News Briefs
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News briefsTNF opens new concept store in Singapore
The North Face (TNF) returns to Singapore’s retail landscape courtesy of one of the Middle East’s leading family conglomerates, GMG, following its withdrawal in 2017. The new concept store, with a retail space of around 230 sqm in VivoCity, is the first of its kind Southeast Asia and features products ...
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News briefsSpinnova producer obtains FSC Chain of Custody certification
Woodspin, the exclusive producer and seller of the innovative Spinnova fiber, has achieved Forest Stewardship Council (FSC) Chain of Custody certification. This recognizes that the wood used by Woodspin for its fibers can be fully traced from its origin to the final fiber product. Woodspin is a 50/50 joint venture ...
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News briefsAngling Direct sees full-year profit double
UK-based fishing tackle retailer Angling Direct saw its pre-tax profits climb to £1.5 million (€1.7m) in the year ended Jan. 31, 2024, up from £700,000 (€815,000) the year before, driven by the development of its omnichannel offer and the growth of its store footprint. Gross margin increased by 34.9 percent. ...
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News briefsGiant Group says stock overhang also weighs on Q1 sales results
The ongoing strained situation in the bicycle industry also has an impact on the sales results of the leading Taiwanese bicycle manufacturer Giant Manufacturing Company Ltd in the first quarter of 2024. The continued large-scale reduction in inventories in Europe and North America and the reluctance to place orders on ...
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News briefsGiant expands own-store network in Spain
According to CMDsport, Giant has opened a fifth own-store in Spain. This one covers 500 square meters, boasts a section devoted to women’s cycling and is situated in the island capital of Santa Cruz de Tenerife. The brand believes it is sure to become a flagship in Spain, like its ...
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News briefsNiclas Nyrensten declines re-election and leaves RVRC’s board
Niclas Nyrensten, board member and co-founder of RevolutionRace (RVRC), has announced that he will not seek re-election to the company’s board and will step down in July 2024 at the latest. “The company has, after 10 years, become mature enough to manage without the founders – I and Pernilla, said ...
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News briefsSuperfeet welcomes new CFO
Source: Superfeet Kathryn McKenzie Pacific Northwest-based insole specialist Superfeet announced the appointment of Kathryn McKenzie as its new Chief Financial Officer. With a distinguished background financial and strategic leadership, McKenzie joins Superfeet to spearhead the company’s financial strategies. The company said McKenzie will play a crucial role ...
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News briefsVasque builds European network
US footwear brand Vasque is working with its exclusive UK agent, Northcol, to establish a pan-European network of agents to represent the brand. Representatives have already been established in key countries such as France (ibrg-agency), Benelux (Van Lierop agencies), Italy (Box Agency) and Spain (Sworks). The brand intends to expand ...
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News briefsBuff and Surfrider Foundation collaborate
Spanish headwear and neckwear brand Buff has announced a new collection with Surfrider Foundation and Surfrider Foundation Europe. Designed by Cornwall-based artist Gemma Lessinger, the collection aims to help raise awareness and drive change so the ocean can be enjoyed by future generations. Buff has been a longstanding advocate for ...
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News briefsSolo Brands hurt by lower DTC traffic in Q1
Solo Brands reported an operating loss of $6.4 million against a profit of $3.2 million for the period ended March 31. Adjusted Ebitda tumbled 72 percent to $4.3 million as gross margin sunk by 250 basis points to 59.2 percent on a shift in channel mix to the lower gross ...
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News briefsHelly Hansen sales fall in Q1
Reported Q1 sales at Canadian Tire-owned Helly Hansen declined by 7.8 percent to 192.2 million Canadian dollars (€130.3m) from C$208.4 million for the three months ended March 30. Brand sales outside of Canada accounted for nearly 93 percent of the total, or C$178.2 million (€120.8m). The Norwegian company’s constant currency ...
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News briefsTopgolf Callaway Brands lowers guidance on soft Wolfskin trends, currency
Topgolf Callaway Brands has dropped its annual revenue guidance range to $4.44–$4.48 billion, citing both significant currency volatility and weaker trends in its Jack Wolfskin business. In Q1 ended March 31, the group’s Active Lifestyle segment suffered a 15.2 percent revenue decline to $271.5 million due to lower wholesale sales ...
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News briefsRose Bikes expands service network to over 130 partner workshops in DACH
Rose Bikes is strategically expanding its stationary network of partner workshops. The German company is entering into a cooperation with Verbund Service und Fahrrad (VSF), one of the largest stationary networks in Germany’s industry, and is successively adding VSF-allride certified workshops to its service portfolio. In addition to its nine ...
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News briefsNew CFO for Wolverine Worldwide
Source: Business Wire Taryn Miller, Chief Financial Officer of Wolverine Worldwide Wolverine Worldwide has named Taryn Miller its new Chief Financial Officer, effective May 9. Miller will report directly to Chris Hufnagel, the company’s President and CEO. Miller brings a wealth of financial expertise to Wolverine Worldwide, ...
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News briefsMontane becomes a Bluesign System Partner
Montane, the outdoor clothing and equipment brand based in Northumberland, UK, has obtained Bluesign System Partner status. The brand explains on its website that many of the fabrics and trims it uses have been Bluesign-approved for years. In January, Montane published its first-ever Impact Report as part of its commitment ...
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News briefsOrbea’s revenue down for the first time in 8 years
Orbea closed out full-year 2023 with its first drop in revenues in eight years, according to Palco23. Although the Basque cycling brand does not disclose them in full, sales appear to have come in at around €374.4 million, down by 6.4 percent from the previous year’s €400 million or so. ...
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News briefsLowa’s 2023 financial results stable despite weaker demand
Lowa’s production volume has been stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly ...
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News briefsThe mountain bike market is projected to post 5.4% CAGR by 2027
According to a new report by tech research firm Technavio, the global mountain bike market is estimated to expand at a compound annual growth rate (CAGR) of over 5.4 percent from 2023 to 2027, with a growing emphasis on innovation and customer awareness. Electric mountain bikes (eMTBs) are gaining popularity. ...
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News briefsNew GM heading ThredUp’s European business
Source: ThredUp FlorinFilote, GM Europe California-based online resale platform ThredUp Inc. appointed Florin Filote as its new General Manager of Europe. He succeeds Dan DeMeyere, who has been with ThredUp since 2010 and most recently ran the company’s international business for two years. With nearly two decades ...
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News briefsNew VP Brand for Sorel
Columbia Sportswear Company announced that Michael Minter has joined the company as Sorel’s Vice President, Brand, effective April 29, 2024. Minter has spent nearly 20 years in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC and Reef. His work has ranged from award-winning advertising campaigns ...
