All Outdoor Industry Compass articles in Vol. 16, Issue 6 – Page 14
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News briefsRumpl hires new VP Global Brand Marketing
Source: Rumpl Josh Weichhand US outdoor blanket brand Rumpl, founded in 2014, has hired brand and marketing expert Josh Weichhand as Vice President, Global Brand Marketing. Weichhand will lead and oversee Rumpl’s marketing, brand strategy, e-commerce, creative and international efforts. He brings more than a decade of ...
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News briefsCocona Labs becomes member of The Conservation Alliance
Cocona Labs, the manufacturer of 37.5® Technology, has joined The Conservation Alliance. Cocona Labs’ membership dues directly support conservation efforts and advocate for protected lands. Cocona Labs is one of the few material suppliers to join the organization and is committed to encouraging more suppliers to actively participate in sustainability ...
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News briefsJohnson Outdoors to focus on Jetboil brand in camping segment
Johnson Outdoors Inc., the US outdoor recreation equipment and technology provider, announced that it is exiting its Eureka product lines. The product lines will be available for sale as it winds down operations and plans on fulfilling all customer requirements through the end of 2024. “After careful and thoughtful consideration, ...
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ArticleVF investor pushes for turnaround plan
In a presentation, California-based activist investor Engaged Capital outlined that the parent company of Vans, The North Face (TNF), Timberland, Supreme and others is suffering from bloated overhead that is driving down shareholder value and called for a more detailed turnaround plan for VF Corp. It said that the overhead ...
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News briefsBASF and Asahi Kasei team up on sustainable stretch fibers
BASF has announced that it is supplying biomass-balanced tetrahydrofuran (THF BMB) to the ROICA division of Asahi Kasei Corp., a multinational Japanese company. BASF’s THF BMB is said to offer a significant reduction in product carbon footprint compared to its standard grade of THF products, according to BASF. This is ...
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ArticleEOG invites UK retailers to participate in OMIS market data program
The European Outdoor Group (EOG) has launched the Outdoor Market Intelligence Service (OMIS), an online dashboard to share real-time monthly sales data from outdoor retailers in the UK. Outdoor retailers in the UK are invited to join the program for key market insights, which went live during the European Outdoor ...
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News briefsPierer Mobility AG announces change of ticker symbol
The shares of the two-wheeler giant Pierer Mobility AG (brands KTM Motorrad, Husqvarna Motorcycles, GasGas as well as Felt Bicycles, Gas Gas E-Bicycles, Husqvarna E-Bicycles, etc.) will no longer be listed on the stock exchange under the ticker symbol PMAG, but under PKTM with immediate effect. The shares of the ...
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ArticleLargest SSU shareholder cancels equity commitment
Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...
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OpinionFrom Evolution to Revolution – Performance Days 2023
Performance Day’s Functional Fabric Curator Alexa Dehmel and “fabric nerd” Charles Ross present a picture diary and summary of October’s event.
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ArticleQ3 Bicycle Industry Stock Chart: Bike manufacturers had to cut back
Even though the long-term prospects of the bicycle sector are looking promising, it is currently operating in difficult terrain. This is also reflected by The Outdoor Industry Compass’ Q3 analysis of the bicycle industry stock market.
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ArticleVista Outdoor divests Sporting Products business for $1.91bn
Vista Outdoor has agreed to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion. The transaction is subject to customary closing conditions. This transaction is the next step in Vista Outdoor’s plan to split the business into separate entities, previously announced on ...
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News briefsArc’teryx to upsize its Covent Garden retail location in London
Canadian outdoor brand Arc’teryx is planning to upsize its location in London’s Covent Garden to a nearly 750-sqm store. The new flagship store at 42 King Street, which is scheduled to open early next year, will mark a 400 percent increase in its retail footprint. Arc’teryx first opened in the ...
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News briefsRenewcell with new acting CEO
The Board of Swedish textile recycler Renewcell has appointed Magnus Håkansson as the new acting CEO, effective immediately and replacing Patrik Lundström, who has led the company since 2019 and has been dismissed by the Board after the company’s sales growth has been lower than expected. Håkansson started his ...
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News briefsREI cuts 275 retail jobs
U.S. outdoor retailer REI Co-op is cutting 275 of its 12,300 retail jobs as part of a broader plan to update its brick-and-mortar business model. The company’s employees were reportedly informed of the layoffs through a memo by REI’s VP of Stores, Mary-Farrell Tarbox, on Oct. 12. The cuts primarily ...
