All Article articles – Page 118
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ArticleVF lowers outlook and announces refinancing
While releasing new financial data and targets and announcing new measures to refinance itself, VF Corporation indicated that it wants to acquire more fast-growing action brands like Altra or Icebreaker and become more “vertical,” boosting a direct-to-consumer (DTC) business that has come to represent 39 percent of its turnover. As ...
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ArticleGoPro shifts focus to DTC
While cutting costs, GoPro has decided to shift more of its business to the direct-to-consumer (DTC) channel as its sales have gone down because of the quarantine-shuttered brick-and-mortar retail sector. Accordingly, the American brand of action cameras has hired a chief digital officer – Aimée Lapic, former chief marketing officer ...
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ArticleGermany, Austria and other EU countries begin to ease retail restrictions
(SGI+) German chancellor Angela Merkel announced this week that certain types of shops could reopen in Germany as of April 20. In addition to car dealerships, bicycle shops and bookstores of all sizes, retailers for “non-essential items” can reopen their doors as long as they do not exceed a sales ...
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ArticlePolygiene benefits from antiviral technologies
Polygiene said its revenues grew in the first quarter of 2020, despite production being halted across Asia due to the coronavirus outbreak. According to preliminary estimates, the Swedish company’s sales rose by 4.3 percent from the year-ago quarter, which the management partly attributed to the group being able to deliver ...
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ArticleVaude launches local delivery service platform
To support the specialized retail trade in times of the Covid-19 crisis, Vaude has set up a package of measures that should help the its retail partners to generate sales despite shop closures. This includes several options: local delivery service, support for online business and an accommodating approach to delivery ...
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ArticleGarmin supports initiative of the Robert Koch Institute to contain Covid-19
A new app called “Corona-Datenspende” (“Corona Data Donation”) presented by the German Robert Koch Institute (RKI) provides information on the distribution of the coronavirus in Germany. Users of the app, which is only available in the German app stores, voluntarily share selected health data that will help RKI scientists to ...
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ArticleColumbia and VF executives cut their paychecks
Without going as far as Tim Boyle at Columbia Sportswear, Steve Rendle, chairman, president and chief executive of VF Corp., has pledged to cut his compensation in half for the next four months to help save cash for the fight against the coronavirus outbreak. Boyle, president and CEO of Columbia, ...
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Moody’s is pessimistic about Amer’s outlook
Moody’s downgraded its ratings for Amer Sports’ debt to the lowest level possible, issuing a pessimistic short-term outlook for the company, acquired a year ago by Anta Sports Products and other investors. Moody’s expects a 20 percent decline in the group’s revenues this year, noting that its products are subject ...
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ArticleKathmandu’s sales jump by 52% on Rip Curl acquisition
Kathmandu Holdings had record sales and profit for the first half of its financial year, ended on Jan. 31 2020, boosted by the acquisition of Rip Curl during the period. Revenues were also driven by a good performance by its New Zealand business and robust sales at Oboz, the American ...
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ArticleInterview with Heiner Oberrauch, president of the Oberalp Group
Heiner Oberrauch Source: Oberalp Group We recently heard a lot about the Salewa brand and its operational decisions and support programs during the Covid-19 crisis. After the interview with Salewa’s managing director Stefan Rainer, the Compass now had the opportunity to speak to Heiner Oberrauch, president of ...
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ArticleCovid-19: Letter from Mark Held, EOG President
Source: European Outdoor Group Mark Held, EOG President Mark Held, the president of the European Outdoor Group (EOG) has issued an open letter to the outdoor industry, urging businesses to work together during the Covid-19 pandemic, in order to help as much of the sector as possible ...
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ArticleThe industry’s reaction to the Covid-19 pandemic
(SGI+) We hope you have already made use of our “Corona tickers” on our SGI Europe and Outdoor Industry Compass websites, which provide you with a constant stream of new information on what the industry is doing to combat the spreading Covid-19 pandemic. We believe it is important to let ...
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ArticleThe industry stock value dips by 32.3% in Q1 2020
In a highly volatile market for stock-listed equities in general, the share price of 12 major publicly trading companies that play a substantial role in the outdoor sporting goods market declined on average by 32.3 percent between the beginning of this year and March 27, due to the coronavirus pandemic. ...
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ArticleAustrian retail associations join forces to prevent bankruptcies
For some of the approximately 950 members represented by the seven specialized trade associations in Austria across different sectors of consumer goods (EK Servicegroup Austria, Interspiel, ModeRing, ANWR Garant Austria, Sport 2000 Österreich, Vedes and Spielzeug-Ring), the current business shutdowns due to the Covid-19 crisis could easily end in bancruptcy. ...
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ArticleGregory continues to outperform
Gregory Mountain Products continued to outperform other brands in the portfolio of Samsonite International last year including High Sierra, the group’s more lifestyle-oriented brand of backpacks. Gregory raised its total turnover by 20.3 percent to $69.8 million in 2019, rising by 21.0 percent in constant currencies. The growth was driven ...
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ArticleWolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate through ...
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ArticleRecap of the OIA Annual General Meeting 2020: Climate, Covid-19 and Brexit
by Charles Ross The Outdoor Industries Association (OIA) Annual General Meeting (AGM) started on Monday, March 16, at a time when everything was changing with speed in the UK. Developments with Covid-19 meant that only half the registered delegates turned up to the annual conference. The audience ...
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ArticleSalewa cancels SS 2021 textile collection: Interview with Stefan Rainer
To support its retailers during and beyond the ongoing Covid-19 pandemic, the Italian outdoor brand Salewa decided to skip the SS 2021 textile collection. Outdoor Industry Compass spoke with Stefan Rainer, managing director of Salewa, about the rationale and context of this decision. Source: Alex Moling/Storyteller-Labs Stefan Rainer, ...
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Contradictory reports from Russia on the coronavirus epidemic
(SGI) Russian sporting goods retailers reported a 28 percent increase in sales during the first week of March as compared to the same period of the previous year, according to the Russian government. The explanation offered by Tass, the state-owned news agency, is that the coronavirus epidemic has encouraged a ...
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ArticleAdventure travel and outdoor experiences: The way out?
The areas of outdoor equipment, outdoor retail and outdoor travel are moving closer together. Several premium outdoor brands have already acquired or partnered with outdoor guides and tour operators, the most recent examples are Norrøna Hvitserk Adventures and Arc’Teryx Trips or Jack Wolfskin’s Wolftrail, but let’s not forget the Mammut ...
