All Outdoor Industry Compass articles in OIC Vol. 17, Issue 2 – Page 6
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News briefsSolo Brands named to the World’s Most Innovative Companies of 2024 list
Solo Brands, the parent company of Solo Stove, Chubbies, Isle, Oru Kayak and IcyBreeze, has been named to Fast Company’s World’s Most Innovative Companies of 2024 list. Solo Brands was recognized as No. 2 in the Consumer Products category. The list shines a spotlight on companies that are shaping the ...
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News briefsLedlenser expands int'l HR management team
Source: Ledlenser Sandra Antony German flashlight and headlamp specialist Ledlenser has appointed Sandra Antony as its new Global Head of Human Resources. In her role, Antony will shape the company-wide strategy in the area of People and Culture, supported by her three-person team based in Solingen. As ...
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News briefsVista’s foundation donates $200K to four nonprofits before reorganizing under Revelyst
The Vista Outdoor Foundation, the philanthropic partner of Vista Outdoor Inc., announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment. The four nonprofits receiving proceeds are: Little Bellas: Mentoring on Mountain Bikes: Little Bellas creates opportunities for girls to experience success using mountain biking as ...
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ArticleKMD Brands’ H1 results impacted by numerous factors
New Zealand-based KMD Brands, the Kathmandu, Rip Curl, and Oboz parent, reported lower H1 group sales and underlying Ebitda due to weak consumer sentiment, a warm Australian winter, difficult year-on-year comparisons, and excess inventory issues in the wholesale channel. KMD’s net loss from continuing operations was NZ$9.7 million (€5.4m) for ...
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News briefsSchöffel-Lowa opens 41st store
A new Schöffel-Lowa store has been integrated into one of the two Intersport branches of retailer Schuh und Sport Haaf in Breisach am Rhein, a German town on the Franco-German border. The two Schuh und Sport Haaf stores, which were reopened opposite each other after renovation, offer a wide range ...
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ArticleAt Ideal Bike, the market slump was accompanied by two client bankruptcies
As we have already reported, the two Taiwanese industry leaders Giant Group and Merida had to contend with declining sales trends last year. Taiwan’s third-largest bike manufacturer, Ideal Bike Corporation, was hit even harder by some inherited loss-making issues. Last year, the Taiwanese company not only had to cope with ...
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News briefsMerida reports two-digit 2023 decline in sales and profit
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. achieved total sales of TWD 27.16 billion (€787.84 million) in FY2023. Compared to 2022, this is a decline of 26.4 percent. Although Merida is also a public company, it only publishes the figures it is required to publish. At TWD 3.39 billion ...
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ArticleCEO Juha Latvala: Sasta needs to “make more noise”
Finnish brand Sasta is taking outdoor and hunting apparel to the global market.
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ArticleSolo Brands reports Q4 loss on impairment charge
A goodwill charge of $249 million related to its Solo Stove, Oru and Isle businesses negatively impacted Solo Brands’ Q4 results. The operating loss was $240.8 million against an operating profit of $26.8 million for the three months ended Dec. 31. The Q4 net loss was $210.9 million against a ...
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ArticleSympatex unveils new sustainability initiatives and collaborations
Sympatex is poised to make a significant impact at the upcoming Performance Days event. One of the standout features of Sympatex’s presence at the event will undoubtedly be its collaboration with E.dye, a renowned leader in sustainable textile dyeing solutions. At its apparel booth in Munich, Sympatex will unveil three ...
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ArticleBlackYak supports ‘Icefall Doctors’ in the Himalayas
South Korean outdoor brand BlackYak has announced a collaboration with the Sagarmatha Pollution Control Committee (SPCC) and the Nepal Mountaineering Association (NMA). The partnership aims to address critical environmental issues exacerbated by global warming and mountaineering activities in the region. The signing ceremony took place on March 2 in Namche, ...
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Short stops
Short Stops Week 12, 2024
RETAIL & DISTRIBUTION +++ US outdoor retailer REI Co-op will open a 2140 square meter store in Loveland, Colorado, in summer 2024, offering full ski and bike service, buy online-pickup in store and curbside pick up +++ UDOG, the Italian brand of cycling shoes and shoe accessories founded in 2021 ...
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News briefsGerman outdoor retailer McTrek files for insolvency again
German retailer McTrek (most recently with 17 stores in Germany) filed for insolvency at the Hanau District Court on March 11. This is the second insolvency in just four years for the outdoor specialist, which has been operating for over 20 years. Following the first insolvency in 2020, the company, ...
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News briefsCamelBak and Grofa launch hybrid distribution model in Germany, Austria
The Petaluma, California-based specialist for hydration systems and water bottles CamelBak has announced that Grofa Actions Sports GmbH will be its new distribution partner for Germany and Austria from April 1, taking over from the brand’s previous partner, Hartje. With Giro, Bell and Blackburn, Grofa already represents other brands from ...
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News briefsSecond Bergans outlet store in Germany opened
Source: Bergans Bergans of Norway has opened its second outlet store in Germany. In addition to the Designer Outlet Soltau, where Bergans has been operating for over 12 years, the Norwegian outdoor brand has opened a new store in the Designer Outlet Neumünster on Friday, March 15. ...
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ArticleSpinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff. In 2023, Spinnova generated revenue of €10.6 million, which was ...
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ArticlePolartec aims to make a difference with ‘Beyond Begins Today’
Since inventing the first fleece made from recycled plastic water bottles in 1993, Polartec, a Milliken & Company brand, has upheld its steadfast promise to protect the environment and is doing everything to make the goal of “zero waste” a reality – from using 100 percent recycled and plant-based materials ...
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ArticleZIV: German bicycle industry defies consumer climate
The German Bicycle Industry Association (ZIV - Die Fahrradindustrie) presented its market data for 2023. Contrary to expectations and the generally negative consumer climate, both bicycle production and bicycle sales once again reached a very high level in 2023 – comparable to the Covid-related bicycle boom year of 2020. Overall, ...
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News briefsINOV8 set to open new store and coffee shop in York, England
British running, walking and fitness brand INOV8 is preparing to open a new store and café in the city center of York in England on March 16. Located on High Ousegate, the new store will create six new jobs and fill a property previously occupied by Costa Coffee. The store ...
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News briefsThermore introduces new, partially recycled stretch insulation
Milan-based Thermore Group has unveiled its new Freedom stretch insulation, which it describes as its most dynamic stretch insulation in the company’s five decades of innovation. According to the manufacturer, Freedom is made from 50 percent recycled polyester and offers ample stretch while providing warmth for a variety of applications, ...
