All Outdoor Industry Compass articles in Vol. 16, Issue 1
View all stories from this issue.
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ArticleCanada Goose aims to have up to 150 stores and $3 billion in sales by 2028
After reporting slightly weaker third-quarter numbers earlier this month, Canada Goose, founded in 1957 in a small warehouse in Toronto, Canada, announced not only its five-year financial goals but also an update on its strategic priorities at its Investor Day on Feb. 7, 2023, at the company headquarters. “Today, Canada ...
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ArticleCanada Goose lowers outlook for FY23
Canada Goose, citing slowing momentum in the North American market and worse than anticipated pandemic-related disruptions in China, has dropped its annual revenue guidance by 2 to 8 percent to a range of C$1.175 to C$1.195 billion (€807m to €820m) from a prior outlook of C$1.2 to C$1.3 billion. The ...
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News briefsModern Meadow and Singtex partner on new sustainable materials for outdoor wear
Biotech firm Modern Meadow and Singtex, a global supplier of functional textiles, will co-develop innovative biomaterials, starting with a sustainably produced, high-performance, waterproof membrane-based material for outdoor apparel. The bio-derived membrane-based material, free of solvents and per- or poly-fluorinated alkyl substances (PFAS), is engineered to bring the outdoor industry a ...
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News briefsGathr Outdoors launches cross-brand loyalty program in the U.S.
Tennessee-based Gathr Outdoors, a portfolio company of Centre Partners that owns the Orca, GCI Outdoor and Klymit brands, amongst others, announced a new cross-brand, multi-tier loyalty program called Gathr Rewards, designed to reward customers with points redeemable for dollars towards future purchases. The program will initially encompass Orca, GCI Outdoor, ...
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News briefsBicycle Association and Novuna partner to make bike purchases more affordable
The U.K.’s trade association for the bicycle industry, the Bicycle Association (BA), has entered into a new partnership with Novuna Consumer Finance, one of the U.K.’s leading retail finance providers. The partnership will enable all BA members and the more than 1,000 U.K. bicycle retailers participating in its Investors in ...
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News briefsDeuter achieves Fair Wear Leader status again
German brand Deuter has confirmed its leader status with the multi-stakeholder initiative Fair Wear Foundation for the tenth time in a row, reaching 94 of the maximum of 100 points possible. The yearly check-up validates the implementation of fair working conditions in a company’s supply chain. Besides the measures taken ...
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News briefsJack Wolfskin launches social report 2021
Jack Wolfskin has summarized its CSR efforts and achievements for fiscal 2021 in a new social report that has just been published. The company notes the challenges of the Covid-19 pandemic, which forced it to develop new methods for effective collaboration with its 49 suppliers without being able to visit ...
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News briefsNew CEO for bike components manufacturer BC
Source: Bike-Components Dominic Land Dominic Land is the new CEO in charge of Bike-Components, the German online retailer of bicycles and bicycle parts, since Jan. 1. He has taken over from Philipp Simon. The succession of Simon has been in the works for some time in close ...
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News briefsE-com start-up Velio offers refurbished bikes and e-bikes, expands into Austria
In its online shop for refurbished bikes and e-bikes, German start-up Velio wants to offer a higher quality alternative to private used gear marketplaces. Velio sells secondhand bikes and e-bikes that are overhauled at the company’s workshop in Cologne. All bikes come with a 12-month guarantee and can also be ...
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News briefsAustrian ARGE Outdoor officially launched
As previously announced, the association of sporting goods manufacturers and sports equipment suppliers of Austria (VSSÖ) has founded the industry interest group ARGE Outdoor with 16 members and 20 brands on Jan. 17, 2023. Founding members are Arva, Deuter, Dynafit, Fizan, Fritschi, Intersport, La Sportiva, Leki, Löffler, Lowa, Mammut, Martini, ...
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News briefsRab supports educational initiative Xhow
Rab has entered a new partnership with the project Xhow, an educational initiative founded by mountain guides in 2006 that is active mainly in the Alps region. The project offers free training for skiers, bikers and climbers under the titles snowhow, climbhow and bikehow for children and teenagers as well ...
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News briefsPolygiene Group acquires former distributor Biomaster US
As part of its U.S. expansion strategy, the Swedish Polygiene Group has acquired Biomaster US LLC, former distributor and customer of its subsidiary Addmaster Ltd. This acquisition gives the company a foothold in the U.S. and Central and South America, while BioMaster US CEO Charlie Matthews becomes part of the ...
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News briefsAcai Outdoorwear secures £3 million investment
Womenswear brand Acai Outdoorwear has secured a £3 million (€3.4 million) investment from Growth Partner, a consumer-focused investment firm that is backed by HomeServe founder and chief executive Richard Harpin. Acai’s investors since October 2019, DSW Ventures, will be exiting as part of the deal. In addition, James Worrall, investment ...
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News briefsEcovative acquires Netherlands-based Lambert Spawn Europa
New York-based mycelium technology company Ecovative has acquired Lambert Spawn Europa B.V., a mushroom spawn production facility in the Netherlands, from a subsidiary of Pennsylvania-based Lambert Spawn Co. Ecovative works with partners throughout the textiles, food and packaging industries. The acquisition allows Ecovative to integrate a major source of ...
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News briefsSAC gives an update on the Higg Index reviewing process
In a blog post published on the Sustainable Apparel Coalition’s (SAC) website, Jeremy Lardeau, the VP of the coalition, gives an overview of the process of the Higg Index review that is planned for this year. With the last review being made in 2017, the SAC is now working with ...
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News briefsAmerican Fishing Tackle Company (AFTCO) enters Japanese market
Fishing clothing specialist American Fishing Tackle Company (AFTCO) has announced a distribution deal in Japan. Sunline, the Japanese fishing line maker that has been appointed as its distribution partner, will manage the sales and marketing of AFTCO products in the country. AFTCO, founded in 1958 and headquartered in Santa Ana, ...
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News briefsThird generation of the founding family taking the helm at Merida
Source: Merida With Vansen Tseng, the third generation of the founding Tseng family takes the helm at Merida. On Jan. 13, Taiwan’s second-largest bicycle and e-bike manufacturer Merida announced that Vansen Tseng will assume the position of president, effective Feb. 1, 2023, following approval by the board ...
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News briefsNew GM at Ideal Bike Corporation
Following the resignation of Tim Lin as general manager of Ideal Bike Corporation, Taiwan’s third-largest bicycle and e-bike manufacturer, on Dec. 31, the company will now be led by Frank Chen, the former vice president of Ideal China. According to the company’s chairman Hermes Chang, Chen has already demonstrated his ...
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Short stops
Short Stops Week 3, 2023
PRODUCT & MARKETING +++ Swedish DTC brand RevolutionRace is entering into a partnership with the former German national team captain and Bayern Munich football player Philipp Lahm as brand ambassador +++ Norrøna has expanded its ambassador team for 2023 with U.S. backcountry skiers Owen Leeper and Darcy Conover, Norwegian snowboarder ...
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ArticleGreenwashing: The tide and the law are turning
When does an environmental claim become greenwashing? We outline the current legal position on using environmental claims to market products
