All Outdoor Industry Compass articles in Volume 13, Issue 15-16 – Page 4
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News briefs
IWA 2021 reports high registration numbers, presents hygiene concept
The organizers of IWA Outdoor Classics , the hunting and outdoor show in Nuremberg, Germany, reports that 900 companies have already registered to participate in the upcoming event scheduled for March 12-15, 2021. In order to ensure that the trade show can run safely for all participants in ...
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News briefs
Eurobike Award 2020 is open for applications
Industry registration for the 16th Eurobike Award is open until Oct. 1, 2020. The organizers are looking for innovations and new products that can shape the bicycle market. In addition to products in the “standard categories” of bicycle e-bike, components, accessories and clothing, awards will also be ...
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News briefsTourNatur consumer fair in Düsseldorf will take place
TourNatur , an annual meeting point for hiking, trekking and nature lovers, will again take place this year from Sept. 4-6 in Düsseldorf, Germany, despite the Covid-19 situation. Due to the special circumstances, the event will be integrated into the caravaning show Caravan Salon 2020 and will now take ...
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News briefs
Canadian Tire announces new executive appointments
Canadian Tire (CTC), the Canadian retail company operating in the automotive, hardware, sports, leisure and housewares sectors, named Susan O’Brien , formerly SVP of marketing, chief brand and customer officer. She will oversee all aspects of CTC’s brands, aligning the curation of the entire customer experience across all channels ...
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ArticleOrganic cotton production sees 31% jump
The production of organic cotton showed a 31 percent increase in the 2018/19 harvest year over the previous year, according to the Textile Exchange ’s 2020 Organic Cotton Market Report . The 2018/19 harvest year saw the second biggest harvest of organic cotton ever recorded, surpassed only marginally in 2009/10. ...
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ArticleEDM Executive Survey: Sports and outdoor brands are pushing DTC
While experiencing generally lower orders from retailers, primarily because of the coronavirus outbreak, more than two-thirds of sports and outdoor brands responding to our survey intend to further develop their own direct-to-consumer (DTC) operations, relying more on their own websites than on those of third-party e-tailers.
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News briefsBurton receives Fair Labor Association accreditation
The social compliance program at Burton Snowboards has been accredited by the Fair Labor Association (FLA) . According to the FLA’s president and chief executive, Sharon Waxman , the American snowboarding and mountaineering company has undergone multiple years of scrutiny and set up suitable systems to detect and remedy ...
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News briefsPatagonia is among Regenerative Organic Certified (ROC) standard pioneers
The Regenerative Organic Alliance has announced that the Regenerative Organic Certified ( ROC ) standard has completed its pilot phase and is now open for certification. The Alliance has also announced that the first ROC products are now available in the marketplace. ROC products from Patagonia are ...
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ArticleCanada Goose to cut production as Covid-19 hits Q1 sales
Canada Goose is cutting production and opening fewer stores as the coronavirus pandemic hit its sales, causing first-quarter net losses to almost double to 50.1 million Canadian dollars (€32.0m-$37.7m) from Can$ 29.4 million a year earlier. On adjusted basis, excluding restructuring charges, the net loss amounted to Can$ 38.4 ...
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ArticleSluggish sales for Black Diamond
A weak performance from Black Diamond , Clarus Corp ’s biggest brand, pushed the group’s sales for the second quarter down by 36 percent to $30.0 million. The parent company of BD, Pieps and Sierra Bullets saw its net loss widen to $2.7 million, from $0.7 million for ...
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ArticleGoPro widens losses
Sales for the U.S. action camera brand tumbled by 54.1 percent in the second quarter to $134.2 million, while the gross margin contracted by 4.6 percentage points to 30.3 percent. Adjusted Ebitda was negative $22 million, compared to $14 million in the same period a year ago. The company’s ...
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ArticleMoody’s and S&P forecast 15% sales decline at Amer Sports
In a new report, rating agencies Moody’s and S P reveal that Amer Sports ’ revenues fell by 36 percent in the second quarter and by 22 percent in the first half, hampered by the impact of the pandemic. Ebitda was a loss of €26 million for the ...
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ArticleDirect sales lifts Yeti’s results
Yeti , the American brand of coolers and drinkware and other outdoor equipment, recorded a 7 percent gain in revenues to $246.9 million, driven by strong growth in direct-to-consumer (DTC) sales, which increased by 61 percent to $133.0 million. This was driven by both Coolers Equipment and Drinkware, ...
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ArticleVista Outdoor benefits from resurgence in outdoor recreation activities
The Outdoor Products division of Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, recorded a 4 percent drop in sales to $145.0 million in the first fiscal quarter ended on June 28, largely due to restrictions related to the Covid-19 outbreak. These restrictions ...
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News briefs
Timberland store in Carnaby Street wins design prize
Timberland ’s flagship store in London’s Carnaby Street was among the winners of a 2020 Gold Design Award , presented by “ Shop! ” The award-winning 2,600-square-foot store features a full-height living green wall, living trees and other natural elements. Shop!, headquartered in Chicago, is a global trade association dedicated ...
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News briefsInternetstores works on holistic sustainability strategy
Internetstores , the Germany bike and outdoor retailer, has hired the German consulting firm EPEA to overhaul environmental policy for its full value chain. EPEA, based in the city of Stuttgart just as Internetstores, began a three-month review of operations in June, after which it will draft a comprehensive ...
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ArticleCallaway’s profit plunge due to Jack Wolfskin writedown
Callaway Golf Co. ended the second quarter in the red due to a $174 million impairment charge related to the Jack Wolfskin goodwill and trade name. It posted a net loss of $167. 7 million, versus net income of $28.9 million for the year-ago quarter. The management said ...
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ArticleMammut struggles amid restructuring
Revenues for the Mammut Sports Group declined by 31.4 percent to 80.9 million swiss francs (€74.9m-$88.6m) in the first half of 2020, including a drop of 29.1 percent in comparable sales. The operating loss widened to CHF 23.3 million (€21.5m-$25.5m), down from an operating loss of CHF 5.3 million ...
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ArticleMillet and Lafuma expand environmental and social strategy
The French outdoor brands Millet and Lafuma , brands of the Millet Mountain Group , which belongs to the Calida Group , have further developed their environmental and social strategy in line with current developments under the motto “Rising Change.” According to its own statements, the Millet Mountain Group ...
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ArticleAmazon’s Swedish website has leaked
After the entire website has leaked thanks to a Finnish software developer, one thing is for sure: After years of speculation, Amazon is finally being launched in Sweden. Until now, Swedish consumers and companies have only had access to the other European Amazon websites. According to the Swedish trade ...
