All Outdoor Industry Compass articles in Volume 15, Issue 5
View all stories from this issue.
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OpinionEarth Day: For hippies, greenwashing, or a real opportunity for brands?
With many brands marking the occasion, will Earth Day become just another gimmick? Our expert shares how brands can meaningfully take part.
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PDF NewsletterOutdoor Industry Compass: Vol 15 - No 5
Columbia Sportswear posts double-digit sales gains in EMEA, U.S. | Fenix Outdoor sales rise 30 percent in first quarter | Dometic sees Q1 sales jump 55% as M&A continues | RevolutionRace sees 50% Q3 sales gain despite supply chain problems | Johnson Outdoors gets lift from camping, but fishing sinks | Helen of Troy sees Q1 boost from Hydro Flask, Osprey | Bike24 reports solid Q1 sales and earnings in a difficult environment | Haglöfs’ growth challenges its CSR goals | Moncler records 61% sales growth in Q1 | Rocky Brands almost doubles Q1 net sales driven by strong wholesale performance | Vista Outdoor to separate into two; Q4 and FY profits soar | Thule increases sales by 20% in Q1, maintaining margins | Shimano maintains guidance as sales growth continues to slow | Clarus’ outdoor results impacted by supply chain, logistics | Polygiene posts higher net sales in Q1, but sees decline in operating profit | Lenzing’s Q1 revenues grow double-digit despite rising costs | Yeti sees big growth potential outside U.S. | Mips reports outstanding start into 2022 | Fox Factory forecasts overheated bike product sales “back to normal” in winter 2022 | Solo Brands records 19% sales increase in Q1 | Weyco sales nearly double in Q1 | Restricting the use of PFAS: Multinational and cross-industry activities underway | Online Brands Nordic completes acquisition of Nordic Kidswear and Isbjörn of Sweden | Alpkit receives growth funding, plans to launch footwear this summer | Super Retail Group unveils sales, strategies for three banners | TVS Motor Group acquires majority stake in another European e-bike company | + EOG Partner Page
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News briefsGregory sales decline slightly in Q1, impacted by Asia and Europe
Samsonite International reported that Gregory Mountain Products sales declined 4 percent to $15.1 million in Q1 2022 from $15.8 million a year earlier, making it the only Samsonite brand to report a decline in the period. Sales in North America increased 5 percent due to the easing of social distancing ...
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News briefsHelly Hansen pauses Russian ops; Q1 sales up 24 percent
Helly Hansen has “temporarily paused” its operations in Russia due to the war in Ukraine, the company’s publicly traded parent Canadian Tire Corporation (CTC) has announced in a filing. The outdoor brand’s business in Russia consists of 41 retail stores and an e-commerce site, employing more than 300 total. CTC ...
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News briefsJack Wolfskin positioned for growth as Callaway lifts group guidance
Callaway Golf raised annual guidance after a strong first quarter, driven by its Topgolf driving range venues, strong performances from its other segments and positive signs from its Jack Wolfskin brand. Revenue for the three months to March 31 rose 59.6 percent to $1.04 billion (€990m). Adjusted Ebitda was up ...
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News briefsGlobetrotter presents outcome of Innolab start-up support at festivals
German retailer Globetrotter is giving some products from its Innolab a public platform at the two-day events of this year’s outdoor festivals in Berlin and Hamburg. The Innolab program was launched by Globetrotter in 2020 and offers start-ups in the outdoor equipment sector advice and support for their market entry. ...
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News briefsSolo Brands with new CFO and new board members
Solo Brands has appointed Somer Webb as CFO, effective May 16. Sam Simmons, the company’s current CFO, will remain with Solo Brands to ensure a smooth transition. Somer brings more than 15 years of financial experience to Solo Brands. She has extensive experience in financial planning and analysis, mergers and ...
