terms” on Sept. ...
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ArticleHow Keller Sports used events and data management to develop customer loyalty
The brand has broken new ground with app-based events that reward customers for sporting performance, not purchases
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ArticleNew CEO and board members for Ecco
Ecco’s CEO Steen Borgholm has stepped down from his post on Aug. 20 “by mutual agreement” after four years and more than two decades with the Danish footwear company. He will be replaced by Panos Mytaros, who has been with the company for 27 years. Mytaros started his career with ...
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ArticleBlack Diamond hires ski industry veteran Mike Hattrup
Salt Lake City-based outdoor company Black Diamond Equipment has named Mike Hattrup business unit director for its ski category. Hattrup will be responsible for the brand’s entire ski and snow safety category, including skis, avalanche transceivers, JetForce airbag backpacks, probes, shovels, as well as snowpacks and ski poles. As business ...
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ArticleTextile Exchange report suggests transition to preferred fibers needs to be accelerated
After years of growth, global fiber production, hit by the Covid-19 pandemic, decreased from 111 million tons in 2019 to 109 million tons in 2020. While overall fiber production declined, the market share of preferred fiber and materials is increasing. According to a new report by Textile Exchange, entitled ”Preferred ...
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ArticleRevolutionRace races ahead in first financial report post-listing
RevolutionRace, the Swedish DTC outdoor company fresh from a June listing on Nasdaq Stockholm, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), led by 296 percent growth on the German market and with double or triple-digit growth in ...
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ArticleEDM Interview Series #04-2021: Samaya
The Outdoor Industry Compass spoke with Arthur Jallas, co-founder and sales leader of French brand Samaya.
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ArticleSports and leisure segment boosts New Wave sales in Q2
Sweden’s New Wave Group, which owns brands like Craft and Cutter & Back, saw total sales in the second quarter ended June 30 rise by 13 percent as compared to the year earlier to 1,487 million Swedish kronor (€145.7m-$171.1m), led by a 70 percent increase in its Sports & Leisure ...
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ArticleBack in black: The successful turnaround of Rotor Bike Components
Great products don’t always lead to profit, but they can with a little cohesion…and maybe Covid.
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ArticleLeatt continues on record track in 2021
In the second quarter of fiscal 2021, publicly traded South African protective equipment manufacturer Leatt Corporation, which trades over-the-counter in the U.S., has set more records: Sales increased by a whopping 106 percent to $14.3 million compared to the same period of the previous year. Income from operations grew by ...
