News Briefs – Page 9

  • Hövding-3_before-and-after-female
    News briefs

    Hövding looks to expand geographically after a “year of change”

    2022-02-21T13:19:00Z

    Sweden’s manufacturer of bicycle airbags, Hövding, summed up the full year 2021 in its latest quarterly report. The company’s new CEO, Sofia Svensson, said, “We have gone through major changes both operationally and financially. The changes have resulted in improved gross margin and lower fixed costs as a percentage of ...

  • Produktion_Copyright Rose Bikes
    News briefs

    Rose Bikes ends 20/21 with single-digit, forecasts double-digit sales growth in fiscal 21/22

    2022-02-16T16:44:00Z

    Despite “missing components and unfeasible product launches,” German DTC bicycle brand Rose Bikes achieved sales growth of 8.5 percent to a total of €148.7 million in fiscal 2020/2021, which ended Oct. 31. For the upcoming 2021/22 fiscal year, all signs point to further expansion. “We have taken all the precautions ...

  • BIKE24 LOGO
    News briefs

    Bike24 aims to double Spanish sales, logistics center near Barcelona operational by end of 2022

    2022-02-16T09:54:00Z

    After launching its e-com business in Spain in late 2020, Bike24 has now reported sales on the Iberian Peninsula of “just over €4.5 million” in 2021, according to CMD Sport. Internationally, the German online bike retailer generated total sales of €250 million last year. Last month, it additionally launched its ...

  • Helinox-logo
    News briefs

    Helinox records strong sales growth in Europe in 2021

    2022-02-15T12:38:00Z

    Helinox has closed in 2021 with a 50 percent increase in sales. The Korean outdoor camping furniture specialist grew in all of its key European markets, which include Germany, the U.K., France, the Netherlands and Switzerland. Helinox relies on an omnichannel sales mix of wholesale, distribution, and DTC. For 2022 ...

  • goldwin-logo
    News briefs

    Goldwin forecasts decline in operating income of 5.7%

    2022-02-11T06:40:00Z

    Goldwin, the Japanese company whose brand portfolio includes territorial trademark rights or licenses for some western sports brands, is currently forecasting a 5.7 percent drop in annual operating earnings to 14 billion yen (€107.6m) for the 12 months ending March 31, 2022. Annual revenues are predicted to rise by 10.5 ...

  • MP_LA SPORTIVA_Azienda_Drone_082019_049
    News briefs

    La Sportiva posts 28% sales increase despite Covid-19 uncertainty

    2022-02-10T06:59:00Z

    La Sportiva has seen its revenues jump by 28 percent in 2021 and anticipates another 10-15 percent increase in 2022. The positive performance, which widely exceeded the company’s expectations, was primarily attributed to investments in advanced technologies and digitalization. To thank its staff for the outstanding result, the company’s board ...

  • Stanley_PMI_logo.svgz
    News briefs

    Stanley reports great year, benefits from outdoor trend amid pandemic

    2022-02-03T08:26:00Z

    Pacific Market International (PMI) said its U.S. camping and drinkware brand Stanley had a magnificent 2021, benefiting from strong growth in outdoor participation during the pandemic. PMI, which since last September has been owned by Illinois-based Havi Group, a privately held global company that provides supply chain, sourcing and consumer ...

  • Pierer Mobility_Logo
    News briefs

    ​Pierer Mobility prepares listing on prime market of Vienna Stock Exchange

    2022-02-01T14:20:00Z

    Austrian two-wheeler specialist Pierer Mobility AG intends to apply for admission to trading in the top segment (Prime Market) of the Vienna Stock Exchange on March 1, 2022. This step is intended to meet the great investor interest in Austria and abroad. With sales of 332,881 motorcycles in its 2021 ...

  • Ortholite Logo
    News briefs

    OrthoLite celebrates 25th anniversary with record growth

    2022-01-28T11:22:00Z

    U.S. brand OrthoLite is celebrating its 25th anniversary in 2022 after two consecutive years of record-breaking growth. 2021 was the best year in the company’s history despite Covid and supply chain issues, according to Glenn Barrett, OrthoLite’s founder and CEO. Barrett, a veteran of the footwear industry, founded OrthoLite in ...

