Snowsports – Page 4
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ArticleThe winners of the French Outdoor Awards 2024
On Jan. 30, the 22 candidates for the French Outdoor Awards 2023-2024 had the opportunity to present their product or service to a jury of experts, media representatives, representatives of outdoor brands and potential future customers at the Sport Achat 2024 trade show in Grenoble. Four products stood out and ...
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News briefsGo Outdoors to open Express store in major Newcastle mall
UK retailer Go Outdoors, part of JD Sports Fashion, has confirmed that it will open a store later this year at Metrocentre, one of Europe’s largest shopping malls, in Gateshead, near Newcastle. The shopping mall was opened in 1986 and contains around 330 retail outlets. The store will present itself ...
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ArticleThule’s sustainability targets confirmed
The Science Based Targets initiative (SBTi) promotes ambitious climate protection measures in the private sector by allowing companies to set science-based targets for reducing greenhouse gas emissions. Thule Group’s targets for Net-zero have now been approved by the organization. This is an important endorsement of the company’s sustainability ambitions. In ...
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ArticleSports Direct launches Outdoor, starting at Cardiff flagship
British retailer Sports Direct is expanding its range to include outdoor products from Feb. 23, starting at its new Cardiff flagship store in Wales, a 5,580-sqm store that spans across three floors and also features specialist sporting areas for Sports Direct’s football, rugby, and running categories, as well as dedicated ...
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ArticleNewell Brands announces changes to the Board
Newell Brands, the Atlanta-based group that owns several consumer goods brands, including outdoor brands Marmot, Coleman, Contigo and Campingaz, announced changes to its Board of Directors. James “Jim” Keane, retired President & Chief Executive Officer of Steelcase Inc., has been elected to the company’s Board of Directors, effective Feb. 15, ...
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News briefsMontane publishes first Impact Report
As part of its commitment to reduce its environmental impact, outdoor clothing specialist Montane has just released its “2023 Impact Report.” The company said that from now on, it will publish these reports annually. The report highlights Montane’s initiatives in three key areas: People, Product, and Planet. Montane’s journey to ...
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ArticleKMD group sales slowed in H1, Kathmandu affected by weak winter down under
All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...
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News briefsNew Wave increases operating profit by 5% in FY23
Annual operating profit for Swedish New Wave Group, whose business operates in three segments, increased by 5 percent to 1,577.2 million Swedish kroner (€140.4m) for the 12 months ended Dec. 31 as total revenues inched up by 2 percent to SEK 3,874.6 million (€344.9m) from SEK 3,782.3 million. In Q4, ...
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News briefsColorado ski brand acquired by US real estate developer
Chase Gardaphe, an American real estate developer focused on developing and managing manufactured housing communities, has acquired Romp Skis, a Colorado-based custom ski brand. Romp was originally founded by Morgan and Caleb Weinberg in 2010 and has grown exponentially over the past decade. Gardaphe will continue to expand operations at ...
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ArticleYeti misses Q4 sales mark, but international soars
Yeti is forecasting sales growth of 20-25 percent in 2024 from all markets outside the U.S. after stellar results from the segment in FY23. The group’s international sales expanded by 28 percent last year to nearly $260.7 million, fueled by momentum in Europe, where the brand is now carried in ...
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ArticleElevate Outdoor Collective launches Collective Progress Initiative
With the launch of the Collective Progress Initiative, Elevate Outdoor Collective’s (EOC) global brands – K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates – are working hand-in-hand to eliminate waste and maximize the recyclability and ...
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News briefsSpyder to launch PFAS-free ski apparel starting this fall
Liberated Brands has unveiled an ambitious plan to eliminate per- and polyfluorinated substances (PFAS) from the Spyder ski apparel line starting in fall 2024. The elimination of PFAS will be strategically implemented through a multi-season initiative. At the same time, the brand will also introduce new innovations in waterproof materials ...
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ArticleVF appoints Caroline Brown to the board after aligning with activist investor Engaged Capital
Source: VF Corp. Caroline Brown VF Corp. has appointed Caroline Brown to the company’s Board of Directors, effective Feb. 14, 2024. The appointment follows constructive discussions with VF’s shareholders, including Engaged Capital, LLC. VF also intends to appoint an additional independent director in the near future by ...
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ArticleGlobal winter sports industry unites around Climate Pact, to join UN Race to Zero campaign
The Winter Sports Sustainability Network (WSN), managed by Peak 63 and the Federation of the European Sporting Goods Industry (FESI), in collaboration with Snowsports Industries America (SIA), announced the establishment of a transformative Climate Pact, bringing together prominent ski, snowboard, binding and boot brands from Europe and the US in ...
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ArticleThule Group coped not too badly with challenging FY
Swedish Thule Group AB ended the challenging financial year with a year-on-year decline in sales of 9.9 percent to total sales of 9.13 billion Swedish kronor (€804.71 million), an operating result of SEK 1.51 billion (€133.08m, -11.8 percent) and a net profit decline of 13.8 percent to SEK 1.10 billion ...
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ArticleMips with poor 2023, but bike helmet orders are growing
2023 was a challenging year for helmet safety technology provider Mips AB, mainly due to the bicycle helmet category, which was affected by high inventory levels and a drop in demand. The only ray of hope: incoming orders for this very category picked back up for the first time in ...
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ArticleGoPro counts on some wins despite Q4 and FY losses
GoPro is increasing its retail presence and product range while ramping up its brand exposure at global sporting events, despite reporting Q4 and FY23 operating losses and declines in revenues. Ten months since launching a multi-year growth strategy, the group says it can count on some wins despite the reported ...
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ArticleUSWE fails to meet Q3 target, strategic focus on North American distribution channels
USWE Sports AB, the Swedish parent company of USWE, Void Cycling and Giant Loop, reported a positive Ebitda in the last two quarters but missed this target in the third quarter (October-December) with an Ebitda of -1.4 million Swedish kroner (€-123,908). For the first nine months of the financial year ...
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ArticleLevi Ski Resort: Leading the way with snow security and superior service
Snow reliability is the paramount competitive factor for Levi, a ski resort in Finland. Find out how industry cooperation and innovations are securing the future of the resort.
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ArticleThe North Face, EMEA stronger in ‘challenging’ VF quarter
VF Corp., whose current portfolio includes The North Face (TNF), Vans, Timberland and Dickies, among others, initiated a strategic review of its brand assets after reporting disappointing Q3 results “across the board” that included double-digits declines in total sales, wholesale revenues and for three of its main brands. The group, ...
