All Outdoor Industry Compass articles in Vol. 16, Issue 6 – Page 13

  • gruener-knopf-Logo
    Article

    Deuter receives “Green Button 2.0” certification

    26 October 2023

    Among other measures, backpack and sleeping bag expert Deuter from Germany has been effectively and sustainably implementing the environmental and social standards of the “Grüner Knopf” (Green Button) directly and along the value chains since 2021 as part of its responsible business practices. Now, the company has gone through another ...

  • VF_Logo_Vert_FullColor_NoReg_CMYK-medium
    News briefs

    Another activist investor targeting VF Corp

    26 October 2023

    Only one week after Engaged Capital set its sights on VF Corp., a second activist investor, Los Angeles-based Legion Partners, has acquired an undisclosed stake in the company and wants it to divest brands such as Timberland, Bloomberg reported, citing sources familiar with the matter. VF just named former Nike ...

  • EOCA_ConservationFundraiser_GreenBlock
    News briefs

    EOCA kicks off Green Friday campaign

    25 October 2023

    The European Outdoor Conservation Association (EOCA) is once again inviting companies in the outdoor industry to take part in the antidote to Black Friday, Green Friday, and raise money to help fund EOCA projects. Green Friday is Nov. 24 this year. Instead of discounting products and encouraging impulse purchases that ...

  • Shimano_logo.svgz
    Article

    Shimano cites weak demand as nine-month results slip

    25 October 2023

    Numerous global factors, including a “lackluster economy” in Europe and a ”sluggish” recovery in China, Shimano reported a 19.8 percent decline in total sales to ¥375.27 billion (€2.36bn) for the first quarters of fiscal 2023. Operating profit fell by 43.0 percent to ¥72.09 billion (€453.0m) from ¥126.58 billion for the ...

  • bosch-ebike_coalition_for_cyclist_safety_press_photo_1
    Article

    Coalition for Cyclist Safety aims to improve safety of bike and eBike riders in North America

    25 October 2023

    19 companies from the automotive, bicycle and technology sectors have joined forces to drive the development and implementation of connected mobility solutions. With their help, they want to help reduce the risks for bicycle and eBike riders on North American roads. Founding members of the Coalition for Cyclist Safety are: ...

  • Odlo x Burton
    News briefs

    Odlo x Burton release first snowboarder-specific baselayer

    25 October 2023

    Odlo has joined forces with Burton to create the first snowboard-specific base layer in the Swiss base layer brand’s history. The Odlo x Burton Slokar Performance Wool 200 base layer is a seamless, technical performance base layer comprising of a crew neck long sleeve top and matching 7/8th length ...

  • pps4-1000
    News briefs

    New bike saddle from Huan targeting a more comfortable ride

    25 October 2023

    Source: Huan PPS4 bike saddle The South Korean bicycle saddle brand Huan has developed two new types of its Huan PPS prostate protection saddles to make riding safer and more comfortable. The Huan PPS4 Flat saddle is designed for people with large hips or a heavier weight, ...

  • ISPO_Munich_2022_dn_20118
    Sponsored

    Lena Haushofer on ISPO Munich 2023: “We want to increase the festival character”

    25 October 2023 Sponsored by

    ISPO Munich 2023: Get ready for an enhanced festival experience! Lena Haushofer, Exhibition Director, shares insights on the upcoming trade fair’s exciting new features.

  • WSF-56
    Article

    WSF extends existing crowdinvesting campaign

    25 October 2023

    In August, Austrian bicycle and e-bike contract manufacturer WSF Bicycle Technology GmbH launched a crowdinvesting campaign on crowdfunding platform Conda with a funding target of €400,000. The company, which was founded in 2020 and is based in Regau, Upper Austria, plans to use the money to increase its production from ...

  • Internetstores_Logo
    News briefs

    ​Internetstores GmbH files for insolvency

    25 October 2023

    Stuttgart-based Internetstores GmbH, which includes the bike and outdoor online shops Fahrrad.de, Bikester, Campz and Addnature, filed for insolvency at the Stuttgart District Court on Monday afternoon. The company is part of Signa Sports United (SSU), the sporting goods division of the Signa Group founded by Austrian investor René Benko. ...

