All Outdoor Industry Compass articles in OIC Vol. 17, Issue 2 – Page 3
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Short stops
Short Stops Week 15, 2024
CORPORATE AND M&A +++ Alabama-based Storyteller Overland, the manufacturer of recreational adventure vans and off-grid expedition vehicles, has acquired Taxa Outdoors, a Texas-based manufacturer of lightweight camping habitats and overlanding utility trailers, which was taken over by the Growth Fund of L Catterton in March 2022 +++ PRODUCT ...
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ArticleTrail running shoe market to post 5.5% CAGR by 2032, says new report
The global trail running shoe market is estimated to reach $12.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5 percent from 2023 to 2032, according to a new report by Allied Market Research. According to the study, the increasing popularity of outdoor fitness activities and ...
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News briefsKeen recommits to making the ‘World’s Cleanest Shoes’ in new campaign
Oregon-based footwear brand Keen is launching a wide-reaching initiative to promote a better footwear industry 20 years after its founding and 10 years after starting its journey to eliminate PFAS. To recommit to its mission of “making the World’s Cleanest Shoes,” the company will be investing in new processes and ...
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ArticleOIA (US) invites brands to join business & finances benchmarking study
The US Outdoor Industry Association (OIA) announced a new outdoor brand benchmarking study focused on key financial and business operations benchmarks to help brands understand their position in the marketplace relative to competitors and make informed decisions to drive growth and profitability. Participants will receive the full results of the ...
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ArticleSidi Sport joins Science Based Targets initiative
Italian company Sidi Sport, specializing in footwear and other apparel for cyclists and motorcyclists, has joined the Science Based Targets initiative (SBTi). SBTi was founded in 2014 as a collaboration between some of the leading international organizations and associations for climate protection, including the United Nations Global Compact and the ...
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News briefsGSM Outdoors buys another fishing rod manufacturer
Following the purchase of Phenix Rods last December, GSM Outdoors has now signed an agreement to acquire Mid-America Rod Company, its second brand in the fishing rod segment, for undisclosed terms. Mid-America Rod Company has been manufacturing rods in the USA since 1976. In addition to its own Virtus brand, ...
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News briefsOutdoor Research drops first dedicated MTB apparel line
As outdoor apparel manufacturer Outdoor Research (OR) releases its first dedicated collection of technical mountain bike gear for Spring 2024, the Seattle-based brand is expanding its athlete roster with four riders who will provide product category expertise and feedback as OR fully embraces the category. Trail and freeride athletes Georgia ...
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News briefsRose Bikes opens brand store in downtown Berlin
Rose Bikes has opened a new brand store in Berlin Mitte near Alexanderplatz with approx. 670 sqm of floor space. An integrated coffee shop is serving as a meeting point for bikers and starting point for events like community rides, workshops, etc. The first rides will take place as part ...
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News briefsSalomon North America moves to category-dedicated sales teams
Salomon announced a strategic shift within the North American organization to support accelerated growth with a focus on footwear, apparel and equipment through the creation of softgoods dedicated sales teams. Previously, all Salomon sports categories, both hard and softgoods, were managed by sales agencies. The new approach will allow the ...
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News briefsAmerica’s The Conservation Alliance looking for new Executive Director
The Conservation Alliance (TCA), a US-based coalition of over 270 like-minded member companies that pool resources to fund and advocate for the protection of North America’s cherished wild places and outdoor spaces, is planning to hire a new Executive Director who will work closely with the staff and Board of ...
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News briefsSchöffel separates responsibilities for product and innovation
German outdoor company Schöffel has made changes to the organizational structure in its product division. The management roles are now divided into the areas of product and innovation to give both areas greater strength for future development. Gesa van den Kerkhoff takes on the role of Product Division Manager, Peter ...
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ArticleGMG and VF plan to open 300 stores in the next 5 years in MENA and SEA markets
GMG, a global retail conglomerate based in Dubai, has expanded its 12-year partnership with VF Corp. Under a newly agreed distribution and retail development agreement, GMG will expand the presence of VF brands in the region over the next five years through a growing network of new mono-brand partner stores ...
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News briefsMultiple purchase bids to save Renewcell
The Renewcell bankruptcy trustee has confirmed that “multiple bids” have been made for the business and assets of Swedish textile recycler Re:NewCell AB (Renewcell). The deadline for receiving purchase offers was March 28. These offers will now undergo a review process, with final closing expected in mid-April. The Board ...
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ArticlePolartec’s Eric Yung: Leading the charge in outdoor apparel innovation and sustainability
In this exclusive article, Polartec’s Eric Yung shares his journey within the company, his principles as a leader and his thoughts on the current strength and growth opportunities within the sporting and outdoor goods industries.
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ArticleTerrex launches trail running mentoring program with intro of Agravic Speed Ultra
Source: Adidas Terrex Following the success athletes celebrated in a prototype last summer, Adidas Terrex announced that the Agravic Speed Ultra is now available for all trail runners. The brand said that every element of the new shoe has been optimized “to help trail runners experience speed ...
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ArticleNilit’s new Sensil Flow enables circularity in nylon
Israel-based Nilit, the manufacturer of high-quality nylon 6.6 for apparel now celebrating its 50th anniversary and owner of the Sensil brand, has launched Sensil Flow, a new approach to the circularity of nylon 6.6 that enables the recycling of yarns, fabrics and ultimately garments to eliminate waste and further reduce ...
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ArticleSamsonite aims for dual listing
Samsonite International S.A., the parent company of Gregory, High Sierra and a number of travel luggage brands, announced that the company’s Board of Directors has authorized management to seek a listing of the company’s shares on a second leading stock exchange in addition to the Hong Kong Stock Exchange. The ...
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ArticleBLS parent Brockhaus Technologies records further growth in 2023
German company Brockhaus Technologies AG closed the 2023 financial year with a 31 percent increase in turnover compared to the previous year to a total of €186.63 million. The subsidiary Bikeleasing-Service GmbH & Co. KG (BLS) also contributed to this excellent result. The publicly listed, Frankfurt-based company has held a ...
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ArticleBig trouble looming between Youngone and Scott
Source: Scott Sports Beat Zaugg Shortly before the Easter weekend, the Board of Directors of Scott Sports – with the full support of majority shareholder Youngone Corporation – issued a press release announcing the dismissal of long-serving CEO Beat Zaugg with immediate effect. Youngone presented the financial ...
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ArticleRecovery in leisure, business travels boosts Samsonite
Annual profitability at Gregory parent Samsonite rose by 33 percent to $450.3 million from $338.3 million for the 12 months ended Dec. 31. The group’s FY operating profit increased by 51 percent to $743.7 million from $492.1 million as the annual gross margin expanded by 350 basis points to 59.3 ...
