All Outdoor Industry Compass articles in Vol. 16, Issue 6 – Page 13
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Article
Deuter receives “Green Button 2.0” certification
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 ...
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News briefs
Another activist investor targeting VF Corp
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 ...
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News briefs
EOCA kicks off Green Friday campaign
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 ...
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Article
Shimano cites weak demand as nine-month results slip
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 ...
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Article
Coalition for Cyclist Safety aims to improve safety of bike and eBike riders in North America
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: ...
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News briefs
Odlo x Burton release first snowboarder-specific baselayer
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 ...
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News briefs
New bike saddle from Huan targeting a more comfortable ride
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, ...
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Sponsored
Lena Haushofer on ISPO Munich 2023: “We want to increase the festival character”
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.
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Article
WSF extends existing crowdinvesting campaign
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 ...
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News briefs
Internetstores GmbH files for insolvency
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. ...
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News briefs
Kamik celebrates 125 years
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. ...
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News briefs
Inventory levels weigh on Outnorth’s FY2022
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 ...
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News briefs
Vista Outdoor appoints General Counsel for Revelyst
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, ...
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News briefs
HeiQ AeoniQ joins Canopy initiative
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 ...
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Short stops
Short Stops Week 43, 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 ...
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Article
Wave of insolvencies at SSU seems unleashed
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 ...
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News briefs
Vista Outdoor announces CFO for Revelyst
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 ...
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News briefs
Pernilla Nyrensten declines re-election to RVRC’s board
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 ...
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Article
Signa Holding sells Sport Scheck to British Frasers Group
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 ...
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News briefs
New Chairman of the Board at Sea to Summit
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. ...