Latest News & Analysis – Page 144
-
ArticleEarth Overshoot Day is almost back to pre-pandemic date
International research and sustainability organization Global Footprint Network has calculated this year’s date of Earth Overshoot Day being on July 29, which is the status of the years before Covid-19 kicked in and a temporary dip in carbon emissions was visible. Earth Overshoot Day marks the date ...
-
ArticleProvenance.org publishes opensource communication rulebook to avoid greenwashing
London-based software solutions company Project Provenance Ltd. has published an open-source rulebook to curb misleading communication. The Provenance Framework is an encyclopedia for communication on sustainability, developed to help brands communicate sustainability with integrity and avoid greenwashing based on the latest ESG standards. The framework comprises more than 50 consumer-facing ...
-
ArticleNew legislation in the U.S. could help the environment – and boost e-bike sales
U.S. Senators Brian Schatz (Democrats, Hawaii) and Ed Markey (Democrats, Massachusetts) have introduced the Electric Bicycle Incentive Kickstart for the Environment Act in the U.S. Senate, a bill that would prioritize electric bicycles as a zero-emission mode of transportation by making them more affordable and accessible to all Americans. If ...
-
ArticleParts shortage slows Accell’s results
A growing market for bike parts and accessories helped Accell Group to raise net sales for the six months to June 30 by 3.3 percent to €699.1 million, despite a drop in sales of finished bicycles due to supply and logistics problems. Order books for electric bikes remained strong, but ...
-
ArticleFenix’ Q2 sales up, but sluggish German performance weighs on overall result
Fenix Outdoor International said it was still experiencing Covid pandemic-related difficulties in the second quarter with delayed re-openings of the German and Benelux markets affecting the business. The company said the impact was unexpectedly felt more in its Brands operations than the retail division as “a lot of retail customers ...
-
ArticleVelocio partners with Apidura for U.K. repairs
Repairs are essential to keep products in use longer but sending a product to a central repair hub can accrue a significant carbon footprint. To reduce this negative consequence, Velocio, a cycling apparel company based in New Hampshire (U.S.), has partnered with Apidura in the U.K., a company that makes ...
-
ArticleHigh demand for bike helmets results in tremendous sales increase for Mips in H1
After a strong start to fiscal 2021, “brain protection” helmet-technology maker Mips AB stepped it up a notch in the second quarter. As a result, the Swedish company posted total sales of SEK 225 million (€22.0m-$25.9m) in the first half of the year, despite challenging supply chain issues. Compared with ...
-
ArticlePierer Mobility and Maxcom join forces for new e-bike factory
On July 21, Austria’s Pierer Mobility AG and Bulgaria’s largest bicycle manufacturer Maxcom Ltd. announced the establishment of a joint venture in which each party will hold a 50 percent stake. With an investment of €40 million, this joint venture will develop a state-of-the-art e-bike production facility in Bulgaria on ...
-
ArticleOutDoor by ISPO 2021: Less exhibition, more conference
The upcoming OutDoor by ISPO, dubbed the “Global Summit Edition” and scheduled for Oct. 5-7, 2021, will focus more on the conference component in combination with the European Outdoor Summit and offer a scaled-down exhibition space with pre-built booths limited to 80 to 100 brands. This was one of the ...
-
Article“Stronger than ever“ – ISPO Munich to open up to end consumers and tourism
During a webinar by “Dein Winter. Dein Sport”, a German initiative to support winter sports, Jeanette Friedrich, global ISPO Group director, gave a short presentation on the new ISPO Munich concept, which will already be implemented at the next event from Jan. 23-26, 2022. Following the motto “Sport. Stronger ...
-
ArticleThule benefits from growing recreational trends despite lockdowns in Q2
Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) compared to the same period a year ago, when major markets ...
-
ArticleLearning from experience: How one startup discovered what’s in a (brand) name
The underlying goal of a brand name is to trigger a reaction. How do you make sure it’s the right one?
-
ArticleDometic Q2 sales rebound but supply-chain issues persist
Scandinavian Outdoor Group member Dometic saw second-quarter earnings rebound from the impact of the Covid pandemic despite persistent supply-chain challenges. The Stockholm-based specialist in products for mobile living said reported a 67 percent increase in net sales to SEK 5.6bn (€546m - $642m) against the 2020 period, which was hit ...
-
ArticleDDK Group increases production capacity with new factories in Vietnam
Like all Asian manufacturers, the Taiwanese bike saddle manufacturer DDK Group has been overwhelmed by much higher production demand than expected. Not only is DDK’s factory in Changhua, Taiwan, running at full capacity, but the group’s factories in Nantong, China, and in Thủ Dầu Một, Vietnam, are also overloaded. The ...
-
ArticleNew anglers help Rapala reel in strong H1 sales rise
Finnish tackle company Rapala VMC reported a sharp rise in first-half net sales driven by strong demand for fishing gear from new anglers and faster-than-expected implementation of its restructuring strategy. Sales for the six months to June 30 increased 36 percent to €159.6 million as fishing’s popularity as a Covid-safe ...
-
ArticleUSWE expands offering with premium cycling apparel through acquisition of VOID Cycling
On July 16, USWE Sports AB, founded in Skåne, Sweden, in 2007, signed an agreement to acquire VOID Cycling, founded in Gothenburg in 2014, from Tenson BV and Color Group BV. Both USWE and VOID are strong in e-commerce and have each established a global presence. In early 2021, the ...
-
ArticleMarketMedia24 studies see long-term growth for athletic footwear in Germany
Looking as far into the future as 2028, the new Branchen-REPORT Sport 2021 by MarketMedia24 predicts a considerable growth of the athletic footwear sector even in the most conservative models calculated by the Cologne-based market research and consulting institute. Triggered by growing health awareness and despite (or perhaps because of) ...
-
ArticleSOG starts circular outdoor project
To meet the demand of many of its members for circular economy solutions, the Scandinavian Outdoor Group (SOG) has started a circular outdoor project called SOG Circular Outdoors a few weeks ago in collaboration with Peak 63, a development company based in Östersund, Sweden, with the goal of launching a ...
-
ArticleTextile Mission publishes research report on microplastics
An interdisciplinary research project run by the Federal Association of the German Sporting Goods Industry (Bundesverband der Deutschen Sportartikel-Industrie/BSI) and worked out by its Textile Mission team (with support of the German ministry of education and science) has now published its final report on the origin and reduction of textile ...
-
ArticleSympatex Technologies among Best for the World B Corp companies of 2021
German Sympatex Technologies has been placed in the “Best for the World” top 5 percent of 4,000 certified B Corporations worldwide by B Lab Global for its CSR performance in 2021. The Munich-based company is involved in initiatives like the European industry partnership wear2wear for the rapid ...
