Latest News & Analysis – Page 147
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ArticleEDM Interview Series #02-2021:
Stellar Equipment ABIn part 2 of EDM’s new Interview Series, we spoke with Stellar Equipment’s COO, Mikael Janerås.
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ArticleEagle Creek to be shut down in fall for financial and strategic reasons
As previously noted, VF Corp. has decided to cease operations of its Eagle Creek travel and luggage brand this fall. Before the end of the company’s activities, pre-orders for fall/winter will be delivered and also follow-up business is planned to be served - as far as possible with the remaining ...
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ArticleColonna takes the helm at K2-MDV
Source: K2 Sports John Colonna After three years as president of K2 Sports, John Colonna has been named president and CEO of K2-MDV Holdings. He will be responsible for the Marker Dalbello Völkl (MDV) and K2 Sports businesses, overseeing the global presence of the K2 Skis, K2 ...
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ArticleBig business on social media:
Where digital natives shopThe plain “Buy now”-button seems to be a thing of the past. Online shopping is reducing friction, getting more intuitive, more fluid – and more social. “Social commerce” – or “social shopping” – is the fastest-growing distribution channel worldwide. Shoppable posts and stories allow brands and users to tag specific ...
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ArticleU.S. debut of German-Austrian Nox Cycles
German-Austrian e-bike manufacturer Nox Cycles Austria GmbH, which once emerged from Berlin-based Hawk Bike Sales GmbH, is expanding not only from the DACH region into other EU countries but also toward the Americas. While it has already gained a foothold in South America two years ago through an importer in ...
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ArticleAmnesty accuses China of crimes against humanity in Xinjiang
Amnesty International has released a 160-page report titled Like We Were Enemies in a War: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang. Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds of grim ...
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ArticleSupply Chain Act adopted by German parliament, EU to follow up with stricter rules
As expected, the German parliament passed the Supply Chain Act last week. The law, which aims to force companies to take responsibility for human rights abuses such as forced and child labor, forced evictions, oil pollution and land theft within their supply chains, will come into effect on January 1, ...
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ArticleCotopaxi and Nemo to offer second-hand products in the U.S. through REI
Cotopaxi and New Hampshire-based outdoor gear design company Nemo announced the launch of a new trade-in recommerce program with Trove and U.S. outdoor retail chain REI to provide customers with more options for used gear. Trove develops technology that enables brands to take control of their resale marketplaces to deepen ...
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ArticlePrivate equity firm invests in German bicycle retailer LJB
The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH (LJB) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the expansion of existing and ...
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ArticleSigna Sports United buys bike e-tailer Wiggle - and plans to go public
Through a merger with Yucaipa Acquisition Corporation, a U.S. special purpose acquisition company, the previously indicated IPO (see SGI Europe) of Berlin-based Signa Sports United (SSU), led by Austrian investor Rene Benko, will now proceed faster than anticipated. According to a projected valuation, the combined company is expected to reach ...
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ArticleRab & Lowe Alpine release first sustainability report
British companies Rab and Lowe Alpine have just published their first official sustainability report (direct PDF download), covering the 2020/21 fiscal year. The two brands owned by Equip Outdoor Technologies have identified four pillars for their CSR efforts: Product, Planet, Partners and People. Within the “Product” theme, the main points ...
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ArticleLive video shopping: Isbjörn pilots with Streamify, Go Instore sees popularity despite end of lockdown
Even as more and more countries are reopening brick-and-mortar retail, store technology service provider Go Instore sees strong interest in its platform that enables virtual visits to retail stores since pandemic restrictions imposed temporary store closures across Europe. The London-based IT company recorded 2.4 million unique visitors to its offering ...
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ArticleNew boss and new structures for Dachstein’s parent
Juha Luhtanen, 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen, who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group. The change of management has ...
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ArticleBike and sports e-commerce retailer Bike24 plans to go public in 2021
In September 2019, private equity firm The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from British cycling e-commerce giant Wiggle CRC. Riverside had sold the continental European cycling online platform to the British industry giant in 2017. However, that deal had ...
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ArticleSurvey: Generation Z embraces second-hand movement to live more sustainably
According to a recent study by Depop, a popular e-commerce platform for second-hand fashion, and management and business consulting firm Brain & Company, the shopping behavior of the so-called Generation Z – born between 1997 and 2012 – is not only, but predominantly driven by the desire to live more ...
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ArticleOutdoor brands validate claims to “B” good through B Corp certification
Companies that prioritize people, the planet, and profits can expect to benefit from the vast amount of wealth handed down from baby boomers to millennials.
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ArticleZumiez sales more than doubled
In its Q1 ended May 1, Zumiez, the U.S. action sports retailer whose assets include Blue Tomato in Europe, beat financial analysts’ forecasts, increasing its global sales 102.6 percent to $279.1 million. This resulted in a net profit of $26.4 million for the quarter, compared to a net loss of ...
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ArticleIPO of the bicycle certificate based on first and newly created bicycle stock index
For the first time, investors can now invest in a specific certificate on what the company describes as “the world’s first bicycle index.” The planned date for the IPO on the Frankfurt Certificates Exchange is June 21. 10 percent of the annual fee of 1.3 percent of this so-called “donation ...
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ArticleAccelerating Circularity launches European arm with EOG on founding committee
Accelerating Circularity, founded in 2020 as a collaborative industry project to accelerate the textile industry’s move from linear to circular, is launching a new project based in Europe. Just as in its U.S. counterpart, where the Outdoor Industry Association (OIA) is a long-term collaborator (though not part of the steering ...
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ArticleClarus to acquire Australian roof rack manufacturer Rhino-Rack
Clarus Corp., the Utah-based parent company of Black Diamond, Sierra Bullets and Pieps, among others, reports that it has entered into a definitive agreement to acquire Australia-based Rhino-Rack Pty Ltd, a manufacturer and distributor of roof racks, mounting systems, luggage boxes, carriers and other automotive accessories, for a total purchase ...
