The latest news, analysis and data on topics including Financial Results, Corporate, M&A, Omnichannel, Retail & Distribution, E-Commerce & DTC, Market statistics, Policy & Legal, Trade & Sourcing, Marketing, Products, Trade fairs & Conference
Solo Brands reports Q4 loss on impairment charge
A goodwill charge of $249 million related to its Solo Stove, Oru and Isle businesses negatively impacted Solo Brands’ Q4 results. The operating loss was $240.8 million against an operating profit of $26.8 million for the three months ended Dec. 31. The Q4 net loss was $210.9 million against a ...
Sympatex unveils new sustainability initiatives and collaborations
Sympatex is poised to make a significant impact at the upcoming Performance Days event. One of the standout features of Sympatex’s presence at the event will undoubtedly be its collaboration with E.dye, a renowned leader in sustainable textile dyeing solutions.
BlackYak supports ‘Icefall Doctors’ in the Himalayas
South Korean outdoor brand BlackYak has announced a collaboration with the Sagarmatha Pollution Control Committee (SPCC) and the Nepal Mountaineering Association (NMA). The partnership aims to address critical environmental issues exacerbated by global warming and mountaineering activities in the region.
Spinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff.
Polartec aims to make a difference with ‘Beyond Begins Today’
Since inventing the first fleece made from recycled plastic water bottles in 1993, Polartec, a Milliken & Company brand, has upheld its steadfast promise to protect the environment and is doing everything to make the goal of “zero waste” a reality – from using 100 percent recycled and plant-based materials ...
ZIV: German bicycle industry defies consumer climate
The German Bicycle Industry Association (ZIV - Die Fahrradindustrie) presented its market data for 2023. Contrary to expectations and the generally negative consumer climate, both bicycle production and bicycle sales once again reached a very high level in 2023 – comparable to the Covid-related bicycle boom year of 2020. Overall, ...
Buff revises revenues for FY 2022-23
Buff, as Palco23 reported back in September, reported consolidated revenues of €48.2 million for its full year 2023, which ended last April. Buff has since revised the figure to €47.8 million, as the same source reported in February. Either way, there was a decline from the €49.6 million of FY ...
Ethicamper: New 'fair' online store for outdoor enthusiasts and campers
Elisa Fuchs and Patrick Lenzbauer from Graz, Austria, have launched a sustainable, German-language online store for outdoor enthusiasts, called Ethicamper. Environmentally friendly materials, produced as locally as possible and in a resource-saving manner: “Ethicamper offers a carefully selected range of products and solutions for a better future,” says the company. ...
Manitobah launches “Rooted” brand campaign
Canada-based Indigenous footwear brand Manitobah introduced Rooted, a global brand campaign showcasing seasonal artist Mikailah Thompson and affirming its commitment to elevating Indigenous artistry. Rooted in Thompson’s vision, the campaign emboldens all to dream of the infinite possibilities that lie ahead, rooted in the past, while guided by the hope ...
REI to offer non-gendered own-brand products to promote inclusivity in the Outdoors
US retail chain REI Co-op announced the launch of its new spring line of gear and apparel, which also includes the brand’s first non-gendered apparel assortment for adults. Additionally, REI shared plans for its in-house brand to move beyond a gender-specific designation where it makes sense. As part of this ...
EFTA and India sign trade and economic partnership agreement
On March 10, the European Free Trade Association (EFTA) countries – Iceland, Liechtenstein, Norway and Switzerland – and India signed a Trade and Economic Partnership Agreement (TEPA). The landmark agreement between India and EFTA will bring significant economic benefits, such as better integrated and more resilient supply chains, new opportunities ...
Swedish researchers develop completely recycled viscose
Viscose textiles are typically made of biomass from the forest and fully recycled viscose is not available. Researchers at Lund University in Sweden claim they have now developed a technique to produce new viscose from worn-out cotton sheets. In Sweden, old textiles are usually burned to produce district heating. Extensive ...
Slimmed down Clarus focused on outdoor, adventure
Having completed the divestiture of its former Precision Sport business on Feb. 29, Clarus Corp., the parent of Black Diamond, Rhino-Rack, Maxtrax and Tred Outdoors, says it has taken important steps to realign its brands and inventory levels and position its business for “long-term profitable growth as a pure-play, ...
Coats sees rebound in footwear, albeit destocking lags behind apparel sector
Coats expects modest revenue growth in 2024 as its markets started to recover in the second half of last year, helping it to deliver higher 2023 profits. The British group, which makes threads and components for the footwear and clothing industries, said destocking of inventories by footwear customers had lagged ...
