All Outdoor Industry Compass articles in Volume 14, Issue 10
View all stories from this issue.
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News briefsHelly Hansen maintains sales momentum, Canadian Tire’s e-commerce soars
Helly Hansen’s revenues for the first quarter ended April 3 increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at the roughly same pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian Tire, which ...
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PDF NewsletterOutdoor Industry Compass: Vol 14 - No 10
Columbia raises guidance after a good Q1 | Clarus raises full-year guidance after Q1 sales jump | Jack Wolfskin recovers from pandemic faster than expected, online sales up 108% | Wolverine raises guidance due to strong first quarter | Vista Outdoor Q4 sales rise 40% | Bicycle boom pushes Q1 sales at Dorel | GoPro revenue up 71 percent thanks to subscriptions and high-end cameras | CODI’s sales surge by 38%, led by Boa | Lockdown life drives demand growth for Johnson Outdoors in Q2 | Fox Factory Q1 sales shine with surge in bicycle product sales | Bicycle boom gives Austrian specialist retail some record boosts | Authentic Brands Group and SPARC to acquire Eddie Bauer | Oberalp Group will present new collections and behavioral study at Virtual Convention on May 18 | ISPO Group without Markus Hefter | Boardriders without Peter Knoll | A.S. Adventure Group becomes Yonderland as it completes its refinancing | Cotton Trust Protocol partners with TextileGenesis blockchain
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News briefsGiant Group boosts sales and profit to record levels thanks to e-bikes
Continued strong global market demand for bicycles and e-bikes has brought Taiwan’s largest bicycle manufacturer Giant Group both record revenue and record profit in the first sales quarter of the current fiscal year 2021. While quarterly sales grew at double-digit rates compared to the first three months of last year, ...
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ArticleWolverine raises guidance due to strong first quarter
Footwear company Wolverine Worldwide raised full-year guidance due to better-than-expected e-commerce growth and optimism over Covid-19 vaccine rollouts. Revenues in the three months to April 3 rose 16.3 percent to $510.7 million but missed estimates of $511.8 million. Wolverine, which owns the Sperry, Hush Puppies, Saucony and Merrell brands, amongst ...
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News briefs
Rapala VMC completes buy-back of shares
Rapala VMC Corp. communicated on March 25 that its board had decided to start buying back a maximum of 100,000 of Rapala VMC’s own shares, with a maximum of €700,000. The buy-back of its own shares started on April 1st and ended on May 10. During this period, the Finnish ...
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ArticleBoardriders without Peter Knoll
Peter Knoll has left Boardriders, Inc. at the end of March 2021, where he was most recently general manager for Germany, Austria and Switzerland. According to Knoll, his departure was mutually agreed upon, following differing views on organizational and strategic changes within the company. Knoll’s position has not been refilled ...
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ArticleDegradability of threads and fabrics in the spotlight at Coats and Cocona
Two relevant textile supply companies just announced new technologies to enhance and speed up the biodegradability of textiles in the landfill. Source: Coats EcoRegen British industrial thread company Coats has developed a biodegradable thread, EcoRegen, to support its customers’ sustainability agendas. The new sewing thread is made ...
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ArticleOberalp Group will present new collections and behavioral study at Virtual Convention on May 18
Vienna-based international behavioral research institute Karmasin Behavioural Insights conducted a wide-ranging study for the Oberalp Group in Germany, Austria and Switzerland to examine the rising outdoor trend in the wake of the Covid-19 pandemic. The institute surveyed a total of nearly 900 participants on the topic of “My first experience ...
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ArticleJack Wolfskin recovers from pandemic faster than expected, online sales up 108%
Callaway Golf Co. saw revenues in the first quarter soar by 47.3 percent as compared to the year earlier to $651.6 million, amid “unprecedented” demand for its golf equipment and a faster-than-expected recovery from the Covid-19 pandemic for Jack Wolfskin and the rest of its softgoods businesses and the recently ...
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ArticleClarus raises full-year guidance after Q1 sales jump
Clarus Corp, the parent company of Black Diamond and Pieps, raised its sales and adjusted Ebitda guidance for the full year, after posting a top line of $75.3 million in the first quarter, up by 41 percent on a reported basis and 39 percent higher at constant currencies. Excluding Barnes ...
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News briefsStudy: Environmental impact of e-commerce relevantly smaller than offline shopping
In a new study, consulting and analyst firm Oliver Wyman has validated the impact of e-commerce both on the retail industry and the environment. The data is based on an analysis of official statistics, independent retailer surveys conducted in 2020 and a proprietary CO2 impact model (full study here). In ...
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News briefsDevold’s sheep farmer recognized for wool quality
For the second year in a row, Glenmore Station – one of Devold of Norway’s wool suppliers – was named Grand Champion in the prestigious “Fleece” competition at the Wanaka Agricultural Show held last month in New Zealand. Scoring 99 out of a possible 100 points for its “Merino Ram ...
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News briefs
New OR short film tells the story of finding community and inclusivity
Seattle-based outdoor company Outdoor Research (OR) continues the important conversation about creating a more inclusive space in the outdoor community with a new film, Escaladoradie. The short film tells the story of OR ambassador Monserrat Alvarez Matehuala, who is creating a space where women of color can come together as ...
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News briefsGerman banks launch unified digital payment service
Banks and savings institutes in Germany are driving forward the standardization of their online payment processes. Since May 5, the institutions will gradually offer customers and retailers a bundled payment service for all aspects of checking accounts. The five major banking associations that make up the Deutsche Kreditwirtschaft (DK) had ...
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ArticleConstruction starts on new Kettler Alu-Rad e-bike factory in Germany
Kettler Alu-Rad, a member of Europe’s leading bicycle purchasing cooperative Zweirad-Einkaufs-Genossenschaft (ZEG), is beginning with the construction of a new production facility in the German state of Saarland. As early as the first quarter of 2022, the first e-bikes are expected to roll off the production line from one of ...
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News briefs
Ecco opens flagship store in Shanghai
Danish footwear brand Ecco opened a new flagship store in Shanghai in April. The company said that physical stores remain an important and attractive sales channel for Ecco’s customers, although online shopping has become an essential part of the “new normal.” Additionally, life in Shanghai right now is not hampered ...
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ArticleISPO Group without Markus Hefter
After working for Messe München for 18 years, Markus Hefter, exhibition director for the ISPO Munich and OutDoor by ISPO trade shows, has left the company, apparently to pursue a new opportunity with a yet unnamed company later in September. Source: © Messe München Hefter was in ...
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ArticleAmazon publishes first Brand Protection Report
Amazon released its 2020 Brand Protection Report, which provides a comprehensive overview of how the company ensures customers are buying authentic products in its stores. According to the paper, the company invested in dedicated teams and industry-leading machine learning technology to proactively protect customers, brands and its selling partners from ...
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ArticleAuthentic Brands Group and SPARC to acquire Eddie Bauer
Authentic Brands Group (ABG), a New York City-based global brand owner, marketing and entertainment group, and SPARC Group, a global full-service retail operator, today announced a definitive agreement to acquire U.S. outdoor lifestyle brand Eddie Bauer from PSEB Group, an operating company owned by private equity investment firm Golden Gate ...
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ArticleA.S. Adventure Group becomes Yonderland as it completes its refinancing
The A.S. Adventure Group is changing its name to Yonderland as it completes a financial reorganization under which its bank lenders have acquired a minority stake in the company. In addition to rescheduling its debt, it will also receive a capital injection of €25 million to support its growth strategy ...
