All Article articles – Page 102
-
ArticleAre digital trade shows here to stay?
Source: OR Winter Online Many trade shows moved to digital platforms due to Covid-19 in 2020. It is too early to tell if 2021 will continue the pattern, but outdoor industry giant Emerald Holding Inc. just held its 2021 Surf Expo show in Orlando, Florida, live and ...
-
ArticleE-bike frame manufacturer Astro cooperates with electronics giant Darfon
To further advance the electrification of bicycles, Taiwan’s high-end OEM and ODM frame manufacturer Astro Engineering has entered into a cooperation with laptop/computer keyboard and electronic component manufacturer Darfon Electronics. On Feb. 1, this new strategic alliance officially became Astro Tech Co. Ltd. Based on the essence of e-bike design, ...
-
ArticleISPO Munich Online 2021: Overview and most important links
Under the motto “Sport is stronger,” this week’s ISPO Munich Online ( Jan. 1-5) will offer a great variety of new products, market trends and networking. In addition, attendees will have the opportunity to discuss important social issues for the future from a sports perspective. Due to the ongoing Covid-19 ...
-
ArticleSafilo's Q4 sales growth driven by North America and Asia-Pacific
Safilo’s fourth-quarter revenues rose by 3.0 percent at constant exchange rates thanks to strong gains in North America and Asia-Pacific, while European sales were hit by Covid-19-related lockdowns and a lack of tourists. However, on a reported basis, the company’s sales were down by 2.1 percent to €225.6 million. The ...
-
ArticleUnifi ends 2020 on a higher note
Unifi, a U.S.-based textile manufacturer of synthetic and recycled performance fibers, saw stronger-than-expected results in the second fiscal quarter ended Dec. 27, 2020. Net sales were down by 4.0 percent from the year-ago quarter to $162.8 million, resulting from lower selling prices connected with lower raw material costs and currency ...
-
ArticleEurope helps drive VF Corp’s momentum
After posting a loss for the first quarter of its financial year, ended June 30, VF Corp. bounced back in the second quarter, and the third fiscal quarter ended Dec. 31 confirmed this recovery, driven by Europe and China. The good progress, which was attributed in part to investments made ...
-
ArticleSalomon announces new sustainability goals, introduces XC ski core made of recycled PET foam
Salomon announced the implementation of a new, more sustainable design ambition across its entire winter sports category in addition to its 2019 Play Minded Program. The program includes, amongst other goals, the encouragement of consumers to act responsibly outdoors. Part of the program was also a concept performance road running ...
-
ArticleGreenstorm Mobility: new majority shareholder, new management
Greenstorm Mobility, a young Austrian e-mobility company that combines e-mobility with a sharing and second-hand concept, has a new majority shareholder and a new management duo. While a British private equity firm, Bregal Milestone, invested a “double-digit million amount” in 2018, it now gave another unspecified cash injection, making it ...
-
ArticleDigital natives are the most frequent cross-border e-commerce shoppers
A recent survey by eShopWorld, a privately held Irish company headquartered in Dublin with offices around the globe that provides a technology platform for brands and retailers looking to sell online to global markets, found out that younger, digitally native consumers aged 25 to 34 are the group that most ...
-
ArticleBetter-than-expected results for 3M
Sales of masks and other personal safety equipment in the midst of the pandemic boosted 3M’s sales in 2020. It saw growth across all business segments and geographic areas. During the fourth quarter, market demand remained strong in personal safety, home improvement, general cleaning, semiconductor, data center and biopharma filtration. ...
-
ArticleRocky Brands invests $230m to buy footwear brands from Honeywell
Rocky Brands has agreed to acquire the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close in the first quarter of 2021. The assets acquired are The Original Muck Boot Company, Xtratuf, Servus, Neos and Ranger. Thanks to the ...
-
ArticleAnti-dumping duties on e-bikes from China do not benefit EU manufacturers as expected
Due to the anti-dumping and countervailing duties on Chinese e-bikes announced in mid-January 2019, e-bike exports from China to the EU shrank by 84 percent to 105,803 units the same year compared to 2018. While this double-digit decline was entirely at the expense of e-bike manufacturers in China, who were ...
-
ArticleZwift appoints two new executives
Last September, Zwift Inc., a virtual cycling, running and triathlon training platform, raised $450 million (€371.22 million) from various investors to further expand its business. In January, the Californians announced two senior appointments: Shortly after Mark Cote was named senior director, content programming, YuChiang Cheng joined the Zwift team as ...
-
ArticleEU Commission calls for travel within the EU to be “strongly discouraged”
The European Commission has proposed the European Council to discourage non-essential travel between European Union member states amid high Covid-19 infection rates and concerns about new virus variants while avoiding border closures or blanket prohibitions that would impede the functioning of the internal market and supply chains. “The Commission proposes ...
-
ArticleStrong growth for Storck Bicycle
German bicycle manufacturer Storck Bicycle, which celebrated its 25th anniversary last year, says it is satisfied with its performance in the past fiscal year (2020) despite the challenges posed by Covid-19. “Although the impact of the Corona pandemic is affecting the entire industry, we are in an excellent position for ...
-
ArticleLeva-EU calls for change in legislation that discriminates against e-bike manufacturers over China components
Europe’s trade association and sole voice for the light electric vehicle industry, Leva-EU, says companies that exclusively assemble e-bikes face discrimination that threatens their existence. It also hurts the Green Deal goals outlined by the commission “and could severely hamper the EU’s net-zero emissions target.” Currently, e-bike ...
-
ArticleThe ISPO Award 2021 winners
Messe München has released the winners of the ISPO Award 2021 – with the exception of the Products of the Year, which will be revealed at this year’s ISPO Munich Online from Feb. 1-5. In total, there are 76 products in the four segments of Snowsports, Outdoor, Running & Fitness ...
-
ArticleBüchel integrates Kuhnert and Exal into group portfolio
In streamlining the organization, Kuhnert Drahtwaren and Exal Europe have been integrated into the Büchel Group. “Since Jan. 1 of this year, Büchel GmbH & Co. Fahrzeugteilefabrik KG has taken over the joint business operations of the two companies,” reads a statement from the German bicycle parts manufacturer’s corporate headquarters ...
-
ArticleStudy by Mastercard says Covid-19 accelerates technological innovations in winter sports
In a new study by the Center for Sports and Management at WHU – Otto Beisheim School of Management, conducted in an anonymous Delphi format with 46 winter sports experts, more than half (56 percent) of the participants predict that the industry will continue to evolve technologically and digitize in ...
-
ArticleSwedish DTC brand RevolutionRace with new chairman
RevolutionRace (RVRC), a Boras, Sweden-based D2C startup owned by Altor, a Stockholm-based private equity investment firm, has received a prominent addition to its board. E-commerce professional Paul Fischbein is taking over as chairman of the outdoor company that made around €50m in sales in 2020. RevolutionRace was founded by Pernilla ...
