Latest News & Analysis – Page 150
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ArticleEuropean countries reach their 2021 Overshoot Days in May
In the next few weeks, the major European countries will reach their calculated “Overshoot Days“ – that point in time when the ecological footprint is greater than the biocapacity per person (1.63 global hectares). The overshoot day is calculated by the Global Footprint Network based on data from the UN, ...
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ArticleTimberland to set up regenerative rubber supply chain for footwear
Timberland, along with parent company VF Corp. and sister brands Vans and The North Face, is partnering with Terra Genesis International in Thailand to build the footwear industry’s first regenerative rubber supply system. Timberland plans to pilot its first regenerative rubber footwear in 2023. The supply system will eventually be ...
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ArticleUnifi swings to profit in Q3 as Brazil excels
U.S.-based recycled and synthetic yarn maker Unifi swung to a profit in the third quarter after driven by a rise in sales at its Brazil and Asian units. The company said net income for the three months to March 28 was $4.7 million compared to a loss of $41.1m a ...
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ArticleColumbia raises guidance after a good Q1
Columbia Sportswear Company performed better than expected in the first quarter, despite port congestion problems in North America. The group’s net income reached $55.9 million, jumping from $213,000 in the year-ago quarter when the pandemic first hit the company. Revenues gained 10 percent to $625.6 million, including a 20 percent ...
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ArticleCODI’s sales surge by 38%, led by Boa
The recent acquisition of Marucci Sports and Boa Technology drove Compass Diversified’s (CODI) gains, with revenues for the first quarter surging by 38.4 percent from the year-ago quarter to $461.6 million. In addition, net income reached $22.0 million, up from $4.9 million last year. Excluding Marucci and Boa, organic revenues ...
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ArticleMips Q1 sales boosted by strong demand for bike helmets
When bicycle sales pick up in times of pandemic, Sweden’s Mips AB and its Brain Protection System (BPS) helmet technology are also in the front row. The first quarter of the year – usually the company’s smallest quarter – was the fourth-largest in company history in terms of sales. Total ...
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ArticleNew Wave posts Q1 profit
New Wave Group, the Swedish company behind Craft and Cutter & Buck, has posted a record first-quarter profit despite a drop in sales due to lower costs. Operating profit for the three months ended March 31 was 100 million Swedish Kronor (€9.9 million-$12 million), compared to a loss of SEK24.1 ...
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ArticleHelen of Troy reports strong Hydro Flask sales
Helen of Troy’s Houseware segment, which includes outdoor drinkware brand Hydro Flask, said revenues for its fourth fiscal quarter ended Feb. 28 increased by 12.1 percent to $162.5 million. This was driven by an organic business increase of 11.8 percent from the same quarter a year ago. There was a ...
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ArticleShimano continues to perform well in Q1
Both Shimano’s bicycle components and fishing tackle divisions benefited from the ongoing Covid-19 crisis in the first quarter of its fiscal 2021. Overall, Shimano’s quarterly sales – compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). Operating income was ¥32.57 billion ...
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ArticleMixed results for Fenix Outdoor
Fenix Outdoor International had a difficult start to the year and still faces some of the challenges that have marked 2020. Management said major store closures in Europe hampered business in Q1, although there were some upsides, such as the performance of retail stores in Sweden, Finland and Denmark, as ...
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ArticleMavic Group 2021 overview includes clear roadmap for the future
After last year’s insolvency of French bicycle component manufacturer Mavic SAS and its acquisition by Bourrelier Group, things remained quiet at first, at least on the surface. Now, at the unveiling of its latest product line on April 24, the newly formed Mavic Group gave a closer look at its ...
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ArticleU.K. investment firm to acquire Mammut
After Conzzeta had already announced on Dec. 9, 2019, that it would focus on the sheet metal working segment (Bystronic business unit) in the future, and this year revealed the final restructuring, including the renaming of Conzzeta to Bystronic, the Swiss company has now apparently found a buyer for its ...
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ArticleMoncler with double-digit sales growth in Q1 despite setbacks in Europe
Moncler saw its consolidated revenues jump by 18 percent to €365.5 million in the first quarter of 2021, with a jump of 21 percent in local currencies, although many countries were still being affected by coronavirus-related restrictions. The growth was primarily driven by a strong contribution from China, Korea and ...
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ArticleFinnish Verkkokauppa.com improves sales and profitability along with strong online sales
Verkkokauppa.com, one of the most visited Finnish online retailers known for its very competitive prices, has published its financial report for the first quarter of 2021. Revenue for the period from Jan. 1 to March 31 grew by 7.0 percent year-on-year to €134.0 million (Q1 2020: €125 million), with gross ...
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ArticleDometic acquires Valterra Products
Dometic, the Swedish brand that just joined the Scandinavian Outdoor Group (SOG), has reached an agreement to acquire Valterra Products, a North American provider of service and aftermarket products primarily for the RV (recreational vehicles) industry. The acquisition expands Dometic’s service and aftermarket position with new products, a broader distribution ...
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ArticleKTM Fahrrad announces several strategic investments
Austria’s leading bicycle manufacturer, KTM Fahrrad, is considered one of the European pedelec pioneers and the largest location for electric mobility in its home country. For this purpose, the domestic market leader now even self-generates electricity. To ensure high product quality under the “Made in Austria” seal, all investments are ...
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ArticleThe North Face plans 100 percent sustainable face materials by 2025
In its latest sustainability press release, The North Face (TNF) commits to 100 percent of its apparel face materials being either recycled, renewable or regenerative by 2025. Improving the footprint of sourcing synthetic materials is a particular focus, as material-related emissions for polyester account for 53 percent of TNF’s total ...
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ArticleWeSports acquires Nordic Outdoor & Sports Group
WeSports AB, a Stockholm-based group of individual sports, outdoor and mobility companies that operates online as well as physical stores and product brands, and GOB Invest, also based in Stockholm, have acquired Nordic Outdoor & Sports Group AB (Nordic OSG), a leading Scandinavian outdoor, climbing and snow sports retail group. ...
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Moody’s upgrades outlook for Amer Sports
Providing some interesting figures on Amer Sports’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to 18 ...
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ArticleInfinited Fiber plans to invest €220 million in regenerated textile fiber factory
Infinited Fiber Company, a Finnish circular fashion and textile biotechnology group founded in 2016, is currently looking for a site in Finland to build a flagship factory to produce its regenerated textile fibers for the global market. Infinited Fiber said it will decide on the site by September. Total investment ...
