All Outdoor Industry Compass articles in Volume 15, Issue 8+9 – Page 6
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News briefsOberalp Group expects growth to continue in 2022
The Oberalp Group posted revenues of €303 million in 2021, up from around €220 million in 2020. Oberalp owns the brands Salewa, Dynafit, Pomoca, Evolv, Wild Country and LaMunt. In an interview with Pambianconews, Oberalp’s board member Ruth Oberrauch said that the company expects revenues to increase further in 2022 ...
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News briefsPorsche’s e-bike joint ventures with Ponooc start operations
Source: Porsche AG Jan Becker, Chairman of the Management of the Porsche eBike Performance GmbH As reported earlier, German sports car maker Porsche is looking to expand its e-bike commitment. For that purpose, two joint ventures have started their business today, which Porsche has founded ...
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ArticleOutdoor goods in Russia enjoy a rise in popularity, despite skyrocketing prices
Demand for outdoor goods in the Russian online stores has jumped by 100 to 300 percent in the summer of 2022 compared with the same period of the previous year. One of the largest Russian online marketplaces, Sbermegamarket, said that in June-July, it sold 340 percent more goods for outdoor ...
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News briefsPeak Performance sustainability report 2021 published
The Amer Sports brand Peak Performance has published its sustainability report 2021. The comprehensive paper highlights the main actions taken during the year and delivers a full list of Tier 1 and 2 suppliers and material info. Besides the successes made, the long-term circularity goals are defined for product longevity, ...
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Short stops
Short Stops Week 31, 2022
PRODUCT & MARKETING +++ Black Diamond voluntarily recalls some Pieps and Black Diamond avalanche transceiver models due to a malfunction of the electronics in a small number of devices (more info here) +++ TRADE SHOWS & EVENTS +++ The Intertextile Shanghai Apparel Fabrics and Yarn Expo Autumn trade ...
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ArticleColumbia Sportswear releases 2021 ESG report
Just after publishing its FY22 sales and profit outlooks, Columbia Sportswear has released its 2021 environmental, social and governance (ESG) report, highlighting the progress made throughout 2021 in the three pillars of the company’s CSR strategy: empowering people, sustaining places, and responsible practices, with a focus on Columbia’s four primary ...
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News briefsIcebreaker publishes transparency report with a focus on regenerative agriculture
VF Corp. brand Icebreaker, headquartered in Switzerland since 2021, has published its latest transparency report, purposefully choosing earth overshoot day as a release date. The report mainly focuses on the efforts and successes the brand has made in regenerative agriculture, one of the important aspects of product circularity. The information ...
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News briefs
Quarterly outdoor recreation sales fell 5.7 percent for Newell Brands
Newell Brands, which reported a 5.7 percent drop in outdoor & recreation sales to $427 million from $453 million in the second quarter, said the segment’s core sales increased 2.5 percent during the period against a difficult year-ago comparison. Outdoor equipment revenues outside the U.S. fueled the sales gain in ...
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ArticleVF Corp. suffers quarterly loss, but EMEA is strongest region
VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...
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News briefsMore outdoor brands commit to Slide & OTS Winter
In the second year of the official collaboration between Slide and OTS, more outdoor brands have secured a spot at the 2023 winter edition. Show organizer Lesley Beck commented, “In addition to our returning snowsport and lifestyle brands, we have seen a noticeable increase in the number of inquiries coming ...
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News briefsCanyon receives reported $30m in new investment
Various press outlets are reporting that Canyon Bicycles has received an estimated $30 million in new capital from two investors. One is LRMR Ventures, the investment group run out of Akron, Ohio, by the NBA player LeBron James and his longtime associate Maverick Carter. (James took a minority interest in ...
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ArticleVista Outdoor’s Q1 net income up 23%
Vista Outdoor, the group that has just acquired Fox Racing and Simms Fishing, saw its total net sales increase by 21.1 percent to $802.6 million for the first quarter of its fiscal year 2023, which ended on June 26, 2022. The increase was driven by strong double-digit growth in Sporting ...
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News briefsVango and Trakke give tent fabrics a new life
Vango, the British specialist in camping and outdoor equipment, has teamed up with Glasgow-based backpack manufacturer Trakke to create a collection made from recycled tent fabrics. The limited-edition collection, called “Past Tents,” is a nod to Vango’s camping heritage and Trakke’s commitment to sustainable backpack design. The five models in ...
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News briefsVSF and BICO jointly expand support for the specialist bicycle retail trade in Germany
The board of directors of the German bicycle industry association VSF (Verbund Service und Fahrrad e.V.) and the supervisory board of the purchasing association Bike&Co (BICO) have signed a cooperation agreement at Eurobike to work more closely together. This covers the areas of product supply, training and education, and politics. ...
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News briefsPolygiene benefits from currency gains in Q2
Swedish antimicrobial textile treatments manufacturer Polygiene reports that its Q2 (ended June 30) net income more than doubled to 17.2 million Swedish kroner (€1.7 million) from SEK 8.3 million, while sales rose 1.3 percent to SEK 47.5 million (€4.6 million) from SEK 46.9 million. Sales in the Americas, including merchandise ...
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News briefsEOG welcomes new associate members
Earlier this year, the European Outdoor Group (EOG) agreed to expand its membership, meaning that companies from the group’s extended, industry-related value chain can join under the new “Associate Membership” category. The latest members include global logistics company Bleckmann from the Netherlands, Swedish equipment, label and packaging specialist Nilorn, and ...
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ArticleVista Outdoor acquires Simms Fishing Products
Shortly after announcing its acquisition of Fox Racing, a California-based global provider of high-performance motocross, mountain biking and lifestyle gear, for at least $540 million, Vista Outdoor Inc. has now confirmed that it will also acquire Montana-based Simms Fishing Products. Simms is a premium fishing brand and leading designer, marketer ...
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ArticleColumbia will lean on key markets for tempered FY22 sales growth
Simultaneously reporting results for its seasonally lowest volume quarter, Columbia Sportswear reduced its full-year sales and profit outlooks. The company is concerned about the current state of the consumer and potential retail order cancellations later this year. It cited deteriorating market conditions and the economic climate, particularly in the U.S., ...
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News briefsItalian Bike Festival to take place for the first time in Misano
The 5th edition of the Italian Bike Festival, the international trade show created in 2018 and organized by Milan-based Taking Off, will take place at the Misano World Circuit in Misano Adriatico on Sept. 9-11. The previous editions were held at the Parco Fellini in Rimini, but the organizers had ...
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News briefsVaude’s sustainability manager appointed to the German Federal Ministry’s advisory board on environment and sport
For the second time, Hilke Patzwall, Vaude’s sustainability manager, has been appointed as a subject matter expert to the “Environment and Sport” advisory board of the German Federal Ministry for the Environment (BMUV). Initiated in 1994, the advisory board is an important advisory body to the federal government and consists ...
