All Outdoor Industry Compass articles in Volume 14, Issue 22
View all stories from this issue.
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News briefsCanadian Tire says it defies supply chain issues
Global supply chain problems won’t leave Canadian Tire Corp. Ltd.’s shelves empty this holiday season, the company said in releasing its third-quarter numbers. While material and semiconductor shortages, Covid-19 factory closures and port backlogs are hampering many companies, Canadian Tire’s CEO Greg Hicks said his company’s supply chain is prepared ...
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News briefsDometic aquires mobile power specialist NDS Energy
Swedish company Dometic continues to make acquisitions and has agreed to buy Italy’s NDS Energy, a provider of outdoor mobile power solutions. NDS Energy’s products are sold across several countries in Europe, including to more than 200 dealers in Italy. Net sales of NDS for the last 12 months amounted ...
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PDF NewsletterOutdoor Industry Compass: Vol 14 - No 22
Wolverine breaks even, but Q3 sales impacted by supply chain issues | Callaway Golf raises guidance, Jack Wolfskin performs better than expected | German bicycle companies develop charter for a sustainable industry | On to make running shoes from carbon waste | COP26: Fashion industry boosts climate ambitions with renewed charter | RevolutionRace nearly doubles turnover in Q1, German sales up 156% | Good first semester for stock market newcomer USWE despite delivery problems in Q2 | Black Diamond’s 20% gains help Clarus post higher Q3 sales | Less growth for Giant Group in Q3 | Canada Goose with strong momentum, improves guidance | Sports & Leisure pull Craft’s parent forward, Nordics and U.S. recover | Dorel Sports Q3 revenues slip as supply-chain constraints bite | GoPro says Christmas sales won’t be hit by supply crisis after stellar Q3 results | Inventory overload affects Rocky Brands’ Q3 | Vista Outdoor on target as Q3 earnings beat expectations | Covid-led demand for anti-microbial products powers Polygiene Q3 | Weyco sees improvement in supply situation in Q4 | Lenzing with strong operating result despite higher energy, material and logistics costs | Q3 sales at Newell Brands’ outdoor unit up 2.1% | Deckers’ Q2 sales up 16% thanks to Hoka, while margins pressured by supply chain | Polartec Apex Award winners 2021 range from startups to global giants | SBTi launches new Net-Zero corporate standard | Emerald opens debate on the future of (OR) trade shows
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News briefsYeti posts double-digit sales increase in Q3
Yeti, the U.S. brand of coolers, drinkware and other outdoor gear, reported that third-quarter net income rose 3 percent to $52,967,000 from $51,445,000. Sales were $362,643,000, up 23 percent from $294,603,000. This includes a 31 percent increase in the DTC business. The DTC channel of $197.1 million accounted for 54 ...
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ArticleWolverine breaks even, but Q3 sales impacted by supply chain issues
Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the acquisition of Sweaty Betty in August and the strong performance of its Saucony brand. However, the management said that supply chain ...
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News briefsHoudini launches new circular softshell series made from Teijin Octa fabrics
Swedish brand Houdini has launched a new series of wind and water-resistant softshell jackets and pants for men and women called Pace, which is made in Portugal, utilizing Octa C9, a new lightweight softshell material made by Teijin in Japan. The Octa fiber technology is based on ...
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News briefsSchwan-Stabilo calls on employees worldwide to become socially involved through sport
The Schwan-Stabilo Group, which owns the brands Deuter, Maier Sports, Ortovox and Gonso, has called on all its employees worldwide to cover a distance of 60,000 km – the distance between all company locations added together, and a total of 1.5 times around the world – virtually together in sports. ...
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News briefsFenix Outdoor sells Brunton
Fenix Outdoor announced that it has sold its Brunton business to David and Lauren Heerschap, two longtime employees of Brunton Outdoor Inc. in the U.S. Brunton is a manufacturer of equipment for navigation for various professional users and persons active in outdoor life, mainly in North America. The company commented ...
