All Outdoor Industry Compass articles in Volume 13, Issue 9-10 – Page 6
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News briefsOrtovox delays delivery of winter and summer collections
Ortovox has taken a number of measures to support its retailers. The collection for next summer will be reduced in size, a move similar to that which Salewa , Dynafit and La Sportiva had announced earlier. Ortovox wants to reduce the pressure on retailers by increasing the ...
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News briefs“Click & collect” drive-in services offered by Intersport and Decathlon
Both Intersport and Decathlon have set up a form of “drive-in click and collect” service in France. Customers place their order online and collect the merchandise in the parking lot of their local store, receiving it directly at their car with maximum distancing. Intersport, which reopened its e-commerce ...
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News briefs
Garmont donates footwear
The U.S. division of Garmont is donating 1,000 pairs of tactical boots to first responders in the state of New York. The donation is part of the Italian footwear brand’s #StayWild #HopeWild social good initiative, which itself began with the donation of a special Tikal Tricolore ...
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ArticleAn excellent quarter for Garmin in Outdoor and Fitness
Garmin ’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx ...
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News briefs
VF Corp. extends pay for its retail and distribution staff
VF Corp. is extending “full pay and benefits” through May 30 to all its retail staff in the U.S., Canada and Mexico and “increasing pay through July” for staff at its distribution cetners in the U.S. and Canada. The company is also preparing to reopen its North American offices and ...
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ArticleColumbia’s results are hit by Covid-19
After a brilliant financial year in 2019, Columbia Sportswear did not have a great start to 2020 due to the Covid-19 pandemic. Its net profits stood at just $0.2 million, down from $74.2 million for the year-ago quarter, while sales dropped by 13 percent to $568.2 million. ...
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News briefsStandard & Poor's downgrades Wolverine
Standard Poors downgraded its ratings for Wolverine Worldwide ’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S P forecasts that orders placed by its wholesale clients could ...
