All Outdoor Industry Compass articles in Volume 13, Issue 17-18
View all stories from this issue.
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PDF NewsletterThe Outdoor Industry Compass: Vol 13 - No 17+18
Clarus expects Black Diamond and Sierra to grow | JD Sports Fashion outdoor unit narrows losses | Apex widens losses | Triple-digit growth in Zumiez’ profits | Lloyds Fonds acquires 2.4% of Polygiene AB | Russian online retailers report record-breaking outdoor sales | German bicycle and e-bike industry defies the Corona crisis | Ispo Munich: New hybrid concept for 2021 | Pentland Brands announces executive changes | Thule Group is changing its senior management | Icebreaker plans to be plastic free by 2023 | Timberland announces ambitious sustainability goals | Companies are starting to switch from sea and air to rail to ship to and from China | New Higg tool assesses environmental impact of finished products | Shopify moves Canadian head office, shifts to more permanent remote work | Klarna becomes the most valuable financial start-up in Europe | Tretorn strengthens management team in efforts to accelerate DTC transition | Hyosung provides environmentally friendly yarn for Osprey’s Talon and Tempest series
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News briefsExtrem Skis expands ski factory in Åre
The Swedish ski brand Extrem Skis has unveiled pictures of the new 350 square meter expansion of its ski factory in Åre. The company stated that it took three years of planning and one year of construction to complete the new annex. Extrem Skis also invested in two state ...
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News briefs
Germany to admit foreign participants in trade shows
Foreign visitors are expected to be able to attend the next Ispo Munich show, scheduled for Jan. 31 to Feb. 3.The government of Germany has decided to grant entry into its territory – even from outside the EU, the Schengen area or Germany’s list of approved countries – to ...
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News briefsArc’teryx Alpha Center opens in Shanghai
Arc’teryx is opening its two-story, 750 square meter “ Arc’teryx Alpha Center ” in Shanghai on Sept. 19. It is the brand’s largest store to date and offers customers an impressive shopping experience from both a design and product perspective. The store on Shanghai’s popular Huahai Road is anchored ...
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News briefsNaturkompaniet offers adventure trips to Lapland
Göteborgs-Posten reports that Naturkompaniet , Fenix Outdoor `s Swedish retail chain, has begun to offer adventure trips to Lapland this winter. The new business idea is a result of the growing outdoor trend during the Covid-19 pandemic. From 2021, the chain, together with Äventyrsresor , an experienced travel company ...
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ArticleNew Higg tool assesses environmental impact of finished products
After last month’s release of the updated Higg MSI and the Higg Brand Retail Module ( Higg BRM ) in April, the Sustainable Apparel Coalition ( SAC ) and its spin-out tech company, Higg Co , have launched the Higg Product Module ...
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News briefsYoung people to benefit from new #itsgreatoutthere grants
The It’s Great Out There Coalition has confirmed the ten projects that will be supported in the latest round of # itsgreatoutthere grants. Local initiatives in Germany, Spain, Sweden, France, Serbia and the UK that mainly involve young people will each receive €1,000 to help ...
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ArticleCanada’s MEC to be taken over by U.S. investor; co-op owners feel betrayed
The announced sale of Canada’s best-known outdoor equipment retailer, Mountain Equipment Co-op ( MEC ), to Kingswood Capital Management , a Los Angeles-based private equity firm, has sparked widespread discussion across Canada. MEC was founded in 1971 in Vancouver, British Columbia. To be able to shop in the store, ...
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News briefsGreen Button celebrates 1st birthday
One year ago, the “ Grüner Knopf ” (Green Button) was introduced in Germany, the first state seal for fair and ecologically, sustainably produced textiles. This was partly due to the commitment of the German Minister for Development, Gerd Müller . Since then, the seal has provided consumers with ...
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News briefsDénériaz moves to larger premises
Sport-guide.com reports that Dénériaz , the French ski brand founded eleven years ago by Olympic champion Antoine Dénériaz , has moved its headquarters to a 700-sqm site in the Vernays industrial zone in Doussard. This space, almost double that of the previous facility, meets the needs of the “rapidly ...
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News briefs
Salomon and REI start virtual book club events with athletes
Salomon and the U.S. outdoor retail chain REI have announced a series of virtual book club events with Salomon athletes and authors Jessie Diggins , Rickey Gates , Emelie Forsberg and Meredith Erickson . Once a month, consumers will be invited to read the monthly book and ...
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ArticleShopify moves Canadian head office, shifts to more permanent remote work
Canadian software company Shopify Inc. has announced that it will vacate its headquarters at 150 Elgin Street in Ottawa and move to an office tower on Laurier Avenue. The 170,000 square foot space served over 850 Shopify employees prior to the Covid-19 pandemic. In May, when the company announced ...
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ArticleApex widens losses
Impairment charges of close to $10 million mostly related to the impact of the Covid-19 pandemic weighed on the profits of Apex Global Brands , previously called Cherokee Global Brands . Net loss for the parent company of Hi-Tec , Magnum , and Tony Hawk expanded by 5 ...
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ArticleKlarna becomes the most valuable financial start-up in Europe
Klarna , a Swedish online payment service provider with headquarters in Stockholm, raised $650 million in an equity funding round, which values the whole company $10.65 billion. Klarna claims that the valuation ranks it as the highest-valued private fintech in Europe and the 4th worldwide. The funding round was ...
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News briefsPrimaLoft and Shanghai Challenge Textile enter exclusive global production partnership
PrimaLoft , Inc. and Shanghai Challenge Textile Co, LTD have announced an exclusive partnership for the production of PrimaLoft® Performance Fabrics . Shanghai Challenge is a Shanghai-based manufacturer with a proven track record for the design, research, development and production of functional fabrics. The company will bring this expertise ...
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News briefsKeen donates up to $20,000 to wildfire relief efforts
While devastating fires in the states of Oregon, Washington and California on the U.S. west coast threaten and destroy lives, property and nature, the footwear brand Keen has decided to donate 1 percent of its U.S. sales from keenfootwear.com , up to a total of $20,000, to relief programs. ...
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News briefsPolygiene survey: Increased laundering due to the pandemic corresponds to 3.5 million more cars in the USA alone
A survey conducted by Polygiene in the USA in early September shows that 3 out of 4 people say they wash their laundry significantly more often due to concerns about viruses. In the free format responses, there was a surprising number of people who wrote that they wash clothes ...
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ArticleCompanies are starting to switch from sea and air to rail to ship to and from China
A train loaded with Lenzing fibers, which left Vienna, Austria, on Aug. 20, reached its destination, the Xinzhu station in Xi’an, China, after only 16 days. The train, which carried 41 containers of Tencel™ Lyocell and Modal fibers with a total value of €1.8 million, covered a ...
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News briefs
Surf photographer Todd Glaser joins Mizu’s ambassador team
Mizu , the brand founded by Finnish pro snowboarder Jussi Oksanen in 2008 and offering reusable and eco-friendly stainless steel products mainly for hydration and filtration, has welcomed Todd Glaser , the U.S. photographer, to its ambassador team. As one of the world’s most prolific and well-known surf ...
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News briefs
Industrial Revolution has a new VP of sales
Industrial Revolution , a Seattle-based manufacturer of outdoor accessories founded in 1971 as UCO and the American distributor for outdoor brands such as Morakniv of Sweden and Esbit of Germany, has appointed Chris Clark as its new vice president of sales. Clark has more than 20 years ...
