All Article articles – Page 71
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ArticleRebike Mobility completes another round of financing, expansion outside Germany planned
Rebike Mobility GmbH, a German provider of used e-bikes founded in 2018, has announced the completion of a new round of capitalization. Leading the round is Circularity Capital, a European investor for growth companies in the circular economy. The new co-investors Tengelmann Ventures and Parkshore Holding bring strategic experience to ...
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ArticleGovernment-funded VeloLab founded to encourage innovation in the German bike sector
A new platform called VeloLab was launched in early April 2022 with the goal to strengthen the bicycle as a means of transport in Germany. As a funding project of the Federal Ministry of Digital Affairs and Transport (BMDV) within the national cycling plan (NRVP) framework, VeloLab is a digital ...
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ArticleGerman fashion chain Adler to enter outdoor business with McTrek
Germany’s Adler Modemärkte is cooperating with McTrek Retail GmbH to enter the outdoor product market with its more than 130 Adler stores in Germany, Austria, Luxembourg and Switzerland. Adler Modemärkte AG, a company that had been strong with private labels in the past, went into insolvency in 2021 and was ...
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ArticleRestructuring of SRAM’s European OE sales team
After seven successful years as director of OE sales Europe at bicycle component manufacturer SRAM Group (brands Avid, Hammerhead, Quarq, Rockshox, SRAM, Time Sport, Truvativ, Zipp), Uwe Reichelt is entering his well-deserved retirement. The German company has already used the last few months to reorganize and expand the European OE ...
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ArticleOutdoor and bike industry stocks fall nearly 18% in Q1
Our quarterly analysis of the outdoor stock market shows a 17.84 percent sequential decline in the average stock prices of 31 public companies primarily involved in the outdoor and bicycle sectors between Jan. 1 and March 31. Broader market conditions weighed on the sector, which had posted stock price increases ...
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ArticleRetailer Bergzeit invests in community electricity, gets support from Patagonia
A panel discussion in March at the retailer’s company headquarters made it clear what a contribution to the energy transition can look like and how important it is.
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ArticleFenix Outdoor sees bright start to 2022 but warns of cost pressures
Fenix Outdoor International said its new fiscal year had started well with a recovery in physical store sales, despite inflationary pressures and supply chain constraints. Releasing its annual report, Fenix reported a “very bright” outlook for its order book for Brands and Global Sales, “indicating some nice growth in 2022”, ...
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ArticleFrasers Group expands its leadership team with new managing director for cycling
U.K.-based Frasers Group has announced the appointment of Russell Merry as managing director for cycling. The group, which claims to be aiming for market leadership in the U.K. cycling sector, currently operates more than 70 stores across the country and a website with Evans Cycles, founded in 1921. This, along ...
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ArticlePre-stage in the supply chain puts the pedal to the metal for sustainability
With the new EU Textile Strategy proposals published on March 30, 2022, as part of a larger package on the circular economy, the industry is under increasing pressure to fundamentally transform both consumer behavior and the entire supply chain. In particular, players that are part of the early supply chain, ...
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ArticleCotopaxi releases 2021 impact report
Cotopaxi, the U.S. brand that wants to unleash the potential of “conscious capitalism,” has just published its annual global reporting initiative core impact report. The report gives an overview of the brand’s approach to sustainability topics such as supply chain management, diversity, equity and inclusion, corporate social responsibility, carbon emissions ...
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ArticleBicycle shares Q1 2022: Geopolitical situation puts pressure on the market
While global lockdowns, virus variants, inflation, zero interest rates, supply shortages or political crises could not harm last year’s upward trend in bicycle stocks, Russia’s attack on Ukraine has changed everything. The war is intensifying the surge in prices. Fears of supply shortages of gas and oil and other commodities ...
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ArticleRecent IGOT grants continue support for grassroots projects across Europe
The It’s Great Out There Coalition (IGOT) has announced details of six projects that have been awarded funding for projects to get more people active outdoors. In the latest round of #itsgreatoutthere grants, initiatives in four countries will each receive up to €5,000 to help them introduce new participants to ...
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ArticleTop results for Bike24, yet disappointing for investors?
The German cycling, running and swimming sports online retailer Bike24 Holding AG, which has only been traded on the stock exchange since June last year, has just presented its 2021 annual report. According to the report, the Dresden-based company generated total sales of €250.16 million – a remarkable double-digit increase ...
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ArticleShimano Europe intends to outsource warehouse activities
Shimano Europe B.V., based in Eindhoven, Netherlands, intends to completely outsource its warehousing activities. The proposal has been submitted to the works council for consultation. The outsourcing could result in losing up to 45 jobs at the warehouse in Nunspeet (Netherlands). A social plan will be drawn up for the ...
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ArticleEU Textile Strategy criticized by civil rights groups for missing human rights
In a statement published on their websites, several NGOs and activist groups from the apparel sector have criticized the European Commission’s “Textile Strategy,” published at the end of March 2022, on overproduction, consumption, sustainability and circularity in the textile sector. The civil society groups see the decision to include textiles ...
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ArticlePierer Mobility’s annual report confirms record growth
After the Pierer Mobility Group had already announced its first preliminary figures for fiscal 2021 and raised its sales forecast in January, the publicly listed Austrian company has now presented its final annual report, which confirms the group’s record growth in both sales and earnings. Despite the challenging situation in ...
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ArticleSolo Brands with very profitable 2021
Solo Brands Inc., the U.S. company that began trading on the New York Stock Exchange in October 2021 and owns several DTC-focused brands, announced its financial results for the three and twelve-month periods ended Dec. 31, 2021. The operating results in 2021 include the activity of Oru Kayak, Isle Paddleboard ...
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ArticleKMD Brands aims to return to growth in the second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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ArticleGiant Group achieves another annual record despite two-digit profit drop in Q4
Taiwan’s leading bicycle producer Giant Group has achieved a second consecutive sales and profit record. Year on year, 2021 sales rose another 17 percent to 81.8 billion Taiwan dollars (€2.59 billion). Net profit after tax rose 19.8 percent to a record TWD 5.93 billion (€197.94 million). This positive result is ...
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ArticleThe Microfibre Consortium responds to Changing Markets' Licence to Greenwash report
The Microfibre Consortium has issued the following statement in response to the publication of a report by the Changing Markets Foundation, ”Licence to Greenwash”. For editorial reasons, we have shortened the statement slightly. Sophie Mather, executive director of The Microfibre Consortium, comments: “The Microfibre Consortium is disappointed that this ...
