Snowsports
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News briefsHaglöfs' CEO steps down
Source: Haglöfs Fredrik Ohlsson leaves his post as CEO of Haglöfs Swedish outdoor brand Haglöfs announced a change at the top of the company on May 17. Fredrik Ohlsson, who has led the company for five years, will step down as CEO. This decision is in line ...
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News briefsTNF opens new concept store in Singapore
The North Face (TNF) returns to Singapore’s retail landscape courtesy of one of the Middle East’s leading family conglomerates, GMG, following its withdrawal in 2017. The new concept store, with a retail space of around 230 sqm in VivoCity, is the first of its kind Southeast Asia and features products ...
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News briefsNiclas Nyrensten declines re-election and leaves RVRC’s board
Niclas Nyrensten, board member and co-founder of RevolutionRace (RVRC), has announced that he will not seek re-election to the company’s board and will step down in July 2024 at the latest. “The company has, after 10 years, become mature enough to manage without the founders – I and Pernilla, said ...
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News briefsSuperfeet welcomes new CFO
Source: Superfeet Kathryn McKenzie Pacific Northwest-based insole specialist Superfeet announced the appointment of Kathryn McKenzie as its new Chief Financial Officer. With a distinguished background financial and strategic leadership, McKenzie joins Superfeet to spearhead the company’s financial strategies. The company said McKenzie will play a crucial role ...
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ArticleIsbjörn has the highest second-hand value among kids’ brand
In a new independent study by Tradera.com, Sweden’s largest online marketplace for the circular economy, Swedish premium and sustainable outdoor children’s clothing brand Isbjörn has the highest second-hand value on the circular market. Tradera looked at the number of online searches, items sold, average prices and sales ...
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News briefsHelly Hansen sales fall in Q1
Reported Q1 sales at Canadian Tire-owned Helly Hansen declined by 7.8 percent to 192.2 million Canadian dollars (€130.3m) from C$208.4 million for the three months ended March 30. Brand sales outside of Canada accounted for nearly 93 percent of the total, or C$178.2 million (€120.8m). The Norwegian company’s constant currency ...
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News briefsTopgolf Callaway Brands lowers guidance on soft Wolfskin trends, currency
Topgolf Callaway Brands has dropped its annual revenue guidance range to $4.44–$4.48 billion, citing both significant currency volatility and weaker trends in its Jack Wolfskin business. In Q1 ended March 31, the group’s Active Lifestyle segment suffered a 15.2 percent revenue decline to $271.5 million due to lower wholesale sales ...
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News briefsMontane becomes a Bluesign System Partner
Montane, the outdoor clothing and equipment brand based in Northumberland, UK, has obtained Bluesign System Partner status. The brand explains on its website that many of the fabrics and trims it uses have been Bluesign-approved for years. In January, Montane published its first-ever Impact Report as part of its commitment ...
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ArticleRVRC sets new three-year targets as Q3 results come in strong
Swedish DTC outdoor company Revolution Race (RVRC) disclosed new three-year financial targets ahead of reporting strong Q3 results. The group intends to achieve annual sales growth of 20 percent and an adjusted EBIT margin of 20 percent through FY26/27. In late January, RVCR said its FY23/24 revenue objective was at ...
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ArticleQuarterly loss widens at Clarus
Despite the wider operating loss and slightly lower overall sales, Clarus, the parent of Black Diamond, Pieps, Rhino-Rack, Maxtrax and Tred Outdoors, saw sales momentum in its Adventure segment and operational improvement within the Outdoor segment. The period ending March 31 marked the first phase of the group’s three-year strategic ...
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News briefsNew VP Brand for Sorel
Columbia Sportswear Company announced that Michael Minter has joined the company as Sorel’s Vice President, Brand, effective April 29, 2024. Minter has spent nearly 20 years in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC and Reef. His work has ranged from award-winning advertising campaigns ...
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News briefsOrthoLite expands global foam innovation team with two specialists
OrthoLite’s Global Foam Innovation Team was founded by Hanson Zhang, the company’s Chief Chemist, who co-leads the team, which is essentially the heart of the insole specialist’s product development, with Wen Bin Hong, OrthoLite’s Director of Chemistry. Now, two new hires have been announced to – as Ortholite puts it ...
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ArticleREI posts $3.76 billion in revenue in 2023, but loses $311 million net
US specialty outdoor retailer REI Co-op released its impact report and financial results for 2023 on April 30. The year closed with $3.76 billion in net sales and nearly $270 million invested back into the co-op community. Net sales were down 2.4 percent from 2022, and the co-op reported a ...
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ArticleLa Sportiva opens first US retail store in Colorado
Italian mountain sports brand La Sportiva celebrated its first retail store in the US with a Grand Opening event in Boulder, Colorado, on April 18-19. The new location at 2100 Broadway has been open to the public since Jan. 2, 2024. The Grand Opening helped underscore the brand’s commitment to ...
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ArticleOICompass supports POW initiative: Promoting a sustainable future in EU elections
Discover how POW Europe is mobilizing the outdoor industry to promote sustainable policies in the upcoming EU elections.
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ArticleCoDi's aggregate Q1 sales nearly unchanged despite net loss
The net loss from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, PrimaLoft, and Velocity Outdoor) was $10.5 million against a profit of $1.79 million for the three months ended March 31. Aggregate sales for the four businesses were essentially ...
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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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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 ...