Snow Peak’s lofty FY24 goals will be chased as private company
Snow Peak, the upscale Japanese camping business, which went public a decade ago, will reportedly go private through a management-led buyout with Bain Capital as a partner in a deal valued at approximately ¥50 billion (€310m). The pending transaction was first reported several weeks ago by multiple outlets, including Mergermarket ...
PrimaLoft drops two new high-performance down alternatives
PrimaLoft, Inc. has expanded its range of synthetic down alternatives. PrimaLoft Insulation ThermoPlume+ and PrimaLoft Insulation RISE Loose Fill are the latest products that, according to PrimaLoft, combine the performance and aesthetics of natural down with the benefits of PrimaLoft synthetic fibers, all in a sustainable chassis case. Brands such ...
Cascale releases updated version of Higg BRM
Cascale (formerly the Sustainable Apparel Coalition, SAC) has launched the latest version of the Higg Brand and Retail Module (BRM), part of the Higg Index suite of tools. This update reflects Cascale’s commitment to refining the Higg Index to meet the needs of members, users, and the industry.
France’s proposal against fast fashion
The administration of French President Emmanuel Macron, founder of the Renaissance party, will support a law proposed by an opposition party to penalize fast fashion.
Klean Kanteen acquired by Think Better Group
Klean Kanteen, a family- and employee-owned company known for reusable stainless steel beverage and food containers, has been acquired by the Think Better Group in partnership with the ABN AMRO Sustainable Impact Fund.
Rapala VMC eyes operating profit return in FY24
After a challenging FY23, where sales fell by double-digits in all its key geographic markets, Rapala VMC intends to return a full-year comparable operating profit this year, helped by retail inventory levels that are finally returning to normal levels. Other factors projected to bolster results for the Finnish outdoor group ...
Georgina Kirby: "At Kari Traa we resonate with women"
Discover how Kari Traa’s General Manager navigates gender equality, community-building and the empowerment of women.
New CEO at Primus-Silva
The Swedish outdoor equipment company Primus-Silva has appointed Jonas Sjögren as its new CEO. Richard Jägrud, who has served as CEO for the past seven years, has decided to leave the company to pursue new professional challenges. Sjögren and the Primus-Silva management team will work closely together to lead the ...
Performance Days: Why to turn up to “The Future of Polyester: Beyond the Bottle”?
The ingredient sourcing show Performance Days returns to Messe Munich on March 20-21, but is it worth attending? The easy answer is YES! Hopefully, this article by our expert Charles Ross will enlighten you as well.
Salomon presents new brand campaign
Mountain sports lifestyle brand Salomon has teamed up with advertising agency DDB to unveil its new multi-channel brand campaign, “Welcome Back to Earth.” The campaign aims to increase brand awareness around the world and appeal to a younger audience in the key epicenters of San Francisco, Shanghai, New York, and ...
Arc’teryx helps Amer Sports grow sales in first quarter as public company
Thirty-four days after raising $1.365 billion in an NYSE IPO, Amer Sports conducted its first earnings call as a public company yesterday. While the Arc’teryx, Salomon and Peak Performance parent delivered Q4 revenues some $20 million above expectations, the quarterly loss was wider than expected. Amre’s shares finished the trading ...
Icebug to open first store in Stockholm
Swedish shoe label Icebug unveiled it will soon open its first brand store in Bibliotekstan, at Norrlandsgatan 10, with a sales area of approximately 80 square meters.
Ambitious Spanish cycling app gets an update
In its quest to become the one-stop shop in cycling platforms, All in Biking is releasing an update of its app that CEO José Julio Becerril believes will make it “the world’s most complete and versatile” for cyclists and hopes will raise its usership to 1 million, according to CMDsport.
EOG publishes annual report 2023, second consecutive year of membership growth
The European Outdoor Group (EOG), founded in 2003 by 19 outdoor companies, has published its annual report following its online Annual General Meeting, where members were presented with a detailed report on the association’s activities and achievements in 2023, culminating in the successful vote to make participation in a Race ...
Teva celebrates 40th anniversary with ‘Where to Next?’ campaign
Born in the Grand Canyon in 1984 by a resourceful river guide looking for a way to prevent sandals from floating downstream, US outdoor footwear brand Teva introduced the world to the first sport sandal. To celebrate this major milestone, the brand, a division of Deckers Brands, has introduced its ...
Vista Outdoor rejects unsolicited offer from MNC Capital
Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...