All Outdoor Industry Compass articles in Volume 15, Issue 8+9 – Page 4
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ArticleWolverine beats expectations in Q2, but lowers FY guidance
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
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News briefsSchwan-Stabilo employees finish 84,637km in charity sports challenge
The employees of the Schwan-Stabilo group (staff of Deuter, Ortovox, Maier Sports and Gonso being among them) have mastered the first global Schwan Sports Challenge, a charity project that supports initiatives for clean drinking water and reforestation. All Schwan-Stabilo sites lined up in a row make up a distance as ...
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News briefsBluesign implements sustainability attributes for approved chemical products in its Finder
With a new element integrated into the Bluesign Finder listing of Bluesign-approved chemicals, the Swiss certification platform aims to improve the transparency of data associated with listed chemical products. In addition to the existing functionality within the Finder, Bluesign System Partner suppliers can specify selected sustainability assets for their approved ...
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ArticleTextile waste allegedly used as fuel for brick kilns in Cambodia
Unearthed, a subsidiary of Greenpeace, has issued a new report, stating that off-cuts from Cambodian textile factories mixed with wood are being used to fuel brick kilns on a large scale. The kilns need to stay fired for several days at a temperature of 650° C to burn the clay ...
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News briefsDidriksons invests in international growth
The Swedish outdoor brand Didriksons has broken new sales records, according to ehandel.se. “We are seeing an increase of 30 percent compared to last year. This is going to be our best year ever; we had the best spring ever,” Petra Sabo, head of DTC at Didriksons, commented on the ...
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ArticleArchroma acquires Textile Effects business from Huntsman
The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...
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ArticleBike24’s bright spot in difficult times is its young international business
Thanks to sales increases in Spain, France and Italy, the listed German cycling, running and swimming sports online retailer Bike24 Holding AG was at least able to significantly grow its international business. Nevertheless, the Dresden-based company had to accept a decline in sales of 4 percent to €67 million in ...
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ArticleChange of ownership at family-owned bicycle supplier Stevens
Source: Stevens Stevens founders and brothers Wolfgang (left) and Werner von Hacht. As he reached the age of 65, company co-founder Wolfgang von Hacht retired from the management of Stevens Vertriebs GmbH. His 50 percent share in the German bicycle supplier, which once emerged from a Hamburg ...
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News briefsEcologyst Outfitters to acquire upcycling specialist Frankie Collective
Canadian company Ecologyst Outfitters Inc., an apparel manufacturer with an assortment of 100 percent natural fibers, announced that it has signed a definitive agreement to acquire Frankie Collective, a Vancouver-based company offering upcycled women’s streetwear made from used and unsold garments. With the acquisition of Frankie Collective, Ecologyst opens an ...
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ArticleToyota Tsusho supports Patagonia’s Tee-Cycle™ circular T-shirt project
In a press release, Toyota Tsusho Corporation, a trading arm of the Toyota Group, announced that it is participating in Patagonia’s Tee-Cycle™ T-shirt recycling project. Toyota Tsusho is a diversified group involved in various businesses, including the manufacture of metals, chemical products and electronic components, automotive components and industrial machinery, ...
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News briefsMammut releases ESG report, covering 2021 achievements and future goals
In the company’s first sustainability report, Mammut provides an update on the social and ecological efforts along its supply chain in 2021. Mammut has been an EOCA member since 2006 and a founding member of the UN Fashion Industry Charter for Climate Action. Since 2008, the brand has been audited ...
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ArticleWeyco's key brands rise sharply, relaunch of Forsake planned for next year
Weyco Group reported double-digit sales increases for each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise by ...
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News briefsArc’teryx opens first stores in Yunnan with Songtsam
Luxury boutique hotel group Songtsam has announced the opening of the first two Arc’teryx / Songtsam stores in Yunnan, a province in the southwest of the People’s Republic of China. One is the Arc’teryx Mountain Classroom Shangri-La Center, located in the Songtsam Linka Retreat Shangri-La. The second store is located ...
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ArticleSilva with new corporate appointments
After Silva was acquired by Northern European specialist growth equity investor Verdane in mid-2021, the new owner presented a comprehensive business plan until 2025, focusing on growth in the main markets of Sweden, Norway, the U.K. and Germany. It also identifies marketing as one of the key success factors, along ...
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News briefsVista closes acquisition of Fox Racing
Vista Outdoor announced the closing of its acquisition of California-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance (OIC reported earlier). The addition of Fox Racing allows Vista Outdoor to add another category-leading brand ...
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Short stops
Short Stops Week 32, 2022
EXECUTIVE CHANGES +++ Lise Aangeenbrug, executive director of the U.S. Outdoor Industry Association (OIA) since July 2020 and executive director of the Outdoor Foundation (OIA’s philanthropic arm) before that, will resign effective Aug. 19 to join the National Park Foundation +++ According to a LinkedIn post, Haglöfs has hired Erik ...
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News briefsEscapa opens Madrid’s largest bike store
The Spanish cycling chain Escapa has just opened the largest bike shop in both the city and the autonomous community of Madrid, according to CMDsport. Owned and operated by Quadis, which describes itself as Spain’s largest network of automotive dealers and repair shops, Escapa has, over the past few years, ...
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ArticleFox Factory with new sales records, gives cautious outlook
U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...
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ArticleGiant Group reports historic quarterly record
With a record-breaking second quarter under its belt, Taiwanese bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) has increased its H1 sales by 7.2 percent to a total of TWD 45.01 billion (€1.47 billion). Considering the rising inflation worldwide and the war in Ukraine, this is an excellent result. In ...
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ArticleBombardier acquires majority stake in German bike transmission specialist Pinion
Pinion, a Stuttgart-based manufacturer of a fully sealed manual bike transmission “Made in Germany,” which is based on sports car gearbox technology, has gained a new strategic partner in the Canadian group Bombardier Recreational Products Inc. (BRP), which has also become a majority shareholder alongside the founders and managing directors ...
