Latest News & Analysis – Page 161
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ArticleGermany’s BSI calls for European supply chain regulations
(SGI Europe) Responding to a petition made by Greenpeace and other associations and individuals in July, German Chancellor Angela Merkel has initiated a debate over proposed legislation that would oblige companies with 500 or more employees to comply with human rights standards in their global supply chain. Among other things, ...
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ArticleEOCA surpasses “Plastic Free” target
The European Outdoor Conservation Association (EOCA), the initiative from the European outdoor industry with the objective of protecting wild areas, has smashed its two-year target to clear 3,000 km of habitat, trail and beach of plastic waste and pollution, clearing a total of 4,183 km. As an organization raising money ...
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ArticleHeiQ now listed on the LSE
On Dec. 7, thanks to a reverse takeover into Auctus Growth Plc, the textile materials company HeiQ was listed on the London Stock Exchange, under the ticker symbol HEIQ. The stock was oversubscribed on issue and raised £60 million (€66m-$80m) before expenses. The new public interest in the company doubtless ...
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ArticleGore and Bionic Yarn collab to develop textiles made from ocean-bound plastics
W. L. Gore & Associates and Bionic Yarn, a material engineering company from New York, have announced a collaboration to drive the development of a high-performance textile made from traceable, recycled plastic. Gore said it recently made an equity investment in Bionic to help streamline its fiber supply chain and ...
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ArticleFrance postpones the start of winter season clearance sale to January 20
The French government has postponed to Jan. 20 the start of the winter clearance period from its initial date of Jan. 6. The clearance period will last four weeks. In radio interview with RMC/BFM TV, the Economy Minister, Bruno Le Maire, added that the measure is aimed at helping small ...
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ArticleGerman consumers won’t save on Christmas gifts
According to the latest GfK survey, consumers in Germany plan to spend an average of €330 on Christmas gifts this year, which translates into a potential sales volume of €19.8 billion for this important year-end sales period. The second wave of Covid-19 is unsettling consumers in terms of economic and ...
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ArticleZumiez posts good results in Q3 thanks to Blue Tomato and Fast Times
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, performed well in the third fiscal quarter ended on Oct. 31, thanks to a good performance outside its core North American market. Its net income soared by 51.5 percent from the year-ago quarter ...
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ArticleAre we going to ski this winter? An Update
As previously reported, despite the German, Italian and French governments’ efforts to reach a uniform regulatory framework, there is still no joint European roadmap for the opening of ski resorts during the Covid-19 pandemic. In addition to Switzerland, Sweden, and Bulgaria, which refuse to restrict ski lift operations, the Austrian ...
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ArticleNew outdoor brand Artilect to hit stores next year
A new outdoor brand, Artilect®, has announced its launch on the global market. The founders of the brand, based in Boulder, Colorado, are Trent Bush and Corry Taylor. Bush is no stranger to building brands. He founded his first brand, the Twist Clothing Company, in the early 1990s. Since then, ...
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ArticleRapala rolls out 13 Fishing to over 25 countries
Rapala VMS Corporation, a Finnish manufacturer of fishing lures, equipment and tools, has started the international rollout of a brand for recreational fishing called 13 Fishing. In July, Rapala acquired a total of 49 percent of the share capital of Clearwater, Florida-based DQC International Corp., which owns 13 Fishing. Prior ...
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ArticleSkylotec receives government funding for protective mask production facility
Skylotec is expanding its portfolio to include respiratory protection. The professional and sports climbing and safety gear specialist has invested in five modern production machines and will produce medical face masks and masks for light respiratory protection (FFP masks) beyond the corona pandemic. The German family-owned company has received a ...
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ArticleShopify reports new records for Black Friday/Cyber Monday weekend
After releasing record Black Friday results a few days ago, the Canadian e-commerce software company Shopify has updated its data for the entire Black Friday/Cyber Monday weekend. The more than one million Shopify-powered brands around the world have reported sales of $5.1+ billion. From Nov. 27 through Nov. 30, total ...
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ArticleBurton sells Channel Island Surfboards
After purchasing the brand in 2006, Burton Snowboards has now decided to sell the Californian surf brand Channel Islands Surfboards back to a group led by members of the Channel Islands management team. Founded in Santa Barbara in 1969 by Al and Terry Merrick, the company is now headquartered in ...
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ArticleMarket for fishing gear to grow by 4% CAGR 2021-2027
According to a new report by Allied Market Research, a market research and business-consulting wing of Allied Analytics, the global fishing equipment market will grow by a compound average annual growth rate (CAGR) of 4 percent from 2021 to 2027, reaching $16.10 billion by 2027. The emergence of innovative fishing ...
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ArticleAre we going to ski this winter?
Europe is dividedWith the ski season approaching, a discussion about winter sports during the Corona crisis has flared up. Italy’s Prime Minister Giuseppe Conte wants to keep ski resorts closed at least until Jan. 10, 2021. The German Chancellor Angela Merkel is calling for a joint decision by the member states of ...
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ArticleOutdoor stands out at Schwan Stabilo
The outdoor division of the German Schwan Stabilo Group recorded a drop in revenues for its financial year ended June 30, 2020, due to pandemic-related lockdowns from mid March to early May 2020. Sales declined by 5.1 percent from the previous year to €159.7 million. All four brands in the ...
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ArticleKathmandu’s revenues keep surging thanks to surf label Rip Curl
Following record sales for its financial year ended on July 31, boosted by the acquisition of Rip Curl in October 2019, Kathmandu Holdings kept the momentum going during the start of its new financial year. In a trading update, the company said that revenues for the first fiscal quarter ended ...
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ArticleA quarter of European firms need support or face a cash shortage in 2021
About a quarter of companies in the Eurozone will need more government support in 2021 to avert a cash-flow crisis, according to the French credit insurance company Euler Hermes. “The first wave of Covid-19 lockdowns caused a stronger-than-expected profitability shock for most European non-financial corporate” during the first half of ...
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ArticleBritish delivery service fears uncontrollable Black Friday
London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a £5.55bn (€6.2bn-$7.4bn) on Black Friday-Cyber ...
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ArticleJack Wolfskin has found a new CEO
Richard Collier will be the new chief executive officer of Jack Wolfskin, effective Dec. 1. In this function, the 47-year-old Briton will be responsible in particular for the successful continued development of the strategic brand positioning and the further internationalization of the brand. He succeeds Melody Harris-Jensbach, who has been ...
