All Outdoor Industry Compass articles in Volume 15, Issue 3 – Page 6
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News briefs
Verdane invests in Active Brands
Active Brands has brought another significant investment firm onboard alongside FSN Capital. Verdane, a European specialist growth equity investor, will become a new minority shareholder, according to a statement. FSN, an investor in Active Brands since 2017, will remain a shareholder. Active Brands owns the brands Kari Traa, Sweet Protection, ...
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News briefsShopify expects sales to decline when the pandemic ends
While the majority is hoping that the Covid-19 pandemic will have less and less of an impact on our daily lives in the coming months, that very prospect is apparently dampening expectations for annual revenue at e-commerce platform Shopify, according to online service t3n. The company is forecasting a decline ...
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News briefsRussia’s Kant reports jump in sales in winter months
With sales in November-December up 30 to 40 percent compared to the same period last year, Russian sporting goods retailer Kant reported that the current winter season is going exceptionally well. In January, sales declined slightly, but were still 15 to 20 percent higher than last year. Co-owner Maxim Vinogradov ...
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News briefsThe Microfibre Consortium invests in research and networking HR
Source: The Microfibre Consortium Dr Kelly Sheridan, head of research at The Microfibre Consortium Following the launch of the Microfibre 2030 commitment last year (which seeks a more active role for members and proactive, cross-industry work), The Microfibre Consortium (TMC) has expanded its team, adding three new ...
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ArticleSecond bike stock index and certificate ex-USA
In 2021, the first public donation bike certificate from Daubenthaler & Cie. based on the world’s first bike index celebrated its stock market debut with the “BeneFaktor Zertifikat Bike”. Now the German asset manager follows up with the “BeneFaktor Index Bike ex-USA,” which went live on Feb. 21 with index ...
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ArticleSportmaster expands into Russian provinces
Russia’s largest sporting goods retailer, Sportmaster, has unveiled plans to expand into cities with populations of up to 100,000 with a new store format. Sergey Agibalov, Sportmaster’s business manager, told the Russian Business Consulting agency that the new format would serve as an element of its omnichannel development strategy, in ...
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News briefsAllegion appoints global OEM sales director for Axa and Trelock
Source: Allegion Security technology company Allegion plc has appointed Ralph Prins as global OEM sales director for its Axa and Trelock bicycle lock brands. With this move, Allegion aims to further deepen the OEM sales segment structure for both brands. Starting in March 2022, Prins will operate ...
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News briefsAndrew Denton appointed to ukactive members’ council
Andrew Denton, chief executive of the British Outdoor Industries Association (OIA), has been appointed to ukactive’s Members Council, along with thirteen other leaders from the health & fitness sectors. ukactive grew out of the Fitness Industry Association (FIA), which was founded in 1991 as a trade organization for the fitness ...
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News briefsAllbirds launches ReRun trade-in program
With a trade-in program that is offered in several Allbirds stores in the U.S., the shoe company takes its first steps into the pre-owned market. Within the newly launched ReRun program, customers can trade in their used Allbirds footwear for an in-store discount of $20. Used shoes will be offered ...
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News briefsHövding looks to expand geographically after a “year of change”
Sweden’s manufacturer of bicycle airbags, Hövding, summed up the full year 2021 in its latest quarterly report. The company’s new CEO, Sofia Svensson, said, “We have gone through major changes both operationally and financially. The changes have resulted in improved gross margin and lower fixed costs as a percentage of ...
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Short stops
Short Stops Week 8, 2022
PRODUCT & MARKETING +++ Rumpl, a U.S. manufacturer of technical blankets, announced the launch of a limited-edition blanket designed by Washington-based professional mountain biker and artist, Brooklyn Bell +++ The California Highway Patrol, Valley Division Air Operations, is the sixth search and rescue organization to use the Recco SAR helicopter ...
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News briefsCake sets the new standard for sustainable meal deliveries, Houdini supplies clothing
Cake, the Swedish manufacturer of lightweight premium electric scooters and a member of the SOG, has developed a concept for the sustainable delivery of prepared meals. The solution is based on electric scooters with powered delivery boxes that keep the food at the desired temperature. The concept is aimed at ...
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News briefsOutdoor Broker merges with Bergzeit GmbH
With a clearance sale including discounts up to 70 percent, German overstock dealer Outdoor Broker is preparing its merger with Bergzeit GmbH. Outdoor Broker has already been working closely with Bergzeit GmbH at its administrative headquarters in Otterfing, Bavaria, since 2017. Due to the overlapping customer base, the two companies ...
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News briefs
ISPO Shanghai takes place in June
Messe München’s Chinese representative has announced the dates for this year’s ISPO Shanghai. The show serves as the leading multi-segment summer trade show for the sports industry in Asia. Originally scheduled for mid-July, the event will now take place June 16-18, 2022, at the Shanghai New International Expo Center (SNIEC). ...
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News briefsH.A.D. continues to expand its sales team
Pro Feet Functional Wear GmbH, the parent company of the German headwear specialist H.A.D., has appointed Timo Intek as the successor to the long-standing head of sales, Birgit Riese. Intek will also personally take over customer service for the German states of Hesse, Saarland, Rhineland-Palatinate starting in March, replacing Christian ...
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News briefsMystery Ranch promotes Alex Kutches to president
After Dana Gleason and Renée Sippel-Baker, who founded Mystery Ranch in 2000, retired from day-to-day operations, Alex Kutches, who was responsible for sales and marketing for seven years, has been named president of the Bozeman, Montana-based backpack brand. Kutches joined Mystery Ranch in 2014 after long stints in leading sales ...
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ArticleYeti forecasts topline growth of 18-20%; will adopt key strategies in Europe
Yeti’s current outlook for 2022 calls for 18-22 percent revenue growth, but an EPS range some 3.4 percent below the current Wall Street consensus as it faces “significantly higher” inbound freight costs and an increase in costs for raw materials such as resin and stainless steel. On the upside, the ...
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ArticleCanadian Tire beats sales estimates in Q4 as consumers splurge on sports goods
Toronto-based Canadian Tire Corporation (CTC) reported better-than-expected fourth-quarter revenue, driven by a surge in spending on sporting goods, garden equipment and home decor during the Christmas season, along with higher fuel prices at its petrol stations. The company, which owns the Norwegian outdoor brand Helly Hansen, said total revenue for ...
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ArticleHaglöfs reports record year
Haglöfs has announced – without releasing figures – that it achieved strong sales and record profits in 2021. The company attributes the positive performance to continuous improvements in its brand experience, products, and distribution channel mix. Haglöfs has also raised the bar for its sustainability work with an ambitious new ...
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ArticleConstruction of the new Dynafit headquarters has begun
In the near future, Dynafit will be headquartered in Kiefersfelden, a town at the German-Austrian border in Upper Bavaria. On Feb. 17, the Oberalp Group, the owner of the Dynafit brand, broke ground for the construction of a new office building. Two striking structures with offices, a climbing hall, a ...
