All Outdoor Industry Compass articles in Volume 14, Issue 21
View all stories from this issue.
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ArticleColumbia lowers FY sales outlook, raises earnings forecast as Q3 sales miss
Columbia Sportswear has lowered its sales outlook for the year but raised earnings forecasts, despite weaker than expected third-quarter revenue due to supply-chain issues. Sales for the quarter rose to $804.7 million from $701.1 million a year earlier and against forecasts of $862 million. Net income beat expectations at $100.6 ...
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PDF NewsletterOutdoor Industry Compass: Vol 14 - No 21
VF maintains FY outlook despite supply chain issues limiting Q2 sales growth | Columbia lowers FY sales outlook, raises earnings forecast as Q3 sales miss | Fenix says Germany recovery underway but warns of supply-chain issues | Thule sees gains in RV products and carrier systems | Dometic Q3 sales growth gets a boost from M&A as supply chain problems persist | Shimano’s bicycle segment up 30%, raises forecast | Mips posts solid growth in Q3 despite supply chain challenges | Unifi with strong Q1 | Bike-Components joins forces with brick-and-mortar retailers | HeiQ unveils high-performance cellulose yarn derived from carbon-negative materials | Tecnica rolls out ski boot recycling project in eight countries | Kathmandu Holdings publishes 2021 sustainability report | VF releases sustainability and responsibility report “Made for Change” | Revised ISPO Awards with four judging dates per year
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ArticleFenix says Germany recovery underway but warns of supply-chain issues
Fenix Outdoor has reported a rise in third-quarter sales and earnings but warned that global supply chain issues and Covid outbreaks in some of its manufacturing locations were still posing problems. The company also said it aimed to manufacture up to 20 percent of its own products by acquiring or ...
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News briefsMichael Jakob hired as Deuter head of international sales
Source: Deuter Michael Jakob After leaving PrimaLoft in June 2020 after more than six years as VP of business development Europe, Michael Jakob – as the company has just officially announced – has taken over the position of head of international sales at Deuter in Gersthofen, Germany, ...
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News briefsNew Hervis Sports shop in Bischofshofen, Austria
Hervis Sports has opened a new door in Bischofshofen, Austria. The 800-square-meter shop is located in a shopping center and equipped with click-and-collect options as well as service features like a 3-D foot analysis and insole configuration point. The new store is built with the latest Hervis POP system and ...
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News briefsSolo Brands announces IPO pricing
Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, today announced the pricing of its initial public offering of 12,903,225 shares of its Class A common stock at a price to the public of $17.00 per share. In addition, the company has granted ...
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News briefs
Scarpa with profit, forecasts 15% growth for 2021
Italy’s outdoormag.it reports that Italian footwear and outdoor specialist Scarpa ended 2020 on a positive note, with sales up about 3 percent compared to 2019. CEO Diego Bolzanello told the publication, “We expect further growth in 2021, both in the domestic and foreign markets,” estimating it at 15 percent. Despite ...
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News briefsLenzing gets confirmation of its fibers‘ biodegradability by marine institute
Source: Scripps Lenzing Group, the Austria-based provider of branded ingredients Tencel, Lenzing Ecovero and Veocel, has just received new scientific proof of its product’s biodegradability. Results of experiments conducted by the University of California’s Scripps Institution of Oceanography (SIO) in San Diego published in October confirmed that ...
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News briefsWeSports continues shopping spree
Following its recent acquisition of Finnish water sports equipment supplier Finwake in September, WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has completed another acquisition, this time of retailer Pölder Sport AB. Founded in 1990, Pölder Sport ...
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ArticleMips posts solid growth in Q3 despite supply chain challenges
Swedish company Mips reports that its third quarter built on the very good growth seen earlier in the year. The specialist in “brain protection” helmet technology reported that net sales increased by 81 percent to 185 million Swedish kronor (€18.6m-$21.7m) compared to SEK 120 million in Q3 last year. Organic ...
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ArticleShimano’s bicycle segment up 30%, raises forecast
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere. Bicycle dealers’ inventories are still ...
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ArticleGfK reports mixed consumer sentiments in October survey for Germany
In its latest study conducted among 2,000 Germans, GfK reports a mixed picture of consumer sentiment in October. The propensity to buy increased again, while economic and income expectations declined. As the propensity to save is also falling noticeably, GfK forecasts a consumer climate of 0.9 points ...
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ArticleHeiQ unveils high-performance cellulose yarn derived from carbon-negative materials
Swiss ingredients brand HeiQ unveiled what it calls a potential game-changer for the textile industry on Oct. 26 in a digital presentation. HeiQ AeoniQ is a high-performance cellulose yarn derived from a wide range of natural, carbon-negative sources, including wood pulp and algae. The new fiber is currently advancing to ...
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News briefsTextile Exchange and TextileGenesis pilot new industry tracking program
After a year of collaborative development, nonprofit organization Textile Exchange and traceability platform TextileGenesis are piloting a new industry tracking program called eTrackit. The new digital system for granular traceability creates material accounting of certified materials at the article level across the supply chain, enabling peer-to-peer validation and leveraging third-party ...
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ArticleVF releases sustainability and responsibility report “Made for Change”
Focusing on the three areas ”people, planet and product”, VF Corp., with its group of brands, has just released its fourth sustainability and responsibility report, titled ”Made for Change.“ Highlights of the report include: People: In FY2020, roughly 290,000 people were supported via VF’s worker and community development program. ...
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News briefsCake opens first showroom/service center in Stockholm
Swedish electric motorcycle manufacturer Cake, a member of SOG, is opening its first-ever CAKEsite on Oct. 27, a combination showroom, retail, test ride and service center where customers can physically explore, touch and feel the bikes, take test rides or have their bikes serviced. The new CAKEsite:Stockholm is located next ...
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News briefsVF appoints new VP investor relations
Source: VF Corp Allegra Perry VF Corp. has appointed Allegra Perry to the position of vice president, investor relations, effective Jan. 2022. She will report to VF’s chief financial officer, Matt Puckett, and work closely with the group’s executive leadership team and executives across the company’s 12 ...
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News briefsAcquisition of Igloo completed
On Sept. 17, Swedish company Dometic announced that it has entered into an agreement to acquire Igloo, the Texas-based manufacturer of passive coolers and drinkware for the outdoor market, from private equity group ACON Investments. The closing of the transaction was subject to certain regulatory approvals, which have now been ...
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News briefs
Dakine with new distribution for Germany, Austria
Dakine, founded in Hawaii in 1979 and headquartered in Oregon, has been working exclusively with Stuttgart-based Trade Art Distribution GmbH as its sales partner for Germany/Austria since Oct. 1, 2021. The agency is led by long-time business professionals, managing directors Hardy Tunnissen and Heiko Grelle, supported by new sales manager ...
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News briefs
3M defies supply chain issues, raises guidance moderately
Announcing results for its Q3 2021 ended Sept. 30, U.S.-based conglomerate corporation 3M said sales increased 7.1 percent year-over-year to $8.9 billion. Total sales increased 8.1 percent in consumer products, 7.2 percent in safety and industrial, 5.8 percent in transportation and electronics and 4.1 percent in healthcare. On a geographic ...