  • kamik_125 years
    News briefs

    Kamik celebrates 125 years

    24 October 2023

    Canadian brand Kamik, manufacturer of sustainable ecological footwear and weatherproof children’s outdoor clothing, is looking back on 125 years of history. Founded in 1898 and produced in North America since then, from 1991 onwards, the Canadians pursued a course of expansion and served the European market for the first time. ...

  • Outnorth
    News briefs

    Inventory levels weigh on Outnorth’s FY2022

    24 October 2023

    International outdoor e-tailer Outnorth, based in Växjö, Sweden, has presented its financial results for FY2022. Net sales increased slightly to 1.1 billion Swedish kroner, compared with SEK 1.073 billion a year earlier. At the same time, operating profit fell significantly to SEK 2.1 million, down from nearly SEK 60 million ...

  • Revelyst
    News briefs

    Vista Outdoor appoints General Counsel for Revelyst

    23 October 2023

    Source: Vista Outdoor Jung Choi Vista Outdoor announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following the planned spin-off of Vista’s Outdoor Products segment into a separate public company. Her appointment will be effective Oct. 23. Until the spin-off is completed, ...

  • HeiQ_AeoniQ_joins_Canopy
    News briefs

    HeiQ AeoniQ joins Canopy initiative

    23 October 2023

    HeiQ AeoniQ has become an active brand partner of the Canopy initiative, which addresses the climate and biodiversity crises by committing to keep ancient and endangered forests out of the man-made cellulosic fiber supply chain. HeiQ AeoniQ is HeiQ’s key initiative to support textile brands and mills to achieve their ...

  • Short stops

    Short Stops Week 43, 2023

    23 October 2023

    RETAIL & DISTRIBUTION +++ Timberland has launched more than 250 products across its EMEA platforms for virtual try-on via Vyking’s new Magic Mirror in-store augmented reality solution +++ Selle Royal Group has acquired Highway 2, a distributor in the USA that will continue to distribute SRG’s own Fizik, Crankbrothers, Brooks ...

  • Tennis Point
    Article

    Wave of insolvencies at SSU seems unleashed

    20 October 2023

    While Signa Sports United (SSU) offshoot Internetstores GmbH (Addnature, Bikester, Brügelmann, Campz, Fahrrad.de, Probikeshop) is said to have informed its suppliers of impending insolvency in self-administration and British affiliate WiggleCRC is believed to have done the same in its home country, German Tennis-Point GmbH has already filed for insolvency on ...

  • Keegan_Andrew_Horizontal
    News briefs

    Vista Outdoor announces CFO for Revelyst

    20 October 2023

    Source: Vista Outdoor Andy Keegan Previously considered a plan, it’s now official: Andy Keegan, currently Vista Outdoor’s vice president and interim CFO, will serve as Revelyst’s CFO following the planned spin-off of Vista Outdoor’s Outdoor Products segment into a separate public company. Keegan will continue to serve ...

  • RevolutionRace_logo
    News briefs

    Pernilla Nyrensten declines re-election to RVRC’s board

    20 October 2023

    Source: RVRC Pernilla Nyrensten In a press release accompanying its proposal for the composition of Revolution Race’s (RVRC) Board of Directors for the next Annual General Meeting on Nov. 21, the company’s Nominating Committee published last Friday that Pernilla Nyrensten has decided to leave the board of ...

  • Frasers SportScheck
    Article

    Signa Holding sells Sport Scheck to British Frasers Group

    20 October 2023

    On Oct. 17, Signa Retail Department Store Holding GmbH announced the sale of the German sporting goods chain SportScheck to British sporting goods and fashion retailer Frasers Group. Frasers runs, among other brands, Europe’s largest retailer of sports and fitness footwear, apparel and equipment, Sports Direct. No details were given ...

  • Sea to Summit
    News briefs

    New Chairman of the Board at Sea to Summit

    20 October 2023

    Australian adventure gear brand Sea to Summit has appointed Wayne England as its new Board Chair. England is an accomplished executive with a distinguished career in the consumer products industry. Throughout his career, Wayne has held several executive and non-executive positions in leading multinational consumer goods companies, most notably Nestlé. ...