All Article articles – Page 42
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ArticleRapala’s H1 results sink on excess inventory woes
Already bracing for a significant drop in FY23 full-year comparable operating profit, Rapala VMC reported double-digit declines in net sales and comparable operating profit in H1. With the results, the Finnish group said it was implementing cost cuts across the organization to mitigate the lower turnover. Over the next 12 ...
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ArticleThule’s gross margin climbs despite sales and profit decline
Despite experiencing lower profitability and sales in Q2, Thule Group generated a record quarterly gross margin and a 47 percent increase in cash flow from operations as the Swedish company continued to prepare for new product introductions over the next 18 months.
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ArticleBike24 lowers FY forecast after gloomy prelim Q2 results
Looking at publicly traded e-commerce bike retailer Bike24 Holding AG’s preliminary dismal second-quarter results, it’s clear why the Dresden-based company also sent out a separate announcement to “adjust the forecast for the financial year downwards.” This move in itself demonstrates the gravity of the current situation. According to preliminary calculations, ...
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ArticleOutdoor sales down slightly in the U.S.
Overall sales in the outdoor industry were down by 1 percent in dollars and 4 percent in units over the year from May 2022 to April 2023. Industry volume amounted to $28 billion, or 24.4 percent more than the annual figure for calendar 2019. So reported analytic firm Circana’s executive ...
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ArticleA glimpse into a neighboring industry
Stephan Brutscher from Sunlight explains why collaborations between camper manufacturers and outdoor brands are the perfect match.
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ArticleDometic Q2 organic sales fall 10% as restructuring moves forward
Dometic generated sales of 8,329 million Swedish kronor (€725.5m) in the second quarter of 2023, down by a reported two percent compared to the year earlier and 10 percent lower on an organic basis. The Swedish specialist in products for outdoor and mobile living traced the decline in organic sales ...
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ArticleRab launches Material Facts on apparel and sleeping bags this fall
Source: Equip Material Facts Announced last year, the Material Facts program from British outdoor company Equip Outdoor Technologies Ltd, owner of Rab and Lowe Alpine, will be available on all Rab clothing and sleeping bags from September 2023 and can be accessed online by scanning a QR ...
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ArticleWhat you need to know about the EU’s Ecodesign for Sustainable Products Regulation
The Ecodesign for Sustainable Products Regulations are one step closer. We bring you a summary of everything you might need to know so far.
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ArticleGreenstorm Mobility faces termination of operations
On July 12, the Austrian e-mobility concept pioneer Greenstorm Mobility GmbH filed for insolvency. The Innsbruck regional court now has jurisdiction over the Kufstein-based company. Attorney Philip Paumgarten of the law firm Rechtsanwälte Waldbauer, Paumgarten, Naschberger und Partner was appointed as insolvency administrator. A once award-winning concept seems no longer ...
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ArticleBenefit from early bird rates as preparations for EOS 2023 enter final phase
Delivered by the European Outdoor Group (EOG) in partnership with Bundesverband der Deutschen Sportartikel-Industrie (BSI), this year’s European Outdoor Summit (EOS) will be hosted in Berlin on Sept. 28 and 29 at Festsaal Kreuzberg, an eclectic events and concert venue situated in the Treptow-Köpenick district, the largest and greenest neighborhood ...
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ArticleCreditor protection filing: VanMoof is granted payment suspension
On July 13, Dutch Bankruptcy File (FaillissementsDossier) reported that the responsible district court in Amsterdam has officially granted VanMoof Global Holding B.V. a temporary suspension of payments. The Dutch DTC provider of e-commuter bicycles, reportedly struggling with financial constraints for some time, had filed a corresponding petition on July 12. ...
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ArticleBetter Cotton signs UN pledge for traceability and transparency
Better Cotton, the world’s largest cotton sustainability initiative, has signed the United Nations Economic Commission for Europe (UNECE) Sustainability Pledge ahead of the launch of its traceability solution in late 2023. The Pledge is an open set of policy recommendations, guidelines and standards that enable industry players to authenticate their ...
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ArticleRad Power Bikes withdraws from the European market
On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...
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Article100 years of Lowa: Another record year and the search for new target groups
With the company now being in its 100th year, we talk to Lowa CEO Alexander Nicolai about expanding capacity, new segments and sustainability strategies.
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ArticleB2B event “Austria on Bike” goes into second round
After the successful premiere of ARGE Fahrrad’s (a subsidiary of the association of sporting goods manufacturers and sports equipment suppliers of Austria VSSÖ) testing and networking event Austria on Bike last year, the Austrian bicycle industry is again inviting retailers to the largest national bike region of Saalfelden Leogang in ...
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ArticleMammut expands repair service
Since 1992, the repair service of Swiss mountaineering outfitter Mammut has been ensuring that customers’ products remain in use for even longer. By anchoring reparability in the design process, with new service partners from summer 2023, and with proactive communication, Mammut now wants to encourage even more people to choose ...
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ArticleReview: The Sustainable Angle’s Future Fabrics Expo 2023
Two weeks ago, the doors opened at Magazine London to one of the largest global sourcing venues for sustainably and responsibly produced textiles and materials in the fashion industry. This state-of-the-art venue spans 3,200 square meters and is located across the river from Canary Wharf. From June 26-28, visitors had ...
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ArticleVista Outdoor appoints former Salomon executive as Simms president
Source: Vista Outdoor/Simms Jordan Judd Vista Outdoor, the parent company of 41 sporting and outdoor brands, has named Jordan Judd President of Bozeman, Montana-based Simms Fishing Products, effective Aug. 1. Simms was founded in 1980 and acquired by Vista Outdoor in 2022. The brand is part of ...
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ArticleHydro Flask faces market pressure, Osprey sales up in Q1
Adjusted operating income slipped by 8.9 percent to $34.3 million from $37.6 million for the Home & Outdoor segment of Helen of Troy for the first quarter ended May 31. Excluding a nearly $3.1 million impact related to the bankruptcy of retailer Bed, Bath & Beyond, Q1 operating income for ...
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ArticleNGO criticizes use of plastic products in textiles
AN NGO has denounced as “avoidance strategies” five tactics to deal with waste deployed by some of the biggest companies in the world
