All Outdoor Industry Compass articles in OIC Vol. 17, Issue 3 – Page 13
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News briefsDurango, Xtratuf brands drive Q1 sales for Rocky Brands
Bolstered by double-digit sales increases for its Durango and Xtratuf footwear brands, Rocky Brands reported a 2.2 percent jump in Q1 revenues to $112.9 million from $110.4 million. Excluding Servus, a brand divested in March, sales rose by 7.6 percent year-over-year. Wholesale revenues (also excluding Servus) rose by 7.0 percent ...
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News briefsCompass Diversified divests Crosman
Connecticut-based Compass Diversified (CoDi), the owner of owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, has reached an agreement to sell Crosman Corp., the airgun division of its Velocity Outdoor subsidiary, to Arkansas-based Daisy Manufacturing Co. Financial terms of the transaction for the parent of the Crosman, Benjamin, Game Face, ...
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News briefsDometic awning production returns to Indiana
After moving its manufacturing operations from its Elkhart, Indiana, facility to other locations in North and South America in early 2022, Dometic has now announced that it is bringing production and distribution back to the site. Awning production will resume in May at the plant on Industrial Parkway in Elkhart ...
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News briefsThe North Face tries Barcelona again
The North Face (TNF) will be opening an own-store in Barcelona, according to TradeSport. It will cover 700 square meters at 121 Rambla de Catalunya – a site formerly held by Benetton. Intersport is next door. There is no set opening date, but the premises already display the TNF brand. ...
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ArticleInsolvency administrator secures future of all relevant Internetstores assets
Early on, the appointed insolvency administrator Dr. Christian Gerloff had to realize that he could not find a buyer for the entire package of the insolvent Internetstores GmbH. Following the previously announced sale of the trademark rights and domains of Bikester (for certain European markets) and Fahrrad.de to Fahrrad.de founder ...
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News briefsEOCA vote on nature conservation projects for 2024 started
The European Outdoor Conservation Association (EOCA) has opened the public vote to select the first conservation projects for 2024. With a potential reach in the millions, this is an opportunity for the shortlisted organizations to showcase themselves on an international platform to gain support and showcase the important work they ...
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News briefsOTS venue commits to net zero by 2030
Exhibition Centre Liverpool, the venue for the UK trade show OTS since 2021 and recently confirmed as a future venue until at least 2027, has committed to becoming a net zero venue by 2030. This puts Exhibition Centre Liverpool twenty years ahead of the events industry’s 2050 target and reflects ...
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News briefsDates for Slide & OTS Winter 2025, ski test in France
Following a of exhibitors and visitors who took part in Slide & OTS Winter 2024, the dates for the 2025 trade show have now been set for Jan. 7-9, 2025. The early January date suited the majority of respondents, the survey found out, and there was a strong preference ...
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ArticleREI Path Ahead Ventures recognizes 16 emerging US outdoor companies
REI Path Ahead Ventures has announced that 16 emerging companies have completed the Embark program, a three-month curriculum developed in partnership with Founded Outdoors to help founders of color in the U.S. turn their early-stage ideas into viable businesses. The Embark program is part of REI Path Ahead Ventures, the ...
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News briefsNewell Brands broadens focus for Coleman
Still working to turn around the fortunes of its struggling Outdoor & Recreation segment, parent Newell Brands has made numerous changes to the business. These include installing a new segment leadership team and broadening Coleman’s focus to all outdoor activities instead of camping exclusively. Newell CEO Chris Peterson told analysts ...
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Short stops
Short Stops Week 18, 2024
RETAIL & DISTRIBUTION +++ The innovative Globetrotter Re:Think Store concept, created by Dan Pearlman in close cooperation with the Globetrotter team, was awarded the “Store of the Year” special prize by the German Retail Association (HDE) +++ PRODUCT & MARKETING +++ Seattle-based Outdoor Research released a limited-edition ...
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ArticleThule’s Q1 results benefit from bicycle market recovery
In its Q4 report for 2023, transport system provider Thule Group AB stated that it was already experiencing “the first signs of an improvement in the tense market situation.” The first quarterly report of the current 2024 financial year proves that the Swedes were not mistaken: They have made a ...
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ArticleColumbia lifts FY guidance slightly despite lower Q1 profit
Columbia Sportswear continues to project a 2 to 4 percent annual sales decline to $3.35 to $3.42 billion for the full fiscal year but has raised its operating profit outlook from a prior forecast by a modest 1 percent to $259–$291 million. Annual gross margin is now forecast to expand ...
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ArticleMips with good start into 2024 on the back of bike market recovery
For the first time, the slump in the bicycle market was no longer the main reason for the decline in sales in Mips’ Q1 2024 earnings report, as was previously the case. Not the subcategory “Bicycle,” but the subcategory “Snow” was the main driver of the 6 percent decline in ...
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News briefsPolygiene’s recovery appears underway
Polygiene, which forecasted a recovery in business conditions in mid-February, reported a 25 percent rise in Q1 sales to 35.1 million Swedish kronor (€3.02m) for the period ended March 31. Ebitda improved to SEK 4.8 million from negative SEK 1.4 million. The group generates an estimated 30 percent of its ...
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News briefsOlympics-bound US climber Jesse Grupper signs with Trango
Colorado-based climbing brand Trango announced a new partnership with U.S. climber and US Olympic team member Jesse Grupper. Grupper has qualified for the 2024 Paris Summer Olympic Games and is a member of the US Climbing Team. He secured his Olympic ticket by winning the 2023 Pan American Championships. ...
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ArticleStrava appoints new CPO and CTO
Strava, the connected fitness subscription platform with more than 125 million athletes, has appointed two new executives: Matt Salazar as Chief Product Officer and Rob Terrell as Chief Technology Officer. Both bring extensive experience in successfully scaling global product portfolios, leading organizations through integral growth phases and cultivating high-growth communities. ...
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News briefsDeckers creates role of President of Global Marketplace
US company Deckers Brands, owner of a portfolio of brands including Ugg, Koolaburra, Hoka, Teva, Sanuk and Ahnu brands, has promoted Marco Ellerker to the newly created role of President of Global Marketplace, effective Aug. 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most recently ...
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ArticleStrong demand for travel packs should bolster Osprey sales in EMEA, APAC
Osprey parent Helen of Troy reported 5.4 percent Q4 sales growth for its Home and Outdoor segment to $223.3 million. Segment revenues were sparked by higher sales in the brick-and-mortar and club channels, higher insulated beverageware sales from its Hydro Flex business, and international growth led by strong demand for ...
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ArticleShimano value sales down double-digit in Q1
Even during the bicycle boom in the Covid years, the world’s leading bicycle component manufacturer Shimano Inc. repeatedly stepped on the brakes in its outlook for the time after the pandemic. At least the sales figures for the first quarter of 2024 show that the Japanese company was not so ...
