All Article articles – Page 107
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ArticleEU believes that Amazon has violated competition rules
The European Commission believes Amazon violated competition rules by unfairly benefiting from non-public data on independent sellers who use its marketplace, it said in its preliminary findings from an antitrust investigation underway against the American e-commerce giant since last year. The European Union’s executive body added it was also launching ...
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ArticleGoldwin releases knitted sweater made of plant-based biopolymer fabric
In 2015, the Japanese ski and outdoor brand Goldwin and a biomaterial innovator, Spiber, started working on the practical application of structural protein materials – called Brewed Protein™ – in the outdoor industry. Brewed Protein refers to artificial protein materials produced from plant-derived biomass using a proprietary fermentation process. These ...
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ArticleBlack Diamond sales improve but remain below last year
Clarus Corp reported third-quarter sales for Black Diamond (BD), the group’s biggest brand, that bounced back from the second quarter, when revenues were hit by store closures in Europe and America. However, BD still posted an 8 percent decline in revenues compared with the third quarter of 2019, primarily due ...
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ArticleJack Wolfskin’s owner Callaway up on golf momentum
Callaway Golf Co. saw sales for the third quarter rise by 12 percent to $475.5 million, thanks to the rising popularity of golf after lockdowns ended, as the sport can be practiced while respecting social distancing guidelines. The golf equipment segment’s sales soared by 27 percent from the year-ago quarter ...
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ArticleSpinnova, Bergans and Halley Stevensons launch second Collection of Tomorrow product
One year after the Finnish fiber company, Spinnova, and outdoor company Bergans of Norway presented their innovation project called The Collection of Tomorrow, which aims to develop 100 percent circular textile products only using renewable resources, the two partners are launching a second product, the Spinnova x Bergans Shirt. ...
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ArticleGoPro's DTC approach drives profits
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro’s net income for the ...
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ArticlePentland publishes first annual Positive Business Report
Pentland Brands has released a new report in which it outlines its new three-pillar “Positive Business” strategy. It is based on: building purpose-led brands; reducing its environmental footprint; and promoting circularity and collaboration. Pentland Brands owns Speedo, Berghaus, Canterbury of New Zealand, Endura, Mitre, Ellesse, SeaVees, Kangaroos and ...
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ArticleCraft's parent can feel the pandemic, recovers a bit in Q3
The New Wave Group, the Swedish company behind Craft, said actions to prioritize costs, earnings and cash flow bore fruits in the third quarter. The operating margin gained 4.3 percentage points to 12.0 percent due to these efforts. It was only the second time in the company’s history that it ...
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ArticleInterview Ischgl: “We have learned a lot”
The past winter did not necessarily end pleasantly for the Austrian ski resort of Ischgl, which was previously known primarily for après-ski and mega concerts in addition to its ski slopes. In spring, when the novel coronavirus had finally found its way to Europe, Ischgl became something like the European ...
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ArticleVista Outdoor’s shares soar on good results and upbeat guidance
Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, saw its stock rise by 8 percent after posting strong results for the second fiscal quarter ended Sep. 27. It also released a positive outlook for the next quarter. Sales surged by 29 percent to ...
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ArticleCanadian Tire’s retail business grows in Q3 thanks to online, Helly Hansen recovers
Sales of Helly Hansen, the Norwegian manufacturer of outdoor apparel and workwear, which has been owned by Canadian Tire since 2018, decreased in Q3 by 3 percent from 159.5 million to 155.4 million Canadian dollars, a strong sequential improvement after the 21 percent decline in the second quarter. At constant ...
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ArticleInterview LaMunt: “Women are no longer mere appendages in mountain sports”
The South Tyrolean Oberalp Group, which owns the Salewa, Dynafit, Wild Country, Evolv and Pomoca brands, has presented the new mountain sports brand LaMunt, exclusively for women, at the Oberalp Convention. It is scheduled to be launched in stores in winter 2021/22. Ruth Oberrauch, creator of the brand and daughter ...
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ArticleYeti sees strong Q3
Yeti, the American brand of coolers and drinkware and other outdoor equipment, recorded a 29 percent gain in revenues to $294.6 million, driven by strong growth in direct-to-consumer (DTC) sales, which increased by 62 percent to $150.4 million. This was led by both Coolers & Equipment and Drinkware, as the ...
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ArticleCanada Goose posts unexpected profit
Thanks to strong demand from China, Canada Goose posted an unexpected profit in the second fiscal quarter. After posting heavy losses in the first quarter, it has now returned to profits with a net income of 10.4 million Canadian dollars (€6.7-$8.0m) for the three months of its second quarter ...
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ArticleWolverine's revenues decline but exceed expectations
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the group’s own e-commerce ...
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ArticleChanging of the guard at Rossignol
(SGI) After 16 years at the helm of Groupe Rossignol, Bruno Cercley will hand over the position of CEO to Vincent Wauters, who joins the company on Dec. 1, to pursue the global development of Groupe Rossignol’s core business while continuing to develop the enormous potential of apparel and e-commerce. ...
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ArticleThe Chill Foundation is officially launching in Europe
25 years after Donna Carpenter and her late husband Jake Burton Carpenter, owners of Burton Snowboards, founded the non-profit organization in the U.S. and after 13 years of running small, non-formalized programs in European countries, the Chill Foundation has announced the official launch of its youth-development programs in Europe. With ...
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ArticleEOG and Suston organize digital industry event
The European Outdoor Group (EOG) and Suston, a publication for sustainable outdoor news based in Stockholm, have finalized the program for a digital event that will take place Nov. 18-19 called “Sustain the Momentum.” The online event will ask whether the industry can support the rising interest for the outdoors ...
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ArticleColumbia posts lower sales and earnings
After a difficult first half of 2020 due to the impact of the pandemic, Columbia Sportswear Company performed better in the third quarter, but results remain far below those of last year. Its net income tumbled by 47 percent from the year-ago quarter to $62.8 million, while sales dropped by ...
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ArticleLafuma’s board approves Calida’s offer
In a lengthy and detailed press release, Lafuma reported that its board of directors is recommending acceptance by its minority shareholders of a preliminary offer made on Oct. 2 by Calida Holding to acquire the balance of the shares it doesn’t own at a unit price of €17.99. The price ...
