All Outdoor Industry Compass articles in Volume 14, Issue 10 – Page 2
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ArticleVista Outdoor Q4 sales rise 40%
Vista Outdoor reported sales of $597 million in the fourth quarter ended March 31. That is up 40 percent year-over-year and well above the guidance of $510 million to $530 million given at the time of the third-quarter results. Sales growth was attributed to strong demand across both Vista’s shooting ...
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Short stops
Short Stops Week 19, 2021
EXECUTIVE CHANGES +++ Clarus , the Utah-based corporation that owns the Black Diamond and Pieps brands, among others, nominated Susan Ottmann , a director of graduate programs at University of Wisconsin - Madison, to its board of directors +++ Dominic Köfner , previously managing director of ...
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News briefsAdidas grows by almost 60% in the outdoor segment
Adidas’ sales of outdoor products increased by nearly 60 percent in the first quarter of 2021 thanks to the new Terrex collection for fast trail running. Running and training were up by about 20 percent and more than 30 percent, respectively. Excluding Reebok , which is up for ...
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ArticleFox Factory Q1 sales shine with surge in bicycle product sales
Suspension specialist Fox Factory continues to soar. The company posted record sales for the third consecutive quarter. Q1 2021 sales increased 52.5 percent to $281.14 million (€231.16m). This amount is split between Fox’s Powered Vehicle Group ( PVG ) Q1 revenue of $162.75m (€134.01m, +35 percent) and Fox’s ...
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ArticleLockdown life drives demand growth for Johnson Outdoors in Q2
Pent-up demand from people stuck indoors during the Covid pandemic has helped Johnson Outdoors report a surge in second-quarter sales and profits. Total company net sales in the second quarter to April 2 rose 26 percent year on year to $206.2 million. Operating profit for the period rose to ...
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ArticleGoPro revenue up 71 percent thanks to subscriptions and high-end cameras
In the wake of the company’s shift to direct sales and an added focus on subscriptions, GoPro Inc. reported a reduced loss of $10 million in the first quarter ended March 31 (compared to a loss of $64m one year ago), while revenue rose 71 percent to $204m. Adjusted ...
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ArticleBicycle boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second ...
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ArticleWeyco suffers but sees acceleration in outdoor sales and wholesale orders
Weyco continued to suffer from the impact of the Covid-19 pandemic in the opening months of 2021. Still, the company enjoyed an acceleration in wholesale orders in the latter part of the first quarter and a strong performance in Australia. Net sales in the first quarter ended March ...
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News briefsPolygiene Q1 sales soar 141%
Polygiene , a provider of antimicrobial technology, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings , a global supplier of antibacterial additives ...
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News briefs
SRAM rewards shareholders after strong year
SRAM , the private maker of bicycle components, plans to issue a $1.1 billion term loan to finance a special distribution of $750 million to its shareholders, after a banner year in which its sales jumped to $974 million, thanks to the recent bike boom. The rest of the proceeds ...
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News briefs
VF is splitting up Icebreaker, laying off up to 50
Four years after acquiring the New Zealander brand of merino-wool apparel, VF Corp. will be splitting Icebreaker into three entities, according to reports in the NZ Herald . Two of these entities will be operating out of the present headquarters, in the city of Ponsonby, and the other ...
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News briefs
UTMB partners with Ironman on new circuit of trail running events
The Ultra-Trail du Mont-Blanc ( UTMB ) Group has announced the launch of the UTMB World Series , a global, multilevel circuit of trail running races organized in partnership with the Ironman Group . Starting from 2022, the new UTMB World Series will replace the existing Ultra-Trail World Tour ...
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News briefs
Oakley introduces Kato sport performance sunglasses
Oakley is launching the new Kato series, a range of frameless performance sunglasses designed to deliver an expanded field of vision, enhanced impact protection and a customized fit. Kato eyewear was first spotted at La Vuelta in Spain in autumn 2020, worn by Oakley-sponsored athletes Chris Froome ...
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News briefsSalomon unveils details of its restructuring plan
Salomon ’s management, led by CEO Jean-Marc Pambet , presented details of its restructuring plan to the company’s Social and Economic Committee (CSE) on May 3. The plan envisages cutting 82 jobs out of 738 at the company’s facility in Annecy, in France’s southeast. The cuts are mostly due to ...
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News briefs
Scarpa renews its support to the Giro d’Italia, with an eye on sustainability
Scarpa will be an official supplier of the Giro d’Italia for the second consecutive year. The 2021 edition of the iconic bicycle race, organized for the first time in 1909, will start on Saturday, May 8 in Turin. Scarpa will provide the event’s staff with a limited edition ...
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News briefsDerby Cycle becomes Kalkhoff
The German bicycle manufacturer Derby Cycle , part of the Dutch Pon Bike Group ( PBG ; with brands Cervélo , Focus , Faraday , Juliana , Kalkhoff , Santa Cruz and others), will operate under the Kalkhoff brand name in the future. In addition, the historic Kalkhoff ...
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ArticleClarus hires Anthony Rivera for Black Diamond apparel
Black Diamond has appointed Anthony Rivera as business unit director for its apparel category that was introduced in 2013. Rivera comes to Black Diamond ( BD ) with technical apparel expertise as the former senior manager of merchandising for Arc’teryx . In his new position, Rivera will be ...
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News briefs
Alpkit opens its first Scottish store
Alpkit has opened a new store in Edinburgh, not far from the iconic Arthur’s Seat volcano in Holyrood Park. It is the sixth store of the outdoor brand, based in Nottinghamshire, England, and its first in Scotland. In a statement published on its website, the company described its Scottish ...
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News briefsHeiQ introduces antiviral textile mask with copper coating
Swiss company HeiQ is launching a new face mask that it says destroys 100 percent of tested viruses and bacteria within minutes of contact with the textile material. The patented HeiQ MetalliQ mask consists of a fabric coated with a pure copper coating. Behind the technology, in ...
