All Outdoor Industry Compass articles in Volume 15, Issue 1 – Page 2
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News briefsMerrell pulls out of OR Snow Show
Footwear News reported that Merrell has decided to withdraw its participation from the Outdoor Retailer Snow Show (Jan. 26-28, Colorado Convention Center, Denver) due to the recent Covid-19 surge in the U.S. The brand will donate the money saved by not participating – about $25,000 – to the Boulder County ...
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News briefs
Oeko-Tex introduces impact calculator for textile companies
After about two years of development, Oeko-Tex has produced an “impact calculator” with which textile and leather companies can track their CO2 emissions and water use and share the data with customers, investors, business partners or others. The tool is available to customers of STeP by Oeko-Tex. Later this year, ...
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News briefsEcco releases 3D printed tooling for direct injection PU soles
After extensive research into 3D-printed footwear and 3D-printed footwear tooling, Danish footwear company Ecco has announced that after three years of development, it is now ready to offer 3D-printed tooling for product development and commercial samples for the broader footwear market. The company intends to offer four different options, ranging ...
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ArticleAlibaba tops Greenpeace’s environmental ranking among China’s e-com platforms
Greenpeace East Asia has ranked China’s largest e-commerce platforms based on their commitment to combating climate change, actions already taken, level of disclosure and steps taken to manage the marketplaces responsibly and sustainably. According to the climate activist group, Hangzhou-based e-commerce platform Alibaba, which last December pledged to become carbon ...
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News briefsChange of leadership at Chris Sports
Christian Bättig, owner and founder of Chris Sports AG, a Swiss general importer for numerous outdoor and bike brands, has handed over the reins of management to the company’s previous chief financial officer, Andreas Guglielmo, effective Jan. 1. Guglielmo has been with Chris Sports for more than 12 years. Bättig ...
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Short stops
Short Stops Week 2, 2022
FINANCIAL RESULTS +++ Solo Brands Inc. announced updated guidance for its fiscal 2021, expecting revenue in the range of $400 million to $402 million, up from previous guidance of $344 million to $352 million, and adjusted EBITDA in the range of $120 million to $121 million (previously $107 million to ...
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News briefsMaloja founders to hand over to new management
According to German business newspaper Handelsblatt, the founders of German brand Maloja, Klaus Haas and Peter Räuber, are planning to resign from their current leadership positions to hand over to a new management team. Eighteen years after the brand was founded, Haas and Räuber want a younger generation to take ...
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News briefsSamsung and Patagonia team up to develop microplastic-retaining laundry machines
According to a press release from the consumer electronics company, Samsung is collaborating with Patagonia on a “feasible, effective and expandable way to combat the microplastics that result from textiles and laundry.” Samsung says it is developing an advanced new washing machine that will allow people to safely wash their ...
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ArticleHelen of Troy raises outlook after Osprey acquisition, strong Q3 showing
Helen of Troy, the El Paso, Texas-based consumer goods company that owns outdoor drinkware brand Hydro Flask and Oxo and recently closed a deal to acquire backpack manufacturer Osprey Packs, raised its guidance for the full fiscal year to take into account that acquisition and after posting better-than-expected results in ...
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News briefsNorda expands global distribution
Norda, a young running shoe brand from Québec, Canada, that last year launched the first seamless trail running shoe made from bio-based Dyneema fiber, announced that it has expanded its global distribution network with partners in key territories starting with the first quarter of 2022. For the Asian market, Norda ...
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News briefsEmployees take over U.S. cycling apparel brand Kitsbow
Kitsbow, a U.S. manufacturer of bicycle apparel and accessories, was purchased by its employees with the support of a group of North Carolina-based investors on Jan. 3 after ten years of private ownership. Effective immediately, employees will own a majority of the stock of Kitsbow Apparel, PBC, which is organized ...
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News briefsOutdoor Retailer Snow Show to take place despite Omicron
Outdoor Retailer (OR) has announced that its upcoming Snow Show will be held as planned on Jan. 26-28 at the Colorado Convention Center in Denver despite the rising Omicron infection numbers. According to OR, more than 400 exhibitors, top retailers, U.S. and global media and industry leaders will be attending ...
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News briefsBlue Tomato expands cooperation with POW
Austrian boardsports and lifestyle retailer Blue Tomato is expanding its cooperation with the global environmental protection organization Protect Our Winters (POW), established around 15 years ago by U.S. pro snowboarder Jeremy Jones, and is now also the official merchandise partner of POW Europe. When POW products are purchased through the ...
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ArticleSport 2000 parent ANWR Group exits as shareholder of Bico
At the end of 2021, German bicycle purchasing group Bico Zweirad Marketing GmbH took over the 25.1 percent stake held by ANWR Group e.G. by mutual agreement. As a result, the ANWR Group – a community of independent retailers that is, among other things, the 100-percent parent company of the ...
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News briefsGoldwin opens flagship store in Beijing
With the opening of Goldwin Beijing on Dec. 27, 2021, the Japanese brand is consistently following a long-term global growth strategy. After Goldwin San Francisco (2019) and Goldwin Munich (2020), Goldwin Beijing is the third brand-owned flagship store outside Japan. Goldwin Beijing, placed in the heart of Chinese winter sports, ...
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News briefsDevold launches German-language website with online store
With the start of the new year, Devold of Norway strengthens its web presence in the German-speaking markets and launches an online store. The new website presents its brand strategy concerning the value chain with its own production facilities in Europe and the traceability of the raw materials used. The ...
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News briefsClarus with new CFO and COO
Clarus Corp., the Utah-based owner of the Black Diamond, Rhino-Rack, Maxtrax, Sierra and Barnes brands, has appointed a new CFO, Michael J. Yates. Yates has spent nearly 35 years in financial management positions. After working for PriceWaterhouseCoopers and KPMG, he served in various roles at IDEX Corporation, a diversified engineered ...
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Short stops
Short Stops Week 1, 2022
CORPORATE AND M&A +++ Climashield, a Tennessee-based manufacturer and developer of continuous-fiber insulation that works with outdoor brands such as Arc-Teryx, Black Yak, Tilak, Eddie Bauer and others, has been acquired by Crown Capital Investments, a Georgia-based private equity firm +++ After 21 years on the Nasdaq Stock Market, Garmin ...
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ArticleVista Outdoor ends 2021 with yet another acquisition
Minnesota-based Vista Outdoor has made its sixth acquisition in the current year with the takeover of Stone Glacier, a Bozeman, Montana-based brand founded in 2012 by Kurt Racicot that focuses on ultra-lightweight, high-performance hunting gear for backcountry use. The addition of Stone Glacier to Vista Outdoor’s portfolio of outdoor products ...
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Short stops
Short Stops Week 52, 2021
CORPORATE AND M&A +++ Helen of Troy successfully completed its previously announced acquisition of Osprey Packs on Dec. 30 for $414.7 million in cash, which includes the impact of a $5.3 million favorable customary closing net working capital adjustment +++ GSM Outdoors has acquired Washington-based knife and tool manufacturing company ...
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