All Ukraine articles
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ArticleShimano with new sales and profit record for its bicycle division
Many companies – irrespective of the industry – lost ground, especially in the second half of 2022. Inflation triggered by the Ukraine war has led to a buying restraint on the part of consumers worldwide. Everyone is feeling the pinch. But there are a few exceptions: For Shimano, for example, ...
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ArticleShimano defies slowing demand with results above pre-Covid level
Triggered by the Russian invasion of Ukraine, global shortages in raw material and energy supply, as well as rising raw material prices, will have a direct impact on the business of Shimano Inc. Nevertheless, demand for bicycles and fishing tackle remained stable in the first three sales quarters of fiscal ...
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ArticleRussia's mass mobilization fuels demand for sports and outdoor products
The Russian market experienced a boom in demand for sporting and outdoor goods since Sept. 21, when the Russian president declared the first mass mobilization in the country since the second world war. The demand for military ammunition has sharply risen in Russia, and the price of sporting and outdoor ...
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ArticleInfinited Fiber predicts Infinna roll-out delay due to Ukraine war
Fashion and textile technology company Infinited Fiber Company’s work to build the world’s first commercial-scale Infinna™ textile fiber mill in Kemi, Finland, has been largely on track since the mill site was announced in June 2022. The company is now also increasing its focus on further scaling up Infinna production ...
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ArticleBike24’s bright spot in difficult times is its young international business
Thanks to sales increases in Spain, France and Italy, the listed German cycling, running and swimming sports online retailer Bike24 Holding AG was at least able to significantly grow its international business. Nevertheless, the Dresden-based company had to accept a decline in sales of 4 percent to €67 million in ...
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ArticleFox Factory with new sales records, gives cautious outlook
U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...
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ArticleOutdoor goods in Russia enjoy a rise in popularity, despite skyrocketing prices
Demand for outdoor goods in the Russian online stores has jumped by 100 to 300 percent in the summer of 2022 compared with the same period of the previous year. One of the largest Russian online marketplaces, Sbermegamarket, said that in June-July, it sold 340 percent more goods for outdoor ...
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News briefsBike24 revises 2022 annual forecast
German bike, running and swimming sports online retailer Bike24 Holding AG has revised its previous forecast for the full year 2022 downwards due to the further deterioration in economic conditions in Q2 2022. According to the Dresden-based company, which has been listed on the stock exchange since June 2021, the ...
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News briefsSamsonite has divested all commercial activities in Russia
According to a company release, Samsonite International S.A. (and its consolidated subsidiaries) divested its Russia business on July 1. The withdrawal’s financial terms and details have not been disclosed. The company had announced in March that it had suspended all commercial activities in Russia until further notice. Kyle Gendreau, Samsonite’s ...
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ArticleBicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
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News briefsUTMB World Series makes charity bibs available in support of Ukraine
UTMB World Series is releasing charity bibs for more than 15 UTMB World Series Events to aid causes that directly support the Ukrainian people affected by the war. The project is carried out in collaboration with the Red Cross, the United Nations High Commissioner for Refugees (UNHCR), and the GivenGain ...
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News briefsGregory sales decline slightly in Q1, impacted by Asia and Europe
Samsonite International reported that Gregory Mountain Products sales declined 4 percent to $15.1 million in Q1 2022 from $15.8 million a year earlier, making it the only Samsonite brand to report a decline in the period. Sales in North America increased 5 percent due to the easing of social distancing ...
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News briefs#GetActiveForUkraine: Outdooractive community collects kilometers for donations
The maps and touring portal Outdooractive, based in Immenstadt, Germany, has launched a charity challenge with its community to benefit Ukraine. Every outdoor activity that runs for more than 45 minutes can be registered and adds on to the collection of kilometers that were run, biked, hiked, rode, climbed or ...
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News briefsLifestraw helps with safe water for Ukraine
Since the outbreak of the war, more than two million people have fled Ukraine, most of them women and children, and up to four million more are expected within a few more weeks. In Ukraine itself, the destruction of the war has severely affected drinking water supplies, among other things, ...
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News briefs
Karpos to donate €50,000 for Ukranian refugees
Karpos has announced it will donate €50,000 initially intended for the 2022 Help the Mountains program to the fundraising campaign of the Veneto Region for Ukrainian refugees. Help the Mountains is based on donating 1 percent of the brand’s annual turnover to a series of activities aimed at supporting the ...
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News briefsPatagonia doubles donations for emergency aid in Ukraine
Joining the group of brands and companies committed to helping those affected by the war in Ukraine, Patagonia has pledged to match all donations received through the Patagonia.worldcoo.com website. For every euro donated, Patagonia gives two. The brand has selected three fundraising campaigns for the cause: Polish Humatiarian Action, Fundacja ...
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News briefsInternational cross-industry job portal for refugees from Ukraine
Thousands of refugees from the war zone in Ukraine are currently forced to settle in new places and are looking for a way to earn a living. To help with this, www.jobaidukraine.com, an initiative for Ukrainian refugees, was launched by the German initiative “Händler helfen Händlern” (“retailers support retailers”) as ...
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ArticleOutdoor and sports industries create support initiatives for people affected by war in Ukraine
A wave of solidarity with both the refugees and the people of Ukraine is underway, and many practical initiatives have been launched in the last two weeks, many of which came from the players in our industry. The longer the war lasts, the clearer it becomes that only specific product ...
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News briefsSporting goods companies react to war in Ukraine
(Mach 2) As reported by the Portland Business Journal, Nike has temporarily halted sales through its Russian website and app, stating that the company “cannot guarantee delivery of goods to customers in Russia.” While the reference to possible delivery difficulties is not a direct position on the Russian invasion of ...
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ArticleStatement by EOG: A call to the outdoor industry to support Ukraine
Media statement by the European Outdoor Group The core purpose of the European Outdoor Group is to promote and lead on pre-competitive cooperation in the outdoor industry, with actions that are for the betterment of people and the planet. Underpinning all of this is a commitment to mutual respect and ...
