All News briefs articles – Page 139
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News briefsStio raises $20 million in capital
US mountain lifestyle brand Stio has raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach, according to SGB. Led by Lagi Innovation Fund, the debt-equity raise comes as the mountain town brand announced it ...
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News briefsUnifi’s sales fall 22% amid volatile global environment
Unifi, the U.S.-based maker of the Repreve fiber, announced net sales of $156.7 million for the third fiscal quarter ended April 2, 2023, down 21.9 percent from $200.8 million in the third quarter a year ago. The decrease was primarily driven by lower sales volumes amid a volatile global environment. ...
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News briefsCornell researchers turn textile trash to functional coatings
A team of researchers at Cornell University have managed to chemically break down old clothing and reuse polyester compounds to create fire-resistant, anti-bacterial or wrinkle-free coatings that can then be applied to clothes and fabrics. The process is described in a paper, titled “Upcycling of Dyed Polyester Fabrics into Copper-1, ...
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News briefsFox Factory’s Q1 sales driven by Powered Vehicles Group
Fox Factory, which completed an acquisition of Custom Wheel House in March, posted a 1 percent increase in Q1 operating income to $54.7 million and realized a 150-basis-point improvement in year-over-year gross margin to 33.3 percent in the period ended March 31. Higher income taxes against the year-ago quarter drove ...
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News briefsJohnson Outdoors reports mixed Q2 results
Johnson Outdoors, benefitting from sales and profitability improvement in its fishing and diving segments, generated an improved gross margin, higher revenues, and a 50 percent increase in net income for the period that ended March 31. But a 20 percent rise in Q2 operating expenses to $63.9 million contributed to ...
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News briefsLenzing remains confident despite bumpy first quarter
Austrian-based Lenzing Group’s Q1 2023 sales rose slightly by 1.3 percent year-on-year to €623.1m, primarily due to higher pulp sales, while fiber sales declined, the company said. Ebitda declined 66.2 percent year-on-year to €29.7 million in the first quarter, net income was €-64.9 million (compared to €34.1 million in Q1 ...
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News briefsFox Factory hires first chief accounting officer
Brendan Enick has joined Fox Factory Holding Corp. as its first chief accounting officer. Enick has more than 16 years of experience in the accounting industry and has held positions ranging from audit and financial reporting to corporate finance, most recently as vice president, corporate controller at Carter’s, Inc. He ...
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News briefsOrtlieb to display product carbon footprint for all goods
Ortlieb Sportartikel GmbH has determined and published the product carbon footprint for all of its almost 400 articles, detailing the emissions generated from sourcing raw materials through to production. On Ortlieb’s website, customers can now see how many kilometers they need to cover by bike rather than car in order ...
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News briefsEllen MacArthur Foundation launches database of circular start-ups
The Ellen MacArthur Foundation is rolling out the full version of its searchable, circular start-up database. The “Circular Startup Index” is meant to help businesses explore start-ups and discover a circular economy, facilitating the pairing of innovation with capital. The Index, available on the foundation’s website, already presents 500 start-ups ...
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News briefsHoka x Cotopaxi collaboration also aims to give back
Hoka, a division of Deckers Brands, has teamed up with U.S.-based B Corp outdoor brand Cotopaxi for a second time to launch a limited-edition collaboration to encourage exploration in the great outdoors. Using the bold color palette that is the signature of both brands, the Hoka x ...
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News briefsSIGB announces new organizers of Slide and OTS Winter
The Snowsport Industries of Great Britain (SIGB) has announced MCS PR & Event Management is to be the new organizer of the Slide & OTS Winter trade show, next taking place at the Telford International Centre in January 2024. Effective from May 2023, the announcement follows a three-way final pitch ...
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News briefsBenno Bikes recruits former Bergamont co-founder
Source: Benno Bikes Axel Kedenburg Benno Bikes founder and CEO Benno Baenziger has welcomed Axel “Akki” Kedenburg, another high-flyer of his generation, as European sales and marketing director for his Etility Design bike brand. In his new role, Kedenburg will be responsible for marketing, PR and dealer ...
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News briefsSolo Brands turns Q1 profit, maintains FY guidance
Solo Brands reported a $933,000 net profit against a loss of $2.01 million for Q1 ended March 31. Operating income was $3.2 million against a loss of $3.2 million. Quarterly revenues for the parent of Oru Kayak, Isle paddleboards, Chubbies apparel and Solo Stoves rose by 7.3 percent to $88,207,000 ...
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News briefsRegistration for TIWC’s sustainability-themed textile conference now open
Registration is now open for the 92nd Textile Institute World Conference (TIWC), to be held at the University of Huddersfield, UK. This year’s conference is themed, “Sustainability of the textile and fashion supply chain – transitioning to zero carbon and zero waste,” and is focused on identifying the current scenario ...
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News briefsGlobal angling and hunting equipment market to post 7% CAGR by 2030
The global angling and hunting equipment, which was estimated at US$536.97 million in 2022 (the base year), is projected to grow at a compound annual growth rate (CAGR) of 7.03 percent to reach US$924.98 million by 2030, according to a recent report by Dublin-based Research and Markets. The 248-page report ...
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News briefsVaude declares support for EU-wide ban of PFAS
Vaude has announced its support for a planned EU-wide ban on PFAS, pointing to its own product development to show that water and dirt-repellent PFAS-free outdoor equipment is possible. Antje von Dewitz, Vaude Managing Director, explains: “Not enough is being done on a voluntary basis. Therefore, legal regulations are important ...
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News briefsPamela Busch returns to Sigma Sport as director of marketing
Source: Sigma Sport Pamela Busch Pamela Busch is taking over as Head of Marketing at Sigma-Elektro GmbH with immediate effect, succeeding Jennifer Leinenbach, who has left the company at her own request to pursue new career paths. Busch already worked for Sigma in the same role from ...
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News briefsOne half of Puky’s managing director duo quits
Source: Puky Britta Sieper and Mathias Heller Ever since Britta Sieper became a member of the management board of Puky GmbH & Co. KG at the end of 2021, Germany’s long-established children’s and youth bicycle supplier was run by a duo of managing directors. Now – after ...
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News briefsLenzing accelerates energy transition by purchasing biomass power plant
Austrian fiber producer Lenzing signed a contract to acquire the 43 MW biomass power plant of Energie 42 Beteiligungs GmbH in the Heiligenkreuz business park. The transaction is subject to regulatory approvals in particular and is expected to be completed in the second quarter of 2023. The strategic investment will ...
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News briefsSwedish sports retail sales fall 0.6 percent in Q1 2023
According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in Swedish sports retail fell 0.6 percent in the first quarter of 2023. This is the fifth consecutive quarter of negative development in the sports retail sector. In the ...
