Snowsports – Page 9
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ArticleClarus cuts FY guidance again after Q3 sales slip 14%
Clarus Corp. cut its full-year guidance for a second time after sales in the third quarter slipped by a reported 14 percent to $100.1 million and were 13 percent lower at constant currency rates. “Looking towards the fourth quarter, our priorities remain set on seeking the stabilization of sales and ...
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ArticleSOG gains importance after the pandemic: “What we do generates interest”
Source: SOG David Nordblad In the wake of the pandemic, David Nordblad started in the role of Secretary General for the Scandinavian Outdoor Group (SOG). Since then, he has been occupied with various responsibilities, and he notes a sustained interest in joining the organization. In fact, SOG ...
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News briefsCraghoppers partners with British conservation charity
British outdoor clothing brand Craghoppers has collaborated with the independent conservation charity, the National Trust, to create a sustainable clothing collection launching in AW24. Inspired by the countryside under the National Trust’s care across England, Wales and Northern Ireland, the collection’s color palettes are designed to reflect a crisp autumn, ...
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News briefsVaude receives Reuters Business Transformation Award
German outdoor outfitter Vaude has won the internationally coveted Business Transformation Award 2023, which honors the world’s best companies committed to sustainability. Hilke Patzwall, Vaude Sustainability Manager, and Jan Lorch, Vaude Managing Director Sales & CSR, accepted the award in London on Nov. 1. They made the long journey from ...
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ArticlePolartec announces Apex Award winners 2023
Polartec has announced the winners of the Polartec Apex Awards 2023. The annual design award recognizes brands and designers that embody Polartec’s Made To Go Beyond ethos. The winning garments – selected from hundreds of entries that improve the lives of those who wear them – embody ...
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News briefsReorganization at Ortovox with new, six-person Executive Board
After Ortovox expanded to a three-person management team in February 2022 “to adapt processes to the changing market conditions,” the German mountain sports specialist has now decided to focus on more streamlined structures (for almost the same reasons – “to meet the changing market conditions and the diverse challenges”). As ...
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News briefsRab and Lowe Alpine with new distribution partner in Austria
Source: Ibex Thomas Span With the start of the HW24 sell-in season, the Austrian specialist retail partners of the British Equip brands Rab and Lowe Alpine will be supported by Ibex Sportartikel GmbH, led by Thomas Span. Ibex brings many years of industry knowledge and a great ...
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ArticleVSSÖ: Austria’s outdoor market remains stable
Despite the economic challenges in the 2022/2023 season, the Austrian outdoor industry was able to maintain its sales at a high level according to the latest market figures published by ARGE Outdoor (the specialized interest group of the Austrian outdoor sporting goods industry, which was founded in January 2023 and ...
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News briefsBerghaus launches “Cold Studies” marketing campaign
British outdoor brand Berghaus, part of Pentland Brands, has launched a new campaign to promote its latest collection of insulated apparel, timed alongside the launch of its new autumn/winter range. Dubbed “Cold Studies,” the new long-term platform is meant to inspire outdoor enthusiasts to seek out cold-weather adventures while also ...
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News briefsAdidas chooses Terrex as label for skiwear from Adidas by Stella McCartney
Source: Adidas Terrex Iris Law presents the first ever Adidas by Stella Mccartney ski collection Now in the eighteenth year of the collaboration, Adidas by Stella McCartney is venturing into the snowsports arena with a new ski wear collection that will be marketed under Terrex, Adidas’ Outdoor ...
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News briefsCoDi’s large premium for Marucci will benefit the business
Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement. In Q3 ...
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News briefsPatagonia collaboration brings repairs to the UK
Patagonia has once again teamed up with United Repair Centre, to open a new repair center in London, handling its UK repairs business. The newly-opened location is also in collaboration with the social enterprise, Fashion-Enter. The UK-based center is the second of its kind, with a repair center opened in ...
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ArticleVista Outdoor will prioritize debt reduction ahead of vote on Sporting Products divestiture
Vista Outdoor, which agreed in mid-October to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion, says it will continue to prioritize debt reduction ahead of a vote by shareholders to approve the sale. The company finished Q2 on Sept. 24 with ...
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ArticleArc’teryx announces partnership with Aluula Composites
Arc’teryx Equipment is partnering with composite materials manufacturer Aluula Composites to further develop Arc’teryx’s product offering using new and innovative ultra-lightweight fabrics. The two Canadian brands, based in North Vancouver and Victoria, BC, respectively, are committed to developing high-performance products for outdoor athletes and are culturally very similar. The Arc’teryx ...
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News briefsChina aims to build €385bn outdoor sports industry by 2025
According to the government news agency Xinhua, China aims to develop outdoor sports into an industry worth 3 trillion yuan renminbi (€386 billion) by 2025, according to a government action plan released last week. The action plan, which covers the period from 2023 to 2025, aims to boost the construction ...
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News briefsA second edition for Winter Business Days and the new Skimofestival
Italian media group MagNet, formerly known as Sport Press, has announced the second edition of the B2B show Winter Business Days, scheduled to take place on Jan. 28-30, 2024. The event will be held again in Ponte di Legno – Tonale, a popular ski area and hiking destination between Italy’s ...
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ArticleAll of Switzerland covered by Recco SAR helicopter detector system
Recco reports that four SAR helicopter detectors are now in operation throughout Switzerland at sites in Zermatt, Sion, Samedan and Lauterbrunnen. The last two detectors were put into operation earlier this year. The Recco SAR helicopter detector in Samedan is operated by HeliBernina, while the one in Lauterbrunnen is operated ...
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ArticleColumbia lowers FY23 outlook, braces for challenging Spring ’24
Columbia Sportswear, despite making strides in its ongoing inventory reduction program and improving its quarterly gross margin by 70 basis points to 48.7 percent, reported a 7 percent decline in Q3 net income to $103.5 million from $111.8 million for the period ended Sep. 30. Period operating income was also ...
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ArticleMips: Gloomy year due to high inventory levels
Both weak demand and high inventory levels in the bicycle helmet category, which is also served by helmet safety technology provider Mips AB, led to another whopping 31.9 percent drop in sales in Q3 of FY23 compared to the same quarter in 2022. However, the situation gradually improved during the ...
