All Outdoor Industry Compass articles in Vol. 16, Issue 4 – Page 2
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ArticleTrove expands brand resale operations across North America, targets Europe
Trove, a leading, U.S.-based branded resale and trade-in company for brands and retailers including Canada Goose, Lululemon, Patagonia, REI, Levi’s, Arc’teryx, Carhartt and others, announced the expansion of five Trove Recommerce Powered Partner facilities across North America, including the U.S. and Canada, with expansion into Europe already in the planning ...
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News briefsCanada Goose expands resale program to Canada
Following the launch of its Generations resale program in the U.S. earlier this year, Canada Goose now announced that it is rolling out the program in Canada. Consumers can trade in their Canada Goose products through the Generations online portal. Once sent in, evaluated and authenticated, customers will receive a ...
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Short stops
Short Stops Week 31, 2023
EXECUTIVE CHANGES +++ The U.S. Cotton Trust Protocol, established in 2020 to define standards for sustainable cotton production in the U.S., has appointed Daren Abney, who was previously Head of Business Development for Lenzing’s U.S. markets and has also worked for the Better Cotton Initiative and Textile Exchange, as Executive ...
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News briefsNewell Brands drops annual guidance, outdoor & recreation Q2 results fall
Newell Brands, the Coleman and CampingGaz parent, reported a 22 percent decline in Outdoor & Recreation segment sales to $333 million from $427 million for the period ended June 30. A 20.9 percent drop in core sales and currency impact is included in the revenue total. Segment operating income slid ...
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ArticleBetter Cotton’s official feedback to EU Green Claims Directive proposal
Better Cotton has submitted official feedback to the EU on its proposal for a Directive on the Substantiation and Communication of Explicit Environmental Claims (Green Claims Directive). Whilst welcoming the proposal, Better Cotton has said that some sections would benefit from additional clarifications to facilitate its implementation and maximize the ...
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News briefsFinisterre launches wetsuit rentals
British-based surf and outdoor clothing brand Finisterre has launched a wetsuit rental program in the UK. In what is a global first, according to the B Corp brand, customers can now rent Yulex wetsuits via the Finisterre website. Yulex rubber is an alternative to neoprene. It is derived from the ...
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ArticleCompany raises full-year guidance as Hoka leads Deckers in Q1, Teva sales down 19%
Deckers Brands, intent on growing both its direct-to-consumer and international businesses in the months ahead, generated a 42 percent increase in Q1/24 net income to $63.6 million versus 44.8 million for the three months ended June 30. Operating income was 26 percent higher year-over-year at $70.7 million. Total net sales ...
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ArticleRepreve life cycle data confirms environmental benefits of recycled polyester
Unifi, a Greensboro, North Carolina-based manufacturer of recycled and synthetic yarns, has announced the results of an independent, peer-reviewed life cycle assessment (LCA) showing that recycled polyester from its Repreve brand reduces the potential for climate change compared to virgin polyester. Repreve has so far transformed more than 35 billion ...
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News briefsGarmin opens Firstbeat Analytics Lab in Finland
Garmin has announced the soft opening of the Firstbeat Analytics Lab in Jyväskylä, Finland. This is an innovative fitness lab and testing facility with custom fitness equipment, measurement systems and proprietary monitoring technology that will be used by Garmin physiologists and data scientists to develop even more innovative features for ...
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News briefsBig Agnes completes purchase of its Steamboat Springs headquarters
Big Agnes, the Colorado-based outdoor gear brand founded in 2001, recently announced that it has secured a long-term home for the company’s headquarters in downtown Steamboat Springs, Colorado. Located downtown at 840 Yampa Street, the building has housed both Big Agnes and the Steamboat Springs Fire Department for the past ...
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News briefsPolygiene sees market recovery by end of 2023
Polygiene Group, while admitting “the pace of the market recovery has taken longer than expected,” suggests current “market signals” point to a recovery by the end of the year. In Q2, the group reported a 46 percent drop in net sales to 25.4 million Swedish kroner (€2.3m) and an operating ...
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News briefsFox Factory releases Sustainability Report 2022 with targets for 2030
Stock-listed chassis and suspension expert Fox Factory Holding Corp. released its 2022 global sustainability report. It is not only highlighting today’s company’s strategy and achievements but also introducing the next stage of its sustainability journey by setting 2030 aspirations for positive impacts across its operations and communities. The US company’s ...
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ArticleVista Outdoor’s Q1 net dips by 54 percent; Outdoor Products spin-off slated for Q4
Vista Outdoor, which is proceeding with plans to spin off its Outdoor Products segment in Q4 of this calendar year, reported a 54 percent decline in Q1 net income to $58.1 million from $126.0 million for the period ended June 25. Ebit was down by 55 percent to $75.4 million ...
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ArticleRestructuring process for Swedemount Sportswear & Fashion AB approved
As the border between Norway and Sweden was closed during the pandemic and therefore, important stores along the Norwegian border were shuttered and severely affected, the Swedish company Swedemount Sportswear & Fashion AB suffered significant losses in sales. The Covid support the company received during this period exceeded the amount ...
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News briefsXero Shoes hires new Chief Product Officer
Source: Xero Shoes Michael Pao Following the retirement of Dennis Driscoll after a nearly 50-year career in the footwear industry, Xero Shoes has hired Michael Pao as its new Chief Product Officer, effective immediately. Pao joins Xero from Timberland, where he served as Vice President of Global ...
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News briefsThe North Face to expand its global flagship in London’s Regent Street
VF Corp. has signed a new lease to expand the global flagship of its The North Face brand at Walmar House, 288-300 Regent Street, in London’s West End. The current seven-floor space covers more than 5,200 square meters. The expanded retail footprint will increase by 33 percent, including added space ...
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ArticleBicycle slump leads to decline in sales and profits at Shimano
The current high (bicycle) inventory levels and decreasing demand are also being felt by market leader Shimano Inc. However, despite a double-digit drop in sales in its largest business unit, bicycle components, in the first half of 2023, the Japanese company remains calm. It’s counting on bicycles as a global ...
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ArticleThredUp publishes second annual impact report
US-based online resale platform ThredUp has published its second annual Impact Report. Through transparent reporting and disclosure, the report provides a comprehensive overview of ThredUp’s environmental, social and governance (ESG) profile. It outlines the company’s business and brand-focused ESG strategy and highlights the progress the company has made on ESG ...
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ArticleLast chance for Early Bird rates for EOS 2023
Delegate registration for the European Outdoor Summit (EOS), taking place on Sept. 28-29, 2023, at Festsaal Kreuzberg in Berlin, is open. The early bird rate is available until July 31, so now is the time to book your delegate spot at the event. This year’s EOS is themed “The New ...
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News briefsNew status moves Scarpa one step closer to B Corp. ambitions
Scarpa has achieved Benefit Company status – a legal status introduced in Italy in 2016 to identify those companies that, besides profit, pursue specific goals of common benefit, with the aim of generating value for people, the planet, businesses, and the productive realities of the country. Brands designated as a ...
