All Outdoor Industry Compass articles in Vol. 16, Issue 2 – Page 8
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News briefsYKK introduces new corporate logo and mantra
Japanese accessories specialist YKK has introduced its new corporate logo and brand motto. The company has gone through a restructuring of its business in April 2021, sharpening its focus on the fastening business, which includes zippers, snaps and buttons. According to the company, a website dedicated to the new corporate ...
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News briefsGRI kicks off working process on new reporting standard for the textile sector
The Global Reporting Initiative (GRI) has announced a new sector to be added to its existing standards: Textiles and Apparel. The new GRI Textiles and Apparel Standard sets out to apply to any organization with a primary focus on textile and apparel production and manufacturing, but also brands, retailers, and ...
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News briefsSBTi webinar provides info on FLAG target setting
The Forest, Land and Agriculture Guidance (FLAG) introduced by the Science Based Targets initiative (SBTi) at the end of 2022 (as reported in OIC) provides a standard method to set science-based targets that include land-based emission reductions and removals (relevant also for the production of wood-based cellulosic fibers). According to ...
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News briefsGlobetrotter campaigns for its greener choice-products
German retailer Globetrotter has declared March 2023 as the campaign month under the motto “Greener on the Road”. Besides consumer activations and information on the company’s sustainability efforts on-site and online (such as secondhand product and repair shops), Globetrotter celebrates the fifth anniversary of its in-house sustainability label “A Greener ...
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News briefsLatest major update of Higg Brand & Retail module released
Assessment tools and reporting standards are evolving quickly: At the same time that the Global Reporting Initiative announced the planned creation of a whole new sector for textiles and apparel, the Sustainable Apparel Coalition (SAC) has released a major update to its Higg Brand & Retail Module (BRM). With this ...
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ArticleCompass Diversified branded results impacted by PrimaLoft
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 81 percent to $2.79 million from $14.73 million in Q4, negatively impacted by operating losses at both PrimaLoft and Velocity Outdoor. ...
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News briefsUK bike sector faced turbulent year in 2022
The Bicycle Association, the U.K.’s trade association for the bicycle industry, has released the “Annual Market Data Report for 2022: Riding out the Storm,” which provides coverage of the U.K. cycling sector for the calendar year 2022. Sales of mechanical bikes fell 22 percent to an estimated 1.88 million units ...
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News briefsAngling Direct announces CEO and board changes
Andy Torrance, CEO of British fishing tackle and equipment retailer Angling Direct, is stepping down to take on the role of non-executive chairman. The board has appointed Steve Crowe, the current chief financial officer, as his successor. In addition, Martyn Page will relinquish his role as non-executive chairman and will ...
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ArticleSpanish bike-rental outfit has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
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ArticlePon.Bike celebrates groundbreaking in Lithuania
In early 2022, the Dutch mobility group Pon Holdings B.V. announced plans to invest in the construction of a new state-of-the-art bicycle and e-bike production facility in Lithuania. In September 2022, it was confirmed that, despite all the odds of our times, they were on schedule to open in 2024. ...
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News briefsLeva Group exclusive distributor for Tern Bicycles in Australia
The manufacturer of Tern Bicycles, Mobility Holdings, has partnered with Leva Pty Ltd. in Australia. The Melbourne-based company will be the exclusive “down-under” distributor for the Tern Bicycles urban e-mobility brand. From March 1, 2023, Australian IBDs can order Tern Bicycles through Leva Group. The Melbourne-based company will also handle ...
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News briefsSpinnova announces triple revenue in FY 2022, Woodspin factory in operation
In its full-year financial statement, the Finnish biomaterials company Spinnova reports significant growth in its staff as well as the company’s results. Full-year revenues grew to almost €24.3 million for 2022, which is an increase of more than 300 percent year on year. The company completed the construction of its ...
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News briefsMyClimate initiative for net zero travel on the growth path
With its eco-travel initiative “Cause We Care”, Swiss company MyClimate is offering various climate protection measures to tourists and companies like hotels and destinations. The project aims to minimize CO2 emissions related to travel and outdoor sports like skiing, biking or hiking at the local level, supporting climate protection locally. ...
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News briefsSimplon shareholders replace CEO and COO
Source: Simplon The new man at the helm: Industry newcomer and CEO Stephan Wabnegger The shareholders of Austrian custom bike builder Simplon Fahrrad GmbH have appointed industry newcomer Stephan Wabnegger to head the company with immediate effect. At the same time, Simplon CEO Stefan Vollbach and COO ...
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News briefsGlobetrotter creates lifecycle manager positions
Starting on March 1, German outdoor retailer Globetrotter is creating two new positions as product lifecycle managers. With their support, the company aims to expand existing initiatives, such as second-hand buying & selling and repair workshops, as well as develop new, innovative projects focused on extending the lifecycle of products. ...
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News briefsVibram partners with longtime collaborator
To bring some new production techniques “in house,” Vibram has signed a deal with Suolificio Negro, a Spanish specialist in soles and midsole-foam manufacturing for the outdoor and ski markets. According to a report in Diffusion Sport, the resulting products will be sold under the Vibram brand. The deal is ...
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News briefsNew report questions sponsor choices in winter sports
A new report by Badvertising has sought to draw attention to the sponsorship of winter sporting events by what it calls “high-carbon” companies, alongside documenting the effects of climate change on the winter sports sector. The report writers use the example of Sweden’s Vasaloppet – the world’s biggest and oldest ...
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ArticleNon-cash impairment charge drags Clarus to Q4 loss
Clarus Corp., whose management described 2022 as one of its most challenging years due to various macroeconomic headwinds, reported a net loss of $81.6 million against a profit of $14.0 million in Q4 ended Dec. 31. The result was impacted by a $92.3 million non-cash impairment charge. The fourth quarter ...
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News briefsFor better work: JAAF carries out training program for Sri Lanka industry stakeholders
A few months ago, Sri Lanka’s Joint Apparel Association Forum (JAAF) pledged to support the International Labour Organization’s (ILO) Better Work initiative for the country’s garment workers. Now the organization has carried out the first series of training workshops that are part of an ongoing program for the ministry of ...
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News briefsCake and FCA Bank sign pan-European financial partnership
Cake, the Swedish manufacturer of lightweight electric motorcycles, has entered into a financial partnership with Italy-based FCA Bank, which operates across Europe. The bank, with nearly a century of experience in car financing, leasing and mobility, will offer Cake’s customers financial solutions for all of its two-wheeled platforms. “Financing is ...
