All Outdoor Industry Compass articles in Vol. 16, Issue 6 – Page 12

  • hanson-lu-Q36BvLGdOAg-unsplash
    News briefs

    China aims to build €385bn outdoor sports industry by 2025

    31 October 2023

    According to the government news agency Xinhua, China aims to develop outdoor sports into an industry worth 3 trillion yuan renminbi (€386 billion) by 2025, according to a government action plan released last week. The action plan, which covers the period from 2023 to 2025, aims to boost the construction ...

  • Ultra Trail Whistler by UTMB
    News briefs

    UTMB confirms first Canadian Ultra Trail event

    31 October 2023

    The UTMB World Series has confirmed that the alpine playground of Whistler and the surrounding Sea-to-Sky corridor in British Columbia will host a new event, the Ultra Trail Whistler by UTMB on Sept. 28-29, 2024. It will be the first Canadian event and the eighth in North America. Whistler Blackcomb ...

  • textile-exchange-logo
    News briefs

    Textile Exchange partners with Google for new sourcing decision tool

    30 October 2023

    Materials standards body Textile Exchange held its annual conference from Oct. 23-27 at the O2 InterContinental in Greenwich, London. The event was also the setting for the release of Textile Exchange’s latest tool, powered by Google and in collaboration with the WWF: The Materials Impact Explorer. This new tool allows ...

  • Short stops

    Short Stops Week 44, 2023

    29 October 2023

    RETAIL & DISTRIBUTION +++ U.S.-based lure maker Z-Man will soon expand into five new markets across the globe, including Germany, France, Sweden, Mexico and South Africa, Angling International has revealed +++ Authentic Brands Group’s Japanese partner, Itochu, is working with Mizujin, a fashion wholesale and retail company, to reportedly open ...

  • signa-spouni-logo-cmy-color-pos-1-1
    News briefs

    SSU files for insolvency

    28 October 2023

    Sports e-commerce company Signa Sports United (SSU), controlled by Austrian investor René Benko’s Signa Holding, has filed for insolvency. The Bielefeld District Court, where the application was filed, appointed Munich-based lawyer Christian Gerloff as insolvency administrator. The German business newspaper Handelsblatt was the first to report the insolvency filing, which ...

  • Newell_Brands_logo
    News briefs

    Newell Brands reports quarterly loss for Outdoor & Rec business

    28 October 2023

    The third quarter operating loss in Newell Brands’ Outdoor & Recreation segment, which includes Coleman and CampingGaz, was $42 million against a profit of $6 million for the three months ended Sept. 30. The results include a non-cash impairment charge of $22 million. The normalized operating loss was $7 million ...

  • Deckers
    Article

    Deckers raises full-year guidance again on continued strength of Hoka, plans to divest Sanuk

    28 October 2023

    Bolstered by sales contribution from its Ugg brand and continued momentum in its Hoka business, Deckers Brands generated a 76 percent increase in Q2 operating income to $224.6 million on nearly 25 percent total net sales growth to $1.09 billion for the three months ended Sept. 30. Net income was ...

  • thule_group_logo_black
    Article

    Thule gets Q3 boost from bike-related sales in Europe

    28 October 2023

    Sales increased by 8.0 percent to 2,311 million Swedish kroner (€196.0m) for the three months ended Sep. 30 but were up only 0.8 percent on a constant-currency basis. Operating income rose by 86 percent year-over-year to SEK 359 million (€30.4m) as the company’s new CEO and President Mattias Ankarberg took ...

  • Winter Business Days log0 24
    News briefs

    A second edition for Winter Business Days and the new Skimofestival

    28 October 2023

    Italian media group MagNet, formerly known as Sport Press, has announced the second edition of the B2B show Winter Business Days, scheduled to take place on Jan. 28-30, 2024. The event will be held again in Ponte di Legno – Tonale, a popular ski area and hiking destination between Italy’s ...

  • 2023_10_12_ Air Glaciers Lauterbrunnen Placement_Banner
    Article

    All of Switzerland covered by Recco SAR helicopter detector system

    27 October 2023

    Recco reports that four SAR helicopter detectors are now in operation throughout Switzerland at sites in Zermatt, Sion, Samedan and Lauterbrunnen. The last two detectors were put into operation earlier this year. The Recco SAR helicopter detector in Samedan is operated by HeliBernina, while the one in Lauterbrunnen is operated ...

