All Outdoor Industry Compass articles in OIC Vol. 17, Issue 1 – Page 3
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News briefsJack Wolfskin Ebitda about ‘breakeven’ in 2023
Topgolf Callaway Brands President and CEO Chip Brewer spoke briefly about Jack Wolfskin during the company’s Q4 conference call this week, commenting that the segment’s margins were “challenged” during the final period due to ongoing softness in Europe and high inventories at retail. However, the outdoor brand’s business in China ...
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ArticleFenix Outdoor facing ‘very challenging’ market in 2024
Fenix Outdoor says FY24 growth will need to come from re-orders and its own DTC channels, given that many of its retail partners are facing financial challenges. After an expected difficult wholesale business in Q1, the group thinks inventories will improve in Q2, which could result in possible product shortages ...
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News briefsHoka with new President
Deckers Brands has named Robin Green President of its Hoka brand with immediate effect. Green will serve on the executive leadership team, reporting directly to Dave Powers, the CEO and President of Deckers Brands. ”Green has an extensive track record of leading and operating complex global businesses while delivering transformative ...
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ArticleMaloja wins German Design Award 2024
The southern German outdoor brand Maloja Clothing invited its employees’ children to the office for a workshop on a school-free day – and has now been awarded a prestigious design award for the result, the German Design Award from the German Design Council, which recognizes particularly innovative design developments on ...
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ArticleShimano forecasts further sales erosion after difficult FY23
Citing soaring raw material prices, possible further disruptions to global supply chains, and persistent economic worries around the world, the Japanese Shimano group is forecasting a 36.6 percent drop in year-over-year operating income in FY24 to ¥53,000 million (€329.4m) on an 11.5 percent decline in consolidated sales to ¥420,000 million ...
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News briefsOdlo and POW Switzerland launch sustainable Zeroweight running capsule
Source: Odlo Swiss brand Odlo announces its second product collaboration with Protect Our Winters (POW) Switzerland. The result is the Odlo x POW Zeroweight Running Capsule, a six-piece collection made entirely from recycled materials. This new product collaboration follows the launch of the Odlo x POW Blackcomb ...
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ArticleAllied Feather + Down partners with Nemo for expansion of the Renu:Trace program
Allied Feather + Down, a California-based specialist in high-performance, ethically sourced and recycled down, is expanding its Renu:Trace recycled down program with the help of New Hampshire-based Nemo Equipment’s Endless Promise circular product collection. Nemo will be the first brand to use Allied’s recycling program to produce the world’s first ...
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ArticleColumbia’s Omni-Heat Infinity is going to space
Omni-Heat Infinity, a heat-reflective technology developed by Columbia Sportswear, will fly into space with the upcoming launch of the Nova-C lunar lander from Intuitive Machines, a space exploration company focused on advancing the commercial use of the moon. In lab simulations leading up to this launch, Intuitive Machines researchers have ...
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News briefsNew association of Italian int’l trade shows
IT-EX is the name of a new association of Italian international trade shows, created with the objective of promoting the interests of the sector and its internationalization. The new body, established on Feb. 7, was founded by Fondazione Fiera Milano with AIMPES Servizi, A.N.C.I. Servizi, ASSOMAC Servizi, CEU – Centro ...
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News briefsArc’teryx opens shop-in-shop in Paris ahead of flagship
Canadian outdoor brand Arc’teryx opened an 80-sqm shop-in-shop on the ground floor of La Samaritaine, a department store on Paris’s Rue de Rivoli, on Feb. 9. The retail space showcases a range of functional and performance items from the brand’s SS24 collection. Arc’teryx will soon open a 300-sqm flagship ...
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News briefsAluula announces appointment of new President
Canadian materials technology company Aluula Composites Inc. has appointed Sage Berryman as President. Berryman brings decades of executive experience to Aluula. With deep capital markets expertise, she has played a key role in leading transactions and partnerships valued at over $4 billion, specifically with innovative technology companies. Before joining Aluula, ...
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News briefsNew Xterra Slovakia in 2024
Xterra has announced Xterra Slovakia as the newest international off-road triathlon series addition. The inaugural event is set to take place in historic Banská Štiavnica on July 12-13, 2024. The event will feature full-distance and sprint contests, catering to both elite competitors and those new to the sport. Xterra Slovakia ...
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ArticleGlobal winter sports industry unites around Climate Pact, to join UN Race to Zero campaign
The Winter Sports Sustainability Network (WSN), managed by Peak 63 and the Federation of the European Sporting Goods Industry (FESI), in collaboration with Snowsports Industries America (SIA), announced the establishment of a transformative Climate Pact, bringing together prominent ski, snowboard, binding and boot brands from Europe and the US in ...
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ArticleThule Group coped not too badly with challenging FY
Swedish Thule Group AB ended the challenging financial year with a year-on-year decline in sales of 9.9 percent to total sales of 9.13 billion Swedish kronor (€804.71 million), an operating result of SEK 1.51 billion (€133.08m, -11.8 percent) and a net profit decline of 13.8 percent to SEK 1.10 billion ...
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Short stops
Short Stops Week 07, 2024
RETAIL & DISTRIBUTION +++ French online fishing retailer Pecheur.com has opened its first brick-and-mortar store, located in Aubière, near Clermont-Ferrand +++ UK-based Angling Direct has acquired independent fishing tackle retailer HF Angling, and has opened a store in Cannock, Staffordshire +++ PRODUCT & MARKETING +++ Baffin has announced ...
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ArticleEOCA Selects Four New Conservation Projects to Receive Funding
At the end of a nearly six-month selection process, the European Outdoor Conservation Association (EOCA) – the initiative from the European outdoor industry with the objective of protecting the wild areas it cares so passionately about – announced that €180,000 has just been committed to four new conservation projects in ...
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News briefsNewell Brands’ Outdoor & Rec segment needs a turnaround
Newell Brands Outdoor & Recreation segment that includes Coleman, CampingGaz, and Marmot is the company’s business unit “in most need of a turnaround,” President and CEO Chris Peterson told analysts as the Atlanta company reported Q4 and FY23 results. The Outdoor & Rec business, which has a new marketing ...
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ArticleMips with poor 2023, but bike helmet orders are growing
2023 was a challenging year for helmet safety technology provider Mips AB, mainly due to the bicycle helmet category, which was affected by high inventory levels and a drop in demand. The only ray of hope: incoming orders for this very category picked back up for the first time in ...
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ArticleGoPro counts on some wins despite Q4 and FY losses
GoPro is increasing its retail presence and product range while ramping up its brand exposure at global sporting events, despite reporting Q4 and FY23 operating losses and declines in revenues. Ten months since launching a multi-year growth strategy, the group says it can count on some wins despite the reported ...
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ArticleUSWE fails to meet Q3 target, strategic focus on North American distribution channels
USWE Sports AB, the Swedish parent company of USWE, Void Cycling and Giant Loop, reported a positive Ebitda in the last two quarters but missed this target in the third quarter (October-December) with an Ebitda of -1.4 million Swedish kroner (€-123,908). For the first nine months of the financial year ...
