All Article articles – Page 101
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ArticleRobust sales and earnings for Thule
Swedish Thule Group saw its sales soar by 32.6 percent from the year-ago quarter to 1,605 million Swedish kronor (€159.3m-$193.2m) or 44.6 percent in constant currencies. Net income jumped to SEK 164 million (€16.3m-$19.7m), from SEK 30 million for the fourth quarter of 2019. The gross margin expanded by 1.8 ...
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ArticleMesse München sees first ISPO Munich Online as a success
Messe München has hailed its first fully digital ISPO Munich Online, which took place Feb. 1-5, as a success shared with the industry, thanks to its commitment to the world’s leading sporting goods event. According to the organizer, the virtual Expo Area, with 545 exhibitors, and the complementary congress with ...
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ArticleShimano reports a good year
Despite restrictions across the world in response to Covid-19, interest in bicycles and fishing boosted demand for Shimano’s products. The Japanese company’s sales in 2020 were up by 4.1 percent from 2019 to 378,040 million yen (€2.98bn-$3.61bn), while net income increased by 22.5 percent to ¥63,472 million (€501.2m-$606.5m). The gross ...
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ArticleFenix ends 2020 in the red
The Fenix Outdoor International group posted weak results for the fourth quarter of 2020. The management said that the quarter started well, with strong reorders and brick-and-mortar sales that were showing signs of improvement. However, the second wave of the pandemic and civil unrest in the U.S. – which led ...
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ArticleBike Exchange: IPO on Australian Stock Exchange
Source: Bike Exchange The Australian company behind Bike Exchange, Rpro Holdings Limited, went public with its “world’s leading digital bike marketplace.” Since Feb. 9, the marketplace has been listed on the Australian Securities Exchange (ASX) in Sydney under the name Bike Exchange Limited. The share code is ...
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ArticleJohnson Outdoors sees good results in Q1
Johnson Outdoors delivered another strong quarter thanks to robust sales of fishing, camping and watercraft recreational products. The management said that the pandemic has resulted in increased consumer interest and participation in the great outdoors, which created a high demand for outdoor products during the last half of the prior ...
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Article2020 another record year for Pierer Mobility
According to first preliminary figures, Austrian two-wheel giant Pierer Mobility AG closed the 2020 fiscal year with its tenth record in a row. The group sold a total of 326,471 motorcycles and e-bikes. With this number, the stock-listed company generated total sales of €1.53 billion in 2020. However, this is ...
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ArticleEU panel proposes restrictions on lead use in fishing and outdoor firearms use
The European Chemicals Agency (ECHA) has brought forward a proposal for further EU-wide restrictions on the use of lead in fishing sinkers and lures, and ammunition for hunting and outdoor sports shooting. The proposal addresses the risks of lead in these activities to people, wildlife and the environment. ECHA assessed ...
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ArticleGoPro Q4 revenue misses estimates, but subscriber numbers soar
GoPro posted weaker-than-expected fourth-quarter revenue as Covid infections and tighter restrictions hit Christmas sales. Still, it remained upbeat over plans to become a subscription-based direct-to-consumer (DTC) operation. The action camera maker reported revenues of $358 million in the three months to Dec. 31, down 32 percent from a year earlier ...
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ArticleRecord sales for Deckers Brands
Deckers Brands’ sales surged in the third financial quarter ended Dec. 31, 2020, boosted by demand for Ugg and the continued global expansion of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 14.8 percent from the same period last year to a record $1,078 million, with ...
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ArticleA new agenda for circularity that includes textiles
A new initiative to promote the transition towards a circular economy was launched by leaders from business, government, finance and civil society during a landmark online event on Feb. 4. The Circular Economy Action Agenda was developed collectively by more than 200 experts from 100 organizations as a call to ...
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ArticleE-commerce lifts Canada Goose’s sales
Robust online sales globally have returned Canada Goose to growth in the third fiscal quarter. Revenues for the three months ended Dec. 27, 2020, progressed by 5.0 percent to 474.0 million Canadian dollars (€309.5m-$363.8m). E-commerce was a bright spot, surging by 39.3 percent, which partly offset store closures of 30 ...
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ArticleColumbia bounces back in Q4
Columbia Sportswear Company performed better than expected in the fourth quarter and predicted that results would return to its 2019 level next year. The group’s net income was down by 16 percent from the year-ago quarter to $95.8 million, a strong improvement from the third quarter. The bottom line includes ...
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ArticleISPO and EOG announce Outdoor by ISPO Global Summit Edition in July, physical and digital
Source: ISPO Munich Online 2021 On Feb. 5, Tobias Gröber, executive director business unit consumer goods Messe München, and Mark Held, president of the European Outdoor Group (EOG), announced in their impulse speech at ISPO Munich Online that Outdoor by ISPO will return to Munich on July ...
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ArticleVista Outdoor’s momentum continues
Vista Outdoor reported another record set of results for the third quarter, after a better-than-expected second quarter, led by ammunition sales and revenues from the recently-acquired Remington business. The U.S.-based manufacturer of ammunition and outdoor sports products said that sales surged by 35 percent in the three months ended Dec. ...
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ArticleISPO Open Innovation becomes ISPO Collaborators Club
The ISPO Group announced at the ISPO Munich Online trade show event that it is expanding its ISPO Open Innovation platform and turning it into the ”ISPO Collaborators Club.” So far, the crowdsourcing platform has brought brands and consumers together to test sports products, develop new ideas and share them. ...
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ArticleMyStromer opens EU service center in the Netherlands
On Feb. 1, Swiss s-pedelec pioneer MyStromer opened a new EU service center in Treurenburg, the Netherlands. Kobe Broos, former market manager, Stromer Benelux, was appointed managing director of the new subsidiary Stromer Europe B.V. In a first step, accessories and spare parts for EU customers will be delivered directly ...
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ArticleBezos hands over leadership of Amazon
Jeff Bezos will hand over the chairmanship of Amazon’s board in the third quarter of 2021 to Andy Jassy, the head of the cloud business Amazon Web Services (AWS). Amazon made the announcement on Feb. 2 after the U.S. stock market closed in Seattle. Source: Amazon Jeff Bezos ...
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ArticleAmer Sports appoints new CEO for Arc’teryx, plans to accelerate DTC
Amer Sports has announced the immediate appointment of Stuart Haselden, a retail industry executive, to the newly created position of CEO of Arc’teryx Equipment, based in Vancouver, Canada. He succeeds Jon Hoerauf, Arc’teryx’ president, who has decided to leave the company to pursue other plans. In his new role, Haselden ...
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ArticleSocks by Darn Tough and “Bernie mitten” maker Jen Ellis sell out in 24 hours
Sock maker Darn Tough Vermont and mitten maker Jen Ellis partnered to make a custom premium Merino wool sock that mimics the now-famous mittens Bernie Sanders wore on Inauguration Day. The socks, called JENerosity, were to benefit the Vermont Foodbank and sold out within a single day. Source: ...