  • Globetrotter-Store_Foto
    News briefs

    Globetrotter partners with German bicycle retailer

    27 October 2023

    Two German branches of the outdoor retailer Globetrotter are to cooperate with German omni-channel bicycle retailer B.O.C. From spring 2024, the Globetrotter branches in Stuttgart and Dresden will include sales areas with products from B.O.C.’s range. In Stuttgart, B.O.C. will move into the basement of Globetrotter, while in Dresden, B.O.C. ...

  • Columbia Sportswear Company
    Article

    Columbia lowers FY23 outlook, braces for challenging Spring ’24

    27 October 2023

    Columbia Sportswear, despite making strides in its ongoing inventory reduction program and improving its quarterly gross margin by 70 basis points to 48.7 percent, reported a 7 percent decline in Q3 net income to $103.5 million from $111.8 million for the period ended Sep. 30. Period operating income was also ...

  • polygiene_logo_general_formindfulliving_horisontal_rgb_pos_670869
    News briefs

    Polygiene with operating loss in Q3 due to lower sales

    26 October 2023

    Despite a 30 percent decline in third-quarter revenues to 28.7 million Swedish kroner (€2.4m) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about Q4 results as early orders have exceeded expectations. The group, which said Q3 results showed signs of a slow recovery, has shifted its ...

  • ortlieb_care_bag_
    News briefs

    Ortlieb has a new solution for reducing waste

    26 October 2023

    To reduce off-cut waste, German company Ortlieb is now expanding what it has called a successful pilot project. Its Care-Bags – unique shoulder bags made from outdoor or cycling bags with errors in the production process that would otherwise have been discarded – are now available from the brand’s website ...

  • Mips
    Article

    Mips: Gloomy year due to high inventory levels

    26 October 2023

    Both weak demand and high inventory levels in the bicycle helmet category, which is also served by helmet safety technology provider Mips AB, led to another whopping 31.9 percent drop in sales in Q3 of FY23 compared to the same quarter in 2022. However, the situation gradually improved during the ...

  • Solo
    News briefs

    Solo Brands announces CFO change

    26 October 2023

    Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced that Somer Webb, Chief Financial Officer, has notified the company of her intent to pursue other opportunities. Webb will remain with the company until Dec. 10, 2023. She started her position at ...

  • BIKE24 LOGO
    News briefs

    Bike24 again revises 2023 revenue forecast

    26 October 2023

    Based on preliminary calculations for the third quarter of 2023, the Management Board of listed e-commerce bicycle retailer Bike24 Holding AG decided on Oct. 25 to adjust the forecast for the company’s revenue development in fiscal year 2023, or more precisely: to correct it downward. The company’s already revised forecast ...

  • EOG Carbon Reduction Project
    Article

    EOG project is targeting half a billion kilograms of CO2 emissions

    26 October 2023

    The European Outdoor Group (EOG) has published an update on its long-term Carbon Reduction Project. Working with the Apparel Impact Institute (AII) and ten EOG members, the project team completed an audit of 16 manufacturing facilities and established that their combined CO2 emissions totaled almost half a billion kilograms in ...

  • Carbios_Logo
    News briefs

    Carbios strengthens its leadership team

    26 October 2023

    Source: Carbios Bénédicte Garbil French biotech firm Carbios has announced the appointment of Bénédicte Garbil as Senior Vice President of Corporate Affairs and Sustainability. She also joins the group’s executive committee. Garbil began her career as a public affairs advisor at the French Federation of Healthcare Industries ...

  • Angling Direct
    News briefs

    Angling Direct announces half year sales and profit growth

    26 October 2023

    UK-based fishing tackle retailer Angling Direct has announced total group sales of £43.3 million (€49.6m) for the first six months ended July 31, representing an 11.4 percent increase. Like-for-like store sales increased by 4.9 percent. Domestic retail stores were £24.4 million (€28.0m), up 11.3 percent. Online sales rose by 8.3 ...