Latest News & Analysis – Page 96
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ArticleFair Wear and GoodWeave collaborate to fight child and forced labor
GoodWeave International, a global, non-profit initiative working to eliminate child labor in the carpet industry, and Fair Wear Foundation, an independent, non-profit organization working to improve conditions for garment factory workers, have joined forces to combat child and forced labor in hidden and informal parts of garment and textile supply ...
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ArticleWorldly appoints UA COO as board member
Worldly (formerly Higg) announced the appointment of two new board members, including Colin Browne, Chief Operating Officer at Under Armour. The other new board member is Scott Stephenson, former Chairman and CEO of Verisk Analytics Inc. Browne has deep understanding of the global apparel and footwear value chain, gained in ...
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ArticleProgram of EOS 2023 almost finalized (Update)
The European Outdoor Group (EOG) has announced additional speakers and content for the European Outdoor Summit in Berlin, Sept. 28-29, 2023 (EOS 2023). Preliminary program of EOS 2023 (as of Aug. 28): Transformative Change: Rosa Sommer, Leaders’ Quest How to unlock innovation within your organization: Karla Morales-Lee and Tara ...
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ArticlePerformance Days expands product range to footwear, more exhibition space
Visitors to the upcoming winter edition of Performance Days in Munich can look forward to some new features. These include a larger exhibition area, expanded from one to two halls, to accommodate the brand-new footwear segment. In addition to the new footwear area, the second hall will also house the ...
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Articlemyclimate to implement new collective management structure
The Zurich-based foundation for climate protection myclimate is introducing a new management structure. As of October, seven members of the current executive team will jointly take over the leadership. They will succeed the current CEO Stephen Neff, who is leaving myclimate at his own request. The myclimate Board of Trustees ...
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ArticleLycra launches new intellectual property enforcement initiative
The Lycra Company announced an intellectual property enforcement initiative in support of Lycra® FitSense™ technology, which is an aqueous dispersion of the Lycra® brand polymer which can be printed onto fabrics and garments to give a localized power boost, resulting in shaping and compression benefits. It has been successfully adopted ...
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ArticleResale specialist Trove secures $30 million Series E funding
Trove, a leading U.S.-based resale and trade-in company for brands and retailers including Canada Goose, Carhartt, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced $30 million in Series E funding, bringing Trove’s total funding since inception to more than $150 million. The funding round was co-led by Wellington Management and ...
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ArticleNew Wave pushes operating profit up despite small sales dip
New Wave Group, which added Swedish outdoor company Tenson AB to its sports & leisure portfolio on July 1, realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 ...
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ArticleOutdoor Industry Climate Action Corps releases 2022 impact report
The U.S. Outdoor Industry Association (OIA) Climate Action Corps has released the latest data from its 2022 Impact Report, which summarizes the group’s goals, methodology, results and findings, as well as an assessment of the overall impact to date. The OIA Climate Action Corps was formed in January 2020 to ...
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ArticleR&M switches to reusable packaging for e-bikes and small parts
German e- and cargo-bike manufacturer Riese & Müller GmbH (R&M) has announced it is soon to be one of the first manufacturers in the bike industry to use reusable packaging for shipping e-bikes and small parts.
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ArticleLeatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
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ArticleMerida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
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ArticleYeti sales outside US rise 18 percent in Q2
Yeti, the Texas-based drinkware and cooler company, generated 18 percent Q2 sales growth in markets outside the U.S. to $56.7 million, as US revenues fell by 7 percent to $345.9 million for the period ended July 1.
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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ArticleDespite positive signs, Bike24 posts further losses due to high future investments
In the second sales quarter of 2023, German e-commerce bicycle retailer Bike24 Holding AG brought in revenues of €62.9 million, down 6.1 percent compared to the same period in 2022. But there are some positives on the horizon, with the measures introduced to increase profitability beginning to show effects.
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ArticleGiant Group H1 down in the west but up in China
In the first half of 2023, Taiwan’s bicycle producer Giant Group reached consolidated overall sales of NT$42.58 billion (€1.22 billion). A 5.4 percent drop compared to the first six months of last year, but one region showed a strong sales performance.
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ArticleWolverine Q2 results slump, new CEO set to lead turnaround
Chris Hufnagel, who was just named the President and CEO of Wolverine Worldwide, Inc. with immediate effect following the sudden departure of Brendan L. Hoffman, faces numerous headwinds from day one, with the group’s Q2 figures now released. They range from getting inventory and debt to proper levels and driving ...
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ArticleSea freight market easing but orders are also down
Freight rates for sea freight containers from the Far East have fallen to a stable low level, but retailers are placing fewer orders with their suppliers than in the previous year. This is according to supply chain experts at Setlog, a software company based in Bochum, Germany, who carried out ...
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ArticleClarus posts Q2 loss, revises FY guidance downward
Despite 28 percent year-over-year sales growth in the direct-to-consumer channel, Clarus Corp. reported a Q2 loss of $2.1 million against a profit of $3.8 million for the period ended June 30.
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ArticleFox Factory’s PVG & AAG sales increase offsets SSG sales decline
The bad news first: Suspension expert Fox Factory Holding Corp.’s (Easton Cycling, Fox, Marzocchi and Race Face brands) cycling business, grouped under Specialty Sports Group (SSG), slumped again in the second sales quarter of current FY 2023. The good news is that sales increases at its sister group Powered Vehicle ...
