All Outdoor Industry Compass articles in OIC Vol. 17, Issue 1
View all stories from this issue.
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News briefsKú Cycle seeks to raise €200,000 via crowdfunding campaign
Triathlon bike specialist Kú Cycle seeks to raise €200,000 via a crowdfunding campaign on Crowdcube. At the time of writing, the company has raised €142,000. Customers are offered a pre-purchase bike fit and build-to-order business model. The company has a granted patent for the Fork Air Stream Technology (FAST), which ...
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News briefsMontane publishes first Impact Report
As part of its commitment to reduce its environmental impact, outdoor clothing specialist Montane has just released its “2023 Impact Report.” The company said that from now on, it will publish these reports annually. The report highlights Montane’s initiatives in three key areas: People, Product, and Planet. Montane’s journey to ...
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ArticleGarmin reports strong Q4 results, guides to 10 percent revenue growth in FY24
Fueled by double-digit gains in both net sales and operating income, Garmin reported strong Q4 results and offered guidance on FY24, where it sees total sales improving by 10 percent to $5.75 billion but overall gross margin contracting by 100 basis points to 56.5 percent. In Q4 ended Dec. ...
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News briefsNew COO at Woom
Source: Woom GmbH Johannes Kisslinger The Vienna-based company Woom, an international children’s and youth bicycle expert, has appointed Johannes Kisslinger as its new Chief Operating Officer (COO). In his position, Kisslinger is responsible for production, supply chain management, purchasing and logistics, quality management, product compliance, and testing, ...
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News briefsGlobetrotter launches Germany-wide second-hand buyback day
Instead of focusing on new purchases at the start of the season, the Hamburg-based outdoor retail chain Globetrotter is focusing on sustainable consumption and giving used goods a second chance: from hardware to clothing, all 22 adventure and city stores in Germany will be accepting used outdoor equipment on March ...
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News briefsInfinited Fiber faces layoffs as part of its restructuring efforts
Finland-based textile technology specialist Infinited Fiber has adjusted its cost and organizational structure as part of its restructuring efforts. According to the company, the negotiations, which have now been completed, have resulted in both temporary layoffs among the staff of Infinited Fiber Company Oy and Infinited Fiber Kemi Oy and ...
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ArticleKMD group sales slowed in H1, Kathmandu affected by weak winter down under
All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...
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ArticleBalena and For Ever collaborate on circular footwear
Balena’s collaboration with For Ever, one of the world’s largest outsole makers, marks a significant stride toward circularity in the footwear industry. The groundbreaking partnership, set to be unveiled at Lineapelle-Italy on February 20th, signals a pivotal moment in sustainable shoe manufacturing.
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News briefsNew Wave increases operating profit by 5% in FY23
Annual operating profit for Swedish New Wave Group, whose business operates in three segments, increased by 5 percent to 1,577.2 million Swedish kroner (€140.4m) for the 12 months ended Dec. 31 as total revenues inched up by 2 percent to SEK 3,874.6 million (€344.9m) from SEK 3,782.3 million. In Q4, ...
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News briefsColorado ski brand acquired by US real estate developer
Chase Gardaphe, an American real estate developer focused on developing and managing manufactured housing communities, has acquired Romp Skis, a Colorado-based custom ski brand. Romp was originally founded by Morgan and Caleb Weinberg in 2010 and has grown exponentially over the past decade. Gardaphe will continue to expand operations at ...
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News briefs12th VELOBerlin at Tempelhof Airport
The 12th edition of the VELOBerlin bicycle festival will once again take place on April 13-14 in the German capital at Tempelhof Airport in the Hangar 5 and the outdoor area. The public can expect an extensive program with more than 200 exhibitors, spacious test tracks, stage talks, workshops and ...
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News briefsE-motor upgrade for Oru kayaks
Oru Kayak, the original origami kayak brand now owned by Solo Brands, has presented the latest upgrade to its foldable fleet of kayaks: Electric motors. Developed in partnership with California-based Bixpy Motors, Oru’s e-propulsion system offers paddlers a unique electric-assist kayak in a lightweight package that is portable and easy ...
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News briefsE-snowmobile experiences in Wyoming
Source: FLO FLO powers electric-snowmobiles for Off-Grid Experiences in Wyoming FLO, a North American electric vehicle (EV) charging network operator and a smart charging solutions provider, and Off-Grid Experiences Jackson Hole, a Wyoming-based outdoor adventure company, are offering (and powering) „green” winter adventures in the great American ...
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ArticleArchive and ACS partner to make resale profitable in the UK
Archive, a San Francisco Bay Area-based brand resale technology platform, has announced its partnership with Advanced Clothing Solutions (ACS), a UK-based center for circular and sustainable fashion fulfillment. Together, they will offer apparel, footwear, outdoor, and luxury brands the cleaning, repair and fulfillment of secondhand items on a branded resale ...
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ArticleNuyarn certified by Responsible Wool Standard
Nuyarn, a performance wool product whose spinning technology releases the natural performance characteristics of the Merino wool fiber twisted out by traditional spinning methods, is now fully certified to the Responsible Wool Standard (RWS) by Textile Exchange. According to the manufacturer, TMC Ltd in New Zealand, Nuyarn is characterized by ...
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ArticlePatagonia CEO joins The B Team
The B Team announced the addition of Ryan Gellert, CEO of Patagonia. The group of global business and civil society leaders was co-founded by Richard Branson (founder of the Virgin Group) and Jochen Zeitz (President, CEO and Chair of Harley-Davidson, Inc.) in 2013. These leaders come together united in the ...
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ArticleFjällräven Classic celebrates 20 years with new UK route and new country
In 2024, the Fjällräven Classic celebrates its 20th anniversary. To mark the occasion, the extraordinary trekking event is expanding to Chile for the first time. In addition, the Fjällräven Classic UK will take place in the English Lake District National Park. The Fjällräven Classic was first developed in 1979 by ...
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News briefsNorrøna ambassador Vincent Colliard reaches South Pole solo in record time
Source: Norrøna Norrøna ambassador Vincent Colliard On Jan. 11, 2024, Norrøna ambassador Vincent Colliard became the fastest person in Antarctic history to reach the South Pole alone and unsupported on skis. He broke the previous world record by almost 2 days and covered 1140 km in 22 ...
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News briefsGiant partners with Dick’s Sporting Goods
Giant Group has agreed a new partnership deal with Dick’s Sporting Goods, America’s largest sports retail chain, involving the Giant brand. Upon the terms of the agreement, about 25 stores in the US owned by Dick’s, including House of Sport, Public Lands and Moosejaw locations, will sell Giant bikes. Specifically, ...
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News briefsCarbios partners with De Smet on construction of PET biorecycling plant
Carbios, a French company specializing in biological recycling based on enzyme technologies, has announced that it is partnering with De Smet Engineers & Contractors on the construction of a polyethylene terephthalate (PET) biorecycling plant, described by Carbios as the first-of-its-kind in the world. The facility in Longlaville, in northeast France, ...
