Latest News & Analysis – Page 153
-
ArticleEarth Hour 2021 is a meditation for the planet
Most people associate the annual Earth Hour, organized by the World Wildlife Fund (WWF), with a symbolic gesture of their commitment to preserving our planet by turning off all the lights. But for this year’s Earth Hour on Saturday, March 27 at 8:30 p.m. local time, WWF wants to encourage ...
-
ArticleKeen turns its process for PFC-free footwear open-source
Portland, Oregon-based footwear brand Keen has developed an open-source model for manufacturing PFC-free footwear. To support this initiative, the brand has also challenged the entire outdoor footwear industry to be PFC-free by 2025. Product developers can visit www.keenfootwear.com/Detox to view details about the detoxification process Keen has followed since 2014 ...
-
Article#PayYourWorkers initiative advocates for textile workers’ welfare during Corona crisis
More than 200 civil society organizations and unions launched a petition and global campaign on March 15 calling for reforms to support garment workers hit hard by the pandemic. The #PayYourWorkers initiative demands that brand manufacturers provide immediate support to workers in their supply chains and make enforceable commitments to ...
-
ArticleEcco had a challenging 2020, but continued to invest in the future
Danish footwear brand Ecco said it has remained financially strong despite the challenges of the year 2020. The company reported sales of €1.09 billion in 2020, down 19.7 percent from €1.36 billion a year ago. Profit before taxes reached €44.7 million, down from €195.8 million in 2019. The top priority ...
-
ArticleA difficult year for Gregory and High Sierra
Samsonite’s two outdoor backpack brands, Gregory and High Sierra, recorded a significant sales decline in 2020, like the rest of the group, because of the impact of the Covid-19 pandemic. Gregory posted a drop of 26.6 percent to $51.2 million, off by 27.5 percent on a currency-neutral basis. The more ...
-
ArticleAdidas ends 2020 with a small plus and presents new business plan with focus (also) on outdoor
As reported in detail by our sister publication SGI Europe, the Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As currency headwinds persisted, ...
-
ArticleWearables boom and players fight for market share
In a webinar hosted by the European Outdoor Group (EOG) in March, U.K.-based Futuresource Consulting reported that the overall consumer electronics market was trending downward in 2020, with Covid-19 putting pressure on supply, distribution, retail and demand. However, while some wearable categories such as smartwatches for children struggled, established devices ...
-
ArticlePAI retains control of A.S. Adventure, whose sales fell by 22.9% in 2020
We reported earlier about an agreement between A.S. Adventure Group and 12 banks, brokered by the Amsterdam District Court, to deal with its debt of €292 million. Responding to our inquiries, the company’s management indicated that the terms of the agreement are a little different from what has been reported ...
-
ArticleConzzeta in transformation - new name, search for Mammut buyer and resignation of management team
In a further step in its ongoing strategic transformation and following the publication of declining results for the 2020 financial year, the executive board of the Swiss Conzzeta Group will step down at its upcoming annual general meeting on April 21. The board of directors will also propose to the ...
-
ArticleCanyon launches in Canada
Following its successful entry into the U.S. market in 2017, and just days after Belgian investor group Groupe Bruxelles Lambert (GBL) and co-investor Tony Fadell invested in the company, German bicycle supplier Canyon Bicycles – claiming to be the “world’s leading DTC bicycle brand“ – has announced its entry into ...
-
ArticleMammut’s online sales climb, but brand is up for sale as Conzzeta is in transition
Robust online sales mitigated the impact of the pandemic on Mammut Sports Group’s results for the full year. It generated net revenue of 218.4 million Swiss Francs (€197.5m-$236.1m) in 2020, down by 16.2 percent from the previous year in constant currencies. It ended with an operating loss of CHF 24.5 ...
-
ArticleNPD study evaluates impact of Covid-19 on different distribution channels
U.S. consulting group NPD has released its latest study on the impact of the pandemic on the outdoor retail market. NPD collects its point-of-sale data from more than 600,000 retail locations, including more than 1,450 specialty sporting goods stores, as well as e-commerce and mobile platforms, and maintains offices in ...
-
ArticleHalf of A.S. Adventure Group taken over by banks in exchange for €85 million in debt
According to reports by the Dutch financial daily Het Financieele Dagblad and the Belgian business daily De Tijd report, half of the share capital of the Belgium-based A.S. Adventure Group, one of the largest omnichannel outdoor retailers in Europe, has been taken over by several of its creditors – a ...
-
ArticleCycling demand boosts Dorel Sports
Dorel Sports, Dorel Industries’ sports segment whose brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, saw its revenues increase by 13.8 percent year-on-year to $265.3 million in the fourth quarter, or by 15.9 percent in constant currencies. This marks the seventh consecutive quarter of revenue growth for Dorel Sports, ...
-
ArticleLightspeed acquires Vend to drive global retail expansion
Montreal, Canada-based omnichannel commerce company Lightspeed POS Inc. has announced the imminent acquisition of New Zealand-based competitor Vend Limited, a cloud-based retail management software company, by the end of April. The expansive move will grow Lightspeed’s customer base by more than 20,000 customer locations worldwide, roughly doubling the company’s current ...
-
ArticleInline skating compensates for Covid-19 impact on Tecnica results
The Tecnica Group reported a 9.8 percent drop in sales to €382 million for 2020 but said it still managed to further improve Ebitda by 10.7 percent to €55 million. The parent of brands such as Nordica, Blizzard, Tecnica, Lowa, Moon Boot and Rollerblade said its outdoor sales fell 10 ...
-
ArticleBogs continues to perform well
Even with low precipitation in November and December across the U.S., demand for Bogs, a footwear brand best known for its waterproof boots, remained strong in the fourth quarter, as consumers continue to spend more time outside during the pandemic. It continued to diversify its product mix, selling more lightly ...
-
ArticleLenzing ends in the red
Pressure on prices and volumes in the textile fiber segment due to Covid-19, especially in the second quarter of 2020, caused the Lenzing Group to post a loss for the full year of 2020. However, the recovery of demand in the second half of the year helped offset some of ...
-
ArticleGerman court stops regional privileges for individual retail sectors
The Higher Administrative Court has overturned the different opening rules for retailers during the Corona pandemic within the small state of Saarland in western Germany. According to the ruling, the same regulations will apply to all types of retail in the state. Since March 6, most retailers in Saarland have ...
-
ArticleZIV publishes data on German bicycle market 2020
The German Bicycle Industry Association (ZIV) released some key figures on the prospering German bicycle and e-bike market 2020 on March 10. According to managing director Ernst Brust, the past year was an unprecedented one for the German and international bicycle sector and for the bicycle industry as a whole: ...