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ArticleBike24 reports solid Q1 sales and earnings in a difficult environment
German online cycling, running and swimming sports retailer Bike24 Holding AG increased its sales in the first quarter of 2022 “in a challenging environment and driven by consistent execution of its European expansion strategy” by a solid 7.3 percent to a total of 61.79 million euros. According ...
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ArticleSolo Brands records 19% sales increase in Q1
Solo Brands, the U.S. DTC company owning the Solo Stove, Oru Kayak, Isle paddleboards and Chubbies apparel brands, said its sales increased 19.0 percent to $82.2 million in Q1 2022, ended March 31, compared to $69.1 million in the first quarter of 2021. The increase was driven by the acquisitions ...
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News briefs
TNF Renewed moves forward with IT enhancements and a new cleaning technology partner
The North Face is rolling out a new website and shopping experience for its resale offering Renewed, launched in 2018. TNF will now work with resale technology provider Archive and clean technology and logistics company Tersus Solutions. The Archive technology aims to deliver information about a Renewed item’s lifecycle, from ...
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News briefsResale company Trove has a new CEO
Trove, the California-based branded e-commerce specialist that counts Patagonia, Arc’teryx, REI, Allbirds and Lululemon among its clients, announced that its president, Gayle Tait, who has also been a company board member since January 2021, was promoted to CEO. Andy Ruben, who has served as CEO since the company’s launch in ...
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News briefsBig Agnes opens new European headquarters
Colorado-based outdoor equipment brand Big Agnes has opened its new European headquarters in Amsterdam, from which it will directly serve its core European markets, including the Benelux countries, Scandinavia, the U.K. and France. By the end of next year, five employees will be working there in customer and dealer service, ...
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News briefsFelix Jahn, grandson of company founder, is new CSR manager at Schwalbe
The former Schwalbe product manager urban/trekking/e-bike, Felix Jahn, is the new corporate social responsibility (CSR) manager of the German brand that belongs to the family-owned company Ralf Bohle GmbH. All current and new projects relating to sustainability and social responsibility will now be centralized in the newly created position. Jahn ...
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News briefsVibram reinvigorates Five Fingers with new global campaign
Italian company Vibram is revitalizing its Five Fingers category by launching a global digital campaign that kicks off with a “move freely” video. The film takes viewers on a journey of historical discovery: Through footprints discovered in various environments, a researcher tracks the habits and movements of the owners. The ...
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News briefsHaglöfs promotes Sara Lindqvist to new head of business development
Haglöfs has hired Sara Lindqvist as head of business development to take responsibility for future business models for the brand and bringing new ideas to life. The hiring of Lindqvist is related to a new business unit at Haglöfs, “New Ventures,” which focuses on models outside of the brand’s core ...
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News briefseVent expands its sales team
eVent strengthens its sales department with employees in North America, China and Southern Europe.
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ArticleStudy: Germans want to continue to invest in outdoor equipment
Three-quarters of Germans want to buy outdoor equipment in the next 12 months. Albeit, the products that are of interest change slightly.
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ArticleYeti sees big growth potential outside U.S.
Yeti’s first-quarter international sales rose 45 percent to $37.4 million from $25.8 million to account for 13 percent of period revenues and Yeti management thinks the segment can grow to more than 20 percent of its overall business over the long term. Despite current geopolitical headwinds in Europe, Yeti is ...
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News briefsVanMoof expands leadership with Gillian Tans in new role as president
Source: VanMoof Gillian Tans The Dutch e-bike company VanMoof announced the appointment of Gillian Tans as president. Tans, previously CEO at Booking.com, takes on the newly created position immediately. During her 20-year tenure, Tans oversaw Booking.com’s massive expansion from a Dutch start-up to the world’s leading online ...
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News briefsPrimus starts global outdoor cooking content hub in three languages
Swedish cooking equipment specialist Primus has launched a new platform for outdoor recipes. Besides blog content and packing tips, the Primus Camp website is a source of recipes for outdoor cooking and will be updated regularly with new meals, as the company states. “Cooking in the outdoors should feel easy ...
