All Outdoor Industry Compass articles in Volume 13, Issue 21-22 – Page 4
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News briefs
Berghaus now available on Tmall to drive Pentland’s growth in China
Pentland Brands has introduced Berghaus and ellesse, two of its most successful brands, to China as part of Pentland’s strategy to drive the group’s commercial growth in the region. The brands are now available in China on Tmall. With the outdoor category growing 9 percent year-on-year in China according to ...
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News briefs
La Sportiva launches sustainability contest
La Sportiva has launched #LaSportivaCares, an online contest that is meant to promote awareness of sustainability among the brand’s customers while also informing them of the company’s strategy and actions in the area of sustainability. In order to enter in the contest, participants must connect online and answer at least ...
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News briefsNew chairmen for German BSI’s Outdoor specialist group
The Outdoor group within the Federal Association of the German Sporting Goods Industry (Bundesverband der Deutschen Sportartikel-Industrie e.V., BSI) elected a new chairman and deputy chairman to represent the interests of the outdoor industry within the association. Jan Lorch, managing director sales & CSR at Vaude, was confirmed in office ...
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News briefs
Haglöfs expands into Andorra
Haglöfs has opened an own store in Andorra. Located at the Illa Carlemany shopping mall, this is the Swedish mountaineering brand’s first such store in the small Iberian country. Haglöfs’ other own stores are in Tokyo, Japan; Oslo, Norway; Helsinki, Finland; Chamonix, France; and the Swedish capital of Stockholm.
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ArticleGoPro's DTC approach drives profits
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro’s net income for the ...
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ArticlePentland publishes first annual Positive Business Report
Pentland Brands has released a new report in which it outlines its new three-pillar “Positive Business” strategy. It is based on: building purpose-led brands; reducing its environmental footprint; and promoting circularity and collaboration. Pentland Brands owns Speedo, Berghaus, Canterbury of New Zealand, Endura, Mitre, Ellesse, SeaVees, Kangaroos and ...
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News briefsDeckers Brands highlights CSR achievements and targets in new report
Deckers Brands has released its Creating Change FY20 Corporate Responsibility and Sustainability Report, in which the group highlights its achievements toward its sustainable development goals during the reporting year from Apr. 1, 2019 to March 31, 2020. Deckers owns a portfolio of footwear, apparel and accessories brands for casual lifestyle ...
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ArticleCraft's parent can feel the pandemic, recovers a bit in Q3
The New Wave Group, the Swedish company behind Craft, said actions to prioritize costs, earnings and cash flow bore fruits in the third quarter. The operating margin gained 4.3 percentage points to 12.0 percent due to these efforts. It was only the second time in the company’s history that it ...
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ArticleInterview Ischgl: “We have learned a lot”
The past winter did not necessarily end pleasantly for the Austrian ski resort of Ischgl, which was previously known primarily for après-ski and mega concerts in addition to its ski slopes. In spring, when the novel coronavirus had finally found its way to Europe, Ischgl became something like the European ...
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ArticleVista Outdoor’s shares soar on good results and upbeat guidance
Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, saw its stock rise by 8 percent after posting strong results for the second fiscal quarter ended Sep. 27. It also released a positive outlook for the next quarter. Sales surged by 29 percent to ...
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News briefsRECCO enters new market segment with U.S. hunting brand Forloh
Forloh, an American hunting brand that was the first to manufacture high-end technical apparel that is 100 percent made in the U.S., will also be the first to pioneer hunting outerwear equipped with RECCO, the Swedish technology that makes the user easier to locate in the event of an emergency. ...
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News briefsPatagonia’s statement on the U.S. abandoning the Paris Climate Accord
After the Trump administration announced that the USA had quit the Paris Climate Agreement, Patagonia published a statement on its website, which we do not feel the need to comment upon: ”The climate crisis is harming families, communities, and businesses globally. At a time when national leadership is most ...
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ArticleCanadian Tire’s retail business grows in Q3 thanks to online, Helly Hansen recovers
Sales of Helly Hansen, the Norwegian manufacturer of outdoor apparel and workwear, which has been owned by Canadian Tire since 2018, decreased in Q3 by 3 percent from 159.5 million to 155.4 million Canadian dollars, a strong sequential improvement after the 21 percent decline in the second quarter. At constant ...
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ArticleInterview LaMunt: “Women are no longer mere appendages in mountain sports”
The South Tyrolean Oberalp Group, which owns the Salewa, Dynafit, Wild Country, Evolv and Pomoca brands, has presented the new mountain sports brand LaMunt, exclusively for women, at the Oberalp Convention. It is scheduled to be launched in stores in winter 2021/22. Ruth Oberrauch, creator of the brand and daughter ...
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News briefsLenzing Q3 revenues drop, positive trend expected for Q4
During the first three quarters of 2020, the Lenzing Group successfully responded to the extremely difficult market environment of increased price and volume pressure due to the Covid-19 crisis by implementing a broad package of measures. An increasing demand toward the end of the third quarter, especially for wood-based specialty ...
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News briefsVictorinox opens first Austrian brand store
On Thursday, Nov. 12, the first Victorinox store in Austria will open its doors in Vienna, directly on the historic Michaeler square. In the new brand store, the Swiss company will carry its entire product range. At a pocket-knife personalization station, customers can assemble their own knife and have it ...
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ArticleYeti sees strong Q3
Yeti, the American brand of coolers and drinkware and other outdoor equipment, recorded a 29 percent gain in revenues to $294.6 million, driven by strong growth in direct-to-consumer (DTC) sales, which increased by 62 percent to $150.4 million. This was led by both Coolers & Equipment and Drinkware, as the ...
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ArticleCanada Goose posts unexpected profit
Thanks to strong demand from China, Canada Goose posted an unexpected profit in the second fiscal quarter. After posting heavy losses in the first quarter, it has now returned to profits with a net income of 10.4 million Canadian dollars (€6.7-$8.0m) for the three months of its second quarter ...
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ArticleWolverine's revenues decline but exceed expectations
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the group’s own e-commerce ...
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News briefsRecord quarter for Polygiene
Polygiene reported its “best quarter ever,” with sales rising by 11.7 percent to 22.9 million Swedish kronor (€2.27m - $2.63m) and the gross margin rising by 0.5 percentage points to 70.4 percent. The results led to a financial turnaround for the Swedish ingredient brand company, which posted an operating profit ...
