All News briefs articles – Page 18
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News briefsSpecialized Germany bolsters marketing and finance management
Following the official opening of the “only mono-brand store in Germany Specialized operates itself” on Sept. 23 in Munich, Market Leader Germanic Markets Michael Richter has welcomed two new employees to the management of Specialized Germany GmbH. Both will report directly to Richter. While brand and marketing specialist Christian Lutz ...
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News briefsItalian Outdoor Village at ISPO Munich 2023
The Italian Outdoor Group (IOG), part of Italy’s sporting goods industry body Assosport, has announced the names of the 14 companies that will showcase their products at the Italian Outdoor Village in Munich on Nov. 28-30, on the occasion of the upcoming edition of ISPO Munich. The Italian companies at ...
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News briefsCoDi’s large premium for Marucci will benefit the business
Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement. In Q3 ...
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News briefsBetter Cotton Platform launches as complete traceability solution
Better Cotton, the world’s largest cotton sustainability initiative representing over one-fifth of global cotton production, has officially launched its traceability solution for the fashion and textile sectors. With the launch, apparel companies can accurately trace and disclose the origin of raw materials. Developed over three years and in close consultation ...
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News briefsNaturkompaniet opens two new stores in Norway
Swedish outdoor retail chain Naturkompaniet, part of Fenix Outdoor, has opened two new stores in Norway. The latest openings took place on Nov. 3 at Storgata 70, Lillehammer, and Storgata 52, Tromsø. With these two new stores, Naturkompaniet expands its product range and strengthens its position as a leading player ...
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News briefsOsprey announces 2023 Black Friday alternative
Osprey is once again replacing Black Friday with Green Friday, and fundraising to support the European Outdoor Conservation Association (EOCA) this year with a twist: Customers can decide which conservation projects they want to back. Running from Nov. 23-28, Osprey will offer a 20 percent discount on selected products to ...
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News briefsPatagonia collaboration brings repairs to the UK
Patagonia has once again teamed up with United Repair Centre, to open a new repair center in London, handling its UK repairs business. The newly-opened location is also in collaboration with the social enterprise, Fashion-Enter. The UK-based center is the second of its kind, with a repair center opened in ...
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News briefsGlobetrotter, Patagonia and Vaude triumph in German sustainability prize
Globetrotter, Patagonia and Vaude have triumphed in the 2023 German Sustainability Award (Deutscher Nachhaltigkeitspreis, or DNP). Globetrotter was nominated in the Sporting Goods Retailer (Sportartikeleinzelhandel) category, along with Bergzeit and Sport Conrad, for pioneers of sustainability in outdoor and sporting goods retail. Patagonia was nominated in the Sporting Goods category, ...
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News briefsEurobike launches new shows in Istanbul and Jakarta
International cycling trade fair Eurobike is expanding to two new locations in 2024. The inaugural Eurobike Istanbul will open its doors on March 28, 2024, while Asiabike Jakarta will celebrate its debut in Indonesia from April 30 to May 4, 2024. Eurobike is organized by Fairnamic, a cooperative venture of ...
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News briefsChina aims to build €385bn outdoor sports industry by 2025
According to the government news agency Xinhua, China aims to develop outdoor sports into an industry worth 3 trillion yuan renminbi (€386 billion) by 2025, according to a government action plan released last week. The action plan, which covers the period from 2023 to 2025, aims to boost the construction ...
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News briefsUTMB confirms first Canadian Ultra Trail event
The UTMB World Series has confirmed that the alpine playground of Whistler and the surrounding Sea-to-Sky corridor in British Columbia will host a new event, the Ultra Trail Whistler by UTMB on Sept. 28-29, 2024. It will be the first Canadian event and the eighth in North America. Whistler Blackcomb ...
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News briefsTextile Exchange partners with Google for new sourcing decision tool
Materials standards body Textile Exchange held its annual conference from Oct. 23-27 at the O2 InterContinental in Greenwich, London. The event was also the setting for the release of Textile Exchange’s latest tool, powered by Google and in collaboration with the WWF: The Materials Impact Explorer. This new tool allows ...
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News briefsSSU files for insolvency
Sports e-commerce company Signa Sports United (SSU), controlled by Austrian investor René Benko’s Signa Holding, has filed for insolvency. The Bielefeld District Court, where the application was filed, appointed Munich-based lawyer Christian Gerloff as insolvency administrator. The German business newspaper Handelsblatt was the first to report the insolvency filing, which ...
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News briefsNewell Brands reports quarterly loss for Outdoor & Rec business
The third quarter operating loss in Newell Brands’ Outdoor & Recreation segment, which includes Coleman and CampingGaz, was $42 million against a profit of $6 million for the three months ended Sept. 30. The results include a non-cash impairment charge of $22 million. The normalized operating loss was $7 million ...
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News briefsA second edition for Winter Business Days and the new Skimofestival
Italian media group MagNet, formerly known as Sport Press, has announced the second edition of the B2B show Winter Business Days, scheduled to take place on Jan. 28-30, 2024. The event will be held again in Ponte di Legno – Tonale, a popular ski area and hiking destination between Italy’s ...
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News briefsGlobetrotter partners with German bicycle retailer
Two German branches of the outdoor retailer Globetrotter are to cooperate with German omni-channel bicycle retailer B.O.C. From spring 2024, the Globetrotter branches in Stuttgart and Dresden will include sales areas with products from B.O.C.’s range. In Stuttgart, B.O.C. will move into the basement of Globetrotter, while in Dresden, B.O.C. ...
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News briefsPolygiene with operating loss in Q3 due to lower sales
Despite a 30 percent decline in third-quarter revenues to 28.7 million Swedish kroner (€2.4m) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about Q4 results as early orders have exceeded expectations. The group, which said Q3 results showed signs of a slow recovery, has shifted its ...
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News briefsOrtlieb has a new solution for reducing waste
To reduce off-cut waste, German company Ortlieb is now expanding what it has called a successful pilot project. Its Care-Bags – unique shoulder bags made from outdoor or cycling bags with errors in the production process that would otherwise have been discarded – are now available from the brand’s website ...
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News briefsSolo Brands announces CFO change
Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced that Somer Webb, Chief Financial Officer, has notified the company of her intent to pursue other opportunities. Webb will remain with the company until Dec. 10, 2023. She started her position at ...
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News briefsBike24 again revises 2023 revenue forecast
Based on preliminary calculations for the third quarter of 2023, the Management Board of listed e-commerce bicycle retailer Bike24 Holding AG decided on Oct. 25 to adjust the forecast for the company’s revenue development in fiscal year 2023, or more precisely: to correct it downward. The company’s already revised forecast ...
