Latest News & Analysis – Page 156
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ArticleDelivery problems take their toll on multichannel supplier Rose Bikes
After an extremely successful 2020 fiscal year with a 34 percent increase in sales, the Corona pandemic’s economic effects are now hitting German B2C bicycle supplier and retailer Rose Bikes. The Bocholt-based company speaks of a “lack of delivery reliability on the part of Asian component manufacturers. This has direct ...
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ArticleYeti’s sales and profits rocket
Yeti, the American brand of coolers and drinkware and other outdoor equipment, recorded a 26 percent gain in revenues for the three months ended Jan. 4, 2021, to $375.8 million, driven by strong growth in direct-to-consumer (DTC) sales. Products in the Coolers & Equipment and Drinkware segment led sales, as ...
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ArticleVF expands the role of equity in its labor policy
In line with its Council to Advance Racial Equity (CARE) and Inclusion, Diversity, Equity and Action (IDEA) initiative, VF Corp. is implementing a number of new measures in its labor policy. “All VF employees will participate in a foundational inclusion and diversity learning journey to ensure they share a common ...
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ArticleRip Curl continues to support Kathmandu’s performance
The acquisition of Rip Curl in October 2019 was a good one for Kathmandu Holdings. In a preliminary trading update, the Australian group said that its revenues for the six months ended on Jan. 31, 2021, progressed by 12 percent from the year-ago period, as Rip Curl’s strong performance offset ...
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ArticleNewell’s sales up by 2.5 %
Newell Brands’ revenues for the fourth quarter rose by 2.5 percent to $2.7 billion, as a core sales gain of 4.9 percent was partially offset by currency headwinds and divested businesses. The management said that it ended the fourth quarter on a very strong note, with six out of eight ...
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ArticleJack Wolfskin’s parent records higher losses on higher sales
Callaway Golf Co. saw its net loss in the fiscal fourth quarter deepen to $40.6 million, compared with a loss of $29.2 million last year. However, sales surged by 20.2 percent to $374.6 million, led by strong demand in the golf equipment segment and a quicker-than-expected recovery in the softgoods ...
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ArticleMips: Bicycle boom boosts bike helmet sales
For Sweden’s Mips AB and its Brain Protection System helmet technology (BPS), the 2020 fiscal year ended with a historic fourth record quarter. The quarterly and annual growth was driven primarily by the sports helmet category and bicycle helmets in particular. After a challenging spring with extensive store closures in ...
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ArticleRapala bounces back in the second half of 2020
The Finnish manufacturer of fishing lures had a difficult start in 2020, ending the first six months with a net loss of €3.8 million due to the impact of lockdowns. But in the second half, business picked up for Rapala VMC, as fishing gained popularity as an activity that is ...
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ArticleReGenerative Agriculture: How natural ingredient sourcing can create a climate positive garment
ReGenerative Agriculture (ReGenAg) is becoming a buzzword with several brands: Patagonia is using this type of cotton, Finisterre is sourcing the wool, Timberland – the leather, while The North Face (TNF) has already launched product using this wool but is currently integrating the cotton within their supply chain. The trend ...
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ArticleTecnica launches ski boot recycling project
Tecnica has introduced Recycle Your Boots, a project that aims to promote the circular economy by transforming old, used boots into second-generation materials. A ski boot is made of up to 120 components, which typically end up in the landfill, the company explains. Any skier who plans to buy a ...
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ArticleBrand relaunch for Pyua
The German brand Pyua, which has stood for sustainable outdoor clothing since its inception in 2008, has unveiled a new brand identity that is intended to stand even more uncompromisingly for its sustainability mission. For the brand relaunch, Pyua has focused on three principles: Purity, Versatility and, above all, Circularity. ...
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ArticleVF plans to eliminate single-use plastic packaging by 2025
VF Corp. has announced new sustainable packaging goals, defined as “a critical component of VF’s global sustainability strategy” for its large portfolio of brands, including The North Face, Vans, Timberland, Icebreaker and Eastpak, among others. The new targets revolve around the following four pillars : Eliminate all single-use plastic ...
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ArticleRobust sales and earnings for Thule
Swedish Thule Group saw its sales soar by 32.6 percent from the year-ago quarter to 1,605 million Swedish kronor (€159.3m-$193.2m) or 44.6 percent in constant currencies. Net income jumped to SEK 164 million (€16.3m-$19.7m), from SEK 30 million for the fourth quarter of 2019. The gross margin expanded by 1.8 ...
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ArticleMesse München sees first ISPO Munich Online as a success
Messe München has hailed its first fully digital ISPO Munich Online, which took place Feb. 1-5, as a success shared with the industry, thanks to its commitment to the world’s leading sporting goods event. According to the organizer, the virtual Expo Area, with 545 exhibitors, and the complementary congress with ...
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ArticleShimano reports a good year
Despite restrictions across the world in response to Covid-19, interest in bicycles and fishing boosted demand for Shimano’s products. The Japanese company’s sales in 2020 were up by 4.1 percent from 2019 to 378,040 million yen (€2.98bn-$3.61bn), while net income increased by 22.5 percent to ¥63,472 million (€501.2m-$606.5m). The gross ...
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ArticleFenix ends 2020 in the red
The Fenix Outdoor International group posted weak results for the fourth quarter of 2020. The management said that the quarter started well, with strong reorders and brick-and-mortar sales that were showing signs of improvement. However, the second wave of the pandemic and civil unrest in the U.S. – which led ...
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ArticleBike Exchange: IPO on Australian Stock Exchange
Source: Bike Exchange The Australian company behind Bike Exchange, Rpro Holdings Limited, went public with its “world’s leading digital bike marketplace.” Since Feb. 9, the marketplace has been listed on the Australian Securities Exchange (ASX) in Sydney under the name Bike Exchange Limited. The share code is ...
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ArticleJohnson Outdoors sees good results in Q1
Johnson Outdoors delivered another strong quarter thanks to robust sales of fishing, camping and watercraft recreational products. The management said that the pandemic has resulted in increased consumer interest and participation in the great outdoors, which created a high demand for outdoor products during the last half of the prior ...
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Article2020 another record year for Pierer Mobility
According to first preliminary figures, Austrian two-wheel giant Pierer Mobility AG closed the 2020 fiscal year with its tenth record in a row. The group sold a total of 326,471 motorcycles and e-bikes. With this number, the stock-listed company generated total sales of €1.53 billion in 2020. However, this is ...
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ArticleEU panel proposes restrictions on lead use in fishing and outdoor firearms use
The European Chemicals Agency (ECHA) has brought forward a proposal for further EU-wide restrictions on the use of lead in fishing sinkers and lures, and ammunition for hunting and outdoor sports shooting. The proposal addresses the risks of lead in these activities to people, wildlife and the environment. ECHA assessed ...
