All Article articles – Page 119
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Article
IFH predicts 10-year decline in German retail outlets; March ifo index plummets
(SGI+) The German Institute for Trade Research (IFH), based in Cologne, recently published a report, titled “Trade Scenario 2030,” predicting another large-scale reduction of stores in Germany over the next 10 years. By 2030, according to the IFH, the number of German retail companies will decrease again by up to ...
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ArticleAnta has a strategy for loss-making Amer
(SGI) Anta Sports Products reported a 30.3 percent increase in net income to 5,344 million yuan renmimbi (€695.4m-$752.2m) for 2019, while revenues increased by 40.8 percent to RMB 33,927 million (€4.4bn-$4.5bn). The gross margin and the operating margin reached a five-year high, but the net profit margin fell to record ...
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Article
Evo uses vacation days to fund hourly pay
Evo, an American multi-channel retailer of outdoor gear and fashion apparel, has encouraged its executives to give up vacation days and transform them into hourly pay for workers on furlough because of the coronavirus pandemic. So far at least 37 of them have made the sacrifice, each donating eight to ...
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ArticleGlobal recession expected, hopefully short-lived
(SGI) While the consumption of non-essential items like sporting goods is declining in Europe, the U.S. and some other parts of the world hit by the coronavirus pandemic, store traffic is picking up in China after having fallen by as much as 80 percent at the peak of the outbreak, ...
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Article
Covid-19: Companies take action
While many countries around the world have imposed severe measures like stay at home or curfews to prevent the spread of the coronavirus, some sporting goods manufacturers are using the collapse in demand for common consumer goods to convert their production capacities to help in this crisis. According to the ...
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ArticleNo pressure for the sale of Mammut
As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group. Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic uncertainty. For ...
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ArticleHeiQ and Polygiene help defeat coronavirus
HeiQ draws attention to the fact that its Viroblock NPJ03, an antiviral and antimicrobial textile treatment, has been tested effective against coronavirus in face-mask testing, reducing virus infectivity by more than 99.99 percent. The treatment could therefore prevent textiles from becoming a host surface for the propagation of harmful viruses ...
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ArticleHow the industry is affected by (and dealing with) the Coronavirus
We have already given you some information about the coronavirus situation on the websites of SGI Europe and the Compass in the past weeks, but of course there are new developments every day and hour. The explosion of the coronavirus pandemic, which now has Europe completely under control, has prompted ...
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ArticleIt’s Great Out There Coalition announces first 2020 grants
The It’s Great Out There Coalition, an international non-profit association launched in 2017 by the European Outdoor Group (EOG) and supported by some of the biggest outdoor companies and associations in Europe, has announced details of the first projects that will benefit from its grants program in 2020. Two #itsgreatoutthere ...
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ArticleLenzing focuses on specialty fibers to achieve sustainable growth
Due to a “historically difficult” market environment in 2019, Lenzing posted lower revenues and earnings for 2019. Sales reached €2,110 million, down by 3.3 from the previous year, hampered by lower selling prices and standard fiber volumes, the company said. The Ebitda margin narrowed by 2.1 percentage points to 15.5 ...
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ArticlePolartec starts to make some more noise
Polartec wants to raise its brand awareness with a bigger marketing budget under the ownership of Milliken & Company, the big American textile group that took over the fleece fabric producer a few months ago (Compass Vol. 12 N° 11+12 of June 28, 2019). It has already changed its logo, ...
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ArticleThe North Face is exploring new territories
The North Face is reserving some interesting new surprises in its footwear range for the spring/summer 2021 season, to be presented at the OutDoor by Ispo show in Munich later this year. At the last Ispo show in Munich, the brand created a sensation with its highly technical “Advanced Mountain ...
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ArticleClarus buys a case maker, after making further progress
Clarus Corporation, the parent company of Black Diamond, Sierra Bullets and SKINourishment, continues to make acqusitions in adjacent sectors. It has announced the takeover of SKB Corporation, a leading U.S. producer of protective cases. The purchase price of around $96 million will consist of $85 million in cash and 1,153,846 ...
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ArticleGrowing Hoka One One moves into apparel
Hoka One One, the fast-growing running footwear label of Deckers Brands, is launching its first apparel line for runners, walkers, fitness enthusiasts and outdoor adventurers. For the moment, the 27-piece collection for men and women will only be available online at the brand’s American website, hokaoneone.com. Twenty items are also ...
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ArticleU.S. cooler manufacturer Igloo turns green
Igloo, a U.S. cooler specialist, founded in 1947, has revealed a new business category focusing on community stewardship and education through more thoughtful products and initiatives – in short: Igloo wants to become the most eco-friendly cooler maker in the world and shrink its footprint considerably. In 2019, the company ...
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ArticleMyclimate Germany enables CO2 offsetting through German bog project
With the carbon offset project “Renaturation of the Königsmoor in Schleswig-Holstein”, myclimate Germany offers private individuals and businesses the opportunity for the first time to offset CO2 via a German carbon offset project. myclimate Germany, based in Reutlingen, Baden-Württemberg, is a non-profit climate protection organization and subsidiary of the Swiss ...
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ArticleA year of restructuring for Lafuma ahead of divestitures
(SGI+) Groupe Lafuma made efforts in 2019 to adapt to structural changes in its markets and in customer consumption patterns, with a decline in physical store traffic and an increase in online activity. The management said consumers now have higher requirements in terms of sales channels, innovation, quality, sustainability, proximity ...
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Article
American Outdoor Brands lowers guidance on coronavirus fears
American Outdoor Brands’ shares plunged by 30 percent after it sharply lowered its guidance for the current financial year, owing to the negative effects of the coronavirus outbreak. The parent company of Smith & Wesson and other operations now expects sales to stand between $650 and $660 million, down from ...
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ArticlePrimaloft will make more noise
(SGI) No figures are available, but Primaloft is said to have become very profitable after growing for a while at a double-digit rate every year. Some of the profits are going to be reinvested in consumer-oriented advertising to build up brand awareness, probably starting with the autumn/winter 2021 season, to ...
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ArticleThe outdoor market looks a little brighter
A preliminary survey conducted by the European Outdoor Group (EOG) among its members indicates that the European outdoor industry apparently fared better last year than in 2018, when its deliveries to the trade fell by an estimated one percent to €5.81 billion.
