All Snowsports articles – Page 9
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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 ...
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ArticleDeuter receives “Green Button 2.0” certification
Among other measures, backpack and sleeping bag expert Deuter from Germany has been effectively and sustainably implementing the environmental and social standards of the “Grüner Knopf” (Green Button) directly and along the value chains since 2021 as part of its responsible business practices. Now, the company has gone through another ...
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News briefsOdlo x Burton release first snowboarder-specific baselayer
Odlo has joined forces with Burton to create the first snowboard-specific base layer in the Swiss base layer brand’s history. The Odlo x Burton Slokar Performance Wool 200 base layer is a seamless, technical performance base layer comprising of a crew neck long sleeve top and matching 7/8th length ...
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News briefsVista Outdoor announces CFO for Revelyst
Source: Vista Outdoor Andy Keegan Previously considered a plan, it’s now official: Andy Keegan, currently Vista Outdoor’s vice president and interim CFO, will serve as Revelyst’s CFO following the planned spin-off of Vista Outdoor’s Outdoor Products segment into a separate public company. Keegan will continue to serve ...
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ArticleSigna Holding sells Sport Scheck to British Frasers Group
On Oct. 17, Signa Retail Department Store Holding GmbH announced the sale of the German sporting goods chain SportScheck to British sporting goods and fashion retailer Frasers Group. Frasers runs, among other brands, Europe’s largest retailer of sports and fitness footwear, apparel and equipment, Sports Direct. No details were given ...
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ArticleVista Outdoor divests Sporting Products business for $1.91bn
Vista Outdoor has agreed to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion. The transaction is subject to customary closing conditions. This transaction is the next step in Vista Outdoor’s plan to split the business into separate entities, previously announced on ...
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News briefsArc’teryx to upsize its Covent Garden retail location in London
Canadian outdoor brand Arc’teryx is planning to upsize its location in London’s Covent Garden to a nearly 750-sqm store. The new flagship store at 42 King Street, which is scheduled to open early next year, will mark a 400 percent increase in its retail footprint. Arc’teryx first opened in the ...
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News briefsStio commits to eliminating PFAS by 2025
Jackson Hole-based technical outerwear brand Stio is the next outdoor company to commit to eliminating PFAS, also known as per- and polyfluorinated chemicals or “forever chemicals.” With the launch of its FW23/24 collection, Stio is already making progress toward its goal, with more than half of its current collection manufactured ...
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ArticleFirst products with mass-produced brewed protein fiber
On Sept. 29, a total of 17 products using Spiber’s next-generation Brewed Protein™ fiber were released as part of the FW2023 collection from four brands: Goldwin, The North Face (TNF), Nanamica and Woolrich. The collection is the first mass-produced garment to be sold on a large scale since Spiber’s Thai ...
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News briefsOsprey continues its sustainability efforts
Osprey, a Helen of Troy brand, is introducing its first backpacks made with 100 percent ocean-based or ocean-bound plastics as the primary material – the new Daylite™ Earth and the updated Talon Earth™. Overall, Osprey reports that it will have achieved nearly all of its Phase 1 sustainability goals by ...
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ArticleOdlo launches expanded ReWear concept, opens flagship in Zurich
Source: Odlo ReWear Swiss functional apparel manufacturer Odlo announced the launch of Odlo ReWear, a new, expanded initiative by the company to support the circular economy. Garments that would otherwise be discarded will now be given a second life, which enables the company to help reduce waste. ...
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ArticleVista Outdoor unveils name for outdoor products segment
Having already announced the new name of its Sporting Products segment (The Kinetic Group) last August, Vista Outdoor Inc. has now revealed the name and identity of its Outdoor Products segment following the planned separation of the group: Revelyst, Inc. The new Outdoor Products company will trade on the New ...
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News briefsHaglöfs presents Outsiders by Nature Film Festival 2023
Now in its third year, the Outsiders by Nature Film Festival presented by Haglöfs puts a spotlight on the journeys undertaken by Haglöfs’ community of adventure-seeking ambassadors. Screening events, each showcasing a selection of this year’s festival films and cameos by some of Haglöfs’ adventurous ambassadors, will take place this ...
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News briefsRECCO teams up with American Institute for Avalanche Research
Recco, known worldwide as a provider of avalanche burial location technology, has partnered with the American Institute for Avalanche Research and Education (AIARE) to support the institute’s Women’s Mentorship Program. The partnership will raise awareness of Recco technology among AIARE instructors and students and show them how to incorporate it ...
