All Outdoor Industry Compass articles in Volume 14, Issue 16+17 – Page 6
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ArticleYeti raises FY outlook as Q2 sales grow 45%
Yeti, the U.S. producer of coolers, drinkware and other outdoor gear, saw second-quarter sales rise by 45 percent to $357.7 million. DTC sales increased by 48 percent to $196.9 million and represented 55 percent of the sales pie, up from 54 percent the year earlier. Wholesale sales increased by 41 ...
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News briefsSRAM Group expands its European marketing team
Source: SRAM Moritz Dittmar SRAM Group’s European marketing department has hired two new employees. On Aug. 1, industry returnee Moritz Dittmar officially succeeded Maximilian Topp as MTB communications coordinator for Northern Europe. Dittmar has several years of experience in the cycling media landscape. Most recently, he worked ...
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News briefsBombtrack partners with Columbia for technical off-road adventure shirts
U.S. outdoor outfitter Columbia Sportswear and German off-road bike outfitter Bombtrack Bicycle have teamed up to create a line of technical shirts for gravel and adventure bikers. The two travel shirts, “Rover” and “Wanderlust,” were officially unveiled Aug. 4 and are now available exclusively from Bombtrack IBDs in the European ...
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News briefsLenzing Q2 sales rise 27.5%
Lenzing , the Austrian specialty fiber producer, saw revenues in the first half of 2021 increase by 27.5 percent to €1,033 million, as growing optimism in the textile and apparel industry and an ongoing recovery in retail spurred an increase in demand and prices on the global fiber market. ...
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ArticleGfK Market Monitor Switzerland: Outdoor and camping with substantial growth in Q2
The GfK Market Monitor on the Swiss retail trade in cooperation with more than 40 major Swiss retailers, which account for around 40-50 percent of total retail sales in Switzerland, closes the first half of 2021 with a plus of 5.9 percent. The result is mainly due to double-digit growth ...
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ArticleNew acquisitions help Rocky Brands stride forward in Q2
Rocky Brands reported a 60 percent rise in second-quarter earnings as incremental sales from Muck Boot, XTRATUF, Servus, Neo and Ranger brands acquired from Honeywell in March made a healthy contribution to revenues. Net income rose to $3.89 million from $2.44 million in the three months to June 30 as ...
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ArticleWeather chaos in China and Europe results in more supply chain disruptions
Floods in Germany, the Netherlands, Belgium and China have caused disruptions in supply chains. The natural disasters paralyzed road, rail and sea traffic, putting deliveries ahead of the winter holidays at risk. According to preliminary estimates, the cost of restoring railroads in European countries will be up to $4 billion. ...
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News briefsTaipei Cycle 2022 goes hybrid
It’s probably rising case numbers in the country that has had a comparatively good grip on the Covid-19 situation so far that have already prompted the organizer of the Taipei Cycle Show (TCS) to make the following decision: Next year’s bicycle show will be held as a hybrid event. After ...
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ArticlePurchase decisions: YouGov study sees animal welfare topics on the rise
According to a new study initiated by animal welfare organization Four Paws and executed by YouGov, there is a significant increase in awareness and sensibility among consumers worldwide regarding the use of animal products for fashion since the outbreak of the Covid-19 pandemic. There is a measurable ...
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News briefsCoDi completes sale of Liberty Safe
Compass Diversified (CoDi), owner of various brands, including thriving Boa Fit technology since October 2020, today announced that it has completed the sale of its majority-owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc. to an affiliate of Monomoy Capital Partners. The Westport-based ...
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News briefsLife Time Acquires U.S. bicycle festival Sea Otter Classic
As the world-famous Sea Otter Classic bicycle festival is entering its 31st year, an important change was officially announced on Aug. 3. The festival, traditionally held at the birthplace of mountain biking in Monterey, California, has a new owner with U.S.-based Life Time Inc. No details were given about the ...
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ArticleEOG State of Trade: Outdoor wholesale value drops 9.5% in 2020
The European Outdoor Group ( EOG ) has provided an update to its State of Trade (SoT) market research program with the latest figures on the Outdoor market for 2020. The sales figures highlight the impact that the Covid-19 pandemic had on the sector last year. According ...
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ArticleColumbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”
Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a ...
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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News briefs
Unesco supports global observatory for gender equality in sport
The canton of Vaud, the City of Lausanne and the University of Lausanne have been designated by the Swiss Federal Department of Foreign Affairs to ensure the creation of a new Global Observatory for Women, Sport, Physical Education and Physical Activity. The observatory has been established as an incubating association, ...
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News briefsPrana to officially reach plastic-free packaging goal this fall
Carlsbad-based company Prana , owned by Columbia Sportswear , announced that it will be 100 percent plastic-free in its packaging solutions. The brand had launched the Responsible Packaging Movement (RPM) a year ago, a program developed to support an industry-wide change to sustainable packaging options. For many years, ...
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News briefsSquare acquires Afterpay in $29bn all-stock deal
The American fintech Square has reached an agreement to buy the Australian firm Afterpay in an all-stock deal with an implied value of about $29 billion based on Square’s share price on July 30. Afterpay specializes in buy now, pay later (BNPL) services. The transaction is expected to close in ...
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News briefsPaddle Days take over PaddleExpo’s legacy in September
A new trade show for paddlesports, Paddle Days (“Kanu Ordertage”), will be held in Kassel, Germany, on Sept. 25 and 26, 2021. The trade show, organized by Prowave on behalf of the German Canoe Association (BV Kanu), is considered a continuation of the defunct PaddleExpo and aimed at manufacturers and ...
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News briefs
Woolrich revives “The Woolrich Woman” from the 1980s with Daniëlle Cathari
Woolrich is reviving its 1980s label “The Woolrich Woman” with Daniëlle Cathari, the Dutch designer known for playing with “complementing contrasts” and deconstructing and reconstructing fashion norms through design. Cathari’s first collection for Woolrich will launch on Sept. 24 for autumn/winter 2021. It will comprise outerwear, knitwear and accessories. The ...
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ArticleAfter strong Q2, Wolverine again raises full-year outlook
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony , on which the group has been investing more ...
