Trail running
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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 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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News briefsLowa’s 2023 financial results stable despite weaker demand
Lowa’s production volume has been stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly ...
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ArticleDespite difficult times, Bike24 looks to a brighter future
Although 2024 got off to a challenging start in a persistently uncertain economic environment, Bike24 Holding AG, the German e-commerce retailer for cycling, running and swimming sports, expects a return to growth with improved profitability. “In the current macroeconomic environment, we have made a satisfactory start to 2024,” said Bike24 ...
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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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News briefsWolverine Worldwide aims for greater internationality with new license deals
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
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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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ArticleGarmin gains on positive results from fitness and automotive segments
Swiss navigation and fitness device manufacturer Garmin, in its seasonally lowest quarter of the FY, reported a 51 percent increase in Q1 operating income to $298.4 million from $197.0 million for the period ended March 30. Net income was up 36 percent year-over-year to nearly $276 million, and gross margin ...
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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 briefsDeckers creates role of President of Global Marketplace
US company Deckers Brands, owner of a portfolio of brands including Ugg, Koolaburra, Hoka, Teva, Sanuk and Ahnu brands, has promoted Marco Ellerker to the newly created role of President of Global Marketplace, effective Aug. 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most recently ...
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News briefsNew CFO at Lowa
As of April 1, 2024, Klaus Flock is the new Chief Financial Officer (CFO) of the German outdoor footwear specialist Lowa Sportschuhe GmbH. Flock joins Managing Director Alexander Nicolai and International Sales Manager Matthias Wanner as part of the Lowa management team. The previous commercial director, Rudi Limmer, will retire ...
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News briefsNew addition to Dynafit’s international marketing team
Source: Dynafit Veronica Glaser On April 1, 2024, Veronica Glaser joined mountain sports brand Dynafit, part of the Italian Oberalp Group, as Events & Internal Communications Manager. Glaser has a diverse professional background in the sports industry and most recently worked as Sponsoring Manager at Denk Pro ...
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ArticleCirql launches fully recyclable midsole made from 30% recycled TPU
US-based insole specialist OrthoLite, the company behind Cirql, a provider of sustainable material solutions for the global footwear industry, has launched a new midsole foam called Cirql rTPU30. According to Cirql, the patented innovation consists of 30 percent recycled TPU material and is manufactured through a chemical-free, supercritical foaming process. ...
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News briefsGregory official gear partner of Merrell Skyrunner World Series 2024
After a successful test run last year, Gregory and the Merrell Skyrunner World Series have confirmed their partnership for the current season. The luggage specialists will equip the entire team of the global trail running series with gear as they travel to 21 races on four continents. Gregory will test ...
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News briefsNew sales manager at Lowa Austria
Source: Lowa Austria Bernd Fürtbauer Bernd Fürtbauer has taken over as the new Sales Manager at Lowa Austria on April 1, 2024. He has made a name for himself as a successful product range manager, central buyer, purchasing manager and category manager in previous positions, including Sport ...
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News briefsFogliato steps down from role of Salomon CEO
Source: Salomon Franco Fogliato Amer Sports announced on April 12 that Franco Fogliato, President and CEO of Salomon, is leaving the company for personal reasons, effective immediately. He will be succeeded on an interim basis by James Zheng, CEO of Amer Sports, who will lead Salomon and ...
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News briefsPatent protection for OrthoLite Hybrid Technology line expanded
US-based insole specialist OrthoLite announces that, as of April 2, 2024, patent protection has been expanded for the speckled design of its Hybrid Technology line, including Hybrid, HybridPlus-Bio and HybridPlus Recycled. The patents protect the colored foam-speckled design that represents “quality, comfort, and the inclusion of at least 20 percent ...
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News briefsSuccessor for Garmin’s first General Counsel
Switzerland-based Garmin Ltd. announced today that Andrew Etkind, a company veteran, will step down from the position of General Counsel, effective July 1, 2024. Etkind will continue to serve as Vice President and Secretary for Garmin, while Josh Maxfield will assume the role of Vice President, General Counsel and Assistant ...
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ArticleTrail running shoe market to post 5.5% CAGR by 2032, says new report
The global trail running shoe market is estimated to reach $12.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5 percent from 2023 to 2032, according to a new report by Allied Market Research. According to the study, the increasing popularity of outdoor fitness activities and ...
