All Outdoor Industry Compass articles in Vol. 16, Issue 2 – Page 3
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News briefsSigna Sports United plans to return to profitability in fiscal 2024
The sports e-commerce company Signa Sports United (SSU) is undergoing a strategic realignment assessment to generate long-term shareholder value that it intends to reveal at the end of Q2 but is projecting an ongoing challenging environment through the remainder of the FY due to inflationary pressures impacting both consumer sentiment ...
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ArticleNew Eurobike workshops on the subject of managing succession in retail
Since the average age of bicycle retailers is constantly rising and many shop owners do not know who will be able to take over the business in the future and what to look out for in the process, Eurobike (June 21 to 25 in Frankfurt) is offering the new formats ...
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News briefsStolen Goat parent company launches public crowdfunding campaign
Herd Group Holdings has gone publicly live with a crowdfunding campaign on Seedrs. U.K.-based Herd Group, headquartered in Hook, Hampshire, is the parent company to apparel brand Stolen Goat, bikepacking brand Wildcat and the women’s cycling clothing brand VeloVixen, which Herd Group acquired in February following the brand’s entry into ...
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News briefsWolverine Worldwide with new chairman and directors
Tom Long, the lead independent director for Wolverine Worldwide and former CEO of MillerCoors, LLC, will become chairman of Wolverine on May 4 following the retirement of Blake Krueger, chairman and retired CEO. Meanwhile, earlier this week, the parent of the Merrell and Saucony brands, among others, named three ...
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News briefsCircular Systems joins forces with FibreTrace for traceability of recycled cotton
Textile innovation company Circular Systems joined forces with technology provider FibreTrace to implement physical traceability technology into its Texloop RCOT recycled cotton on a global scale. Texloop is a textile recycling platform (launched in 2018 by Circular Systems) that converts textile waste from industrial, pre- and post-consumer cotton into the ...
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News briefsNilit earns ISCC+ certification for its Sensil ByNature Nylon 6.6
The Sensil ByNature Nylon 6.6 fiber, a product of Israeli fiber manufacturer Nilit, has been certified by the International Sustainability and Carbon Certification Plus system (ISCC+), which verifies the origin of renewable raw materials in Sensil ByNature fibers. The multi-stakeholder initiative ISSC+ runs a sustainability certification system covering all feedstocks, ...
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News briefsSustainable Brand Index: Naturkompaniet and Fjällräven voted Sweden’s best
Naturkompaniet was again ranked as Sweden’s most sustainable brand in the category “Clothes & Fashion Stores” in Sweden’s largest independent study focusing on sustainability, the Sustainable Brand Index (SBI). This year’s first place makes Naturkompaniet top the list for the fifth year in a row. Stadium followed ...
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News briefsHyosung joins the Ocean Network platform
Fiber manufacturer Hyosung has joined the Ocean Network platform, coordinated by U.K.-based marine conservation charity, Surfers Against Sewage (SAS). The Ocean Network is a national movement with over 300 businesses supporting environmental solutions. Members are committed to clean seas and coastlines within their communities, for example fighting plastic pollution, pushing ...
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News briefsChemical company Erca adds new business unit for circular textile solutions
Italian chemical specialist Erca, who runs six plants in Europe, Latin America and Asia, will launch a new sub-company for circular chemical solutions, especially for the textile industry. The new business unit named Erca TCS (Textile Chemical Solutions) aims to provide products and services designed specifically for the textile industry, ...
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News briefsGregory’s sales growth slows in FY22
Gregory Mountain Products sales grew 3.4 percent last year, from $59.4 million to $61.4 million, due to the strong dollar and a difficult comparison to last year’s double-digit recovery following the Covid crisis. However, it would have increased by 13 percent at constant exchange rates. Parent company Samsonite International’s luggage ...
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ArticleGerman e-tailer Bergfreunde continues on record path in 2022
German e-commerce retailer for mountain sports, climbing and outdoor, Bergfreunde GmbH, has achieved record sales of €242 million in its 2022 fiscal year. Compared to the previous year, this is an increase of 19 percent. With this result, the online specialty retailer was able to stand its ground in a ...
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News briefsTextile Exchange publishes Material Change Index Results
More than 400 companies (Textile Exchange members as well as third-party companies) have participated in the Textile Exchange Material Change Index campaign. The results of the survey have now been published online, reporting the companies’ progress made toward systematically measuring, managing and integrating a preferred fiber and materials strategy into ...
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News briefsCanyon expands leadership team with financial expert
Source: Canyon Bicycles Karim Bohn German DTC company Canyon Bicycles GmbH has appointed industry newcomer Karim Bohn as its new chief financial officer. As a member of the executive leadership team, he will be responsible for the financial management of Canyon as well as all Canyon-owned companies ...
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ArticleCake enters China, collaborates with Shanghai manufacturer for 150,000 units
Cake, the Swedish manufacturer of premium lightweight electric motorcycles, has announced a major partnership with Shanghai-based bicycle manufacturer and retailer Shanghai Forever. The goal is to produce and sell 150,000 units in China over the next four years. Shanghai Forever was established in 1940 as one of the earliest bicycle ...
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ArticleRiese & Müller presents third responsibility report
Source: Riese & Müller ”On the Move” is the title of the third responsibility report of the German e-bike and cargobike manufacturer Riese & Müller GmbH. The report documents not only the company’s path to becoming the most sustainable company in the e-bike industry but also its ...
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News briefs“Mr. Trickstuff” hands over the reins to management team
Trickstuff owner and CEO Klaus Liedler has placed his duties as CEO in new hands, effective Feb. 28, 2023. A leadership team comprising Natalie Jerkovic, Lukas Mayer, Dennis Michaliszyn, Santé Pelot and Patrick Seifarth will be supported by Marcel Ratering as managing director and a project team from parent company ...
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News briefsAustria expands support initiative for climate-friendly mobility to folding bikes
The Austrian government is accelerating its offensive to promote more environmentally friendly mobility. Together with local sports retailers, the Austrian ministry of transport (BMK) has already sponsored the purchase of around 12,000 bicycles in Austria in 2022 (including more than 3,000 transport bikes with and without electric drive). For 2023, ...
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News briefsNaturkompaniet supports Keep Norway Clean
Outdoor retail chain Naturkompaniet is partnering with Hold Norge Rent (”Keep Norway Clean”), a non-profit organization that works to combat littering. The retailer is donating a portion of its revenue and inviting people to participate in clean-up events in six Norwegian cities on March 18 and April 1. “Since its ...
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News briefsMAAP announces team hires across marketing and design
MAAP, the Melbourne-based cycling apparel specialist, has announced Ian Elliott as its new chief marketing officer. Elliott joins the company from Strava, where he served as senior director of global brand marketing and social impact. Prior to that, he held senior positions at Quiksilver and Bellroy. He also previously worked ...
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ArticleNew record sales in 2022 for Haglöfs
Despite a challenging market, Swedish outdoor supplier Haglöfs saw sales increase 11 percent – an all-time high, driven by new products such as the new L.I.M Series Z|T collection – and profitability increased 25 percent in 2022. CEO Fredrik Ohlsson predicts that the structural trend for the outdoor industry ...
