All Outdoor Industry Compass articles in Volume 15, Issue 10 – Page 2
-
News briefsDb and Safeback introduce avalanche vest
Db and Safeback have developed the world’s first Backcountry Vest that integrates the Safeback SBX avalanche survival system. Safeback SBX, winner of the 2022 ISPO Award, is the first system of its kind to actively provide air to buried subjects in the snow, extending the survival window after an avalanche ...
-
News briefsAlpkit meets funding target in less than eight minutes, plans new product categories
At the end of October, British outdoor and cycling brand Alpkit invited its customers to become shareholders in the company. The investment campaign was open for just eight minutes when the company reached its target of £750,000 (around €855,000). In less than an hour, Alpkit had raised £1.6m (€1.83m) from ...
-
ArticleWolverine lowers FY forecast again, unveils brand reorganization
Wolverine World Wide Inc. again lowered its full-year outlook after continuing supply chain constraints, increased promotional activity and deteriorating economic conditions weighed on third-quarter results, which came in below expectations. The company also announced a long-awaited reorganization of its brands to help cut costs and expand margins. Full-year revenue is ...
-
News briefsGlobal Fashion Agenda and UNEP announce joint consultation with the textile sector at COP27
The Global Fashion Agenda (GFA) and the United Nations Environment Programme (UNEP) have partnered to launch the Fashion Industry Target Consultation. The announcement was made at COP27 in Sharm El Sheikh on Nov. 8. The Fashion Industry Target Consultation, a multi-stakeholder project led by GFA, will aim to identify and ...
-
News briefsLa Sportiva reinforces marketing team
La Sportiva has hired Vittorio Barrasso as brand & communication corporate manager and Andrea Ranalletti as trade marketing manager. They will both report to Giulia Delladio, La Sportiva’s corporate marketing director. Barrasso brings long-standing experience in the consumer goods industry. In his new role, he will oversee brand development, communication, ...
-
News briefsUnifi’s sales drop 8.4% in fiscal Q1
Unifi, the maker of the Repreve fiber, has reported net sales of $179.5 million for the first fiscal quarter ended Oct. 2, 2022, representing a decrease of 8.4 percent from the first quarter of fiscal 2022. The drop was primarily attributed to lower sales volumes for the Americas and Asia ...
-
ArticleFirst-ever WBIA Global Market Report soon available
At its virtual general assembly this year, the World Bicycle Industry Association (WBIA), which was founded in 2019, discussed numerous industry and market developments on a global level. The latest news is that a first-ever comprehensive WBIA Global Market Report will be published soon. WBIA members include CONEBI, the umbrella ...
-
News briefsInfinite Fiber announces progress in building commercial-scale fiber factory in Finnland
Infinited Fiber Company, textile technology specialist from Finland, has announced that the construction of its first commercial-scale Infinna textile fiber factory in Kemi, Finland, has progressed according to plan since the announcement of the factory site in June 2022. The company is increasing its focus on scaling the production volume ...
-
News briefsCustomer loyalty programs help western brands attract Chinese consumers
According to Alibaba, brands are investing more than ever in loyalty programs to attract and retain Chinese consumers during this year’s 11.11 Global Shopping Festival. According to the report, well-known brands such as The North Face are relying on membership programs to encourage repeat purchases. They offer early access, hard-to-match ...
-
News briefsGlobetrotter collects sleeping bags for homeless people
Until Dec. 21, German outdoor outfitter Globetrotter is accepting used sleeping bags and warm winter clothing in its stores. The donations will go to homeless people and others in need and will be distributed through local aid organizations as part of their cold-weather relief efforts. In total, 19 of Globetrotter’s ...
-
News briefsMillet headed for 20% growth in Europe
Millet Mountain Group is growing at a 20-percent clip year-on-year in Europe, according to its sales director for the continent’s southern half, Hervé-Sergio Locatelli. If projections hold, Locatelli has told CMDsport, the group will break its record for annual sales on the continent. France remains the top market, but ...
-
ArticleClarus misses sales, earnings targets on currency effects, freight costs
Clarus Corp. reported an operating income of $6.1 million against a loss of $282,000 in the third quarter despite missing revenue and earnings per share projections. In reporting a 39 percent decline in net profit to $2.75 million from $4.53 million, the group said higher freight costs lowered its profitability ...
-
ArticleItalmobiliare announces new Sidi CEO after takeover
Source: Sidi Sport Davide Rossetti, CEO Sidi Sport With domestic investment holding company Italmobiliare Holding S.p.A. (we reported in July) set to complete the acquisition of Italian cycling and motorcycle footwear icon Sidi Sport S.r.l. in the current fourth quarter of 2022 “at an enterprise value of ...
-
News briefsHervis launches bike storage service for winter
Until Nov. 15, 2022, Austrian retailer Hervis is offering its shoppers a new type of combined service that is unique in Austrian sports retail: bike service followed by the option of professional, dry and secure storage over the cold months. In two stores in Vienna and Graz, customers can drop ...
-
ArticleRVRC experiences improving trends in September
RevolutionRace (RVRC), the Swedish outdoor DTC company, which installed Paul Fischbein as its permanent CEO Oct. 7 following the mid-August resignation of founder and former CEO Pernilla Nyrensten, reported a 31 percent drop in first quarter operating income to 49.8 million Swedish kronor (€4.7m) from SEK 72.7 million. Net profit ...
-
![Manu 1[75][15]](https://d139l9lsy1wb51.cloudfront.net/Pictures/100x67/8/1/8/20818_manu17515_995520_crop.jpeg)
News briefsInov-8 opens first showroom outside the UK
U.K.-based running, hiking and fitness brand Inov-8 has opened the doors to its first showroom in mainland Europe in Annecy, France. Manu Fedon, Inov-8 sales manager for France, said: “The showroom will be a basecamp for all customers, media contacts, friends and family living within the heart of the French ...
-
ArticleCompass Diversified with record quarter
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) fell 25 percent to $15.3 million from $20.3 million for the period ended Sept. 30. Total sales from the five companies rose 16 ...
-
News briefsBianchi renews presence in the U.S.
Source: Bianchi Dan Delehanty, Bianchi USA Country Manager As part of the complete restructuring of FIV Bianchi Spa, headquartered in Italy, Bianchi continues its international development by also renewing its Bianchi USA subsidiary and strengthening its physical presence in North America. Dan Delehanty has assumed the role ...
-
News briefsRaleigh is opening an “experience center” in Nottingham
British cycling brand Raleigh is to open later this month an “experience center” in Nottingham, its home city. The site, located at Maid Marian Way, will be a retail space with a full range of Raleigh and Haibike models on display and the option to try them out. Additionally, the ...
-
ArticleFenix sees 13% sales gain in Q3 as Hanwag capitalizes on moving production to Europe
Fenix Outdoor International reported sales of €224.2 million in the third quarter of 2022, up by 13 percent on the year earlier, when its results were less affected by the Covid-19 pandemic than in the first two quarters of 2021. The star performer in the quarter was the footwear brand ...
