Latest News & Analysis – Page 174
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ArticleInterview with Heiner Oberrauch, president of the Oberalp Group
Heiner Oberrauch Source: Oberalp Group We recently heard a lot about the Salewa brand and its operational decisions and support programs during the Covid-19 crisis. After the interview with Salewa’s managing director Stefan Rainer, the Compass now had the opportunity to speak to Heiner Oberrauch, president of ...
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ArticleCovid-19: Letter from Mark Held, EOG President
Source: European Outdoor Group Mark Held, EOG President Mark Held, the president of the European Outdoor Group (EOG) has issued an open letter to the outdoor industry, urging businesses to work together during the Covid-19 pandemic, in order to help as much of the sector as possible ...
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ArticleThe industry’s reaction to the Covid-19 pandemic
(SGI+) We hope you have already made use of our “Corona tickers” on our SGI Europe and Outdoor Industry Compass websites, which provide you with a constant stream of new information on what the industry is doing to combat the spreading Covid-19 pandemic. We believe it is important to let ...
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ArticleThe industry stock value dips by 32.3% in Q1 2020
In a highly volatile market for stock-listed equities in general, the share price of 12 major publicly trading companies that play a substantial role in the outdoor sporting goods market declined on average by 32.3 percent between the beginning of this year and March 27, due to the coronavirus pandemic. ...
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ArticleAustrian retail associations join forces to prevent bankruptcies
For some of the approximately 950 members represented by the seven specialized trade associations in Austria across different sectors of consumer goods (EK Servicegroup Austria, Interspiel, ModeRing, ANWR Garant Austria, Sport 2000 Österreich, Vedes and Spielzeug-Ring), the current business shutdowns due to the Covid-19 crisis could easily end in bancruptcy. ...
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ArticleGregory continues to outperform
Gregory Mountain Products continued to outperform other brands in the portfolio of Samsonite International last year including High Sierra, the group’s more lifestyle-oriented brand of backpacks. Gregory raised its total turnover by 20.3 percent to $69.8 million in 2019, rising by 21.0 percent in constant currencies. The growth was driven ...
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ArticleWolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate through ...
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ArticleRecap of the OIA Annual General Meeting 2020: Climate, Covid-19 and Brexit
by Charles Ross The Outdoor Industries Association (OIA) Annual General Meeting (AGM) started on Monday, March 16, at a time when everything was changing with speed in the UK. Developments with Covid-19 meant that only half the registered delegates turned up to the annual conference. The audience ...
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ArticleSalewa cancels SS 2021 textile collection: Interview with Stefan Rainer
To support its retailers during and beyond the ongoing Covid-19 pandemic, the Italian outdoor brand Salewa decided to skip the SS 2021 textile collection. Outdoor Industry Compass spoke with Stefan Rainer, managing director of Salewa, about the rationale and context of this decision. Source: Alex Moling/Storyteller-Labs Stefan Rainer, ...
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Contradictory reports from Russia on the coronavirus epidemic
(SGI) Russian sporting goods retailers reported a 28 percent increase in sales during the first week of March as compared to the same period of the previous year, according to the Russian government. The explanation offered by Tass, the state-owned news agency, is that the coronavirus epidemic has encouraged a ...
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ArticleAdventure travel and outdoor experiences: The way out?
The areas of outdoor equipment, outdoor retail and outdoor travel are moving closer together. Several premium outdoor brands have already acquired or partnered with outdoor guides and tour operators, the most recent examples are Norrøna Hvitserk Adventures and Arc’Teryx Trips or Jack Wolfskin’s Wolftrail, but let’s not forget the Mammut ...
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IFH predicts 10-year decline in German retail outlets; March ifo index plummets
(SGI+) The German Institute for Trade Research (IFH), based in Cologne, recently published a report, titled “Trade Scenario 2030,” predicting another large-scale reduction of stores in Germany over the next 10 years. By 2030, according to the IFH, the number of German retail companies will decrease again by up to ...
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ArticleAnta has a strategy for loss-making Amer
(SGI) Anta Sports Products reported a 30.3 percent increase in net income to 5,344 million yuan renmimbi (€695.4m-$752.2m) for 2019, while revenues increased by 40.8 percent to RMB 33,927 million (€4.4bn-$4.5bn). The gross margin and the operating margin reached a five-year high, but the net profit margin fell to record ...
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Evo uses vacation days to fund hourly pay
Evo, an American multi-channel retailer of outdoor gear and fashion apparel, has encouraged its executives to give up vacation days and transform them into hourly pay for workers on furlough because of the coronavirus pandemic. So far at least 37 of them have made the sacrifice, each donating eight to ...
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ArticleGlobal recession expected, hopefully short-lived
(SGI) While the consumption of non-essential items like sporting goods is declining in Europe, the U.S. and some other parts of the world hit by the coronavirus pandemic, store traffic is picking up in China after having fallen by as much as 80 percent at the peak of the outbreak, ...
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Covid-19: Companies take action
While many countries around the world have imposed severe measures like stay at home or curfews to prevent the spread of the coronavirus, some sporting goods manufacturers are using the collapse in demand for common consumer goods to convert their production capacities to help in this crisis. According to the ...
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ArticleNo pressure for the sale of Mammut
As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group. Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic uncertainty. For ...
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ArticleHeiQ and Polygiene help defeat coronavirus
HeiQ draws attention to the fact that its Viroblock NPJ03, an antiviral and antimicrobial textile treatment, has been tested effective against coronavirus in face-mask testing, reducing virus infectivity by more than 99.99 percent. The treatment could therefore prevent textiles from becoming a host surface for the propagation of harmful viruses ...
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ArticleHow the industry is affected by (and dealing with) the Coronavirus
We have already given you some information about the coronavirus situation on the websites of SGI Europe and the Compass in the past weeks, but of course there are new developments every day and hour. The explosion of the coronavirus pandemic, which now has Europe completely under control, has prompted ...
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ArticleIt’s Great Out There Coalition announces first 2020 grants
The It’s Great Out There Coalition, an international non-profit association launched in 2017 by the European Outdoor Group (EOG) and supported by some of the biggest outdoor companies and associations in Europe, has announced details of the first projects that will benefit from its grants program in 2020. Two #itsgreatoutthere ...
