All Outdoor Industry Compass articles in Volume 14, Issue 9
View all stories from this issue.
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Data & AnalysisHow outdoor and sports companies are dealing with Brexit
The European Parliament voted on April 27 to approve the agreement signed by the British government and the EU on Christmas Eve to regulate trade relations after the U.K.’s official exit from the European Single Market on Jan. 1. It’s been hard for the companies in our sector, especially ...
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ArticleMips Q1 sales boosted by strong demand for bike helmets
When bicycle sales pick up in times of pandemic, Sweden’s Mips AB and its Brain Protection System ( BPS ) helmet technology are also in the front row. The first quarter of the year – usually the company’s smallest quarter – was the fourth-largest in company history ...
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PDF NewsletterOutdoor Industry Compass: Vol 14 - No 9
U.K. investment firm to acquire Mammut | Mixed results for Fenix Outdoor | The North Face plans 100 percent sustainable face materials by 2025 | WeSports acquires Nordic Outdoor & Sports Group | Helen of Troy reports strong Hydro Flask sales | New Wave posts Q1 profit | Mips Q1 sales boosted by strong bike helmet demand | Moncler with double-digit sales growth in Q1 despite setbacks in Europe | Shimano continues to perform well in Q1 | Dometic acquires Valterra Products | Canada Goose sees itself well on track to achieve sustainability goals | Mavic Group 2021 overview includes clear roadmap for the future | Two new RTE bike factories, new target groups
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News briefs7Mesh opens distribution center in the U.K.
To ensure that orders for U.K. retailers and consumers continue to arrive faster, easier and without customs formalities, Canadian premium bikewear supplier 7mesh Industries (a. k.a. 7mesh Cycling Apparel) has announced the opening of a new distribution center “for post-Brexit shipping and service.” Working with its international logistics partner, Tigers ...
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News briefs
SCS launches new global Zero Waste Standard
SCS Global Services ( SCS ), a specialist in third-party environmental and sustainability certification and standards development, has announced the launch of its new Zero Waste Standard . Companies can use this new global certification standard to communicate the degree to which their waste streams are prevented, reused, or diverted ...
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ArticleNew Wave posts Q1 profit
New Wave Group , the Swedish company behind Craft and Cutter Buck , has posted a record first-quarter profit despite a drop in sales due to lower costs. Operating profit for the three months ended March 31 was 100 million Swedish Kronor (€9.9 million-$12 million), compared ...
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News briefsSwiss sports market stable in 2020; online in Q1 2021 outperforms previous year
According to GfK market research, the Swiss sporting goods market ended 2020 with a stable result, thanks to a sales rally in the last two months of the year. However, there is a significant gap between the different sectors: the overall winners in 2020 were fitness, outdoor, running, stand-up ...
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News briefsNextiles introduces sewn-in circuitry to collect performance data through textiles
Nextiles , a young company founded by Massachusetts Institute of Technology ( MIT ) alumni and supported by the U.S. National Science Foundation , has introduced a new Bluetooth-based, sewn-in sensor technology that captures human performance data for a variety of industries from professional sports to connected fitness, ...
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ArticleHelen of Troy reports strong Hydro Flask sales
Helen of Troy’ s Houseware segment, which includes outdoor drinkware brand Hydro Flask , said revenues for its fourth fiscal quarter ended Feb. 28 increased by 12.1 percent to $162.5 million. This was driven by an organic business increase of 11.8 percent from the same quarter a year ago. There ...
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News briefsPolygiene posts double-digit revenue growth, driven by ViralOff
Antimicrobial technology provider Polygiene posted revenues of 83.9 million Swedish kronor (€8.3m-$10.1m) in 2020, an increase of 22 percent as compared to 2019. The company launched the ViralOff antiviral technology connected with the Covid-19 pandemic in April and later an upgraded formula of ViralOff with increased washability during ...
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News briefs
Outdoor & Running Business Days 2021 will be a physical event
The 7th edition of the Outdoor Running Business Days ( ORBDays ) , scheduled to take place in Riva del Garda, Italy, on Sept. 12-13, is planned as a physical event. Sport Press Srl SB , which organizes the trade show, is also planning an expanded version ...
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News briefs
Shipping company Maersk sees tight market conditions until Q4
The world’s largest container shipping company Maersk expects tight market conditions in maritime transport to continue until the fourth quarter of 2021. When commenting on its trading performance, the company said that “the continued strong performance is mainly driven by the continuation of the exceptional market situation with surging ...
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News briefsStorck Bicycle and Cycling Friends take off in South Africa
Together with South African cycling tour operator Cycling Friends , German premium bicycle supplier Storck Bicycle opened the Storck Studio Cycling Friends in April. The man behind the tour operator ( www.cycling-friends.com ) is Stefan Lohwasser , the father of Storck Bicycle’s managing director, Dr. Todor Lohwasser ...
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ArticleShimano continues to perform well in Q1
Both Shimano ’s bicycle components and fishing tackle divisions benefited from the ongoing Covid-19 crisis in the first quarter of its fiscal 2021. Overall, Shimano’s quarterly sales – compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). Operating income was ...
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News briefs
Textiles 2030 officially launches in the U.K., to help reduce textile waste
WRAP, a U.K. waste recycling charity, has officially launched “Textiles 2030: UK Sustainable Textile Action Plan.” The plan, first unveiled in November 2020, has secured a commitment from leading brands and retailers like Asos, JD Group, John Lewis, M&S, Primark, Sainsbury’s, and Tesco, in addition to re-use/recycling organizations and affiliates. ...
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News briefs
Rumpl teams up with Austrian designer to save green space in NYC
Source: Rumpl Oregon-based outdoor blanket manufacturer Rumpl has announced a collaboration (video link) with Stefan Sagmeister , a New York City-based Austrian graphic designer, storyteller and typographer, to produce the Beautiful Shapes Down Puffy Blanket , which features 600-fill duck down, 30-denier ripstop polyester ...
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ArticleMixed results for Fenix Outdoor
Fenix Outdoor International had a difficult start to the year and still faces some of the challenges that have marked 2020. Management said major store closures in Europe hampered business in Q1, although there were some upsides, such as the performance of retail stores in Sweden, Finland and Denmark, as ...
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News briefsNilit introduces a new nylon that is said to break down more rapidly
Nilit , an Israel-based nylon 6.6 manufacturer, has introduced Sensil BioCare , a new fiber that is described as breaking down faster than conventional nylon. This could help reduce the persistence of textile waste in seawater and landfills when the garment reaches the end of its life. In addition, the ...
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News briefsLenzing releases its Sustainability Report 2020
The Lenzing Group has presented its Sustainability Report 2020 . The document, titled “ Stand up for future generations ,” was released on Earth Day . The Covid-19 pandemic dominated FY2020. This extraordinary situation led to short-term measures to safeguard the company’s business operations and mitigate the effects of ...
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News briefsPersonal protection equipment sales lift 3M results
Just like in 2020, sales of masks and other personal safety equipment in the midst of the pandemic boosted sales of 3M in the first quarter of 2021. It saw growth across all business segments and geographic areas. The management also released an upbeat outlook, as demand for ...
