All Outdoor Industry Compass articles in Volume 15, Issue 10 – Page 3
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ArticleGiant Group celebrates 50th anniversary, boasts solid results
For Taiwan’s leading bicycle manufacturing companies Giant Manufacturing Company Ltd (Giant Global Group) and Merida Industry Co Ltd, 2022 is very special: both companies are celebrating their 50th anniversaries. On Oct. 27 – one week before the announcement of financial results for the first three sales quarters of 2022 – ...
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News briefsUSWE’s quarter marked by acquisitions, order cancellations
Swedish company USWE Sports AB, which launched as a public company on July 1, reported a net loss of 2.07 million Swedish kronor during the three months ended Sep. 30. Operating loss for the period was SEK 4.10 million (€386,200). Total revenues rose 98 percent year-over-year to SEK 25.37 million ...
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ArticleVisitor registration open for Slide & OTS Winter
Visitor registration is now open for the U.K. trade show Slide & OTS Winter, which returns to Telford International Centre from Jan. 10-12, 2023. To facilitate access to the show, trade visitors can easily pre-register online on the website. With even more exhibition space this year, a total ...
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News briefsPierer Mobility and MV Agusta deepen strategic cooperation
Shortly after the announcement of a strategic partnership in North America (Pierer Mobility subsidiary KTM AG will take over the exclusive distribution of MV Agusta), the two European motorcycle and (e-)bike suppliers have announced that they will intensify their cooperation by entering into a worldwide distribution partnership. In this context, ...
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ArticleDecathlon launches buyback service in Germany
Decathlon Germany is launching a used-product “Buy Back” service in select cities. For the first time, the sporting goods manufacturer and retailer is buying back used sports products and returning them to second-use sales after successfully inspecting and/or repairing them. Customers who sell their products to Decathlon receive either a ...
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ArticleTecnica Group’s ski boot recycling project aims at closing the loop
The Tecnica Group is committed to closing the circle of ski boot life cycles: 4,200 ski boots have already been collected, dismantled and recycled into new products in the first year since autumn 2021 of the group’s “Recycle Your Boots” (RYB) project.
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ArticleCanada Goose lowers outlook due to China problems
Persistent lower traffic trends and dampened consumer sentiment in China have forced Canada Goose to lower its FY revenue and profit outlook despite strong brand sales performance in other global geographies. The group has dropped its annual revenue outlook by more than 7 percent to a range of C$1.2-1.3 billion ...
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ArticlePatrik Frisk buys ski resort in Sweden
Patrik Frisk, former CEO of Under Armour, has purchased a ski resort in Sweden. Branäs Group announced the sale of Ulricehamn Ski Center in Västergötland to Frisk and his family last Thursday. Frisk told Freeride magazine that he wants to give more young people, families and clubs in the region ...
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News briefsKathmandu launches in Europe and the UK
Following an appearance at Paris Fashion Week in late March and a collaboration with renowned Paris retailer Leclaireur to launch its FW 2022 collection, Kathmandu, the New Zealand-based outdoor apparel and gear brand, has now launched country-specific online stores in the U.K., France and Germany, in addition to supplying select ...
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ArticleCanada Goose opens two new permanent stores in the U.S.
Source: Canada Goose Las Vegas Snow Room Canada Goose continues its retail expansion in the U.S. with the announcement of two new permanent locations in Las Vegas and Denver, as well as two pop-up stores in Aspen and Detroit. The Canadian brand will open its doors at ...
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Short stops
Short Stops Week 45, 2022
LEGAL & INSTITUTIONAL +++ Ugo Claudio Matteoli, the president of the body that represents Italy’s anglers (FIPSAS - Federazione Italiana Pesca Sportiva e Attività Subacquee), who is also head of the Confédération Internationale de la Pêche Sportive (CIPS) and the Fédération Internationale de la Pêche Sportive en Eau (FIPSed), is ...
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News briefsTopgolf Callaway tees off with record third quarter; lifts guidance
Topgolf Callaway Brands has lifted annual guidance after a record third quarter and said it continues to see the Topgolf operation as a key driver of growth that will contribute half of the company’s Ebitda in the near future. Group net revenue for the three months to Sept. 30 was ...
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ArticleVista Outdoor shares take hit after guidance lowered
Jason Vanderbrink, president of Vista Outdoor’s sporting products division, told analysts, “We are bullish on the outdoor industry despite near-term macroeconomic conditions that have eroded consumer confidence and pressured performance across the (U.S.) economy. We always understood that the elevated purchase patterns of the last two-and-a-half years would normalize.” ...
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ArticleOeko-Tex rebrands, launches new certification for Responsible Business
Starting in November 2022, Oeko-Tex is offering a new certification addressing due diligence requirements. With the introduction of the new Oeko-Tex Responsible Business certification, the company aims to support brands, brand groups, retailers and traders in the textile and leather industry in meeting the challenges of implementing human rights and ...
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News briefsNew Schöffel-Lowa shop-in-store opened in Backnang, Germany
Thomas Grabert, who runs the Intersport Grabert store (that operated as Intersport Hettich until 2017) in the German town of Backnang, has renovated and newly opened the 1,000-sqm store. Part of the space is now a 120-sqm Schöffel-Lowa shop-in-store – the 37th in Europe. Grabert also runs a Schöffel-Lowa brand ...
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News briefsYKK to introduce narrower watertight zipper for outdoor apparel
With a new watertight zipper that will be introduced at the coming ISPO Munich trade show, Japanese company YKK targets the outdoor apparel market. According to company information, the Aqualock zipper is a completely watertight new solution that is narrower, more lightweight and more flexible than the current Aquaseal zipper ...
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News briefsCraghoppers launches capsule collection with fibers made from carbon emissions
Going to market in Fall 2023, U.K. company Craghoppers is introducing its first capsule collection of four styles featuring a blended material made from recycled polyester and fibers converted from CO2 industrial waste. The fleece fabric, which has been developed with technology company Lanzatech, contains 30 percent of fibers made ...
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ArticleNew German DTC e-bike company Hepha goes live
A new DTC e-bike supplier called Hepha GmbH is a new kid on the block in the buzzing e-bike market. Noticeably, the top model of the southern German brand comes with a mid-motor developed by the company itself in Germany, while the two other models are equipped with mid-motors made ...
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News briefsEddie Bauer Korea collabs with sneaker brand for outdoor-inspired collection
Eddie Bauer’s Korean partner CJ ENM is collaborating with local sneaker brand Mother Ground for its latest collection, which is released this November. The collection includes outerwear, sneakers and accessories inspired by Mother Ground’s chief designer’s journey to Karakoram Pass, the highest point on the ancient Silk Road. Eddie ...
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News briefsFox Factory delivers another solid quarter
Profit at Fox Factory, the maker of products for bicycles, off-road vehicles and motorcycles, among others, rose 16 percent to $50.8 million from $43.8 million for the quarter ended Sept. 30. Ebit was 19.7 percent higher at $64.1 million as operating income increased by 18.3 percent to $65.4 million from ...
