All Outdoor Industry Compass articles in Vol. 16, Issue 6 – Page 8
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News briefsTraffic Distribution sets up its own bicycle wholesaler branch in the UK
German bicycle wholesaler and importer Traffic GmbH (Traffic Distribution) is expanding its activities in the UK, setting up its own branch with a warehouse and office in Hastings under the name Traffic UK. Since Brexit, EU and UK companies have tried to continue doing business while avoiding additional costs ...
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News briefsNemo expands circularity efforts into Europe
Nemo has expanded its Endless Promise collection and its circular economy program to now include Europe. In 2024, the Endless Promise product-line will be expanded to include three down sleeping bags (Disco, Riff, Coda) and the Resolve and Vantage backpack lines. Nemo introduced its first product in its fully recyclable ...
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News briefsNew POC helmet certified for skiing, mountaineering, and cycling
POC has released its first helmet certified for skiing, mountaineering, and cycling. The Calyx is designed to be “the one helmet that will protect from the door to the summit.” Certification standards for the three activities are varied. Ski and Cycling certifications are widely centered on a “drop test” to ...
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News briefsCEO of Sustainable Apparel Coalition to step down
CEO of The Sustainable Apparel Coalition (SAC), Amina Razvi, will leave the organization as of Dec. 29, 2023. Her departure comes as the organization enters “a new phase of growth and expansion to adjacent product categories.” Source: The Sustainable Apparel Coalition Amina Razvi In making the ...
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News briefsSorel has a new President
Sorel, part of Columbia Sportswear Company, has announced its new President. Cory Long will be joining the company in December 2023. Source: Columbia Sportswear Cory Long, new President of Sorel Long is a veteran of the footwear and apparel industry, most recently serving as Global General ...
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News briefsKMD Brands announces interim CFO solution
Further to the announcement on July 7, 2023 of Chris Kinraid’s resignation as Group Chief Financial Officer, KMD Brands, the New Zealand parent of Oboz, Kathmandu and Rip Curl, has confirmed that Kinraid’s last day with KMD Brands will be Dec 8, 2023. While KMD Brands continues to recruit for ...
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News briefsNew CEO and CFO at Freudenberg Performance Materials
Freudenberg Performance Materials has named a new CEO and CFO, who will take on the roles from Jan. 1, 2024. Dr. Andreas Raps will succeed Dr. Frank Heislitz as Chief Executive Officer, and Marco Altherr will take over from Thomas Herr as Chief Financial Officer. Source: Freudenberg ...
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ArticleVF publishes ESG Report for FY 2023
Source: VF Corp Under the title “Purpose. Driven.” VF Corp has published its Environmental and Social Responsibility Report for the 2023 financial year. The comprehensive report emphasizes the key areas that VF focuses on: People, Planet and Product. Topics covered in the report include gender parity, racial ...
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News briefsSamsonite posts double-digit sales gains across all brands in Q3
Samsonite, attributing its gains to normalized growth in European and North American travel and the early stages of recovery in China, reported double-digit sales growth across all its brands in Q3 ended Sep. 30. The Other segment, which includes Gregory Mountain Products, High Sierra and other brands, generated 10.3 percent ...
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ArticleGiant Group reports further slump in sales and profit in the western markets
Back in August, Giant Manufacturing reported a sales high in China in Q2, which more or less made up for the slump in sales in Europe and North America. In Q3, this was no longer the case – both the consolidated sales and the profit dropped by double digits. Consolidated ...
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ArticleIdeal Bike posts further losses – will Q4 save the day?
After Taiwan’s third-largest bicycle manufacturer Ideal Bike Corporation slipped into negative numbers in H1 of FY 2023, the negative operating results and net losses have continued in Q3. At TWD 3.23 billion (€92.78m), total sales in the third quarter of 2023 were 21.7 percent lower than in the same period ...
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ArticleSchöffel Country comes to continental Europe
With Schöffel Country, a “new” brand that stands for classic British country style with a passion for country life, the traditional form of hunting in the UK and a fascination for fly fishing, is entering the European mainland. Schöffel Country is authentically British, even though the name appears familiar. It ...
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News briefsOdlo and POW release base layer collaboration
Swiss-based performance apparel brand Odlo has released its first product collaboration with the NGO Protect Our Winters (POW) Switzerland. Source: Odlo The co-branded base layer, Odlo x POW Blackcomb, features a shared logo and has been co-created to minimize environmental impact, featuring a unique design created specifically ...
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ArticleMerida’s sales and profit down double-digits in the first 9 months, but…
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd., achieved total sales of TWD 22.53 billion (€651.44m) in the first three sales quarters of FY 2023. Compared to the first nine months of the previous year, this is a decrease of 14.6 percent. Despite this double-digit decline in sales, gross profit ...
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ArticleMore candidates for the French Outdoor Awards 2024
The French Outdoor Awards (FOA) have unveiled the ten product innovations that have been selected in the second phase of the final selection process for the awards ceremony in January 2024. In total, the jury can now choose between 22 outdoor products that have been designed or developed in France ...
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ArticleView from the European Outdoor Group - ISPO incoming
This is always a really important time of year for the European Outdoor Group (EOG) and our members. At a day-to-day business level, the winter season is underway, and how that proceeds has great significance for businesses in our sector. Meanwhile, brands and retailers are also putting a big focus ...
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ArticleIndigenous footwear company Manitobah restructures management team
Manitobah, an Indigenous-rooted footwear brand known for its Manitobah mukluks and founded in Winnipeg, Canada, in 1997 by Sean McCormick, has appointed a new senior management. Carolyn MacNaughton will assume the CEO role, Tom Hildrum will step into the position of CFO, and Mike Wodtke has transitioned from Chief Digital ...
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News briefsMammut enters South Korean market
Following its success in Japan and China, the Swiss mountain sports apparel and equipment brand Mammut is continuing its expansion in Asia and is launching in Korea with the fall/winter 2024 season. Mammut will be represented in Korea by the local distributor Creas F&C Co. Ltd. “Creas F&C has an ...
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Short stops
Short Stops Week 46, 2023
RETAIL & DISTRIBUTION +++ Giant, according to Palco23, has opened its third, and largest, store in Spain (some 550 sqm) in Palma – the two other being in Málaga and Saint Sebastián +++ OBITUARY +++ Joan Créximas, an outdoorsman who led, among other things, a scientific expedition to ...
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ArticleWolverine lowers outlook as transformation plan picks up pace
Wolverine Worldwide’s Q3 results weren’t pretty, but they did exceed Street estimates on several fronts as the Merrell, Saucony, and Sweaty Betty parent moved forward with numerous initiatives aimed at reducing annualized costs by $215 million and turning the company’s fortunes in the right direction again. Net income slid ...
