All Outdoor Industry Compass articles in Volume 15, Issue 8+9 – Page 5
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News briefsJohnson Outdoors focuses on managing global supply chain issues
The U.S. parent of a portfolio of fishing, diving, camping, and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak, saw its third-quarter gross margin dip to 36.1 percent from 45.7 percent in the year-ago period due to increased material costs that were driven by supply chain dynamics. With ...
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ArticleBoardriders publishes first ESG and CSR report
Roughly 16 months after Arne Arens, the former The North Face Europe CEO, took over as new chief executive officer of the Boardriders group, the company has released its ESG and CSR report 2020/21, which is the first of its kind. The group’s purpose, mission and foundation are supported by ...
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ArticleU.S. outdoor industry study examines recreation and outdoor companies’ hiring challenges
The Oregon State University’s center for the outdoor recreation economy, with support from Basecamp Outdoor, Path to Peak education and consulting and the Confluence of States, has conducted a new Outdoor Industry Workforce Assessment for the American Outdoor Industry Association (OIA) and the Outdoor Recreation Roundtable. The study aims to ...
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ArticleJack Wolfskin sales grow double-digit despite headwinds in China and Europe
Callaway reported record second-quarter results, driven by sales and operating profit growth at its top golf facilities. Callaway said pricing and other business improvements implemented in the first half of the year enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.” Net ...
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ArticleYeti sees plenty of upside from markets outside U.S.
Yeti, the premium drinkware and cooler brand, says it will focus on driving consumer relevance and “developing optimal omnichannel distribution” in the six European markets, Japan and Australia, where it already has brand penetration. After launching a website in the U.K. in 2019, the company added websites in Germany, France, ...
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ArticleCompass Diversified lifts guidance after Q2 sales surge by 19%
Compass Diversified (CoDi) lifted its outlook for the full year after a 19 percent rise in second-quarter net sales growth driven by Boa Technology and Lugano Diamonds. Net sales rose to $515.6 million from $431 million a year earlier. Net income increased to $31 million compared to a net loss ...
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News briefs10th annual OIA conference features inspiring speaker lineup
The tenth annual OIA Conference will be held Sept. 7 and 8 in Sheffield, England, at the Crowne Plaza Royal Victoria. The list of speakers published by the Outdoor Industries Association around the key theme of “Open up the outdoors for everyone, how our industry can welcome the new, challenge ...
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ArticleOutDoor by ISPO stays at MOC for one more year, changes date
In a joint statement, the European Outdoor Group and Messe München have announced that the next OutDoor by ISPO will be held at MOC, in the north of Munich, just like the most recent 2022 edition of the show. However, the date is changing, and the show is now scheduled ...
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News briefsNew joint Textile Tracer Assessment report released by Fashion for Good and Textile Exchange
Fashion for Good and Textile Exchange have jointly released the Textile Tracer Assessment, an analysis and guide of physical tracer technologies for the industry. According to Textile Exchange, the assessment aims to benchmark capabilities and applications to help suppliers and brands choose the right solution for their traceability models and ...
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ArticleLenzing sees “significantly higher” Ebitda as H1 revenues jump
Specialist fiber maker Lenzing Group said it expected annual Ebitda to be significantly higher after reporting a 25 percent jump in half-year revenue, driven by higher fiber prices. The company said revenue in the six months to June 1 rose to €1.3 billion, compared with £1.03 billion a year earlier. ...
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News briefsNew global bike show planned in Portland in 2023
According to BikePortland, the city in the U.S. state of Oregon will host a new bike show next year called the MADE Global Bike Show, a new “industry and consumer bike event with a mission to bring frame builders, media and makers together to elevate and inspire.” It is scheduled ...
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News briefsSpecialized acquires U.K. retail chain Rutland Cycling
Specialized has taken over Rutland Cycling, an independent cycle retailer in the U.K. Founded in 1981, Rutland currently has 12 stores in operation. Big Growth Fund, the London-based investment firm that became the largest shareholder in the company in March 2014, will be completely exiting the business. Simon Homer, managing ...
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News briefsVittoria issues €5 million sustainability bond through UniCredit
Italian bicycle tire specialist Vittoria, owned by its management and private equity fund WISE Equity, has issued through UniCredit a €5 million ESG (Environmental, Social, and Governance) sustainability-linked bond, which will help finance its investments in capacity and innovation in Thailand and Italy. The bond has a duration of six ...
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News briefsRecco and Non-Stop Dogwear join SOG
SOG (Scandinavian Outdoor Group) is welcoming two new members: Recco, the well-known search and rescue technology brand from Sweden, and Non-Stop Dogwear, a Norwegian brand that outfits dogs and their owners with outdoor gear and clothing. The pan-Scandinavian group now counts 70 industry members.
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ArticleHydro Flask releases sustainability improvements and emissions goals
Hydro Flask has released news on its sustainability efforts. As of spring 2022, the Helen of Troy brand has switched to Forest Stewardship Council (FSC)-certified packaging, including 80-100 percent recycled content, and eliminated single-use plastic packaging for more than 90 percent of the brand’s products. Working with its parent company, ...
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News briefsWoom cooperates with kids’ eyewear brand SooNice
Source: woom The Austrian children’s bike brand Woom is collaborating with the children’s sunglasses label SooNice, also from Austria, to launch a special edition of the SooNice Sunnies. Every newly purchased Woom Original 2, 3 or 4 bike now comes with a pair of these special edition ...
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News briefsRocky Brands’ margins hurt by cost pressures
Rocky Brands suffered a significant decline in second-quarter gross margin to 33.2 percent from 37.4 percent in the year-ago quarter due to higher products and inbound freight costs coupled with higher logistics expenses. Despite the negative impacts, the company said it did not experience any noticeable sales slowdown related to ...
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ArticleClarus generates 37 percent of quarterly revenue gain from acquisitions
Clarus Corp, the Utah-based parent of Black Diamond and Rhino-Rack among others, reported a 16.8 percent increase in second-quarter operating income to $7,791,000 from $6,668,000 million for the period ended June 30. Net income increased by 105 percent year-over-year to $3,764,000 from $1,840,000. Gross margin slipped slightly to 38.0 percent ...
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ArticleNew report on Myanmar garment worker’s situation
After Myanmar’s military illegally seized power on Feb. 1, 2021, garment workers – mostly women – have been on the front line of the country’s civil disobedience movement to restore democracy in Myanmar. According to a newly released report by the Business & Human Rights Resource Centre (BHRRC), at least ...
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News briefsEquip hires new head of marketing
Source: Equip Outdoor Technologies Trudi Boswell Trudi Boswell, a long-term outdoor industry veteran, has joined the Equip Outdoor team as the new head of marketing for the Equip brands Lowe Alpine and Rab. For over five years, Boswell has worked at Mammut, filling the role of managing ...
