Latest News & Analysis – Page 166
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ArticleChamatex to open “smart” footwear factory in France with Salomon and others
French textile producer Chamatex has teamed up with Salomon, Babolat and Millet as well as an investment company on the construction of a new footwear manufacturing facility called Advanced Shoe Factory 4.0 (ASF 4.0) in the Auvergne-Rhône-Alpes region of France. ASF 4.0 was founded by Chamatex with the goal of ...
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ArticleNew Higg tool assesses environmental impact of finished products
After last month’s release of the updated Higg MSI and the Higg Brand & Retail Module (Higg BRM) in April, the Sustainable Apparel Coalition (SAC) and its spin-out tech company, Higg Co, have launched the Higg Product Module (Higg PM), a sustainability tool that assesses the environmental impact of manufactured ...
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ArticleCanada’s MEC to be taken over by U.S. investor; co-op owners feel betrayed
The announced sale of Canada’s best-known outdoor equipment retailer, Mountain Equipment Co-op (MEC), to Kingswood Capital Management, a Los Angeles-based private equity firm, has sparked widespread discussion across Canada. MEC was founded in 1971 in Vancouver, British Columbia. To be able to shop in the store, customers had to purchase ...
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ArticleShopify moves Canadian head office, shifts to more permanent remote work
Canadian software company Shopify Inc. has announced that it will vacate its headquarters at 150 Elgin Street in Ottawa and move to an office tower on Laurier Avenue. The 170,000 square foot space served over 850 Shopify employees prior to the Covid-19 pandemic. In May, when the company announced its ...
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ArticleApex widens losses
Impairment charges of close to $10 million mostly related to the impact of the Covid-19 pandemic weighed on the profits of Apex Global Brands, previously called Cherokee Global Brands. Net loss for the parent company of Hi-Tec, Magnum, and Tony Hawk expanded by 5 percent to $1.3 million for its ...
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ArticleKlarna becomes the most valuable financial start-up in Europe
Klarna, a Swedish online payment service provider with headquarters in Stockholm, raised $650 million in an equity funding round, which values the whole company $10.65 billion. Klarna claims that the valuation ranks it as the highest-valued private fintech in Europe and the 4th worldwide. The funding round was led by ...
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ArticleCompanies are starting to switch from sea and air to rail to ship to and from China
A train loaded with Lenzing fibers, which left Vienna, Austria, on Aug. 20, reached its destination, the Xinzhu station in Xi’an, China, after only 16 days. The train, which carried 41 containers of Tencel™ Lyocell and Modal fibers with a total value of €1.8 million, covered a total of 10,460 ...
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ArticleTretorn strengthens management team in efforts to accelerate DTC transition
Tretorn, the Swedish footwear, outdoor apparel and rainwear specialist, continues to reinforce its management team as it seeks to overhaul its business model and develop direct-to-consumer channels. In the summer of 2019, the company, which was established in 1891, appointed Magnus Månsson as its new chief executive. Before joining Tretorn, ...
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ArticleTriple-digit growth in Zumiez' profits
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, bounced back in the second fiscal quarter ended on Aug.1, after a difficult start of the year due to retail lockdowns. Its net income soared by 181 percent to $25.4 million, on revenues ...
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ArticleThule Group is changing its senior management
Thule Group is forming a new senior management team to take a “global approach” to its supply chain and product development, starting on Oct 1. The change comes with the announcement that Fred Clark, business area president for the Americas region, will be retiring in early 2021, as soon as ...
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ArticleIspo Munich: New hybrid concept for 2021
Ispo.com published an interview with exhibition director Markus Hefter giving insights into the next Ispo Munich, which will open its doors from Sunday, Jan. 31, to Wednesday, Feb. 3, 2021. In the interview, Hefter explains the newly developed hybrid concept of physical and digital participation opportunities. Source: Messe ...
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ArticleNatureTrack Film Festival goes virtual in October
The third annual NatureTrack Film Festival (NTFF), usually taking place in Los Olivos, Calfornia, is going virtual due to the Covid-19 pandemic. Dozens of documentaries and short films from 21 countries will be available online for a global audience Oct. 9-18. Individual tickets for single program blocks are sold for ...
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ArticleClarus expects Black Diamond and Sierra to grow
In a presentation at this year’s virtual edition of the Gateway Conference in San Francisco, an annual invite-only conference that brings together the most compelling companies with the nation’s top investors and analysts, Clarus called the Covid-19 pandemic a “potential blessing” for its Black Diamond and Sierra brands, as new ...
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ArticlePentland Brands announces executive changes
(SGI) In an internal promotion, Chirag Patel is taking the place of Andy Long as chief executive of Pentland Brands, the owner of Berghaus, Canterbury, Ellesse, Speedo and other brands, overseeing a re-shaped executive team. Filling a new role, Long will become a director of Pentland Brands’ parent company, the ...
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ArticleJD Sports Fashion outdoor unit narrows losses
JD Sports Fashion reported narrowed interim losses at its outdoor division and was upbeat on future prospects as it pinned hopes on more people taking domestic holidays in the wake of the Covid-19 pandemic. Operating losses closed slightly to £14 million (€15.5m-$18.3m) from £16.4 million in 2019. Sales at the ...
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ArticleAmazon: The Janus-faced company
The current Covid19 crisis has accelerated Amazon’s consumer goods business exponentially. The Silicon Valley giant doubled its profits in the second quarter of this year and increased its turnover to nearly $89 billion. The share value has also nearly doubled since the middle of March. On Sept. 1, Amazon announced ...
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ArticleLGBTQ collections become mainstream for the sportswear and fashion industry
The LGBTQ (lesbian, gay, bisexual, transexual and queer) fashion market has been growing over the last decade. In recent years, an unprecedented number of mainstream brands have begun to release LGBTQ collections.
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ArticleHyosung provides environmentally friendly yarn for Osprey's Talon and Tempest series
Hyosung TNC, the South Korean supplier of textile technology, is accelerating its entry into the global market for environmentally friendly fibers by working with Colorado-based backpack specialist Osprey. According to the manufacturer, Mipan®regen robic, developed by Hyosung, is the world’s first environmentally friendly, high-strength nylon yarn. The material is produced ...
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ArticleRussian online retailers report record-breaking outdoor sales
According to the largest online stores, the continuing Covid-19 pandemic spurs on the demand for outdoor goods in Russia. During the past several years, the demand for outdoor goods has always been high during the summer season. However, this year was truly exceptional, said Maria Salnikova, director of the sporting ...
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ArticleGerman bicycle and e-bike industry defies the Corona crisis
In its latest “sentiment barometer” for the first half of 2020, the German Bicycle Industry Association (Zweirad-Industrie-Verband e.V.; ZIV) comes to the conclusion that bicycles and e-bikes have been the winners of the coronavirus crisis in Germany, while many other industries have suffered as a result of the global measures ...
