All Outdoor Industry Compass articles in Volume 13, Issue 21-22 – Page 6
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News briefs
Smith partners with Austrian Ski Federation (ÖSV)
Smith has signed a multi-year contract with the Austrian Ski Association (ÖSV), guaranteeing Smith’s long-term commitment to ski racing. The focus in the first season will be on the junior division and the European Cup. Starting with the 2021/22 season, Smith will also support Austrian World Cup competitors. In addition, ...
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News briefsBradshaw Taylor takes over Sherpa Adventure Gear
UK-based outdoor specialist Bradshaw Taylor has acquired the Sherpa Adventure Gear brand, a wholly-owned subsidiary of Innov8 Partners, and its assets. Bradshaw Taylor will take over the global operations. Corry Taylor, the owner of Bradshaw Taylor, will be appointed CEO of Sherpa concurrent with the acquisition. Bradshaw Taylor is a ...
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News briefs
VF has a new VP of inclusion and diversity
VF Corp. has appointed Lauren Guthrie as vice president of global inclusion and diversity (I&D) in replacement of Reggie Miller, who is resigning. Guthrie has worked in merchandising for most of her career, first at Abercrombie & Fitch and Levi Strauss, then in an executive capacity at Nike, Old Navy ...
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News briefsNewell posts better-than-expected growth
Newell Brands’ revenues for the third quarter rose by 5.1 percent to $2.7 billion, as a core sales gain of 7.2 percent was partially offset by currency headwinds and divested businesses. The management said it recorded broad-based growth, which was better-than-expected, underpinned by strong consumption, and significant improvement in operating ...
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News briefsAmazon posts 37% sales increase while net profit triples
Amazon said that its sales in the third quarter grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange ...
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News briefs
Db says „Sold exclusively not here“ to support local retailers
In support of local retailers, Swedish ski and travel luggage brand Db, formerly Douchebags, has launched a new color collection of its best-selling bags, which are not sold through the brand’s website but exclusively through its network of retailers. The Brightside Yellow collection includes 6 models and was launched in ...
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News briefsAntonio Dus is leaving Tecnica
The Tecnica Group says that its chief executive, Antonio Dus, is leaving in December 2020 “in order to be able to devote himself to other personal and professional projects.” The company’s chairman, Alberto Zanatta, will be acting as CEO on an interim basis with effect from Nov. 1. Reaching Ebitda ...
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News briefs
The Outdoor Italia campaign has been a success
#outdooritalia, the digital campaign launched by the Italian Outdoor Group (IOG) in June to support tourism and outdoor activities during the 2020 summer season, has generated more than one million impressions on the dedicated campaign website and 40,000 interactions on social media – Facebook, Instagram and YouTube. The IOG is ...
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ArticleColumbia posts lower sales and earnings
After a difficult first half of 2020 due to the impact of the pandemic, Columbia Sportswear Company performed better in the third quarter, but results remain far below those of last year. Its net income tumbled by 47 percent from the year-ago quarter to $62.8 million, while sales dropped by ...
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ArticleLafuma’s board approves Calida’s offer
In a lengthy and detailed press release, Lafuma reported that its board of directors is recommending acceptance by its minority shareholders of a preliminary offer made on Oct. 2 by Calida Holding to acquire the balance of the shares it doesn’t own at a unit price of €17.99. The price ...
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ArticleHoka One One helps Deckers Brands grow in Q2
Deckers Brands showed growth in its second financial quarter ending June 30, mainly due to the very good results of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 15.0 percent from the same period last year to reach a new quarterly record of $623.5 million, ...
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News briefsIWA OutdoorClassics goes consumer with a new name
After this year’s Covid-19-related cancellation, the end consumer event of the IWA OutdoorClassics will take place June 25-27 under the new name Hubana 2021 - Jagderlebnistage Schloss Lembeck (”hunting experience days”) at the castle of Lembeck in North Rhine-Westphalia, Germany. The event is organized by the IWA OutdoorClassics team and ...
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News briefs
U.S. Sea to Summit staff get a free day off to vote on Nov. 3
SNEWS reports that Sea to Summit, the global adventure equipment brand headquartered in Perth, Western Australia, is encouraging civic responsibility by providing its entire U.S.-based staff a paid day off on election day, Tuesday, Nov. 3. The company made the announcement last week that it would provide everyone the day ...
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News briefs
Momentum is building for National Outdoor Expo in March 2021
Several outdoor brands including Montane, Salomon, Salkan, Salewa, Yurts for Life, Cactus Drinkwell, Latitude Adventures, The Outdoor Guide and Savage Adventures have joined the line-up at The National Outdoor Expo in March 2021 at the NEC Birmingham. These newly announced names join other big brands including Adidas Terrex, Hoka One ...
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ArticleOberalp launches LaMunt - a premium mountain sports brand for women
At the Oberalp Virtual Convention on Oct. 29, Ruth Oberrauch, member of the board of the Oberalp Group, officially presented LaMunt, the new mountain sports brand under the umbrella of the group. “LaMunt is the mountaineering brand from women for women, which opens up a new, female perspective on alpine ...
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ArticleColumbia restructures senior leadership to support omni-channel, digital plans
Columbia Sportswear Company announced a series of senior leadership changes executing on transition plans, supporting the company’s omni-channel plans for growth and unlocking digital opportunities. Before Thomas Cusick, executive vice president and chief operating officer, will retire from the company after 18 years in the second half of 2021, he ...
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News briefs
Oeko-Tex participates in Amazon’s sustainability program
Oeko-Tex, an association of 18 independent research and testing institutes worldwide, which sets standards for more safety in products of the textile and leather industry and their manufacture, is participating in Amazon’s Climate Pledge Friendly program with Oeko-Tex’s Made in Green label. The program is being launched in Germany, France, ...
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ArticleBike boom boosts Shimano's earnings
Shimano’s sales for the first nine months of the year were down by 2.0 percent from the year-ago period to 264,174 million yen (€2.16bn-$2.53bn), hampered by lockdowns around the world in response to Covid-19. However, sales started to improve during the second quarter due to the soaring popularity of cycling ...
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ArticleMixed results for Fenix
Fenix Outdoor International posted lower sales for its third quarter but managed to keep expenses under control. The management said the emergency plan implemented in the first quarter bore fruit, keeping costs and expenses at a manageable level. The company has, wherever possible, renegotiated the rent at relevant brick-and-mortar stores ...
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News briefs
Safety and rescue equipment stolen from Kong’s facility in Italy
Kong, an Italian specialist in carabiners for mountaineering and other safety and rescue equipment, based near Lecco, in the country’s northwest, was subject to a break-in at its headquarters the night of Oct. 19-20. The company said that it was especially concerned because of the type of products that were ...
