All Outdoor Industry Compass articles in Vol. 16, Issue 4 – Page 8
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News briefsAmerican Outdoor Brands shrinks Q4 loss despite lower sales
American Outdoor Brands reported an operating loss of $4.0 million against a loss of $70.8 million in Q4 ended April 30. Period revenues declined by 8.0 percent to $42.2 million from $45.9 million, but gross margin improved by 130 basis points to 45.2 percent from 43.9 percent. Outdoor lifestyle sales ...
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ArticleSwedish study warns of PFAS risk in traditional summer diet
The movement to ban the use of PFAS is growing. Now a new study by a Swedish environmental group has revealed the extent of the presence of these “forever chemicals” in food.
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News briefsLa Sportiva acquires Italian shoe upper supplier
Outdoor footwear specialist La Sportiva has acquired a majority stake in Meet Italia, an Italian shoe upper producer and one of Sportiva’s suppliers for more than 20 years. Founded in 1985 by the Morellato family, Meet Italia is based in the outdoor industry cluster of Montebelluna in the Veneto region. ...
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ArticleSuccessful fundraising campaign by EOCA during Earth Day and OutDoor by ISPO
To mark both Earth Day 2023 and the annual fundraiser held on the association’s stand during OutDoor by ISPO, a large number of its members used the opportunities to show their support for the European Outdoor Conservation Association (EOCA) and nature conservation by raising additional funds. Earth Day has ...
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ArticleSecond Eurobike in Frankfurt meets expectations
The second Eurobike since its move from Friedrichshafen to Frankfurt boasted a top mark of more than 1,900 exhibiting companies, plus 34,750 trade visitors and 31,840 consumers over the weekend (2022: 33,780 Business Days and 27,370 Festival Days). Not least because of these figures, the 31st edition of the show ...
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News briefsNew TMC report on fiber fragmentation of recycled polyester to be presented July 3
The Microfiber Consortium (TMC) is hosting an online event on July 3 to launch a new research report that examines whether fabrics made from recycled polyester shed more or less fiber than fabrics made from new polyester. If you’ve ever wondered whether recycled polyester fabrics shed more or less fiber ...
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News briefsLuhta's parent's sales increase 25% in 2022
Luhta Sportswear Company, the parent of the Luhta, Icepeak, Rukka and Dachstein brands, reported a €10.3 million profit in 2022, up from €2.35 million a year earlier, as total revenues increased by 25 percent to €245 million from $196 million. During the year, the Finnish group returned to a normal ...
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News briefsMaterial Exchange creates global “Deadstock Depot”
Material Exchange, a digital sourcing platform with its head office in Stockholm, has launched a “Deadstock Depot” service to reduce the amount of excess materials that goes to landfill or incineration. Fabrics that deteriorate in warehouses will now be available globally for brands to use. Material Exchange will market ...
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ArticleData, legislation and climate crisis in focus at Better Cotton conference
Better Cotton, the world’s largest cotton sustainability initiative, concluded its annual conference, held June 21-22 in Amsterdam. The event, held both in-person and online, was attended by more than 350 industry stakeholders from 38 countries around the world who addressed four key themes: climate action, sustainable livelihoods, data & traceability ...
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News briefsNew board members at U.K.’s Angling Trades Association
Five new members are joining the board of the Angling Trades Association (ATA), the voice of the British tackle industry: Daryl Hodges, head of marketing at Dynamite Baits; Ian Latham, managing director of Shimano U.K.; Martin Green, commercial sales manager at Daiwa U.K.; Ifor Jones, head of the Stillwater Fishing ...
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News briefsITMA welcomed more than 111,000 visitors this year
The latest edition of ITMA, the quadrennial textile machinery trade event, which was held at Fiera Milano Rho on June 8-14, welcomed more than 111,000 visitors from 143 countries, the organizers have reported. Most visitors were from the host country, Italy (29 percent), followed by Germany, Turkey and India (6 ...
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Short stops
Short Stops Week 26, 2023
CSR & SUSTAINABILITY +++ World Athletics has chosen Canfranc-Pirineos, Spain, for the third edition of the World Mountain and Trail Running Championships (WMTRC), scheduled for Sept. 25-28, 2025 +++ Circulose production at the Renewcell 1 plant in Ortviken, Sweden has been certified Recycled Claim Standard (RCS) version 2.0, effective June ...
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ArticleEcco sales up 30% in 2022, but earnings lower than before Covid
In 2022, Ecco’s revenues rose by 30 percent to €1,586 million from €1,218 million a year earlier and exceeded a pre-Covid-19 turnover of €1,360 million posted in 2019. Comparable sales were up by 18 percent. In January 2022, the Danish footwear and leather group acquired a controlling interest in Ecco ...
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News briefsSemapa acquires bicycle aluminum frame builder Triangle’s
Portuguese aluminum frame builder Triangle’s Cycling Equipments has been acquired by domestic conglomerate Sociedade de Investimento e Gestão (Semapa). The full acquisition was made by Aphelion, a wholly-owned subsidiary of the publicly traded conglomerate. Semapa has so far made a name for itself mainly with holdings in the cement, pulp ...
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ArticleRebike Mobility with strong growth in the 1st half of 2023
The bicycle and e-bike market is facing a fundamental change. The ongoing professionalization of the used market, availability of young used bikes from the popular service bike leasing contracts as well as the longevity of premium e-bikes are positively boosting the second-hand market and promoting circular business models. This is ...
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News briefsWinners of the Eurobike Awards 2023
This year’s Eurobike Awards 2023 honored 45 products and projects in nine categories. The highest award, “Gold,” was presented nine times. The focus was particularly on innovations designed to make cycling easier and safer. A large number of significant improvements to existing components testify to the existing desire among consumers ...
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OpinionTrade shows: “Sometimes the value cannot be beaten”
After OTS in the UK, Charles Ross still sees value in trade shows. The best bring leadership, collaboration and are moving with the Industry.
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News briefsHunter insolvent, new Wellies expected under Authentic
Scottish company Hunter Boots, known for its original Wellington boot, went into administration in the UK on June 5 and changed its name to HBL Realisations Limited on June 14. U.S.-based Authentic Brands Group announced June 2 that it had acquired Hunter’s intellectual property. Documents filed by the company’s administrator, ...
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ArticleStart of Eurobike 2023: Global bicycle industry remains optimistic
After moving from one high to the next during and right after the pandemic, the bicycle industry recently returned to a more normal pace. But at the opening of Eurobike 2023, the bicycle industry – represented by international experts at the official business press conference – is highly optimistic in ...
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News briefsNNormal celebrates its first year with a new film
Outdoor equipment manufacturer NNormal, which specializes in trail running and hiking, is celebrating its first anniversary with the launch of a film featuring athlete and brand co-founder Kilian Jornet. “Sketching the Future” follows the 2022 trail-running season in which Kilian Jornet took part in four iconic international races, winning three, ...
