All Outdoor Industry Compass articles in Volume 14, Issue 16+17 – Page 5
-
News briefsOberalp group sets focus on chemicals, circularity and social responsibility
Italian Oberalp group (owner of brands Salewa, Dynafit, Pomoca, Wild Country, Evolv and LaMunt) has released its annual sustainability report “Contribute” for 2020. Setting a focus on chemical safety, human rights and circular economy, the report highlights achievements made in the last year and news from within the group, such ...
-
ArticleIncreased demand helps Johnson Outdoors reel in higher sales, profits
Johnson Outdoors reported a rise in third-quarter sales and profits driven by a continued recovery in fishing, camping and water recreation. At the same time, diving also showed signs of a turnaround as Covid-19 travel restrictions were further eased. Total company net sales for the three months to July 2 ...
-
News briefs
U.S. start-up launches battery-heated clothing
H.E.A.T. (Heated Electronic Active Technology) , a start-up based in Great Falls, Montana, has launched a new line of technologically advanced heated gear that is said to have the potential to revolutionize the winter apparel industry. The H.E.A.T. One-Layer smart system combines advanced textiles, smartphone technology and custom, ...
-
News briefs
Amazon and GoPro file lawsuit against counterfeiters of camera accessories
Amazon and GoPro on Aug. 9 issued a jointly filed lawsuit against seven individuals and two companies for counterfeiting popular GoPro camera accessories, including “The Handler” floating grip and “3-Way” grip, extension arm and tripod mount. The defendants attempted to offer the counterfeit products on the Amazon store in violation ...
-
ArticleGoPro posts 86% revenue growth in Q2
GoPro saw revenues increase by 86 percent to $250 million in the second quarter ended June 30, up from $134 million in the second quarter of 2020. The number of GoPro subscribers jumped by 211 percent to 1,160,000, and the company expects to exceed 1.7 million subscribers by the end ...
-
ArticleWeyco sees potential in Forsake, benefits from renewed dress shoe demand
Glendale, Wisconsin-based Weyco Group reported net sales of $57.6 million in the group’s second quarter of 2020, which ended June 30, compared with $16.6 million a year earlier, when sales were severely impacted by the pandemic outbreak. Sales were down about 5 percent from the second quarter of 2019, with ...
-
News briefsSkipass show in Modena confirmed as a physical event this autumn
After the cancellation of the event in 2020 due to the Covid-19 crisis, Skipass, the Italian consumer show for winter sports and tourism, will take place in Modena from Oct. 29 to Nov. 1 as a physical event. The show, organized by ModenaFiere, targets tour operators, managers of winter resorts, ...
-
ArticleDorel posts ninth consecutive quarter of sales growth despite supply chain problems
Canadian conglomerate Dorel Industries Inc. continues to ride the wave of success, not only but mainly due to best results of its bicycle products-selling Sports Division and its Juvenile Division. In the second quarter of the current fiscal year 2021, the group increased its sales by 5.7 percent to $764.99 ...
-
News briefsTrek launches e-commerce program in Germany and Austria
U.S.-based Trek Group began offering German consumers the ability to access its extensive product portfolio through its website on Aug. 2. Starting Aug. 25, the virtual offering, which also includes the German bicycle brand Diamant and the parts and accessories brand Bontrager , will be expanded to consumers ...
-
News briefs
Teijin raises corporate CO2 reduction targets
As awareness of climate change issues rises in its home country of Japan, Tokyo-based Teijin Limited has announced stricter targets for reducing CO2 emissions from its own operations and the company’s entire supply chain starting in July 2021. The target for fiscal 2030 has been raised to 30 percent, ...
-
ArticleGiant with strong H1 figures, production to be expanded with factory in Vietnam
Despite supply bottlenecks, container shortages and unfavorable exchange rates, Taiwan’s leading bicycle manufacturer Giant Group reported total consolidated sales of 41.99 billion Taiwan dollars (€1.28bn-$1.51bn) in the first half of fiscal 2021, thanks to unabated demand. Compared to the first six months of the previous year, this is an increase ...
-
News briefsMerida reports double-digit sales growth in first half of 2021
While Taiwan’s leading bicycle producer Giant Group communicates its half-year sales and profit, Taiwan’s second-largest bicycle producer Merida Inc. Co. Ltd. has only officially published its monthly value-based sales figures for the first half of the year. Merida achieved unit sales growth of only 15.11 percent in April, ...
-
News briefs36 products receive a Eurobike Award
After the event had to take a break in 2020 due to the Covid-19 pandemic, the six-member expert jury of the Eurobike Awards 2021 has now selected 36 winners from 246 products submitted from 30 countries for nine categories. The exceptional innovation performance of 7 products was additionally rewarded with ...
-
News briefs
Italian Outdoor Group to further reinforce presence at Outdoor&Running Business Days
The Italian Outdoor Group (IOG) is further reinforcing its presence at the Outdoor&Running Business Days, the Italian trade show on outdoor and running, of which IOG is a partner. At the 2021 event, the IOG will have a dedicated 100-square-meter networking area located at the heart of the exhibition village ...
-
Short stops
Short Stops Week 32, 2021
TRADE SHOW & EVENTS +++ The organizers of La Ruta, the mountain bike stage race that traverses Costa Rica coast to coast, have announced the event’s expansion into Europe, the first region in its targeted global growth +++ The Ironman Group, in conjunction with Travel Juneau, has announced that Juneau, ...
-
News briefsSRAM Group integrates Time Sport into its international distribution network
Last February, U.S.-based component manufacturer SRAM Group acquired the pedal business, including all related patents, from French manufacturer Time . Following the completion of a pedal manufacturing facility in Coimbra, Portugal, SRAM Group has now updated the list of global distributors for its pedal business, which now operates under ...
-
ArticleFourth consecutive record quarter for Fox Factory
U.S.-based suspension specialist Fox Factory Holding Corp. posted significant gains in both revenue and profit in the second quarter of fiscal 2021 compared to the same quarter last year. In addition, this year’s second quarter was not only the company’s fourth consecutive record quarter, but also surpassed the $1 billion ...
-
News briefsLatest #itsgreatoutthere grants revealed
The It’s Great Out There Coalition has announced details of the successful applicants for the first round of #itsgreatoutthere grants in 2021. Launched in 2017, the #itsgreatoutthere grant program supports community-based projects that bring new participants into the outdoors, with a particular focus on younger and diverse ...
-
News briefsArdian invests in YT Industries
On Aug. 3, Ardian, a leading global investment firm based in Paris and majority-owned by its employees, officially announced that it would support German DTC mountain bike provider YT (“young talent”) Industries GmbH. While the financial terms of the deal were not disclosed, the use of the additional cash infusion ...
-
News briefs
Columbia's VP of global omnichannel leaves the company
Columbia Sportswear announced that Franco Fogliato, executive vice president, global omnichannel since Nov. 2020 and executive VP and general manager Americas for the group since 2017, has informed the company of his intention to leave after a short transition period ending Sept. 3, 2021. Fogliato joined Columbia Sportswear in 2013 ...
