Latest News & Analysis – Page 172
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ArticlePreliminary analyses of first virtual sales conventions
The first virtual sales conventions organized by Schöffel and Oberalp went well, according to the two companies. Schöffel’s 100-percent digital sales meeting was held on May 19 and 20, involving roughly 130 participants from about 15 countries in all the major markets, more than originally expected. According to YouTube, a ...
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ArticleIspo measures the pandemic’s effects on sports retail
Ispo has released the results of a survey it launched on April 9 to determine the effects of the pandemic on European sports and outdoor retailers. Among other interesting points, the survey indicated that Covid-19 began to strike their businesses early, that many resorted to home deliveries and the internet ...
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Articlemyclimate presents new record figures for 2019
myclimate, the international carbon offset foundation, has published its annual results for 2019. The international non-profit organization with Swiss roots was able to significantly increase the total revenue from its three business areas of education, consulting and solutions, as well as the offsetting of CO2 emissions. In 2019, the total ...
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ArticleSchöffel organizes first digital sales meeting
Outdoor brand Schöffel held its first virtual sales meeting on May 19 and 20. The family-owned company from Schwabmünchen in southern Germany quickly created an extensive program with product presentations, video contributions, webinars, discussions and live broadcasts across national and continental borders. The venue for the digital sales meeting, which ...
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ArticleThe North Face, Patagonia amongst brands to support U.S. Public Lands Defense Fund
In the U.S., outdoor brands Velocio, Patagonia, and The North Face are supporting The Conservation Alliance’s effort to preserve and defend the integrity of the American public lands system in 2020. Thanks to the support of these companies, The Conservation Alliance, founded in 1989 to support grassroots environmental organizations and ...
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ArticleVF claims it can hike through the Covid storm easily
In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a flexible ...
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ArticleOdlo has a new owner
Monte Rosa Sports Holding AG, a company based in Switzerland, has acquired Odlo International, the Swiss producer of functional sports underwear, together with all its national subsidiaries, from Herkules Fund III. The transaction was completed on Wednesday, May 13, for an undisclosed price. Odlo was founded in 1946 in Oslo ...
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ArticleInuheat appoints Thiel, Schmid and Wennerholm to the board
Johan Thiel has been appointed chairman of the board of Inuheat Group, a Swedish developer of novel solutions for embedding wearable heating into clothing. Thiel served as chief executive of MIPS AB from 2013 to 2019. In 2017, he successfully guided MIPS to a public offering on the NASDAQ exchange ...
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ArticleDivestitures helped Vista Outdoor
The Outdoor Products division of Vista Outdoor, which groups brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, recorded a 9 percent drop in sales to $132 million in the fourth quarter ended on March 31, largely due to restrictions related to the Covid-19 outbreak. Sales of hydration ...
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ArticleYeti offers more shares after a good Q1
Yeti has announced a secondary offering of 15 million shares by the Seiders family and some of its shareholders. It’s the third time that insiders have sold large batches of shares since the American maker of camping coolers and drinkware went public in 2018. The latest offering came after Yeti’s ...
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ArticleHoudini releases whitepaper for a sustainable post-Covid-19 world
A year ago, when Swedish brand Houdini Sportswear launched the project to explore regenerative lifestyles that could support the goals of the Half-Earth Project, no one was expecting a coronavirus pandemic with all its consequences. With Covid-19, the world has changed in profound ways and in just a few weeks; ...
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ArticleStore closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp.’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ended on March 31, ...
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ArticleHi-Tec’s weak international sales weigh on Apex’s revenues
California-based Apex Global Brands, previously called Cherokee Global Brands, saw revenues for its fourth fiscal quarter ended on Feb. 1, 2020 fall by 10 percent to $5.5 million, as Hi-Tec and Magnum royalty revenues declined internationally. The management blamed this on the uncertainty surrounding Brexit and exchange rate fluctuations. This ...
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ArticleCallaway’s sales and profit plunge
(SGI) Callaway Golf Co. saw sales for the first quarter decline by 14 percent to $442.3 million, weighed down by the impact of Covid-19 on its golf equipment and softgoods businesses, including the recently acquired Jack Wolfskin brand. Currency fluctuations negatively affected revenues by $4 million. The gross margin decreased ...
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ArticleFenix Outdoor banks on e-commerce after a weak quarter
Martin Nordin, chief executive of Fenix Outdoor International, expressed optimism about a recovery in the outdoor industry after the coronavirus pandemic is over, considering that it has outperformed other industries during past recessions, especially in Europe. He added that the epidemic’s negative effect on travel should lead people to look ...
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ArticleThe 2018/19 ski season was this millennium’s best
The numbers for the 2019/20 snow sports season are not in yet, but it was not good apparently, partly because it was cut short by the coronavirus epidemic. However, the 2018/19 season was the best in 20 years or more in terms of visits to the ski resorts, according to ...
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ArticleStore closures weigh on Johnson Outdoors’ sales and profits
Johnson Outdoors’ earnings for its second fiscal quarter, ended on March 27, declined by 7 percent from the year-ago period to $20.4 million. In response to the Covid-19 crisis, the group has cut travel and non-essential spending, deferred capital expenditures and scaled operations down to match demand. Johnson’s total revenues ...
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ArticleOrtovox launches interactive, digital safety lab platform
In close cooperation with the Verband Deutscher Berg- und Skiführer (VDBS – German mountain and ski guide association), and its numerous professional mountain guides and athletes, the German brand Ortovox has launched an interactive multimedia training platform called “Safety Academy Lab Ice.“ The program, part of the brand’s Safety Academy, ...
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ArticleDigital presentation of Oberalp’s summer 2021 highlights and sustainability report 2019
The Oberalp Group will present the summer 2021 highlights of its Salewa, Dynafit, Wild Country, Evolv and Pomoca brands live and internationally with simultaneous translations on the Internet on May 20 at 17:00 CET. The mountain sports company with headquarters in South Tyrol, Italy, is reacting to the current restrictions ...
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ArticleBogs’ sales tumble 22%
Sales of the Bogs footwear brand from the U.S. state of Oregon, best known for their waterproof boots, declined 22 percent in the first quarter due to Covid-19, particularly in the second half of March, with store closures affecting the company’s wholesale business. Weyco, the parent company, said domestic retail ...
