Latest News & Analysis – Page 146
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ArticleSalomon announces sustainability goals around its sports marketing efforts
Salomon is committing to improving the environmental impact of its in-person events, athletes and ambassadors. The brand has outlined specific sustainability-related goals to meet by 2025, touching both the protection of local nature and the overall emissions related to sports marketing. The two-pronged approach around events and athletes will begin ...
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ArticleGlobal bicycle stocks chart Q2 2021:
Still riding the waveDue to the Covid-related closures, the focus in the first quarter of 2021 was still very much on alternative mobility products. This shifted somewhat in the second quarter. Falling infection figures and rising economic data have provided a breath of fresh air. This is leading to a renewed focus on traditional stock values. After all, in Covid times, these were properly beaten down. For example, shares in the automotive sector fell to respective lows below their actual value. The stock market is currently reacting positively to a time without lockdowns and the current efforts of the automotive industry to make its contribution to the mobility revolution with electrification. Global bicycle stocks continue to cruise at great heights but did not perform as extraordinarily in Q2 as they did in the first three months of this year.
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ArticleWoom-Europe merges with Woom-USA
Austrian children’s and youth bicycle supplier Woom GmbH has acquired its U.S. import partner and placed it under its corporate umbrella. Financial details of the acquisition were not disclosed. The merger of Woom-Europe with Woom-USA is one of several strategic steps the company is taking to grow. Having already built ...
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ArticleSvenskt Sportforum launches quarterly industry index based on sales of Swedish retail chains
Industry organization Svenskt Sportforum has launched the Sportindex, a Swedish industry index produced in collaboration with Stockholm-based HUI Research that includes statistics on the development of the sporting goods retail industry. The new Sportindex aims to provide a credible and quality-assured statistical basis that is valuable for industry players such ...
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ArticleClimate Action Corps publishes Progress Report, aims to become climate positive industry by 2030
The U.S. Outdoor Industry Association’s (OIA) Climate Action Corps, launched in January 2020, unveiled its first Annual Impact Report to mark year one progress and announced an unprecedented goal to become the world’s first climate-positive industry by 2030. To address the threat of climate change, a diverse group of more ...
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ArticleSilva acquired by growth equity investor, paving way for expansion
Verdane, a Northern European specialist growth equity investor, has acquired the Swedish brand Silva, manufacturer of high-quality compasses, headlamps, and sports equipment, founded in 1933. Silva had been in the hands of Scandinavian private equity investment firm Karnell (K3 Fund) since 2011 when it acquired the brand from Fiskars, which ...
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ArticleEurobike 2022 will relocate from Friedrichshafen to Frankfurt
New location, new date, new concept – only one thing remains: the team of people involved. In order to strengthen its market position and further develop its flagship trade shows in the areas of Urban Mobility “with the bicycle as a bandwagon” and General Aviation, Eurobike organizer Messe Friedrichshafen is ...
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ArticleOutdoor-Profis becomes wholly owned Sport 2000 subsidiary
Outdoor-Profis GmbH, the umbrella company for the outdoor specialty retailers that are part of the Sport 2000 sporting goods buying group, has become a wholly-owned subsidiary of the Sport 2000 GmbH group. Acquisition details were not disclosed. Previously, Sport 2000 held an unspecified minority stake in Outdoor-Profis. With the acquisition ...
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ArticleCalida Group to sell Millet Mountain Group
Following the successful divestments of Oxbow and Eider, the Swiss Calida Group now intends to continue its strategic focus and concentrate on its core lingerie and underwear business with a sharpened brand portfolio by selling off the rest of its outdoor brands. Recent business developments have illustrated, the company said, ...
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ArticleZDHC releases second Impact Report
Zero Discharge of Hazardous Chemicals (ZDHC), the multi-stakeholder organization based in Amsterdam, has released its Impact Report 2020, highlighting the progress made since its first Impact Report in 2019. In 2020, 15 new Brand contributors and three new Friends joined ZDHC on its collective journey towards sustainable ...
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ArticleBergzeit implements code of conduct for outdoor activities and suppliers
Bergzeit, the German online outdoor and mountain sports retailer based in Otterfing near Munich, has published a four-page code of conduct for activities in the mountains aimed at its employees and external partners. In view of the growing recreational pressure in the Alps, the company wants to “be a role ...
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ArticleCanada Goose to drop all animal fur by end of 2022
Source: Peta Germany Shortly after introducing its new Fur Buy Back program to recycle fur for apparel, Canada Goose announces its complete withdrawal from the use of real animal fur on its products in a press statement. Through a phased approach, Canada Goose will end its purchasing ...
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ArticleBergfreunde and the reduction of e-commerce’s carbon footprint:
“We are pioneers”Germany-based Bergfreunde GmbH (bergfreunde.de), part of the U.S.-based Backcountry Group (backcountry.com), is an online-only retailer selling outdoor clothing and equipment in a total of 14 European markets. In 2020, it generated sales of €155 million. In April, Bergfreunde joined the Science Based Targets Initiative (SBTi), making a public commitment to ...
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ArticleStudy shows cross-border online shopping habits of Europeans
Cross-Border Commerce Europe (CBCommerce), a Brussels-based platform promoting cross-border online commerce in Europe, has examined and evaluated the 16 strongest European countries in terms of both consumer behavior and business performance in cross-border online shopping that generated sales of €146 billion in 2020 (excluding the travel segment) in the EU, ...
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ArticleSasta wins Scandinavian Outdoor Award for plus size jacket
In an online ceremony hosted by the Scandinavian Outdoor Group (SOG), two Finnish companies were among the six winners of the Scandinavian Outdoor Awards for Spring/Summer 2022: Sasta (based in Nurmes) and Halti (headquartered in Vantaa, Lapland). Source: Sasta / SOA Sasta Mella Jacket The Overall ...
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Articlebd-capital invests in shopping club SportPursuit
SportPursuit, a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital, a London-based, pan-European, operationally managed private equity firm established in 2019. According to a company statement, bd-capital’s investment, which was not disclosed in a detailed manner, ...
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ArticlePentland’s report on modern slavery exposes critical supply chain practices
Source: Hermes Rivera on Unsplash In its Modern Slavery Report 2020, Pentland Group – with its core business, Pentland Brands, managing a portfolio of owned brands including Berghaus, Endura, Speedo, Canterbury, Mitre and KangaROOS, among others – looks back on a year that has presented unprecedented challenges ...
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ArticleAnta Sports publishes profit warning
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group. In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, which we ...
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ArticlePearl Izumi wants you to carbon offset your bike apparel
Colorado-based cycling apparel and footwear brand Pearl Izumi has launched Pedal to Zero™, an initiative to motivate and inspire people to choose cycling as an alternative mode of transportation. Each garment in the brand’s new BikeStyle spring 2022 collection will include a statistic showing the distance one must ride a ...
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ArticleMunich trade shows possible from September, including OutDoor by ISPO
As of Sept. 1, 2021, trade shows will once again be possible in the German state of Bavaria. At a press conference by Munich trade show company Messe München, minister of state Hubert Aiwanger, along with Klaus Dittrich, chairman and CEO of Messe München, and Peter Ottmann, CEO of NürnbergMesse ...
