All Outdoor Industry Compass articles in Vol. 16, Issue 2 – Page 12
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News briefsBetter Cotton Conference 2023 registration opens
Tickets for the coming Better Cotton Conference 2023, held in Amsterdam on June 21 and 22, can now be purchased for early-bird ticket prices (discounted only before March 15). The conference will be opened with a welcome reception on the evening of June 20 and hosted in a hybrid format ...
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News briefsAdidas Terrex opens pop-up in Chamonix
Adidas Terrex has inaugurated a store in Chamonix-Mont-Blanc, its first in France. According to Sport Guide, the pop-up store should remain in place for at least 12 months. Adidas said that the pop-up format made it easier for the brand to accelerate the opening. The company had initially planned to ...
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News briefsSalomon launches first shoe featuring SCF-made Elastollan
Source: BASF Elastollan® in midsole powered by SCF foaming technology Salomon is releasing the Index.02 running shoe with a midsole featuring Elastollan made with Supercritical Fluid (SCF) direct injection foaming technology. Elastollan is the brand name for BASF’s thermoplastic polyurethane (TPU). The Salomon Index.02 marks the ...
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News briefsNnormal launches No Trace recycling program
Nnormal, the outdoor brand specializing in trail running and hiking products, is launching the No Trace Program, an initiative to invite consumers to recycle shoes, clothing and sports accessories that they no longer use. The recycling initiative is being launched through a documentary. Consumers will be able to recycle worn-out ...
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News briefsLenzing and Södra partner with Riopele to advance circularity
Lenzing, the Austrian supplier of specialty fibers, has announced “the next major milestone” in its strategic partnership with Sweden’s pulp producer Södra to promote circularity in fashion. Together with Riopele, a Portuguese fabric manufacturer, the two companies are developing textiles made from recycled and sustainably produced materials for a spring/summer ...
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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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ArticleSporting goods industry supports earthquake relief measures in Turkey and Syria
9,210 apparel, footwear and textile manufacturers were located around the epicenter of the 7.8 and 7.7-magnitude earthquakes, which caused widespread damage across Turkey and northern Syria when they hit during the night of Feb. 6, 2023, according to the Business & Human Rights Resource Centre. Many retailers have already committed ...
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News briefsMicro-mobility expert Kõu Mobility Group acquires majority stake in Ampler Bikes
On Feb. 14, Kõu Mobility Group and Ampler Bikes announced they are joining forces to strengthen their position in the micro-mobility sector. Both Estonia-based companies signed an investment and share exchange agreement that makes Kõu the new 51 percent majority shareholder of Ampler. Ardo Kaurit will remain CEO of the ...
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News briefsNew additions to Pearl Izumi’s athlete team
Pearl Izumi, the Colorado-based cycling apparel and footwear brand, has announced its athlete squad for 2023. Whitney and Zack Allison have joined the athletic team, while current members Alexey Vermeulen, Hannah Shell, Jake Magee, Brooke Goudy, Mark Mathews and Marley Blonsky were re-signed. Whitney and Zack Allison are best known ...
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News briefsNew head of brand at Suunto
Nicolas Holtzmeyer, new head of brand for Suunto Nicolas Holtzmeyer was appointed head of brand of Suunto on Dec. 1, 2022, moving to the company’s headquarters in Vantaa, Finland. In his new role, he is responsible for Suunto’s global brand presence. His focus will be on building ...
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ArticleUpdated PFAS restrictions list published by ECHA
On its website, the European Chemicals Agency (ECHA) published updates on current restrictions on the production, sale and use of more than 10,000 per- and poly-fluoroalkyl substances (PFAS) proposed by Danish, German, Swedish, Dutch and Norwegian authorities last month. Taken together, the agencies estimate that an additional 4.4 million metric ...
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News briefsKMD reports H1 sales on improving trends
KMD Brands Limited – the New Zealand-based global outdoor, lifestyle and sports company that includes the Kathmandu, Rip Curl and Oboz brands – citing continued sales momentum in Q2, reported record H1 group sales of NZ$546 million (€322.6m) for the six months ended Jan. 31. According to the company’s preliminary ...
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News briefsPolartec’s owner announces new leadership structure
Milliken & Company has promoted Ramesh Kesh and Eric Yung, two long-time employees, to new roles and responsibilities. In addition to his position as senior vice president of Milliken & Company, Kesh will now also oversee all Polartec business units, as well as the government and defense business units. Kesh ...
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News briefsMajor Craft opens a distribution hub in Spain
Major Craft, a Japanese fishing tackle supplier with headquarters in Osaka, has opened an office and warehouse in Madrid. The new distribution hub is part of the company’s plan to increase its sales presence in Europe and better serve that market. The company has also announced plans to develop rods, ...
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News briefsNew CFO and COO at Rocky Brands
Rocky Brands, mother of Durango and Georgia brands among others, has hired Sarah O’Connor as senior vice president, chief financial officer, and treasurer. O’Connor will officially join the company in mid-March. At that time Tom Robertson, who has served as Rocky Brands chief financial officer and treasurer since March 2017, ...
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ArticleSRAM Group commits to building a new plant
Source: SRAM Group According to the plan, the new modern SRAM Group production facility in Taichung should start in 2024. For more than three decades, US component supplier SRAM Group has relied on Taiwan for its production. After all, the island nation committed itself many years ago ...
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ArticleNew OIA study: How to save money and reduce emissions
Five members of the U.S. Outdoor Industry Association’s (OIA) climate action corps have now released the results of a jointly commissioned study on the feasibility of electrifying the textile and apparel industry. Burton, New Balance, Patagonia, REI Co-op and W.L. Gore’s fabrics division partnered with the OIA for the study, ...
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News briefsMammut enters partnership with CO2 storage company
Mammut has signed a “Carbon Dioxide Removal (CDR)” agreement with the Swiss company Climeworks, to remove part of its CO2 emissions directly from the atmosphere using “Direct Air Capture” technology. Mammut has pledged to be net-zero by 2050 and is Climeworks’ first customer from the outdoor industry. Signing this agreement ...
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ArticleBicycle market slowdown brings Mips’ otherwise good fiscal year 2022 results down
In the fourth quarter of the 2022 fiscal year alone, Swedish “Brain Protection System” innovator Mips AB had to digest a 46 percent sales drop compared to the last three months of the previous year, down to SEK 107 million (€9.60 million – adjusted for currency effects, minus 53 percent).
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News briefsLeadership change at Newell Brands
In light of the upcoming retirement of current Newell Brands CEO and board member Ravi Saligram, the company has announced the appointment of Chris Peterson as president and CEO, effective May 16, 2023. At the company’s 2023 annual meeting of stockholders on that date, the board also plans to nominate ...
