All Outdoor Industry Compass articles in Volume 14, Issue 16+17
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PDF NewsletterOutdoor Industry Compass: Vol 14 - No 16+17
Sport Holding acquires Bergans of Norway | On Holding files registration for IPO | EOG unveils retail-specific content for OutDoor by ISPO | EOG State of Trade: Outdoor wholesale value drops 9.5% in 2020 | After strong Q2, Wolverine again raises full-year outlook | Anta’s profits more than double in H1, Amer bounces back | Columbia lifts guidance after strong Q2, but CEO attacks freight “monopoly” | Fenix’ Q2 sales up, but sluggish German performance weighs on overall result | VF raises FY guidance as Q1 sales and profits beat estimates | Clarus raises guidance as Q2 sales growth accelerates | Topgolf and golf boost Callaway, outdoor also shows resilience | Giant with strong H1 figures, production to be expanded with factory in Vietnam | Leatt continues on record track in 2021 | New CEO and board members for Ecco | SRAM Group opens Time pedal factory in Portugal | SSU reorganizes management of Internetstores Group | Black Diamond hires ski industry veteran Mike Hattrup | More details on consumer integration at ISPO Munich | EOG partner page
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ArticlePolygiene sees sales momentum continuing after strong Q2
Polygiene reported sales of 46.9 million Swedish kronor (€4.6m-$5.4m) in the second quarter, up by 171 percent on the year earlier and accelerating from the already strong 141 percent growth rate seen in the previous quarter, as its top line continued to benefit from the addition of Addmaster Holdings, a ...
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News briefs
Wholesaler Absolut Bikes to expand with new owner
On Aug. 24, Dutch investment company Fields Group officially announced that it will acquire German bicycle wholesaler Absolut Bikes GmbH. While there were no details given on the sale price, it was announced that Absolut Bikes’ founder and managing director, Kai Stemann, will remain on board for an agreed transition ...
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News briefsUSWE swings to Q1 profit as sales soar on demand surge
Swedish outdoor and sports brand USWE reported a jump of 253 percent in net sales to 29.3 million Swedish kronor (€2.86m-$3.37m) for the three months to June 30. It generated an operating profit before depreciation and amortization (Ebitda) of SEK 5.58 million (€0.55m-$0.64m), or a margin of 19 percent of ...
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ArticleSport Holding acquires Bergans of Norway
Sport Holding, Norway’s largest sports retail player with more than 360 company-owned and franchised stores throughout Norway, divided into Sport 1, Intersport, Anton Sport, Löplabbet, Sportsnett and Skandinavisk Høyfjellsutstyr, is acquiring 100 percent of the shares of Bergans Fritid AS. Source: Hans Kristian Krogh-Hanssen Jan Tore Jensen, CEO ...
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ArticleStand.Earth gives fashion, outdoor and sports industries poor grades for sustainability
In its Fossil-Free Fashion Scorecard 2021, environmental advocacy organization Stand.Earth surveyed and ranked 47 outdoor, sports and fashion brands on their environmental actions in various areas. Stand.Earth sees the fashion industry in a business-as-usual reliance on fossil fuels to manufacture and ship its garments that is not consistent with a ...
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News briefsRegistration for OutDoor by ISPO open until mid-September
With on-site presentation packages starting at €1,999 in the start-up area, the next OutDoor by ISPO (Oct. 5-7) will launch a new format of physical and digital brand presentation that is intended to act as a kick-off for a new era of B2B communication. The show will be held as ...
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News briefsNike and Newlight explore the use of carbon negative material
Nike and California-based Newlight Technologies have announced a partnership to utilize AirCarbon, an energy-storing material, as part of Nike’s plans to accelerate carbon emissions reductions within its supply chain and manufacturing. According to Nike’s most recent press release, materials account for 70 percent of the brand’s carbon footprint. To produce ...
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News briefsWith 27% growth in H1, Tecnica performed better than in 2019
Italian Tecnica Group posted revenues of €173.7 million in its H1 that ended June 30 (+27 percent compared to H1 2020). Ebitda increased to €17.1 million from €2.7 million in H1 last year. The net result shows a loss of €2.5 million (€14.2 million in H1 2020). Lowa, Rollerblade and ...
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News briefsSuperfeet presents new softer insoles for running
Superfeet has unveiled its Adapt Run collection of insoles, an evolution of Superfeet technology as the new product is more soft and flexible, as opposed to the known firm feel of the brand’s insoles. The new cushioned outsoles, designed for runners who want a comfortable stride and insoles that adapt ...
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News briefs
Velocio partners with Renewal Workshop
After partnering with Apidura in the UK and other affiliates in Europe and Canada for product repairs, Velocio, a U.S. cycling apparel manufacturer based in New Hampshire, has now announced its partnership with The Renewal Workshop to offer revived items and a source for customers to renew used Velocio apparel ...
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News briefsGermany might change criteria for Covid restrictions, no lockdowns for the vaccinated
According to media reports, German health minister Jens Spahn wants to present a proposal for a legislative change before the federal election (Sept. 26) to remove the seven-day incidence as a criterion for measures to combat the Covid-19 pandemic. In view of the changed situation due to the number of ...
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News briefs
Isbjörn promotes Maria Eklind Enström to content manager
Swedish children’s outdoor brand Isbjörn of Sweden has appointed its former customer service employee, Maria Eklind Enström, as its new content manager. The newly created position is part of the company’s ongoing digital and e-commerce strategy. Prior to Isbjörn, she worked as a buyer at J.Lindeberg for eleven years and ...
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News briefsBig Agnes receives RDS brand certification
After purchasing certified down for all of its sleeping bags and apparel for years and an intensive audit including a physical visit of the brand’s facilities and products in its Salt Lake City distribution center, U.S. outdoor equipment brand Big Agnes announced that it has officially received its Responsible Down ...
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News briefsRose Bikes fills two new management positions
German DTC bicycle supplier and omnichannel retailer Rose Bikes GmbH has created and filled two new management positions at its headquarters with Fabian Loest and Uwe Schmäing. While Schmäing has been responsible for the continuous optimization of purchasing on the employee and customer side as well as the overarching systematization ...
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ArticleOn Holding files registration for IPO
On Holding, the Swiss company that owns On, the performance brand specializing in running and trail running founded in Zurich in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ...
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ArticleAnta’s profits more than double in H1, Amer bounces back
Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. In addition to a surge in demand related to the Xinjiang issues, e-commerce ...
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News briefsNew GM for the Norwegian branch of Fenix Outdoor
Kyrre Ufert Lømo is the new general manager of Fenix Outdoor Norway AS. Lømo has more than 10 years of experience in sports marketing, multichannel business development and communications, and most recently spent 2.5 years at Columbia Sportswear as regional director for the Nordic and Baltic countries. The Norwegian subsidiary ...
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News briefs
2021 Ironman World Championship Hawaii postponed to February 2022
This year’s Ironman World Championship in Hawaii has been postponed due to the resurgence of the Covid-19 pandemic and a new Delta variant on the island. The triathlon event, which was due to take place on Oct. 9, has now been rescheduled to Feb. 5, 2022. The organizers said they ...
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News briefs
Spartan invests in the Highlander hiking event series
Spartan, the endurance sports and extreme wellness brand, has invested and formed a strategic partnership in the long-distance hiking event series Highlander. The partnership is meant to support the growth of Highlander, which currently holds events in 13 countries, while also expanding Spartan’s “tough fitness” portfolio into adventure hiking. Croatian-based ...
