Latest News & Analysis – Page 157
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ArticleGoPro Q4 revenue misses estimates, but subscriber numbers soar
GoPro posted weaker-than-expected fourth-quarter revenue as Covid infections and tighter restrictions hit Christmas sales. Still, it remained upbeat over plans to become a subscription-based direct-to-consumer (DTC) operation. The action camera maker reported revenues of $358 million in the three months to Dec. 31, down 32 percent from a year earlier ...
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ArticleRecord sales for Deckers Brands
Deckers Brands’ sales surged in the third financial quarter ended Dec. 31, 2020, boosted by demand for Ugg and the continued global expansion of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 14.8 percent from the same period last year to a record $1,078 million, with ...
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ArticleA new agenda for circularity that includes textiles
A new initiative to promote the transition towards a circular economy was launched by leaders from business, government, finance and civil society during a landmark online event on Feb. 4. The Circular Economy Action Agenda was developed collectively by more than 200 experts from 100 organizations as a call to ...
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ArticleE-commerce lifts Canada Goose’s sales
Robust online sales globally have returned Canada Goose to growth in the third fiscal quarter. Revenues for the three months ended Dec. 27, 2020, progressed by 5.0 percent to 474.0 million Canadian dollars (€309.5m-$363.8m). E-commerce was a bright spot, surging by 39.3 percent, which partly offset store closures of 30 ...
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ArticleColumbia bounces back in Q4
Columbia Sportswear Company performed better than expected in the fourth quarter and predicted that results would return to its 2019 level next year. The group’s net income was down by 16 percent from the year-ago quarter to $95.8 million, a strong improvement from the third quarter. The bottom line includes ...
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ArticleISPO and EOG announce Outdoor by ISPO Global Summit Edition in July, physical and digital
Source: ISPO Munich Online 2021 On Feb. 5, Tobias Gröber, executive director business unit consumer goods Messe München, and Mark Held, president of the European Outdoor Group (EOG), announced in their impulse speech at ISPO Munich Online that Outdoor by ISPO will return to Munich on July ...
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ArticleVista Outdoor’s momentum continues
Vista Outdoor reported another record set of results for the third quarter, after a better-than-expected second quarter, led by ammunition sales and revenues from the recently-acquired Remington business. The U.S.-based manufacturer of ammunition and outdoor sports products said that sales surged by 35 percent in the three months ended Dec. ...
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ArticleISPO Open Innovation becomes ISPO Collaborators Club
The ISPO Group announced at the ISPO Munich Online trade show event that it is expanding its ISPO Open Innovation platform and turning it into the ”ISPO Collaborators Club.” So far, the crowdsourcing platform has brought brands and consumers together to test sports products, develop new ideas and share them. ...
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ArticleMyStromer opens EU service center in the Netherlands
On Feb. 1, Swiss s-pedelec pioneer MyStromer opened a new EU service center in Treurenburg, the Netherlands. Kobe Broos, former market manager, Stromer Benelux, was appointed managing director of the new subsidiary Stromer Europe B.V. In a first step, accessories and spare parts for EU customers will be delivered directly ...
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ArticleBezos hands over leadership of Amazon
Jeff Bezos will hand over the chairmanship of Amazon’s board in the third quarter of 2021 to Andy Jassy, the head of the cloud business Amazon Web Services (AWS). Amazon made the announcement on Feb. 2 after the U.S. stock market closed in Seattle. Source: Amazon Jeff Bezos ...
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ArticleAmer Sports appoints new CEO for Arc’teryx, plans to accelerate DTC
Amer Sports has announced the immediate appointment of Stuart Haselden, a retail industry executive, to the newly created position of CEO of Arc’teryx Equipment, based in Vancouver, Canada. He succeeds Jon Hoerauf, Arc’teryx’ president, who has decided to leave the company to pursue other plans. In his new role, Haselden ...
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ArticleSocks by Darn Tough and “Bernie mitten” maker Jen Ellis sell out in 24 hours
Sock maker Darn Tough Vermont and mitten maker Jen Ellis partnered to make a custom premium Merino wool sock that mimics the now-famous mittens Bernie Sanders wore on Inauguration Day. The socks, called JENerosity, were to benefit the Vermont Foodbank and sold out within a single day. Source: ...
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ArticleAre digital trade shows here to stay?
Source: OR Winter Online Many trade shows moved to digital platforms due to Covid-19 in 2020. It is too early to tell if 2021 will continue the pattern, but outdoor industry giant Emerald Holding Inc. just held its 2021 Surf Expo show in Orlando, Florida, live and ...
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ArticleE-bike frame manufacturer Astro cooperates with electronics giant Darfon
To further advance the electrification of bicycles, Taiwan’s high-end OEM and ODM frame manufacturer Astro Engineering has entered into a cooperation with laptop/computer keyboard and electronic component manufacturer Darfon Electronics. On Feb. 1, this new strategic alliance officially became Astro Tech Co. Ltd. Based on the essence of e-bike design, ...
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ArticleISPO Munich Online 2021: Overview and most important links
Under the motto “Sport is stronger,” this week’s ISPO Munich Online ( Jan. 1-5) will offer a great variety of new products, market trends and networking. In addition, attendees will have the opportunity to discuss important social issues for the future from a sports perspective. Due to the ongoing Covid-19 ...
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ArticleSafilo's Q4 sales growth driven by North America and Asia-Pacific
Safilo’s fourth-quarter revenues rose by 3.0 percent at constant exchange rates thanks to strong gains in North America and Asia-Pacific, while European sales were hit by Covid-19-related lockdowns and a lack of tourists. However, on a reported basis, the company’s sales were down by 2.1 percent to €225.6 million. The ...
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ArticleUnifi ends 2020 on a higher note
Unifi, a U.S.-based textile manufacturer of synthetic and recycled performance fibers, saw stronger-than-expected results in the second fiscal quarter ended Dec. 27, 2020. Net sales were down by 4.0 percent from the year-ago quarter to $162.8 million, resulting from lower selling prices connected with lower raw material costs and currency ...
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ArticleEurope helps drive VF Corp’s momentum
After posting a loss for the first quarter of its financial year, ended June 30, VF Corp. bounced back in the second quarter, and the third fiscal quarter ended Dec. 31 confirmed this recovery, driven by Europe and China. The good progress, which was attributed in part to investments made ...
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ArticleSalomon announces new sustainability goals, introduces XC ski core made of recycled PET foam
Salomon announced the implementation of a new, more sustainable design ambition across its entire winter sports category in addition to its 2019 Play Minded Program. The program includes, amongst other goals, the encouragement of consumers to act responsibly outdoors. Part of the program was also a concept performance road running ...
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ArticleGreenstorm Mobility: new majority shareholder, new management
Greenstorm Mobility, a young Austrian e-mobility company that combines e-mobility with a sharing and second-hand concept, has a new majority shareholder and a new management duo. While a British private equity firm, Bregal Milestone, invested a “double-digit million amount” in 2018, it now gave another unspecified cash injection, making it ...
