Latest News & Analysis – Page 175
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ArticleLenzing focuses on specialty fibers to achieve sustainable growth
Due to a “historically difficult” market environment in 2019, Lenzing posted lower revenues and earnings for 2019. Sales reached €2,110 million, down by 3.3 from the previous year, hampered by lower selling prices and standard fiber volumes, the company said. The Ebitda margin narrowed by 2.1 percentage points to 15.5 ...
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ArticlePolartec starts to make some more noise
Polartec wants to raise its brand awareness with a bigger marketing budget under the ownership of Milliken & Company, the big American textile group that took over the fleece fabric producer a few months ago (Compass Vol. 12 N° 11+12 of June 28, 2019). It has already changed its logo, ...
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ArticleThe North Face is exploring new territories
The North Face is reserving some interesting new surprises in its footwear range for the spring/summer 2021 season, to be presented at the OutDoor by Ispo show in Munich later this year. At the last Ispo show in Munich, the brand created a sensation with its highly technical “Advanced Mountain ...
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ArticleClarus buys a case maker, after making further progress
Clarus Corporation, the parent company of Black Diamond, Sierra Bullets and SKINourishment, continues to make acqusitions in adjacent sectors. It has announced the takeover of SKB Corporation, a leading U.S. producer of protective cases. The purchase price of around $96 million will consist of $85 million in cash and 1,153,846 ...
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ArticleGrowing Hoka One One moves into apparel
Hoka One One, the fast-growing running footwear label of Deckers Brands, is launching its first apparel line for runners, walkers, fitness enthusiasts and outdoor adventurers. For the moment, the 27-piece collection for men and women will only be available online at the brand’s American website, hokaoneone.com. Twenty items are also ...
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ArticleU.S. cooler manufacturer Igloo turns green
Igloo, a U.S. cooler specialist, founded in 1947, has revealed a new business category focusing on community stewardship and education through more thoughtful products and initiatives – in short: Igloo wants to become the most eco-friendly cooler maker in the world and shrink its footprint considerably. In 2019, the company ...
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ArticleMyclimate Germany enables CO2 offsetting through German bog project
With the carbon offset project “Renaturation of the Königsmoor in Schleswig-Holstein”, myclimate Germany offers private individuals and businesses the opportunity for the first time to offset CO2 via a German carbon offset project. myclimate Germany, based in Reutlingen, Baden-Württemberg, is a non-profit climate protection organization and subsidiary of the Swiss ...
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ArticleA year of restructuring for Lafuma ahead of divestitures
(SGI+) Groupe Lafuma made efforts in 2019 to adapt to structural changes in its markets and in customer consumption patterns, with a decline in physical store traffic and an increase in online activity. The management said consumers now have higher requirements in terms of sales channels, innovation, quality, sustainability, proximity ...
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American Outdoor Brands lowers guidance on coronavirus fears
American Outdoor Brands’ shares plunged by 30 percent after it sharply lowered its guidance for the current financial year, owing to the negative effects of the coronavirus outbreak. The parent company of Smith & Wesson and other operations now expects sales to stand between $650 and $660 million, down from ...
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ArticlePrimaloft will make more noise
(SGI) No figures are available, but Primaloft is said to have become very profitable after growing for a while at a double-digit rate every year. Some of the profits are going to be reinvested in consumer-oriented advertising to build up brand awareness, probably starting with the autumn/winter 2021 season, to ...
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ArticleThe outdoor market looks a little brighter
A preliminary survey conducted by the European Outdoor Group (EOG) among its members indicates that the European outdoor industry apparently fared better last year than in 2018, when its deliveries to the trade fell by an estimated one percent to €5.81 billion.
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ArticleRocky Brands’ momentum continues
After several quarters of good results, Rocky Brands ended the year on a high, scoring a net income increase of 41.0 percent for the fourth quarter to $5.1 million, on revenues that went up by 12.1 percent to $75.3 million, both exceeding analysts’ forecasts. The management attributed the significant improvement ...
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ArticleMontane has found an investor
A Scottish investment company based in Edinburgh, Inverleith, signed a deal last Friday to take over majority control of Montane for an undisclosed price. It has also agreed to invest in the business to recruit new managers, to expand its office in northern England, to boost product development and marketing ...
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ArticleThe winners of the 2020 Scandinavian Outdoor Awards
The annual winners of the Scandinavian Outdoor Awards (SOA) for next year’s autumn/winter season were announced by the Scandinavian Outdoor Group (SOG) at Ispo Munich. The international jury, which included experienced outdoor journalists and retailers, evaluated 25 products nominated on to the criteria of design, innovation, functionality, quality and sustainability. ...
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ArticleCorona infecting the sports and outdoor industries
On Dec. 31, 2019, the World Health Organization (WHO) country office in China was informed of a cluster of patients with pneumonia of unknown cause in Wuhan, a city of 19 million people in the Hubei Province of China. Since then, we have been witnessing the spread of the coronavirus, ...
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Assosport releases a statement on coronavirus
(Updated March 15) Assosport, the association of the Italian sporting goods industry, has published an open letter to its members from its president, Federico De Ponti, in relation to the coronavirus crisis. In the letter, De Ponti explains that Assosport has taken action through Confindustria, the Italian employers’ federation and ...
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ArticleEOG: New team members and ambitious goals
The European Outdoor Group (EOG), which currently federates 110 of the world’s leading industrial and retail companies from the outdoor sector, has announced its priorities for the coming years. The focus will be on three pillars: Doing business right with the help of business intelligence; preserving the outdoors; and getting ...
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ArticleVista Outdoor may be turning the corner
Vista Outdoor has reported a 4 percent increase to $45.1 million for Camelbak and Camp Chef in its third quarter ended on Dec. 29, thanks to good sales during the Christmas shopping period. The launch of 16 new websites for these and other brands in its Outdoor Products division, including ...
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ArticleYeti’s multi-channel efforts paid off in 2019
The American Yeti continued to grow strongly last year. In the fourth quarter, the American supplier of coolers, drinkware and other outdoor equipment recorded a 23 percent gain in revenues to $297.6 million, driven by strong growth in direct-to-consumer (DTC) sales, which increased by 35 percent to $149.0 million. Wholesale ...
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ArticleEuroShop 2020: these trends determine the retail business of the future
What are the trends in retail design and retail technology? Which new solutions does the international shopfitting scene present to retailers? Düsseldorf’s international shopfitting trade fair, EuroShop, was able to provide a clear answer to these questions: the more digital the shopping experience, the more important the emotional quality of ...
