All Article articles – Page 46
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ArticleBleed fears business shutdown, attempts rescue via transparency and community support
Source: Bleed Founder and CEO Michael Spitzbart would like to save his company. Bleed, the sustainable outdoor label from southern Germany, should be celebrating its 15th anniversary this year. However, in an open letter/video on the brand’s website and Social Media (German-language video below), founder and CEO ...
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ArticleChristoph Engl, CEO Oberalp: “We observe that mountain experiences can take place in a virtual world”
Learn how Oberalp sees itself and the outdoor industry moving into the metaverse, what Second Life is and if turnover is still growing.
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ArticleUSWE reports ongoing consumer demand in Q3 despite challenging macroeconomic conditions
Despite challenging macroeconomic conditions, Swedish company USWE Sports AB’s net sales increased 27 percent in the third quarter (ending December 31, 2022). During the quarter, direct-to-consumer sales performed strongly, with demand for the group’s USWE, Giant Loop and Void brands increasing and online sales growing. However, distribution channels are still ...
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ArticleSales growth for Canada Goose in Q4 driven by EMEA, Asia Pacific
Higher direct-to-consumer revenues coupled with the absence of pandemic-related restrictions helped Canada Goose achieve double-digit revenue growth in the EMEA and Asia-Pacific regions in Q4 ended April 2. Period operating income was C$17.2 million (€11.9m) versus C$0.9 million, but the group reported a net loss of C$10.0 million (€6.9m) against ...
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ArticleBrompton Bicycle confirms first capital increase in 35 years
Source: Brompton Will Butler-Adams with the one-millionth Brompton bike Brompton Bicycle, known for its folding bicycles, has been independent since 1975 and is owned by founder Andrew Ritchie and current CEO Will Butler-Adams, their friends, families and employees. A partnership with BGF, one of the largest and ...
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ArticleLowa joins Fair Wear Foundation
As the first footwear-only manufacturer with production in Europe, Lowa has become a member of the Fair Wear Foundation at the beginning of 2023. The German outdoor footwear specialist, celebrating its 100th anniversary this year, is thereby committed to fair and responsible production processes along the entire supply chain and ...
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ArticleAlbrecht von Dewitz Foundation continues to support outdoor activities and environmental education in schools
The German Vaude Sport Albrecht von Dewitz Foundation has been supporting school projects throughout Germany with the “Outdoor macht Schule” (Outdoor is school) program since 2020. The aim of the program is to link outdoor activities and environmental education with each other and make mountain sports tangible for children and ...
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ArticleAlpkit: An outdoor brand building success through community
Alpkit is reaping rewards from its event-based community. We look at how building a community can help generate and retain customers.
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ArticleVF makes further leadership changes at two of its brands
Following the management restructurings at Dickies, Altra, Smartwool and Icebreaker in early April, VF Corp. has announced additional changes in the executive ranks of two of its brands. Source: VF Corp Werner Bossenmaier The company has transferred former Timberland EMEA vice president of marketplace Werner Bossenmaier to ...
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ArticleIGOT announces #itsgreatoutthere grant recipients
The It’s Great Out There Coalition (IGOT) has confirmed details of eight grassroots initiatives that have received #itsgreatoutthere grants of up to €5,000. The projects will collectively deliver more than 1,300 days of outdoor activities in six different countries. Launched in 2017 by the IGOT, the #itsgreatoutthere grant program supports ...
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ArticleWeSports acquires Finnish bicycle wholesale company
WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has announced the acquisition of Finnish bicycle wholesaler Huntteri. The strategic partnership will significantly strengthen WeSports’ presence in Finland and provide for a rapid rollout of Huntteri in Scandinavia. ...
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ArticleUS Outdoor Alliance presents handbook to expand outdoor recreation while fighting climate change
Expanding access to outdoor recreation while combating climate change and preserving biodiversity are some of the key benefits of natural climate solutions. That’s according to a new policy report released by the Outdoor Alliance (OA), a nonprofit coalition of ten national advocacy organizations working to protect public lands and waters ...
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ArticleAddnature with losses in FY22, no immediate improvement expected
According to ehandel.se, Swedish outdoor online retailer Addnature, founded in 2000 and a wholly owned subsidiary of Internetstores Group since 2013, which in turn is part of Signa Sports United (SSU), has had a year of ups and downs. In its most recent financial statements for fiscal 2022 (October 2021 ...
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ArticleLeatt faces stark comparison with last year’s Q1 numbers
Even as South African protective equipment maker Leatt Corporation chalked up last year’s record sales as the best in its history, in the second half of the year, supply chain issues, inflation, weak consumer demand and a strong US dollar had already led to high inventory levels and a decline ...
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ArticleYeti Q1 sales inch up despite recall impact, sees return to double-digit growth in Q4
Yeti’s sales in the first quarter of 2023 rose by 3 percent to $302.8 million, despite being affected by a stop sale of certain soft coolers included in voluntary recalls implemented due to safety concerns.
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ArticleJack Wolfskin delivers a “nice quarter of growth” for Topgolf Callaway
Topgolf Callaway Brands, the parent group of Jack Wolfskin, beat earnings and sales forecasts for its first financial quarter but trimmed profit forecasts. CEO says the outdoor wear and equipment brand outperformed expectations in China, although headwinds in Europe persist.
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ArticleGiant Q1: Overstock harming sales in the West
Inventory reductions in the European and North American markets, as well as the higher year-on-year comparison base, have had a direct impact on the first quarter results of bicycle producer Giant Manufacturing Company Limited (Giant Group). The Taiwanese company had to swallow a 9.6 percent sales drop compared to the ...
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ArticleThredUp making progress towards profitability
ThredUp Inc. CEO James Reinhart said he was “confident in our ability to flex our marketplace, invest in strategic growth opportunities, and make progress towards profitability” as the resale platform announced its financial results for the first quarter ended March 31, 2023.
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ArticleOrbea posts seventh consecutive year of growth
Without losing sight of its values and identity as a cooperative, Basque bike manufacturer Orbea S. Coop has become a leading and globally recognized bike supplier. As the company announced at its AGM on May 6, it now employs more than 1,000 people worldwide. 80 percent of them in its ...
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ArticleRevolutionRace sees sales growth accelerate after top line grows 13% in Q3
Despite weak consumer sentiment and extensive markdowns, RevolutionRace’s top line rose by 13 percent to 414 million Swedish kroner (€37.1m) in Q3.
