All Outdoor Industry Compass articles in Volume 14, Issue 22 – Page 2
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Short stops
Short Stops Week 45, 2021
PRODUCT & MARKETING +++ Burton’s latest AK snowboard apparel line is made with Gore-Tex materials, has received Bluesign certification and is said by the brand to “combine waterproofing and breathability with style” +++ Outdoor companies Vaude, Patagonia and Columbia Sportswear as well as sporting goods manufacturers Nike and Hummel ...
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News briefsMacNeill Pride Group continues shopping spree, acquires Rightline Gear
The Nashville-based MacNeill Pride Group (MPG) has acquired Rightline Gear, a U.S. specialist for truck tents, car top and paddlesport carriers. Founded in 2009, Rightline Gear was formed from the brands Piggy Pack, PackRight, CampRight and Lakelandgear. It is distributed both DTC and via retailers like REI, Dick’s Sporting Goods, ...
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News briefs5.11 files for stock market listing
5.11 ABR Corp., the U.S. company previously called 5.11 Tactical, has filed an S-1 with the U.S. Securities and Exchange Commission to publicly offer its shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The company intends to ...
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ArticleBlack Diamond’s 20% gains help Clarus post higher Q3 sales
Clarus Corp. reported a jump in net earnings on an adjusted basis of 97 percent to $4.53 million in the third quarter ended Sept. 30, as sales grew by 69 percent to a record $109.0 million, with a 67 percent gain in constant currencies. On a pro forma basis, including ...
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News briefsJack Wolfskin and Lenzing launch new 3L laminate with Tencel face fabric for shells
Austrian cellulose fiber specialist Lenzing and German outdoor brand Jack Wolfskin have developed a three-layer laminate containing a Tencel Lyocell face fabric, a Texapore Ecosphere membrane (Jack Wolfskin’s own branded technology), and a knitted liner made from recycled polyester. The laminate called Texapore Ecosphere Lyocell 3L claims to be fully ...
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News briefsWP Lavori invests in heritage outdoor brand Filson, takes over distribution and licensing in Europe
WP Lavori in Corso, a Bologna-based retailer, brand building and licensing company, has invested a 10 percent share in the brand and retailer Filson after signing a distribution and licensing agreement previously in 2020. WP Lavori is a luxury lifestyle company specializing in the distribution and building of heritage brands ...
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News briefsJack Wolfskin restructures sales management, promotes el Mahmoud to GM Commercial Europe
Jack Wolfskin has created a new sales management structure to ensure the coordinated alignment of wholesale, retail and digital strategies for its European operations. Jack Wolfskin veteran Natascha el Mahmoud fills the new position of general manager commercial Europe. El Mahmoud, who has been with the company since 2002, most ...
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News briefsEY honors von Dewitz with Entrepreneur of the Year Award
EY Germany, part of the globally active audit and advisory group Ernst & Young Global Limited (EYG), has awarded Antje von Dewitz, CEO of German brand Vaude, with the EY Entrepreneur of the Year Award. The award was given out for the 25th time to the best owner-managed medium-sized companies ...
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ArticleYamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
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ArticleGerman bicycle companies develop charter for a sustainable industry
For more than a year, a committee of six German bicycle companies developed an action plan for resource conservation, sustainability and climate protection around the products and services of the bicycle industry. At the end of October, 23 decision-makers adopted the “Bike Charta for Sustainable Business” at a meeting of ...
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News briefsGlobetrotter expands second-hand sales ahead of Black Friday, now also available online
German outdoor retail chain Globetrotter, part of Frilufts Retail Europe, a subsidiary of Fenix Outdoor International, is once again hosting its ”Greener Week” from Nov. 22-27. For the fourth year in a row, the outdoor retailer is thus offering a range of sustainable alternatives to Black Friday’s unsustainable low-price sales ...
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ArticleLess growth for Giant Group in Q3
With strong global demand for bicycles and e-bikes, Taiwan-based bicycle manufacturer Giant Manufacturing Company Ltd reports that its global production facilities are fully loaded with orders, supporting the company’s revenue and profit growth. For the first three quarters of fiscal 2021, the company reported record sales of 61.94 billion Taiwan ...
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ArticleCanada Goose with strong momentum, improves guidance
Canada Goose reported an improved gross margin and a lower operating margin on a 19.6 percent increase in revenues to 232.9 million Canadian dollars (€161.9m-$187.1m) for its second quarter ended Sept. 26. Excluding the exceptional revenues from personal protective equipment recorded in the same period a year ago, comparable sales ...
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ArticleSports & Leisure pull Craft's parent forward, Nordics and U.S. recover
The Swedish-based New Wave Group, which owns brands like Craft and Cutter & Back, reported record third-quarter profits as sales closed in on pre-pandemic levels, driven by a recovery in the Nordic countries and the U.S. The group’s Sports & Leisure division, which includes Craft, saw sales rise by ...
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ArticleGoPro says Christmas sales won’t be hit by supply crisis after stellar Q3 results
Action camera maker GoPro said it did not expect Christmas sales to be hit by supply-chain constraints as it reported better-than-expected third-quarter results. The company posted a net profit of $311.8 million, up from $3.3 million a year ago. Revenue grew 13 percent to $317 million against GoPro’s own estimates ...
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ArticleOn to make running shoes from carbon waste
Swiss sports brand On, following its IPO in New York in mid-September, has announced a shift away from petroleum-based resources with the development of a new foam material called CleanCloud™. CleanCloud is made from carbon emissions as a raw material. On is the first company in the footwear industry to ...
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ArticleDorel Sports Q3 revenues slip as supply-chain constraints bite
Dorel Industries said third-quarter revenue at its Dorel Sports segment fell slightly on supply-chain disruption and parts shortages, leading it to lower fourth-quarter expectations for the group as a whole. The company, which last month agreed to sell Dorel Sports to Pon Group for $810 million, said revenue at the ...
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ArticleInventory overload affects Rocky Brands’ Q3
In the period ended Sep. 30, U.S. footwear company Rocky Brands reported “temporary fulfillment challenges” and a doubling in operating costs to $44.2 million. The increase in expenses was driven primarily by integrating the brands The Original Muck Boot Company, Xtratuf, Servus, NEOS and Ranger acquired in March for $230 ...
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ArticleVista Outdoor on target as Q3 earnings beat expectations
U.S.-based Vista Outdoor has reported better-than-expected third-quarter revenue, driven by growth in its shooting and outdoor segments as the recreation boom sparked by the Covid-19 pandemic shows no sign of slowing. Revenue for the three months to September 26 rose 35 percent to $778.5 million against forecasts of $723.3 million. ...
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ArticleCovid-led demand for anti-microbial products powers Polygiene Q3
Polygiene reported a 129 percent rise in third-quarter net sales to a record 52.3 million Swedish kronor (€5.2m-$6.1m) as the Covid-19 pandemic drives demand for anti-microbial products. Operating earnings before interest and tax in the three months to Sept. 30 soared to SEK 15.7 million (€1.59m-$1.8m) from SEK 2.4 million ...
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