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ArticleGood first semester for stock market newcomer USWE despite delivery problems in Q2
For the second quarter of 2021, ended Sept. 30, Swedish company USWE Sports AB, which was founded in 2007 and went public on the Nasdaq First North Growth Market on June 24 this year, reported an increase in net sales to 12.8 million Swedish kronor (€1.28m-$1.46m). Operating income before depreciation ...
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News briefsGerman retailer Bergzeit donates €15,000 from special sales to social projects
Following the recent adoption of its climate targets for the next few years, German retailer Bergzeit has held its yearly special sale of returned and sample goods in October 2021 at its store in Gmund, Germany. With the commercialization of otherwise unsellable merchandise, Bergzeit supports three social organizations in the ...
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News briefs
Wildberries installs first branded pickup points outside Russia
Russian e-commerce giant Wildberries has launched pickup points in Belarus, Armenia and Kazakhstan to increase brand awareness in these markets. The company began opening its first branded collection points in Russia in September 2020 and now has over 8,500.
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ArticlePolartec Apex Award winners 2021 range from startups to global giants
The Milliken & Company brand Polartec has just announced the winners of its 2021 Apex Design Awards for creative use of the company’s fabrics and design. Every year, a panel of expert judges selects the most outstanding products made with Polartec fabric technologies. The list of winning products represents the ...
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News briefsEndura’s tree planting project passes two-million mark in Africa, plants new forest in Scotland
Claiming to be still ahead of target, Endura has just reported new numbers of its One Million Trees project. By now, there were two million trees planted in a degraded mangrove forest in Mozambique, which is providing employment for the local community and helps offset the company’s carbon footprint. Additionally, ...
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ArticleCallaway Golf raises guidance, Jack Wolfskin performs better than expected
Callaway Golf raised its guidance for the full year once again, after revenues in the third quarter increased by 80.1 percent as compared to the year-earlier to $856.5 million, continuing to benefit from the addition in March of Topgolf and a better-than-expected contribution to its top line from golf equipment ...
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News briefsFirst Arc’teryx ReBird Service Center opens in New York
Arc’teryx has opened the first ReBird™ Service Center in its brand-new New York City store location on Broadway. As the brand’s sixth store in New York, the Broadway location is the first of its kind to offer Arc’teryx retail sales as well as free product evaluation, on-site care and training, ...
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News briefsDecathlon Germany unveils ambitious business plan, with cycling and outdoor as key pillars
According to its just-launched 2022 to 2026 business plan, Decathlon Germany aims to more than double its sales to a total of €2.5 billion by 2026. To achieve this, the company wants to transform itself from a specialist sports retailer to a holistic sporting goods platform, according to information from ...
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News briefsBerghaus Adapts aims to make the outdoors more accessible to all
British outdoor brand Berghaus has announced details of a new initiative that supports the company’s vision that the outdoors should be accessible to all. Working closely with paraplegic Ed Jackson, a former professional rugby player who fractured multiple vertebrae in his spine in 2017, the brand has launched Berghaus Adapts ...
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ArticleCOP26: Fashion industry boosts climate ambitions with renewed charter
A group of companies from the broader fashion industry has released a new Fashion Industry Charter for Climate Action with updated science-based emissions reduction targets at the Glasgow Climate Conference (COP26). The new commitment includes a decarbonization plan that is consistent with the Paris Agreement targets to limit global temperature ...
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News briefsGOA launches nonprofit trade association for independent U.S. retailers
The Grassroots Outdoor Alliance has launched a new nonprofit trade association to share and collect data and support mid-sized, independent American outdoor retailers within the industry. The new Indie Outdoor group is open to all brands and organizations in the U.S. that serve the independent outdoor industry, including rep groups ...
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ArticleRevolutionRace nearly doubles turnover in Q1, German sales up 156%
RevolutionRace (RVRC) saw sales in the first quarter of its fiscal year jump by 95 percent from the year earlier to 254.2 million Swedish kronor (€25.6m-$29.7m), supported by continued demand for multi-functional garments and led by a stellar performance in Germany. On a constant currency basis, sales increased by 98 ...
