All Outdoor Industry Compass articles in Volume 15, Issue 3
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PDF NewsletterOutdoor Industry Compass: Vol 15 - No 3
Wolverine delivers strong Q4 results; Merrell and Saucony with record annual revenue | SSU grows by only 10.6% as bike supply issues persist | EOG opens up to organizations from the wider value chain; board changes announced | Outdoor and sports industries create support initiatives for people affected by war in Ukraine | Women in the outdoor and sports business: Facts and figures on International Women’s Day | OutDoor by ISPO releases more information on location and exhibitors | Clarus open to buy more “Super Fan” brands after record year | The outdoor industry is teaming up to take a new approach to combating the problem of single-use plastics | Kathmandu is on track for better results | Haglöfs reports record year | Storck Bicycle more than doubles its sales in 2021 | Callaway sees continued robust growth, Jack Wolfskin relaunch progressing well | Polygiene Q4 sales jump despite logistics, raw material supply challenges | Canadian Tire beats sales estimates in Q4 as consumers splurge on sports goods | Rocky Brands targets savings as Q4 net sales soar | Compass Diversified foresees slower growth in 2022, postpones 5.11 IPO | New Wave’s sales growth driven by Sports & Leisure | Coleman helps boost Q4 sales at Newell Brands outdoor unit | Yeti forecasts topline growth of 18-20%; will adopt key strategies in Europe | USWE reports net sales growth of 119% in Q3 | Sport 2000 Germany reports best result in company history; Outdoor particularly on the rise | Weyco Group says Forsake brand will gain traction in 2023 | EOCA’s 2022 sustaining members provide funding to support conservation efforts | Isbjörn aims to reduce CO2 emissions by 50% by 2033, become net zero by 2045 | Salewa introduces the “committed” sustainability label | OrthoLite launches fully compostable midsole foam Cirql | Portugal Bike Value achieves double-digit increase in bicycle exports in 2021 | New Global GM for Gregory in the U.S., new structure for Europe | Odlo acquires Janus, moves wool production to Norway | Mountain Hardwear expands its leadership team | EOG Partner Page
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ArticleCanadian Tire Corp. unveils CA$3.4 billion investment strategy designed to bolster omnichannel capabilities
In March, at its Investor Day, Toronto-based Canadian Tire Corporation (CTC) announced a significant investment of CA$3.4 billion over four years to create an enhanced omnichannel customer experience. CTC’s strategic growth plan impacts multiple aspects of the group’s business, mainly in Canada, and builds on the company’s brand trust and ...
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News briefsSRAM gives apparel a try, acquires Velocio
Chicago-based bicycle component manufacturer SRAM has made its first foray into clothing with the acquisition of 9-year-old cycling apparel brand Velocio from New Hampshire. The two companies have worked closely together in the past, and Velocio was looking for a strategic buyer that could offer more independent product design and ...
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News briefsTwitter expands selling opportunities with Twitter Shops
Launched as a U.S.-only initiative at first, the new Twitter Shops service now offers merchants on Twitter the opportunity to showcase and sell up to 50 different products at a time. The new beta feature will display a “View shop” button just above a company’s tweets that leads to a ...
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News briefsFidlock unveils concept sneaker with Fidlock Winch system
On March 10, Fidlock, the German company specializing in innovative magnetic fasteners, unveiled a brand new Concept Sneaker with the innovative Fidlock Winch closure/adjustment system. The sneaker, an athletic shoe with the new Winch closure, will not be available to the public, but serve as a showcase for potential collaborations. ...
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ArticleWeyco Group says Forsake brand will gain traction in 2023
Weyco Group sees Forsake, the waterproof boot and sneaker brand it acquired for $2.5 million in June 2021, beginning to grow next year with a strategy that is currently in development. The brand targets 25- to 40-year-old consumers split evenly between men and women and focused on adventure enthusiasts. In ...
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ArticleOutdoor and sports industries create support initiatives for people affected by war in Ukraine
A wave of solidarity with both the refugees and the people of Ukraine is underway, and many practical initiatives have been launched in the last two weeks, many of which came from the players in our industry. The longer the war lasts, the clearer it becomes that only specific product ...
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Article
Newell Brands sets new sustainability goals in annual report
Atlanta-based Newell Brands Inc. (owner of Coleman and Campingaz, among others) has published its 2021 corporate citizenship report, highlighting the progress made against the goals set on operations, sustainability, diversity and inclusion. The biggest news from the report is the company’s official announcement of the goal to ...
