Latest News & Analysis – Page 7
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Article‘No air freight,’ says Icebug – and has good reason for it
Swedish footwear manufacturer Icebug has spoken out against air freight in an open letter – despite the current transportation challenges in the Red Sea. The owner-managed company had already set itself the goal of reducing CO2 emissions by at least half by 2030. To achieve this goal, it is essential ...
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ArticleNewell Brands announces changes to the Board
Newell Brands, the Atlanta-based group that owns several consumer goods brands, including outdoor brands Marmot, Coleman, Contigo and Campingaz, announced changes to its Board of Directors. James “Jim” Keane, retired President & Chief Executive Officer of Steelcase Inc., has been elected to the company’s Board of Directors, effective Feb. 15, ...
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ArticleWolverine progresses with turnaround, but faces further setbacks
Six months on the job, Wolverine Wordwide President and CEO Chris Hufnagel had to oversee changes in many aspects of the group’s overall business, including excess inventory, shedding businesses, lowering debt levels, and improving the supply chain. Progress has been made, but the turnaround will take more time to complete ...
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ArticleGarmin reports strong Q4 results, guides to 10 percent revenue growth in FY24
Fueled by double-digit gains in both net sales and operating income, Garmin reported strong Q4 results and offered guidance on FY24, where it sees total sales improving by 10 percent to $5.75 billion but overall gross margin contracting by 100 basis points to 56.5 percent. In Q4 ended Dec. ...
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ArticleKMD group sales slowed in H1, Kathmandu affected by weak winter down under
All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...
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ArticleBalena and For Ever collaborate on circular footwear
Balena’s collaboration with For Ever, one of the world’s largest outsole makers, marks a significant stride toward circularity in the footwear industry. The groundbreaking partnership, set to be unveiled at Lineapelle-Italy on February 20th, signals a pivotal moment in sustainable shoe manufacturing.
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ArticleArchive and ACS partner to make resale profitable in the UK
Archive, a San Francisco Bay Area-based brand resale technology platform, has announced its partnership with Advanced Clothing Solutions (ACS), a UK-based center for circular and sustainable fashion fulfillment. Together, they will offer apparel, footwear, outdoor, and luxury brands the cleaning, repair and fulfillment of secondhand items on a branded resale ...
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ArticleNuyarn certified by Responsible Wool Standard
Nuyarn, a performance wool product whose spinning technology releases the natural performance characteristics of the Merino wool fiber twisted out by traditional spinning methods, is now fully certified to the Responsible Wool Standard (RWS) by Textile Exchange. According to the manufacturer, TMC Ltd in New Zealand, Nuyarn is characterized by ...
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ArticlePatagonia CEO joins The B Team
The B Team announced the addition of Ryan Gellert, CEO of Patagonia. The group of global business and civil society leaders was co-founded by Richard Branson (founder of the Virgin Group) and Jochen Zeitz (President, CEO and Chair of Harley-Davidson, Inc.) in 2013. These leaders come together united in the ...
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ArticleFjällräven Classic celebrates 20 years with new UK route and new country
In 2024, the Fjällräven Classic celebrates its 20th anniversary. To mark the occasion, the extraordinary trekking event is expanding to Chile for the first time. In addition, the Fjällräven Classic UK will take place in the English Lake District National Park. The Fjällräven Classic was first developed in 1979 by ...
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ArticlePolartec and Must Had give excess inventory a second chance
Polartec has entered into a one-year partnership with Must Had, a Torino-based start-up and non-profit company that gives excess materials a second life. Throughout 2024, Polartec will rely on Must Had to extend the life of its excess inventory. Together, the companies will explore sustainable design practices and work towards ...
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ArticleHelinox announces global leadership team
Young Lah, Global CEO of Helinox, has appointed a new global leadership team to position the company for further growth and product category expansion. Source: Helinox Andrew Shand, Helinox President und Global COO As part of these changes, Andrew Shand was promoted to Helinox President and Global ...
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ArticleYeti misses Q4 sales mark, but international soars
Yeti is forecasting sales growth of 20-25 percent in 2024 from all markets outside the U.S. after stellar results from the segment in FY23. The group’s international sales expanded by 28 percent last year to nearly $260.7 million, fueled by momentum in Europe, where the brand is now carried in ...
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ArticleElevate Outdoor Collective launches Collective Progress Initiative
With the launch of the Collective Progress Initiative, Elevate Outdoor Collective’s (EOC) global brands – K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates – are working hand-in-hand to eliminate waste and maximize the recyclability and ...
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ArticleHeiQ appoints CEO for HeiQ AeoniQ Holding
Source: HeiQ Julien Born, CEO of HeiQ AeoniQ Holding Swiss ingredients brand HeiQ has announced the appointment of Julien Born as Chief Executive Officer of HeiQ AeoniQ Holding, where he will drive the growth of HeiQ AeoniQ, a specialty cellulosic fiber. Born brings extensive leadership skills and ...
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ArticleVF appoints Caroline Brown to the board after aligning with activist investor Engaged Capital
Source: VF Corp. Caroline Brown VF Corp. has appointed Caroline Brown to the company’s Board of Directors, effective Feb. 14, 2024. The appointment follows constructive discussions with VF’s shareholders, including Engaged Capital, LLC. VF also intends to appoint an additional independent director in the near future by ...
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ArticleOnline course on reducing release of microfibers into wastewater by TMC and ZDHC
The Microfibre Consortium (TMC) has launched a new course designed to help textile manufacturers tackle the release of microfibres into wastewater during production processes. The e-learning program has been developed in partnership with Zero Discharge of Hazardous Chemicals (ZDHC). Based on their Preliminary Guidelines: Control of Microfibres in Wastewater, published ...
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ArticleFenix Outdoor facing ‘very challenging’ market in 2024
Fenix Outdoor says FY24 growth will need to come from re-orders and its own DTC channels, given that many of its retail partners are facing financial challenges. After an expected difficult wholesale business in Q1, the group thinks inventories will improve in Q2, which could result in possible product shortages ...
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ArticleMaloja wins German Design Award 2024
The southern German outdoor brand Maloja Clothing invited its employees’ children to the office for a workshop on a school-free day – and has now been awarded a prestigious design award for the result, the German Design Award from the German Design Council, which recognizes particularly innovative design developments on ...
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ArticleShimano forecasts further sales erosion after difficult FY23
Citing soaring raw material prices, possible further disruptions to global supply chains, and persistent economic worries around the world, the Japanese Shimano group is forecasting a 36.6 percent drop in year-over-year operating income in FY24 to ¥53,000 million (€329.4m) on an 11.5 percent decline in consolidated sales to ¥420,000 million ...
