All Outdoor Industry Compass articles in Volume 15, Issue 10 – Page 16
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News briefsEquip gains Fair Wear leader status after two years of membership
The Fair Wear brand performance check published in August 2022 sees Equip Outdoor Technologies with its brands Rab and Lowe Alpine progressing in Fair Wear’s performance requirements regarding social responsibility along their supply chains. The U.K. company that has been a member of Fair Wear since 2020 has achieved the ...
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News briefsCyberattack hits The North Face, affecting almost 200,000 customer accounts
As reported by Infosecurity, Techradar, Cybernews and other media outlets, The North Face (TNF) was hit by a large-scale cyberattack that affected the data of 194,905 of the brand’s online customers. Email addresses, passwords and personal information stored in user accounts were hacked. According to a data breach notification obtained ...
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ArticleRiese & Müller with new management structure and first-time management board
Almost 30 years ago, Markus Riese and Heiko Müller, then students, founded the bicycle company Riese & Müller GmbH (R&M). Since then, the German business has grown from a folding bike start-up to a global player in the e-bike market and today employs over 900 people and generates annual sales ...
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News briefsBike chain Multicycle launches in Austria
Shortly before opening its 31st store in its home market of Germany, German bicycle chain Multicycle Fahrrad-Handels GmbH & Co. KG announced plans to expand to Austria. So far, the company, known primarily as a Cube store operator, had only announced plans to open four more stores (Frankfurt West, Reutlingen, ...
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News briefsFestibike’s successful comeback after the pandemic
The latest edition of Festibike, Spain’s national bicycle fair, showcased 200 exhibiting brands and welcomed more than 34,000 visitors in Madrid on Sep. 9-11. It was the event’s comeback after the pandemic. The organizers described the show as “an absolute success” for the brands. The 21st edition of the fair ...
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News briefsCEP launches innovative Infrared recovery sock
CEP has unveiled the new CEP Infrared Recovery Compression Socks, designed to help the wearer’s muscles recover after intense physical exercise and improve performance during training and competition. The new socks feature the heat-reflecting smart infrared technology with integrated bioactive minerals, which is said to help improve microcirculation and oxygen ...
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ArticleEOCA submits application for Earthshot Prize
The European Outdoor Conservation Association (EOCA) has taken a step forward with its application for the 2022 Earthshot Prize. Launched in late 2019, the Earthshot Prize will award five £1 million prizes each year for ten years. Established by Prince William and the Royal Foundation of The Duke and Duchess ...
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Short stops
Short Stops Week 37, 2022
EXECUTIVE CHANGES +++ U.S. hiking boot brand Erem hired former Oboz director of operations Chris Rischke as VP of operations and wholesale, effective immediately +++ PRODUCT & MARKETING +++ Scandinavian tackle company Westin, best known for its lures, rods and clothing, is entering a new product category with ...
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ArticleSwedish e-bike manufacturer EcoRide brings production home
Due to its growth course and imposed EU anti-dumping duties on e-bikes from China, e-bike supplier Nordic Group EcoRide AB moved its production from China to Poland in 2018 – still under the old company name ProNordic Group. Now the Swedish company is moving production again, from Poland to Sweden ...
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News briefsMoncler launches Trailgrip footwear line
Source: Moncler website Trailgrip GTX Moncler has introduced the new Trailgrip collection, an all-weather capsule, designed “for every active mountain, or metropolitan pursuit.” Materials include premium leather, Nubuck, and Cordura, as well as Gore-Tex and a TecTuff® rubber. The debut Trailgrip GTX low-top sneaker features ...
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News briefsAOB sees sales drop in Q1 but e-commerce shines
American Outdoor Brands (AOB) reported sales of $43.7 million in the first quarter ended July 31, down by 28.1 percent compared to the year earlier. E-commerce revenues jumped by 23.7 percent to $20.5 million, and traditional sales declined by 47.6 percent to $23.1 million amid lower foot traffic in retail ...
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News briefs
Gruppo Seven acquires majority stake in Incall
Gruppo Seven, the owner of Italian backpack specialists Invicta, has acquired a 75 percent stake in Incall SpA, a stationery producer based near Ancona and the owner of the Mitama brand. The financial terms of the transaction have not been disclosed. Incall, which posted revenues of €17 million in 2021 ...
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ArticleSpinnova reports soaring revenues in H1
Spinnova has reported revenues of €7.6 million for the first half of 2022, which compares to €370,000 in the first half of 2021 and to €6.1 million for the whole of 2021. However, the Finnish biomaterials company also reported an operating loss of €5.8 million for H1, which compares to ...
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News briefsCLR Outdoor presents folding backpack kayak at German Shark Tank
Source: CLR Outdoor CLR’s VIK3.8 folding kayak Berlin-based start-up CLR Outdoor, consisting of founders Constanze Lenau and Daniel Schult, presented their folding kayak VIK 3.8 on the German version of the entertainment show Shark Tank on Sep. 5. Although no deal materialized, the TV appearance helped introduce ...
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News briefsApple launches new Watch Ultra
Source: Apple iPhone14 Plus Emergency SOS Along with its new iPhone 14 models, which are now capable of sending emergency calls via satellite (including automated calls after a fall or accident like the Apple Watch before), Apple has unveiled the new adventure-focused Watch Ultra. Still high-priced, the ...
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News briefsNCA sees no issue with use of generic data in consumer-facing sustainability communications
Higg has issued a press release applauding the Norwegian Consumer Agency (NCA) for working with other global consumer agencies to agree on a set of key principles to help create a harmonized and clear approach to communicating environmental claims. Higg believes that consumers need information to take urgent action on ...
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ArticleBosch eBike Systems expands IBD service portfolio in Europe
German e-bike drivetrain maker Bosch eBike Systems is strategically expanding its service portfolio for independent bicycle dealers in Europe. In addition to launching training courses in five additional countries (Ireland, Croatia, Luxembourg, Poland and Slovenia), the company has created a new partner portal that allows e-bike dealers to stay up ...
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ArticlePon Holdings continues to invest in the automotive and bicycle mobility segments
Source: Veloretti After the parent company of Pon Bike Group (PBG), Pon Holdings B.V., on June 1 became a minority shareholder in German car dealer Adelbert Moll GmbH & Co. KG (better known as Moll Group) for an undisclosed amount, the Dutch retail and services giant has ...
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News briefsNewell Brands drops FY22 outlook
Newell Brands has revised its full-year revenue, operating margin and cash flow forecasts due to “a more challenging than anticipated operating and consumer backdrop.” The Atlanta-based company and parent to eight brands in its outdoor & recreation segment, including CampingGaz, Coleman, Marmot and Ex-Officio, has reduced its FY22 revenue outlook ...
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News briefsFrance to hold national fishing show in 2024
The French body that represents the fishing tackle trade in the country (Groupement de l’Industrie Française d’Articles de Pêche or GIFAP) is planning to resume a national fair that showcases all types of fishing – sea, coarse and fly – Angling International has reported. Many organizations in France have been ...