  • UNIFI-Repreve-Banner
    News briefs

    Unifi profits pressured despite higher-than-expected sales

    2022-01-28T10:59:00Z

    Unifi, Inc., a U.S.-based producer of recycled and synthetic yarns, saw sales in the second quarter of its fiscal year grow strongly, although rising labor and input costs squeezed profit margins. In the second quarter ended Dec. 26, sales increased by 23.7 percent from the year-earlier to $201.4 million, as ...

  • News briefs

    Moody’s upgrades Amer Sports’ outlook to positive on strong nine-month sales growth

    2022-01-18T14:19:00Z

    Rating agency Moody’s reports that Amer Sports, the parent of Arc’teryx, Salomon, Wilson, Peak Performance, Suunto and Atomic, which has been majority controlled by Chinese sportswear giant Anta Sports since 2019, reported solid sales growth of +29 percent in the first nine months of 2021. The gains were driven by ...

  • Tradeinn
    News briefs

    Tradeinn records another strong increase in annual sales

    2022-01-12T04:21:00Z

    Spanish e-tailer Tradeinn enjoyed a stellar year in 2020. The results for 2021 surprised even its CEO, David Martín, as he confessed to CMDsport. The effects of the pandemic produced a 52 percent increase in annual sales to €288 million for 2020, which was followed by a further 31 percent ...

  • SKS Standpumpenmontage
    News briefs

    SKS Germany with record sales in 2021

    2022-01-11T09:32:00Z

    For German bicycle accessories manufacturer SKS Metaplast Scheffer-Klute GmbH (SKS Germany), 2021 was a special year: the company not only celebrated its 100th anniversary but also achieved record sales of around €87 million. In total, the company sold 1.2 million air pumps, 4.5 million permanently mounted and 2 million clip-on ...

  • MIPS_logo
    News briefs

    MIPS moves up to Nasdaq Stockholm’s Large Cap segment

    2021-12-20T11:08:00Z

    Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which scores with its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective January 3, 2022. “I ...

  • Polygiene
    News briefs

    Polygiene redefines financial targets

    2021-12-16T12:18:00Z

    The board of directors and the management of the Swedish ingredient brand Polygiene AB have set new financial targets for the 5-year period from 2022 to 2026. According to these, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an EBIT margin of more than ...

  • Solo
    News briefs

    Solo boosts sales with acquisitions, but added expenses weaken income

    2021-12-09T09:37:00Z

    Solo Brands, the U.S. company that began trading on the New York Stock Exchange in October and owns the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, reported that net income attributable to Solo Stove Holdings fell 79 percent to $1.2 million from $10.3 million in the third and ...

  • 393_SMP-zumiez-logo
    News briefs

    Zumiez Q3 income beats estimates

    2021-12-05T08:35:00Z

    Beating all estimates, Zumiez reported a solid 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019 when the ...

  • goldwin-logo
    News briefs

    Goldwin’s quarterly results improve

    2021-11-17T17:23:00Z

    Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...

  • 1200px-Canadian-tire.svgz
    News briefs

    Canadian Tire says it defies supply chain issues

    2021-11-12T08:54:00Z

    Global supply chain problems won’t leave Canadian Tire Corp. Ltd.’s shelves empty this holiday season, the company said in releasing its third-quarter numbers. While material and semiconductor shortages, Covid-19 factory closures and port backlogs are hampering many companies, Canadian Tire’s CEO Greg Hicks said his company’s supply chain is prepared ...

  • YETI-USA-Logo-Social
    News briefs

    Yeti posts double-digit sales increase in Q3

    2021-11-12T06:49:00Z

    Yeti, the U.S. brand of coolers, drinkware and other outdoor gear, reported that third-quarter net income rose 3 percent to $52,967,000 from $51,445,000. Sales were $362,643,000, up 23 percent from $294,603,000. This includes a 31 percent increase in the DTC business. The DTC channel of $197.1 million accounted for 54 ...