Latest News & Analysis – Page 3
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ArticleOIA (US) invites brands to join business & finances benchmarking study
The US Outdoor Industry Association (OIA) announced a new outdoor brand benchmarking study focused on key financial and business operations benchmarks to help brands understand their position in the marketplace relative to competitors and make informed decisions to drive growth and profitability. Participants will receive the full results of the ...
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ArticleSidi Sport joins Science Based Targets initiative
Italian company Sidi Sport, specializing in footwear and other apparel for cyclists and motorcyclists, has joined the Science Based Targets initiative (SBTi). SBTi was founded in 2014 as a collaboration between some of the leading international organizations and associations for climate protection, including the United Nations Global Compact and the ...
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ArticleGMG and VF plan to open 300 stores in the next 5 years in MENA and SEA markets
GMG, a global retail conglomerate based in Dubai, has expanded its 12-year partnership with VF Corp. Under a newly agreed distribution and retail development agreement, GMG will expand the presence of VF brands in the region over the next five years through a growing network of new mono-brand partner stores ...
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ArticlePolartec’s Eric Yung: Leading the charge in outdoor apparel innovation and sustainability
In this exclusive article, Polartec’s Eric Yung shares his journey within the company, his principles as a leader and his thoughts on the current strength and growth opportunities within the sporting and outdoor goods industries.
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ArticleTerrex launches trail running mentoring program with intro of Agravic Speed Ultra
Source: Adidas Terrex Following the success athletes celebrated in a prototype last summer, Adidas Terrex announced that the Agravic Speed Ultra is now available for all trail runners. The brand said that every element of the new shoe has been optimized “to help trail runners experience speed ...
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ArticleNilit’s new Sensil Flow enables circularity in nylon
Israel-based Nilit, the manufacturer of high-quality nylon 6.6 for apparel now celebrating its 50th anniversary and owner of the Sensil brand, has launched Sensil Flow, a new approach to the circularity of nylon 6.6 that enables the recycling of yarns, fabrics and ultimately garments to eliminate waste and further reduce ...
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ArticleSamsonite aims for dual listing
Samsonite International S.A., the parent company of Gregory, High Sierra and a number of travel luggage brands, announced that the company’s Board of Directors has authorized management to seek a listing of the company’s shares on a second leading stock exchange in addition to the Hong Kong Stock Exchange. The ...
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ArticleBLS parent Brockhaus Technologies records further growth in 2023
German company Brockhaus Technologies AG closed the 2023 financial year with a 31 percent increase in turnover compared to the previous year to a total of €186.63 million. The subsidiary Bikeleasing-Service GmbH & Co. KG (BLS) also contributed to this excellent result. The publicly listed, Frankfurt-based company has held a ...
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ArticleBig trouble looming between Youngone and Scott
Source: Scott Sports Beat Zaugg Shortly before the Easter weekend, the Board of Directors of Scott Sports – with the full support of majority shareholder Youngone Corporation – issued a press release announcing the dismissal of long-serving CEO Beat Zaugg with immediate effect. Youngone presented the financial ...
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ArticleRecovery in leisure, business travels boosts Samsonite
Annual profitability at Gregory parent Samsonite rose by 33 percent to $450.3 million from $338.3 million for the 12 months ended Dec. 31. The group’s FY operating profit increased by 51 percent to $743.7 million from $492.1 million as the annual gross margin expanded by 350 basis points to 59.3 ...
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ArticleYamaha to start European e-bike drivetrain production in France
On March 26, Yamaha Motor Europe N.V. (YME) and Yamaha Motor Manufacturing Europe S.A.S (YMME) celebrated the inauguration of a completely new production line for e-bike drivetrains at their French plant in Saint Quentin. The facility in Saint Quentin is the production site of the former two-wheeler and engine manufacturer ...
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ArticleThe Russian outdoor goods industry is preparing to replace imports
Russian players in the outdoor goods market believe the mass exodus of Western brands from the country provided local industry ample growth opportunities. Although exports no longer seem to be in the cards and manufacturers complain about inconsistent state support policy, the potential to plug the gap in the internal ...
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ArticleMyStromer reaches overall settlement with Revolt
After the Swiss Federal Patent Court and previously the Unified Patent Court ordered a preliminary prohibition on manufacturing and marketing against the Swiss company Revolt Zycling AG due to patent infringement for its previously marketed Opium bikes, Swiss S-pedelec pioneer MyStromer AG is now resolving the legal dispute with a ...
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ArticleNoble showcases Ionic+ innovations with ‘Planet Positive’ campaign
Noble Biomaterials, a biotec company based in Pennsylvania, announced upgrades to its Ionic+ product portfolio and will be supported by a new “Planet Positive” communications campaign. Noble says its latest advancements with Ionic+ Botanical and Ionic+ Pro presents a new era in bacterial and odor control fabrics. Both delivery ...
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ArticleBergfreunde revenue grows by 12%, more investments in ESG
Consumers’ reduced willingness to spend was once again reflected in a significant drop in total sales in German e-commerce in 2023. According to the German E-Commerce and Distance Selling Trade Association (bevh), overall gross sales of goods fell 11.8 percent to €79.7 billion. Despite this difficult environment, the sales trend ...
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ArticleLight My Fire aims to revolutionize disposable food container market
Source: Light My Fire Swedish company Light My Fire has launched the Borrow program, a pioneering effort to eliminate the use of disposable products. The program includes reusable plates, glasses, cups, cutlery, a mobile dishwashing station, a collection station for easy transportation, bicycles for delivery and collection, ...
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ArticleBelgian Cycling Factory strengthens management with two industry veterans
Belgium’s largest bicycle manufacturer Belgian Cycling Factory (BCF) – the umbrella of the brands Ridley, Eddy Merckx Bikes (including their independent steel frame range Corsa) and the Bike Valley competence center – has hired two experienced industry experts. Eugene Fierkens was appointed as General Manager Strategy & Business, and Edward ...
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ArticleOsprey Packs is TCA’s newest Pinnacle Member
After nearly 20 years of membership, Osprey Packs, a Helen of Troy brand, becomes the newest Pinnacle Member of The Conservation Alliance (TCA), supporting the US-based organization with an annual donation of $100,000. Osprey Packs is celebrating its 50th anniversary and commitment to conservation with this contribution, the company said. ...
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ArticleVaude quits X, sets example against disinformation, hate speech and racism
Source: Hari Pulko/Vaude Manfred Meindl German outdoor company Vaude announced on March 21 that it was leaving the social media platform X with immediate effect. “This is our response to the increasing misinformation, discriminatory and right-wing populist content and the increasingly aggressive style on X – we ...
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ArticleFjällräven recognized as Sweden’s most sustainable brand for fifth consecutive time
For the fifth time in a row, Fjällräven is perceived by Swedish consumers as the country’s most sustainable brand in the “Clothing and Fashion” category in the Sustainable Brand Index 2024. With the help of 80,000 consumers in eight countries, the Sustainable Brand Index measures and analyzes ...
