All Article articles – Page 106
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ArticleShopify reports new records for Black Friday/Cyber Monday weekend
After releasing record Black Friday results a few days ago, the Canadian e-commerce software company Shopify has updated its data for the entire Black Friday/Cyber Monday weekend. The more than one million Shopify-powered brands around the world have reported sales of $5.1+ billion. From Nov. 27 through Nov. 30, total ...
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ArticleBurton sells Channel Island Surfboards
After purchasing the brand in 2006, Burton Snowboards has now decided to sell the Californian surf brand Channel Islands Surfboards back to a group led by members of the Channel Islands management team. Founded in Santa Barbara in 1969 by Al and Terry Merrick, the company is now headquartered in ...
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ArticleMarket for fishing gear to grow by 4% CAGR 2021-2027
According to a new report by Allied Market Research, a market research and business-consulting wing of Allied Analytics, the global fishing equipment market will grow by a compound average annual growth rate (CAGR) of 4 percent from 2021 to 2027, reaching $16.10 billion by 2027. The emergence of innovative fishing ...
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ArticleAre we going to ski this winter?
Europe is dividedWith the ski season approaching, a discussion about winter sports during the Corona crisis has flared up. Italy’s Prime Minister Giuseppe Conte wants to keep ski resorts closed at least until Jan. 10, 2021. The German Chancellor Angela Merkel is calling for a joint decision by the member states of ...
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ArticleOutdoor stands out at Schwan Stabilo
The outdoor division of the German Schwan Stabilo Group recorded a drop in revenues for its financial year ended June 30, 2020, due to pandemic-related lockdowns from mid March to early May 2020. Sales declined by 5.1 percent from the previous year to €159.7 million. All four brands in the ...
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ArticleKathmandu’s revenues keep surging thanks to surf label Rip Curl
Following record sales for its financial year ended on July 31, boosted by the acquisition of Rip Curl in October 2019, Kathmandu Holdings kept the momentum going during the start of its new financial year. In a trading update, the company said that revenues for the first fiscal quarter ended ...
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ArticleA quarter of European firms need support or face a cash shortage in 2021
About a quarter of companies in the Eurozone will need more government support in 2021 to avert a cash-flow crisis, according to the French credit insurance company Euler Hermes. “The first wave of Covid-19 lockdowns caused a stronger-than-expected profitability shock for most European non-financial corporate” during the first half of ...
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ArticleBritish delivery service fears uncontrollable Black Friday
London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a £5.55bn (€6.2bn-$7.4bn) on Black Friday-Cyber ...
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ArticleOrtovox publishes fifth Social Report
The fifth social report released by the German mountain sports specialist Ortovox is entitled “Sustainability Insights,” because it is all about ”the people who move the company with their beliefs and commitment.” Source: Ortovox Product designers Jasmina Vo-Van and Sonja Lugmaier The sporting goods company that is ...
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ArticleJack Wolfskin has found a new CEO
Richard Collier will be the new chief executive officer of Jack Wolfskin, effective Dec. 1. In this function, the 47-year-old Briton will be responsible in particular for the successful continued development of the strategic brand positioning and the further internationalization of the brand. He succeeds Melody Harris-Jensbach, who has been ...
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ArticleAnalysis: Pushing the boundaries of what a sports store can be
Everyone has a sport. We’re not talking about a gym membership, but full immersion into a discipline, where we have to have the right clothing, equipment and an app to help with training and motivation. Whether it’s working towards a black belt in Taekwondo, competing in triathlons or mastering yoga inversions, sport has become serious. In addition, there are other driving factors such as the increasing interest in wellness, more female participants in more sports and the acceptance of leisure wear in almost all areas of life. This is pushing growth in the sporting goods market, and it also has a knock-on effect on what we expect from our sports stores. If we’re prepared to spend a good amount of our disposable income in this area, we want the brands we chose to offer above and beyond the everyday retail journey.
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ArticleGoldwin’s profits dwindle
Goldwin’s revenues dropped by 16 percent in the second quarter to ¥19,358 million (€157.4m-$182.5m), while net income tumbled by 59 percent from the year-ago period to ¥915 million (€7.4m-$8.6m). The company’s gross margin fell by 1.4 percentage points to 50.6 percent. The company said that the impact of the coronavirus ...
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ArticleBlack Friday, and how our industry deals with it in times of Covid-19
While in many consumer goods sectors, it seems that people still don’t think about how our planet suffers from fast, cheap, and unsustainable shopping, some members of the outdoor industry have tried to resist the sell-out madness for quite some time now. In the home country of Black Friday, the ...
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ArticleCanada Goose wants to keep the planet cold and the people warm
After unveiling its Sustainable Impact Strategy in April and building on these core values and outlining its vision for the future, Canada Goose has now presented a new digital platform called Humanature that unites the brand’s sustainability and values-based initiatives and represents the “driving force of Canada Goose’s enduring purpose ...
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ArticleArc’teryx opens first Icon Store with flexible DTC services
Arc’teryx has launched a new retail store concept called The Icon Store. The first store was opened in Walnut Creek, California, on Nov. 12 with 77 square meters of floor space, inspired “by wood-frame backcountry huts.” The compact store is designed to streamline the shopping experience by showcasing only a ...
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ArticleOdlo successfully pursues its sustainability goals
Swiss performance sportswear brand Odlo has published its sustainability report for the 2019/2020 financial year, in which the brand has achieved significant improvements in terms of product, environmental and social responsibility. Despite the effects of the worldwide Covid-19 pandemic, the brand has made significant progress and demonstrated its long-term commitment ...
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ArticleWFSGI to assist the sporting goods industry to bridge period of recovery
The World Federation of the Sporting Goods Industry (WFSGI) has shared the outcome of the October edition of its WFSGI Covid-19 Impact Survey. As a summary, the federation said that “the industry has a plan, but will need time to adopt and adapt to changes triggered by the pandemic.” Executive ...
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ArticleFesi publishes Covid survey ahead of European Commission conference
(SGI) The European Commission is organizing a major conference on Nov. 17 on the recovery of the sports sector after the coronavirus crisis. The Federation of the European Sporting Goods Industry (Fesi), which has taken part in a survey that will be unveiled during the conference, said it hopes that ...
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ArticleGregory dropped by 13% in Q3, in group that fell by 65%
Gregory’s sales declined by 13.0 percent to $15.9 million in the third quarter. They again outperformed the results of Samsonite International’s less functional brand of backpacks, High Sierra, which plunged down by 70.2 percent to $4.5 million. Across all the numerous brands of Samsonite, sales went down by 74.6 percent ...
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ArticleA glimpse into next year’s Ispo shows
(SGI) The three top executives of Messe München charged with Ispo’s development and digital transformation – Tobias Gröber, Jeanettee Loos and Markus Hefter – gave a few details about the format of the next Ispo Munich and OutDoor by Ispo shows at the end of the virtual general assembly of ...
