Latest News & Analysis – Page 154
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ArticleOnline retailer Bergfreunde continues to grow
Online outdoor retailer Bergfreunde GmbH (bergfreunde.de), part of the U.S. Backcountry Group (backcountry.com), has announced annual sales of €155 million for its fiscal year 2020, a plus of 41 percent compared to the previous year. According to the online-only retailer, the increase was due primarily to the Corona pandemic, which ...
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ArticleBlack Diamond parent Clarus sees strong growth
Clarus Corp, the parent company of Black Diamond and Pieps, announced that revenues in the fourth quarter surged by 24 percent to $75.9 million, or by 23 percent in constant currencies. This was mostly due to the company’s ammunition division, particularly gains in the Sierra Bullets business and an additional ...
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ArticleU.S. bike dealers association supports The Big Gear Show
Last year, the organizers of the new U.S. trade show The Big Gear Show (BGS) had to cancel its premiere due to Corona and postpone it to this year – with some major changes: The B2B2C (indoor) show originally planned for Salt Lake City, Utah, has become an invite-only B2B ...
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ArticleFirst Benno e-bikes in use for African pilot projects
Since the end of January, three cargo bikes from the U.S. e-bike company Benno Bikes have been in solar power use in the West African country of Benin. As part of a mobility pilot project, Ibee Studer, a Swiss industrial engineering firm specializing in the development, financing and operation of ...
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ArticleInternational Women’s Day:
From botanics to athleticsOn today’s International Women’s Day, my memory zooms back to the early 1990s. Having worked in the outdoor industry for nearly 30 years, I have experienced a tremendous journey that is not over yet. Back then, the understanding was that things sell better to women if they have something botanical ...
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ArticleCalida may be looking at strategic options for its outdoor brands
Swiss diversified group Calida said it was looking at “strategic options” for its French Millet and Lafuma outdoor brands following the already-completed sales of the Eider and Oxbow labels. The company said Millet and Lafuma “declined perceptibly” – due to Covid-19 curfews in France – as it reported its 2020 ...
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ArticleWill IAA Mobility become the new bicycle platform?
With its completely revised concept as a comprehensive show for mobility providers, the new IAA Mobility in Munich also aims to offer the bicycle segment an attractive platform. Like IAA in Frankfurt in the past, IAA Mobility under the aegis of Messe München will primarily be a B2C event. To ...
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ArticleAccell reports strong results, headed by Europe
The post-Covid boom in the bicycle sector fuelled the revenues of Accell Group in 2020, which soared by 17.0 percent organically from the previous year to €1,296 million, thanks mainly to sustained high demand for bicycles, parts and accessories across Europe. The results do not include the group’s former operations ...
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ArticleGermany plans to protect human rights with Supply Chain Act
On March 3, the German federal government approved a bill that aims to force local companies to respect human rights in their global supply chain. Parliament is expected to pass the draft legislation, commonly referred to as the Supply Chain Act, by the middle of the year. The legislation is ...
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ArticleGermany extends lockdown; England eases the rules
On March 3, the federal-state conference in Germany decided on how to further extend its present lockdown for non-essential retailer operations until March 28 to help fend off the Covid-19 virus. Like in the U.K., it will be phased out in stages, but retailers are furious, partly ...
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ArticleIt’s Great Out There Coalition launches Outdoor Activity Days concept
Introducing the new #itsgreatoutthere Outdoor Activity Days concept, the It’s Great Out There Coalition wants to allow more companies, organizations and individuals to get actively involved in the campaign while receiving clear and measurable results for every contribution to the organization. From now, the coalition will underpin ...
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ArticleEurobike still on course for physical event in September
Messe Friedrichshafen reports that, irrespective of the currently still pending political framework for holding trade shows, there is high interest in the international bike industry for Eurobike 2021. More than 800 exhibitors have already registered for the 29th edition of the show, which is scheduled to take place Sept. 1-4 ...
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ArticleThe North Face launches campaign and collection celebrating women
For International Women’s Day on March 8, The North Face (TNF) launches the Explore Everyday campaign, celebrating women who push boundaries, who move mountains big and small, who are proud to be different and lead the way so others can follow their example. Source: The North Face IWD ...
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ArticleVF Foundation releases first Impact Report
The VF Foundation, the philanthropic arm of VF Corp. established in 2004 with global headquarters in Denver, has released its first report detailing the positive impact its financial grants and philanthropic partnerships have had on more than four million people in 53 countries over the past year. From April 2019 ...
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ArticleSAC and Higg release a new value-chain tracker
About 500 brands – among them Walmart, Patagonia, Nike, H&M, Zalando, Benetton and VF Corp. – will be using the latest version of the Higg Brand & Retail Module (BRM) for the next two years. Developed by the Sustainable Apparel Coalition (SAC) and Higg, the BRM is designed to evaluate ...
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ArticleBamboo producer buys 31.8% of Merida Italia
Forever Bambù, a company active in the cultivation of giant bamboo through biodynamic and symbiotic agriculture, has acquired 31.8 percent of Merida Italia, the Italian branch of Taiwan’s Merida Corporation. The transaction was carried out as part of a €2 million capital increase, of which €750,000 were signed by Forever ...
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ArticleRecord quarter for Fox
Fox Factory Holding Corp., which manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, achieved record fourth-quarter sales, rising by 41.2 percent to $262.4 million. This increase reflects a 44.6 percent rise in its specialty sports group sales and a 38.7 percent gain in the ...
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ArticleWolverine sees weak results, but remains hopeful for 2021
The year 2020 was a difficult one for Wolverine Worldwide. Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in the ...
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ArticleBoa helps drive strong Q4 at CODI
U.S. investment and holding company Compass Diversified (CODI) reported better-than-expected fourth-quarter net income, boosted by its acquisitions of Marucci and Boa Technology. The company said net income for the three months to Dec. 31 rose to $8.8 million from $5.4m a year earlier. Sales in the period increased to $475m, ...
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ArticleHartje and Mavic cooperate in Benelux and Denmark
Effective March 1, German bicycle wholesaler and importer Hermann Hartje KG will distribute the French brand Mavic in Benelux and Denmark. In Germany, Mavic S.A.S. currently still distributes its products with its own team. Both partners have a long history: Hartje has been around since 1895, Mavic since 1889. In ...
