All Outdoor Industry Compass articles in Volume 13, Issue 7-8

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    The Outdoor Industry Compass: Vol 13 - No 07+08

    2020-04-29T14:38:00Z

    The state of the Corona pandemic | Thule grants warrants | Callaway ’s shares rise | Vista ’s earnings top guidance | Stadium ’s online and rental initiatives | Poland headed for “new normal” | Wolverine ’s Q1 results | VF lowers outlook, plans refinancing | Kathmandu ...

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    Closeouts helped XXL to grow in Q1

    2020-04-29T10:04:00Z

    A major clearance program launched in reaction to poor winter conditions helped XXL to boost its sales by 7 percent in the first quarter to 2,162 million Norwegian kroner (€191.7m-$208.2m), with 3 percent growth on a same-store basis, but this led the Nordic sports retailer to book negative Ebitda ...

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    Hydro Flask helps Helen of Troy to grow

    2020-04-29T08:57:00Z

    Helen of Troy reported a nice 15.0 percent increase in sales to $144.9 million for its Housewares segment, which includes Hydro Flask and OXO , for the fourth quarter of its financial year ended on Feb. 29, despite a drop outside the U.S. Lifted by new product introductions, ...

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    Thule grants warrants after a small sales drop

    2020-04-29T08:32:00Z

    While withholding the payment of dividends to save cash because of the Covid-19 epidemic, Thule Group ’s annual meeting approved an incentive program for executives and key employees after the company reported a relatively small 7.5 percent decline in sales during the first quarter of 2020, with drops of 13 ...

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    EOG offers online overview of current European retail restrictions

    2020-04-28T17:58:00Z

    The European Outdoor Group ( EOG ) has produced a useful, regularly updated overview on its website showing the status of retail trade in the EU countries. As most links to national government or association websites are in the national language, the EOG provides a brief summary of ...

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    Swiss online trade records +38% in March

    2020-04-28T17:58:00Z

    The Swiss business blog carpathia.ch reports that, according to data from GfK ’s online sales monitor in cooperation with Swiss Post and the Association of Swiss Mail Order Companies ( VSV ), Swiss online retail in March 2020 was 38.3 percent up on the same month in 2019, ...

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    Mons Royale launches global support initiative for its retailers

    2020-04-28T17:57:00Z

    Mons Royale , a New Zealand-based merino apparel company, this week launched its “Support Your Local Retailer” initiative to provide additional funding to its retail partners. Customers can dedicate 25 percent of their online purchases at the brand’s website to a local Mons Royale retailer of their choice through May ...

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    Toray’s Kudos XT treatment to set new DWR standards

    2020-04-28T17:57:00Z

    Toray Industries, Inc . has developed a durable waterproof treatment called Kudos XT . The Japanese chemicals company claims that the new treatment delivers higher levels of durability for both abrasion and machine washing. Kudos XT also solves the problem that conventional durable water repellents (DWRs) decompose over time and ...

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    Callaway’s shares rise on longterm prospects

    2020-04-28T17:56:00Z

    Callaway Golf Co. released preliminary results for the first quarter which pointed to a drop in revenues and earnings due the coronavirus, but it expressed optimism going forward for its golf equipment and outdoor clothing operations, leading the share price to jump by 17 percent. The group said ...

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    Sport 2000 Germany organizes virtual order shows

    2020-04-28T14:20:00Z

    Due to the current situation and the uncertainty about future legal restrictions associated with the coronavirus, the German retail organization Sport 2000 is replacing its Sneaker Order Show , scheduled for June 4-5 in Mainhausen, as well as the Order Show 4 / Running Special (June 14-16) with ...

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    Vista’s earnings to top guidance

    2020-04-28T13:00:00Z

    In a business update, Vista Outdoor said that adjusted earnings for its fiscal fourth quarter will exceed its own guidance, adding that it has the support and financial flexibility required to navigate the Covid-19 pandemic. Vista expects to enter its fiscal year 2021 with more than $150 ...

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    Craft produces community masks for sports retail

    2020-04-28T12:59:00Z

    Craft , the Swedish producer of functional underwear and clothing, is producing type-1 masks for its retail partners. The “community masks” are not only to help fulfill the obligation to wear masks in sports retail, but with the imprint “Support your local dealer”, they are also intended to encourage consumers ...

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    Producer of Indigo and Bogner skis files for bankruptcy

    2020-04-28T12:22:00Z

    Schwabe Baer Entwicklungsgesellschaft , which manufactures high-quality skis and ski equipment under the brand name Indigo , among others, filed for insolvency at the Munich district court on April 14. Under the supervision of the restructuring expert Rolf Pohlmann , the provisional insolvency administrator, operations will continue and ...

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    Silhouette donates Evil Eye glasses to the Red Cross

    2020-04-28T12:21:00Z

    The eyewear manufacturer Silhouette International , headquartered in Linz, Austria, has supported the Austrian Red Cross with 20,000 pairs of glasses of its Evil Eye brand. 5,000 pairs of glasses were distributed to the Red Cross employees in Upper Austria; the remaining 15,000 pairs will be shared in the ...

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    Procedure of this year’s Outstanding Outdoor awards announced

    2020-04-28T12:21:00Z

    Following the cancellation of this year’s OutDoor by ISPO because of Covid-19, the Ispo Group has announced that the Outstanding Outdoor awards will still take place, albeit in a slightly different form. Owing to current regulations and travel restrictions, it is not possible to test the products under ...

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    Stadium starts second-hand online store, rents outdoor gear

    2020-04-28T12:19:00Z

    Stadium , the largest sports retail chain in Sweden with a strong presence in Finland, revealed its partnership with eBay (operated in Sweden by eBay’s subsidiary Tradera ) to launch a second-hand online shop for sports and outdoor products as a new business segment. Like most others, Stadium ...

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    Oeko-Tex waives fee for mask certification

    2020-04-28T12:15:00Z

    Since April 20, Oeko-Tex ® has waived the licence fee for the Standard 100 certification of mouth and nose masks in order to support the safety of the general public during the period of Covid-19. This measure follows the recently announced process changes for certificate renewals during the corona ...

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    First manufacturers are processing Polygiene’s ViralOff

    2020-04-28T10:37:00Z

    After its launch on April 7, Polygiene announced the first companies to use its new ViralOff technology to combat the spread of the novel coronavirus. ViralOff provides brands with a technology that can be applied to textiles and used on garments, equipment or accessories to minimize the potential ...

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    Tenson acquires WearColour and Void Cycling

    2020-04-28T09:50:00Z

    As reported earlier , WearColour , a Swedish brand of anoraks, ski jackets and pants with distinctive color blocking that also owns the Void Cycling trademark, filed for bankruptcy on Feb. 11 at its own request with the Gothenburg District Court. Now Swedish media reports that Tenson , one ...

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    Pure Fishing downgraded by Moody's

    2020-04-28T06:46:00Z

    Moody’s has downgraded Pure Fishing , the company previously owned by the former Jarden Corp. that groups together fishing tackle brands like Abu Garcia, Berkley and Shakespeare . The company’s debt reached 9 times Ebitda last year, after running into a negative cash position following a 6 ...