All Outdoor Industry Compass articles in Volume 15, Issue 2 – Page 2
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News briefsNilit with management changes
Nilit, a supplier of high-quality nylon 6.6 for apparel and owner of the sustainable consumer brand Sensil, announced that Sagee Aran will lead product development and marketing initiatives, and Michelle Lea has joined the company to lead global marketing programs. As chief innovation and sustainability officer, Aran will expand the ...
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News briefsEuropean Outdoor Group in search of brand partners for European merino project
After carrying out a small feasibility study around the possibility of growing European merino wool earlier, the European Outdoor Group (EOG) is currently in funding negotiations with the German Federal Agency for Agriculture and Food to let the project come live. According to EOG’s sustainability manager Katy Stevens, “it is ...
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News briefsK2-MDV rebrands as “Elevate Outdoor Collective”
Seattle-based K2-MDV Holdings, the parent company of all K2 Sports and MDV brands, including K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride, Line, BCA, Atlas Snow Shoe Co, Tubbs Snowshoes and others, announced that it has rebranded itself Elevate Outdoor Collective, effective immediately. The company will continue ...
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ArticleRevolutionRace keeps up sales momentum
Swedish DTC outdoor company RevolutionRace (RVRC) says it is seeing continued robust growth at the start of the third quarter of its fiscal year, after sales in the second quarter increased by 58 percent to 392 million Swedish kronor (€37.5m-$42.8m) amid continued strong demand for multifunctional garments. On a constant ...
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ArticleOrganized crime reaches the bicycle business: Theft at BFI leads to millions in damages, and to delays
The delivery problem in the bicycle industry seems to open a new business field for organized crime. On Jan. 21, the Czech bicycle manufacturer Bike Fun International s.r.o. (BFI) lost key components (including long-awaited Shimano brand parts) when an entire truckload was stolen from Germany. To warn other manufacturers, the ...
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News briefsNew DITF carbon production technology gets awarded
The German Institutes of Textile and Fiber Research Denkendorf (DITF) was awarded for its HighPerCellCarbon fibers made from wood in a novel and sustainable process. The technology involves the wet spinning of cellulose fibers using ionic liquids as direct solvents. No waste gases or toxic by-products are produced during the ...
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News briefsTimberland’s yellow icon boot heads into the metaverse
Timberland, a VF Corp. brand, has entered the Metaverse with a digital gaming experience called “TimbsTrails.” “TimbsTrails provides a unique and fun platform to celebrate the footwear innovations and cultural moments that have shaped our past, and to explore our collective journey into the future,” said Chris McGrath, VP of ...
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ArticleCalida completes sale of Millet Mountain Group
As previously reported, the Calida Group in late December received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell the Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Calida now reports that it has received the final approval of the French work council ...
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News briefs
Solo Brands seeks new CFO
Solo Brands, the U.S. company that began trading on the New York Stock Exchange in October and owns several DTC-focused brands, including Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard, announced that its current CFO, Sam Simmons, will step down later this year. Simmons will remain in the CFO role ...
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Short stops
Short Stops Week 6, 2022
PRODUCT & MARKETING +++ The German adventurer, explorer and long-distance cycling record holder Jonas Deichmann has joined the international Scott Bikes ambassador team +++ Dynafit is the main sponsor of the Sellaronda Ski Marathon and the Patrouille des Glaciers 2022 +++ Dynafit now also offers lightweight, compact sunglasses and goggles ...
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News briefsJack Wolfskin appoints new GM for China
Jack Wolfskin has appointed Matthew Jung as its new general manager for China, effective Feb. 9. In this role, the U.S. citizen will be responsible for implementing the company’s new strategic brand direction with the claim “We Live to Discover” and developing Jack Wolfskin’s omnichannel strategy in China. ...
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News briefsLenzing launches Young Scientist Awards
The Lenzing Group, the Austrian specialist for wood-based specialty fibers, has created a new award to promote young scientists’ work in fashion and circular economy, textile recycling and the innovative use of biobased fiber: the Young Scientist Award. The award for outstanding research in the field of fibers and textiles ...
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ArticleJohnson Outdoors sees strong orders, Q1 sales slip amid supply chain disruptions
Johnson Outdoors, the owner of the Jetboil and Eureka brands, amongst others, saw sales decrease in the first quarter of its financial year as supply chain disruptions made it difficult to keep up with demand for outdoor recreation products. Total company sales in the three months to Dec. 31 declined ...
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ArticleDeckers expects 19-20% growth for the fiscal year
Deckers Brands, the parent company of Hoka, Teva and other brands, is currently forecasting revenues of $3.03-3.06 billion for the full financial year ending March 31, indicating a growth of between 19 and 20 percent. It expects to book a gross margin of less than 51.5 percent for the year, ...
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ArticleColumbia exceeds forecast, driven by DTC
Despite persistent supply chain disruptions that negatively impacted its wholesale revenues, Columbia Sportswear reported impressive fourth-quarter results on the strength of its Direct-To-Consumer and e-commerce businesses and an improvement of 1.6 percentage points in the gross margin to 52.2 percent, as higher freight costs were more than offset by a ...
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ArticleWorn Again envisions textile recycling facilities directly in urban centers
Worn Again Technologies (WAT), a UK-based technology licensing company that is a signatory to and major contributor to the UNFCCC’s Fashion Industry Charter for Climate Action, is looking to develop textile recycling facilities that are integrated into the urban ecosystem. WAT and its strategic partners met in Copenhagen to discuss ...
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News briefsArc’Teryx hires former Lululemon CFO
Source: Arc’teryx Chris Tham Arc’teryx Equipment has appointed Chris Tham as the company’s first-ever chief financial officer. In this newly created position, he will report directly to CEO Stuart Haselden. The appointment is effective Feb. 21, 2022. Tham has more than 20 years of finance and strategic ...
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News briefsNew global HR director at Haglöfs
Swedish outdoor brand Haglöfs has expanded its human resources team with Frida Vingård as its new global HR director. In this newly created position, Vingård works alongside the existing HR manager, Malin Löfstedt, and is tasked with promoting long-term organizational development and corporate culture on a global level. Vingård is ...
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ArticleOberalp becomes distributor for 2117 of Sweden in 13 countries
The Italian Oberalp Group has taken over the exclusive distribution of the Swedish outdoor clothing brand 2117 of Sweden for Italy, Poland, Hungary, Slovenia, Croatia, Serbia, Bosnia, Macedonia, Montenegro, Kosovo, Spain, Andorra and France as of the beginning of this year. The agreement between the parties took place early last ...
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ArticleVista Outdoor raises guidance after record Q3
Minnesota-based Vista Outdoor raised its guidance for its fiscal year ending this March after reporting record results in the third quarter ended Dec. 26 amid continued high consumer demand for sporting and outdoor products. Vista Outdoor is now projecting fiscal year 2022 sales of $2.97 billion to $3.0 billion, representing ...
