All Outdoor Industry Compass articles in Volume 15, Issue 5 – Page 5
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News briefsOnline Brands Nordic recruits new CFO
Online Brands Nordic AB, the Gothenburg-based investment firm that just acquired Isbjörn of Sweden, is strengthening its organization with the hiring of Martin Carlsson as its new CFO. Carlsson has extensive experience in banking and finance and most recently worked at Nordea in the group mergers & acquisitions department. His ...
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News briefsCycle for Survival surpasses $300 million in donations
Cycle for Survival, a U.S.-based movement to fight rare cancers, has made history by raising more than $300 million in total donations through its signature stationary bike events. Since 2007, more than 1 million participants worldwide, including patients, caregivers, survivors, clinicians, researchers, staff and trustees, have participated in events to ...
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ArticleMips reports outstanding start into 2022
In the first quarter of fiscal 2022, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB reported preliminary net sales of SEK 137 million (€13.22 million), an increase of 65.1 percent year-on-year. Organic growth amounted to 48 percent during the quarter. It is mainly based on the success ...
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News briefs
Newell Brands’ outdoor sales lifted by early retailer orders
Newell Brands’ outdoor and recreation division’s first-quarter sales increased by 15 percent to $388 million, bolstered by accelerated orders of seasonal products by retailers, as operating income tripled to $45 million. Brands within the segment include Aerobed, Bubba, Campingaz, Coleman, Contigo, Marmot and Stearns. Core sales were 22.9 percent ...
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Article50 years after the sale of the brand, the Millet family has taken back the lead
Source: Millet Jean-Pierre Millet Millet Mountain Group, formerly part of the Swiss Calida Group and owner of the brands Lafuma and Millet, has completed its acquisition by the new main shareholder Jean-Pierre Millet (grandson of the brand Millet’s founders) and Inspiring Sport Capital, a private equity fund ...
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News briefsColumbia Sportswear to expand distribution center in Kentucky
Columbia Sportswear announced it will expand the capacities at its Robards, Kentucky, distribution facility. The company has operated a distribution center in the state since 2004 and plans to invest approximately $4 million in the facility and create more than 175 full-time jobs for employees and supervisory staff in the ...
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News briefsHans Eckerström succeeds Bengt Baron as chairman of Thule Group
At Thule Group’s Annual General Meeting, long-time board member Hans Eckerström was elected to succeed Bengt Baron as chairman of the board. Baron had decided in the fall of 2021 to retire from his role at this year’s AGM after eleven years on the board, the last four of which ...
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ArticleColumbia Sportswear posts double-digit sales gains in EMEA, U.S.
Columbia Sportswear’s first-quarter net income rose by 20 percent to $66.8 million as total sales increased by 22 percent to $761.5 million against $625.6 million for the period ended March 31. Operating income was down slightly at 11.0 percent versus 11.3 percent, while gross margin was off 170 basis points ...
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News briefsRapala VMC reels in 2022 outlook
Rapala VMC, the Finnish-based fishing tackle firm, is now forecasting its full-year 2022 comparable operating profit to be below what it was in 2021. The crisis in Ukraine, a cold and late spring in the Northern hemisphere and faster normalization in the U.S. after the Covid-19 pandemic are the drivers ...
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ArticleDometic sees Q1 sales jump 55% as M&A continues
Dometic generated sales of 7,518 million Swedish kronor (€727.0m) in the first quarter of 2022, up by 55 percent on the year earlier, as top-line growth continues to be underpinned by acquisitions. Organic growth at the Swedish specialist in mobile living products stood at 7 percent despite a challenging macroeconomic ...
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News briefsThe Microfibre Consortium calls for changes in production processes to control microfibers in wastewater
The Microfibre Consortium (TMC) has issued a call for the textile industry to control microfibers in wastewater during apparel production better. In a new statement on the issue, the TMC asks companies involved in the textile industry to get involved and support the development and implementation of new internationally recognized ...
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ArticleHelen of Troy sees Q1 boost from Hydro Flask, Osprey
Outdoor drinkware brand Hydro Flask led sales gains in the Home & Outdoor sales segment of El Paso, Texas-based consumer goods company Helen of Troy in the fourth quarter ended Feb. 28, with recently acquired backpack manufacturer Osprey Packs also boosting the segment’s topline. Sales in the Home & Outdoor ...
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ArticleFenix Outdoor sales rise 30 percent in first quarter
Fenix Outdoor International generated a 22 percent increase in first-quarter operating profit to €17.7 million on a 30 percent topline expansion to €165.2 million against €127.1 million. The outcome was negatively impacted by about €2 million in one-time additional transportation costs. But the strong results for the Fjällräven, Tierra, and ...
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ArticlePolygiene posts higher net sales in Q1, but sees decline in operating profit
Polygiene reported a rise in first-quarter sales, despite ongoing difficulties due to inflation, supply-chain constraints and the war in Ukraine. The Swedish firm reported net sales of 45.1 million Swedish kronor (€4.3m) for the three months to March 31, an increase of 7.5 percent compared to the same period last ...
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News briefsNaturkompaniet opens third store in Norway
Swedish retail chain Naturkompaniet opened its third store in Norway on April 28 at AMFI Moa in Ålesund. The company, part of Frilufts Retail Europe AB, owned by Fenix Outdoor International AG, said it plans to run about ten doors in the country by the end of 2023. “Our third ...
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News briefsNew outdoor show in Salzburg?
According to Fashion Network, Brandboxx Salzburg is launching its own outdoor trade show. The premiere in the Austrian order center is set for June 21-23 (one week after OutDoor by ISPO in Munich), the publication reports. The show is designed for hard and soft goods as well as innovations and ...
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News briefsGlobetrotter opens second city store in 2022
On April 28, outdoor equipment supplier Globetrotter is opening its newest store in downtown Augsburg in southern Germany. On three floors and around 1,000 square meters, the store in Annastrasse offers a broad outdoor range from the hiking, trekking, travel and everyday outdoor segments as well as brand stores from ...
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News briefsLenzing launches Tree Climate fabric collection for sustainable outdoor apparel
Lenzing, the Austrian manufacturer of wood-based specialty fibers, has launched the Tree Climate fabric collection of Tencel™, curated by outdoor fabric innovators David Parkes and Marco Weichert, at Performance Days in Munich. The new Tree Climate outdoor fabric collection features the wide range and versatility of the Tencel brand’s Lyocell ...
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News briefsHigg technology platform raises $50 million in Series B funding
Sustainability platform Higg has announced details of its $50 million Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners and Tom Steyer and Katie Hall’s Galvanize Climate Solutions, with participation from Series A partners Titan Grove and Buckhill Capital. With nearly 50,000 brand and ...
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News briefsElevate Textiles reports its sustainability efforts 2022
In its newly released sustainability report 2022, the U.S.-based fabric and components company Elevate Textiles (owner of yarn brand Gütermann and fabric company Burlington, among others) reveals the progress made and the goals set for the future across its brands. As reported in last year’s paper, the company has set ...