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News briefsGlobetrotter to open first store in Trier
On March 31, German retailer Globetrotter will open its first store in Rhineland-Palatinate, Germany. The 1,500-sqm location at Dietrichstraße 50, next to Trier’s main marketplace, will host a full range of products of hiking, trekking, travel and everyday outdoor gear as well as a Fjällräven shop-in-shop. Before, the location was ...
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News briefsColumbia appoints new CMO
Columbia Sportswear Company has appointed Pri Shumate as chief marketing officer for its Columbia brand. In this role, Shumate will report to Joe Boyle, executive vice president and president of the Columbia brand, beginning March 14. Shumate has extensive global marketing experience, having worked at Nike for nearly 15 years, ...
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News briefsMVC takes part in Italian initiative against energy waste
MVC, the Italian group behind Sportful, Castelli, and Karpos, will join the “M’Illumino di Meno” (”I will use less light”) initiative on March 11, on the occasion of the 18th edition of the National Day of Energy Saving. The Italian offices of the group will organize a candlelight aperitif while ...
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ArticleClarus open to buy more “Super Fan” brands after record year
Clarus Corp., whose expanding portfolio now includes seven brands and three operating segments, generated a 99 percent increase in fourth-quarter net income to $14,046,000 from $7,069,000 on 56 percent topline growth to $118,183,000 from $75,947,000 for the period ended Dec. 31. Sales increased by 34 percent in the U.S. to ...
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News briefsNew footwear production technology introduced by Covestro, Cyclone and Huafeng
The German polymer supplier Covestro, textile technology company Huafeng and fiber technology company Cyclone from China announced the joint development of more sustainable production technology for running and sports shoes: The outer fabric is made from recycled polyester Cyclone yarns (rPET), selectively coated with Huafeng’s Haptic technology. Huafeng uses a ...
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News briefsAllied Feather and Down premiers jackets made with Mitsui design team and Pertex fabrics
A collaboration between Allied Feather and Down (AF+D), manufacturer Mitsui and fabric specialist Pertex, which began in the fall of 2021, has produced initial results available at alliedfeather.com/zeronrth and select retailers in Japan and Barney’s in New York. Originally released exclusively to the Japanese market, but now also available in ...
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News briefsArc’teryx celebrates employee No. 1 with emotional video for Women’s Day
Released on International Women’s Day 2022, the Canadian brand Arc’teryx honored its first-ever employee, Usha Parbhakar (neither a climber nor an outdoor athlete), with an emotional video. With the company for almost 30 years, she started in 1992 as the brand’s first and only sewer and made the very first ...
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News briefsKupilka launches circular economy pilot project
Kupilka, the Finnish manufacturer of ecological dishware and survival equipment, launched a circular economy pilot program in Germany on Jan. 1 in cooperation with the company’s German distributor, Impress Markets GmbH. During the pilot phase, customers residing in Germany will be able to send their Kupilka products to Impress Markets’ ...
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ArticleNew Global GM for Gregory in the U.S., new structure for Europe
Source: Gregory John Sears Gregory Mountain Products, one of the leading backpack manufacturers for more than four decades and headquartered in Salt Lake City, Utah, just revealed the appointment of John Sears to the company’s new global general manager, as of January. Sears has been with the ...
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News briefsL Catterton acquires Taxa Outdoors
Taxa Outdoors, a Texas-based manufacturer of lightweight, mobile habitats for outdoor adventure, today announced that it has been acquired by the Growth Fund of L Catterton, reportedly the largest global consumer-focused private equity firm. L Catterton is a former investor in Sweaty Betty or Peloton and currently owns 8.4 percent ...
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ArticleSport 2000 Germany reports best result in company history; Outdoor particularly on the rise
Sport 2000 GmbH continues to grow in Germany. The factored purchasing volume and external sales of the affiliated partner companies in Germany gave Sport 2000 the best result in the company’s history in 2021. As a result, Sport 2000 defends the position it already held in 2019 as Germany’s largest ...
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News briefsDonation record at Dynafit’s Snow Leopard Day
Dynafit recapped its International Snow Leopard Day 2022, which took place over the weekend of March 5-6, 2022. Thanks to the 2,031,686 meters of altitude covered by the participants and the sale of the exclusive Snow Leopard Day Limited collection, a total of €32,000 was raised, which Dynafit will donate ...
