Latest News & Analysis – Page 99
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ArticleCreditor protection filing: VanMoof is granted payment suspension
On July 13, Dutch Bankruptcy File (FaillissementsDossier) reported that the responsible district court in Amsterdam has officially granted VanMoof Global Holding B.V. a temporary suspension of payments. The Dutch DTC provider of e-commuter bicycles, reportedly struggling with financial constraints for some time, had filed a corresponding petition on July 12. ...
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ArticleBetter Cotton signs UN pledge for traceability and transparency
Better Cotton, the world’s largest cotton sustainability initiative, has signed the United Nations Economic Commission for Europe (UNECE) Sustainability Pledge ahead of the launch of its traceability solution in late 2023. The Pledge is an open set of policy recommendations, guidelines and standards that enable industry players to authenticate their ...
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ArticleRad Power Bikes withdraws from the European market
On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...
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Article100 years of Lowa: Another record year and the search for new target groups
With the company now being in its 100th year, we talk to Lowa CEO Alexander Nicolai about expanding capacity, new segments and sustainability strategies.
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ArticleB2B event “Austria on Bike” goes into second round
After the successful premiere of ARGE Fahrrad’s (a subsidiary of the association of sporting goods manufacturers and sports equipment suppliers of Austria VSSÖ) testing and networking event Austria on Bike last year, the Austrian bicycle industry is again inviting retailers to the largest national bike region of Saalfelden Leogang in ...
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ArticleMammut expands repair service
Since 1992, the repair service of Swiss mountaineering outfitter Mammut has been ensuring that customers’ products remain in use for even longer. By anchoring reparability in the design process, with new service partners from summer 2023, and with proactive communication, Mammut now wants to encourage even more people to choose ...
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ArticleReview: The Sustainable Angle’s Future Fabrics Expo 2023
Two weeks ago, the doors opened at Magazine London to one of the largest global sourcing venues for sustainably and responsibly produced textiles and materials in the fashion industry. This state-of-the-art venue spans 3,200 square meters and is located across the river from Canary Wharf. From June 26-28, visitors had ...
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ArticleVista Outdoor appoints former Salomon executive as Simms president
Source: Vista Outdoor/Simms Jordan Judd Vista Outdoor, the parent company of 41 sporting and outdoor brands, has named Jordan Judd President of Bozeman, Montana-based Simms Fishing Products, effective Aug. 1. Simms was founded in 1980 and acquired by Vista Outdoor in 2022. The brand is part of ...
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ArticleHydro Flask faces market pressure, Osprey sales up in Q1
Adjusted operating income slipped by 8.9 percent to $34.3 million from $37.6 million for the Home & Outdoor segment of Helen of Troy for the first quarter ended May 31. Excluding a nearly $3.1 million impact related to the bankruptcy of retailer Bed, Bath & Beyond, Q1 operating income for ...
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ArticleNGO criticizes use of plastic products in textiles
AN NGO has denounced as “avoidance strategies” five tactics to deal with waste deployed by some of the biggest companies in the world
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ArticleJenny Tough on the outdoors, diversity and sustainability
Endurance athlete and solo adventurer Jenny Tough on how she rates the industry progress in sustainability and diversity, and her wish for the Outdoor sector.
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ArticleNemo expands Endless Promise circular economy program in the U.S.
Nemo, an independent designer of outdoor gear and accessories based in the U.S., has announced a recycling partnership with Ambercycle, a leading recycled textile innovator based in Los Angeles. Ambercycle uses a novel molecular regeneration technology to transform end-of-life textiles into high-quality, virgin Cycora® material. This collaboration, launched as an ...
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ArticleQ2 Bicycle Industry Stock Chart: Long-term outlook forecasts full recovery
In the current economic environment, the stock market – regardless of the sector – continues to be on a rollercoaster ride. This also applies to the bicycle stocks monitored by The Outdoor Industry Compass.
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ArticleNew Wave Group acquires Tenson
New Wave Group, the Swedish parent company of Craft, Seger, Auclair, Derby of Sweden, D.A.D. Sportswear and a total of nearly fifty brands in business, sports and leisure, gifts and home textiles, has acquired 100 percent of the shares in outdoor and lifestyle brand Tenson AB. Tenson, also from Sweden, ...
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ArticleSSU is hoping the worst market disruptions are over
Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...
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ArticleSwedish study warns of PFAS risk in traditional summer diet
The movement to ban the use of PFAS is growing. Now a new study by a Swedish environmental group has revealed the extent of the presence of these “forever chemicals” in food.
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ArticleSuccessful fundraising campaign by EOCA during Earth Day and OutDoor by ISPO
To mark both Earth Day 2023 and the annual fundraiser held on the association’s stand during OutDoor by ISPO, a large number of its members used the opportunities to show their support for the European Outdoor Conservation Association (EOCA) and nature conservation by raising additional funds. Earth Day has ...
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ArticleSecond Eurobike in Frankfurt meets expectations
The second Eurobike since its move from Friedrichshafen to Frankfurt boasted a top mark of more than 1,900 exhibiting companies, plus 34,750 trade visitors and 31,840 consumers over the weekend (2022: 33,780 Business Days and 27,370 Festival Days). Not least because of these figures, the 31st edition of the show ...
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ArticleData, legislation and climate crisis in focus at Better Cotton conference
Better Cotton, the world’s largest cotton sustainability initiative, concluded its annual conference, held June 21-22 in Amsterdam. The event, held both in-person and online, was attended by more than 350 industry stakeholders from 38 countries around the world who addressed four key themes: climate action, sustainable livelihoods, data & traceability ...
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ArticleEcco sales up 30% in 2022, but earnings lower than before Covid
In 2022, Ecco’s revenues rose by 30 percent to €1,586 million from €1,218 million a year earlier and exceeded a pre-Covid-19 turnover of €1,360 million posted in 2019. Comparable sales were up by 18 percent. In January 2022, the Danish footwear and leather group acquired a controlling interest in Ecco ...
