All articles by Outdoor Industry Compass Editorial Team – Page 17
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ArticleREI Co-op Studios to release new co-produced films this fall
REI Co-op Studios, the in-house content division of US outdoor retailer REI, has announced the release and expanded distribution of several feature films, shorts and podcasts. The projects include “Canary,” a documentary about climate that will be released in the US on Sept. 15; “Frybread Face & ...
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ArticleUTMB launches new sustainability roadmap, “UTMB for the Planet”
UTMB Group has launched “UTMB for the Planet,” a new action plan focusing on regenerating our planet and UTMB communities. The project builds on the actions in place at the Dacia UTMB Mont-Blanc since 2003. UTMB for the Planet will guide all the sustainability actions of UTMB Group and will ...
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ArticleRotor taking a hit in revenues
Rotor, the Spanish manufacturer of bicycle components, had the best year in its history in 2022, when revenues fell just shy of €22 million, improving by 30 percent on the previous year, but things have since slowed. The first half of 2023 produced a 25 percent drop in sales, and ...
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ArticleZero Waste Europe calls for legal framework banning the destruction of unsold fashion items
Source: ZWE Zero Waste Europe, a network of European NGOs working toward a zero-waste future, has published a new paper that asks for a legal framework banning the destruction of unsold fashion goods. The paper, titled “A Zero Waste Vision for Fashion -Chapter 1: All We Need ...
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ArticleThe final program of EOS 2023 in Berlin
The European Outdoor Summit (EOS) is held annually for around 300 delegates to learn more about and discuss the issues that we, as an industry, collectively face. The topics are always related to industry needs and focus on current and future economic, technical and social trends, to develop a theme ...
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ArticleSBTi report: 87% more companies set science-based goals in 2022
The Science Based Targets initiative (SBTi) reported a sharp rise in companies setting science-based targets in 2022, with 87 percent more having their targets validated (1,097), more than the entire previous seven years combined (1,082). In the SBTi Monitoring Report 2022, Japan emerged as a leader, with ...
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ArticleWorldly appoints UA COO as board member
Worldly (formerly Higg) announced the appointment of two new board members, including Colin Browne, Chief Operating Officer at Under Armour. The other new board member is Scott Stephenson, former Chairman and CEO of Verisk Analytics Inc. Browne has deep understanding of the global apparel and footwear value chain, gained in ...
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ArticleLycra launches new intellectual property enforcement initiative
The Lycra Company announced an intellectual property enforcement initiative in support of Lycra® FitSense™ technology, which is an aqueous dispersion of the Lycra® brand polymer which can be printed onto fabrics and garments to give a localized power boost, resulting in shaping and compression benefits. It has been successfully adopted ...
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ArticleResale specialist Trove secures $30 million Series E funding
Trove, a leading U.S.-based resale and trade-in company for brands and retailers including Canada Goose, Carhartt, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced $30 million in Series E funding, bringing Trove’s total funding since inception to more than $150 million. The funding round was co-led by Wellington Management and ...
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ArticleOutdoor Industry Climate Action Corps releases 2022 impact report
The U.S. Outdoor Industry Association (OIA) Climate Action Corps has released the latest data from its 2022 Impact Report, which summarizes the group’s goals, methodology, results and findings, as well as an assessment of the overall impact to date. The OIA Climate Action Corps was formed in January 2020 to ...
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News briefsIndorama triples its PET recycling capacity in Brazil
Indorama Ventures Public Co. Ltd., one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, has announced the completion of the expansion of its recycling facility in Brazil. The expansion project has been supported by a “Blue Loan” from the International Finance Corporation (IFC), the largest global development ...
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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ArticleSea freight market easing but orders are also down
Freight rates for sea freight containers from the Far East have fallen to a stable low level, but retailers are placing fewer orders with their suppliers than in the previous year. This is according to supply chain experts at Setlog, a software company based in Bochum, Germany, who carried out ...
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ArticleEOS 2023: First speakers and program content announced
Planning for the European Outdoor Summit (EOS) on September 28-29, 2023 in Berlin is in full swing and the European Outdoor Group (EOG) has announced the first speakers and program content: Philipp Meister, Global Fashion and Sporting Goods Lead at Quantis, is confirmed for his presentation “How to square ...
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ArticleOutdoor Research publishes first Annual Impact Report
Seattle-based company Outdoor Research (OR) published its inaugural Annual Impact Report, highlighting its commitment to sustainability, inclusivity and responsible corporate practices. The report is a tool OR will use to annually share its progress, achievements and future targets around its efforts as a responsible global corporate citizen. “The textile ...
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ArticleVaude reduces CO2 emissions by 5% while growing revenue by 13% in 2022
Responsible business practices and successful economics can be directly linked, as Vaude shows in its latest Sustainability Report. For years, the German outdoor company has been vigorously pursuing the goal of continuously reducing its ecological footprint and significantly cutting CO2 emissions as quickly as possible. To achieve this, the company ...
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ArticleVista Outdoor appoints more executives for upcoming Sporting Products spinoff
Source: Business Wire Andy Keegan, Vice President and interim CFO for Vista Outdoor, has been appointed CFO for the Sporting Products Company following the spinoff. Vista Outdoor Inc, the parent company of 41 sporting goods and outdoor lifestyle brands, announced that its Board of Directors has made ...
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ArticleSales in Swedish sports retail down 1.7% in Q2
According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in the Swedish sports retail sector fell by 1.7 percent in Q2 2023. This was the sixth consecutive quarter of negative development. Changing behavior patterns following the end of the ...
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ArticleTrove expands brand resale operations across North America, targets Europe
Trove, a leading, U.S.-based branded resale and trade-in company for brands and retailers including Canada Goose, Lululemon, Patagonia, REI, Levi’s, Arc’teryx, Carhartt and others, announced the expansion of five Trove Recommerce Powered Partner facilities across North America, including the U.S. and Canada, with expansion into Europe already in the planning ...
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ArticleBetter Cotton’s official feedback to EU Green Claims Directive proposal
Better Cotton has submitted official feedback to the EU on its proposal for a Directive on the Substantiation and Communication of Explicit Environmental Claims (Green Claims Directive). Whilst welcoming the proposal, Better Cotton has said that some sections would benefit from additional clarifications to facilitate its implementation and maximize the ...
