All Article articles – Page 76
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ArticleFenix reports records for Q4 thanks to sales increase and despite Omicron hit
Fenix Outdoor International has reported record fourth-quarter earnings driven by surging sales in its Frilufts segment and the delivery of goods delayed in the previous three months from the Brands division. The company said net sales for the three months to December 31 rose by 33 percent to €196.5 million ...
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ArticleShimano with a strong year, but slowing down
Shimano’s consolidated revenues went up by 44.6 percent to 546.3 billion yen (€4.14bn) in the financial year ended Dec. 31, recovering from a mere 4.1 percent of growth in the previous year. Still, the company is guiding for an increase of only 6.1 percent in 2022. The group’s operating earnings ...
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ArticleHigg launches new social benchmarking solution
Higg has released new benchmarks for social and labor performance in consumer goods manufacturing. The sustainability insights platform is the first to offer full performance measurement for manufacturing facilities in the areas of carbon, water, waste and now labor conditions. Most ESG solutions to date only provide benchmarks for specific ...
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ArticleRevolutionRace keeps up sales momentum
Swedish DTC outdoor company RevolutionRace (RVRC) says it is seeing continued robust growth at the start of the third quarter of its fiscal year, after sales in the second quarter increased by 58 percent to 392 million Swedish kronor (€37.5m-$42.8m) amid continued strong demand for multifunctional garments. On a constant ...
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ArticleOrganized crime reaches the bicycle business: Theft at BFI leads to millions in damages, and to delays
The delivery problem in the bicycle industry seems to open a new business field for organized crime. On Jan. 21, the Czech bicycle manufacturer Bike Fun International s.r.o. (BFI) lost key components (including long-awaited Shimano brand parts) when an entire truckload was stolen from Germany. To warn other manufacturers, the ...
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ArticleCalida completes sale of Millet Mountain Group
As previously reported, the Calida Group in late December received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell the Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Calida now reports that it has received the final approval of the French work council ...
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ArticleJohnson Outdoors sees strong orders, Q1 sales slip amid supply chain disruptions
Johnson Outdoors, the owner of the Jetboil and Eureka brands, amongst others, saw sales decrease in the first quarter of its financial year as supply chain disruptions made it difficult to keep up with demand for outdoor recreation products. Total company sales in the three months to Dec. 31 declined ...
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ArticleDeckers expects 19-20% growth for the fiscal year
Deckers Brands, the parent company of Hoka, Teva and other brands, is currently forecasting revenues of $3.03-3.06 billion for the full financial year ending March 31, indicating a growth of between 19 and 20 percent. It expects to book a gross margin of less than 51.5 percent for the year, ...
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ArticleColumbia exceeds forecast, driven by DTC
Despite persistent supply chain disruptions that negatively impacted its wholesale revenues, Columbia Sportswear reported impressive fourth-quarter results on the strength of its Direct-To-Consumer and e-commerce businesses and an improvement of 1.6 percentage points in the gross margin to 52.2 percent, as higher freight costs were more than offset by a ...
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ArticleWorn Again envisions textile recycling facilities directly in urban centers
Worn Again Technologies (WAT), a UK-based technology licensing company that is a signatory to and major contributor to the UNFCCC’s Fashion Industry Charter for Climate Action, is looking to develop textile recycling facilities that are integrated into the urban ecosystem. WAT and its strategic partners met in Copenhagen to discuss ...
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ArticleOberalp becomes distributor for 2117 of Sweden in 13 countries
The Italian Oberalp Group has taken over the exclusive distribution of the Swedish outdoor clothing brand 2117 of Sweden for Italy, Poland, Hungary, Slovenia, Croatia, Serbia, Bosnia, Macedonia, Montenegro, Kosovo, Spain, Andorra and France as of the beginning of this year. The agreement between the parties took place early last ...
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ArticleVista Outdoor raises guidance after record Q3
Minnesota-based Vista Outdoor raised its guidance for its fiscal year ending this March after reporting record results in the third quarter ended Dec. 26 amid continued high consumer demand for sporting and outdoor products. Vista Outdoor is now projecting fiscal year 2022 sales of $2.97 billion to $3.0 billion, representing ...
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ArticleWoom Bikes with new management
Mathias Ihlenfeld has taken over the overall management of Austrian children’s bicycle manufacturer Woom as CEO at the turn of the year. Born in Germany, Ihlenfeld founded Woom USA in 2014. With an uncompromising focus on DTC retail and customer service, he succeeded in making Woom one of the fastest ...
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ArticleVaude prototypes circular TPU backpack with 3D printed backpanel
Source: Vaude Novum 3D prototype backpack by Vaude With the help of German 3D engineering and plastics manufacturing specialist Oechsler, Vaude has developed a prototype of a new backpack – Novum 3D – that is made from TPU with a back panel made by a 3D printer. ...
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ArticleHaushofer appointed project director for ISPO shows, Gröber back as head of ISPO
While the pandemic is responsible for the fact that we have not been able to meet in person at any ISPO trade show for almost two years, the situation is certainly particularly challenging for the trade show organizers. In the wake of the many cancellations and digital substitutes, the ISPO ...
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ArticleNick Brown passes on ownership of Nikwax and Páramo to employees
After 45 years as owner and founder, Nick Brown has handed over control over Nikwax and Páramo on Feb. 1 to his employees on three continents at the age of 67 by selling the company to a newly formed Employee Ownership Trust. Nikwax Waterproofing Wax for Leather, 1977 ...
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ArticleW.L. Gore publishes annual sustainability update
After premiering a sustainability framework in 2020, W.L. Gore & Associates’ fabrics division has rolled out several projects in 2021 through a variety of individual initiatives, some of them portrayed in the company’s latest sustainability update published Feb. 1, 2022. The 2021 Responsibility Update offers insights into how Gore’s fabrics ...
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ArticleIronman Group realigns leadership structure
Florida-based The Ironman Group has announced the promotion of Stefan Petschnig to chief business development officer and Matt Wikstrom to chief partnerships officer, resulting in shifts in the management structure and several promotions. Petschnig’s successor is Thomas Veje Olsen, who has been promoted to SVP & managing director Europe, ...
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ArticleNikwax publishes first sustainability report, announces CSR roadmap to 2025
Aftercare and waterproofing specialist Nikwax used last week’s Slide & OTS exhibition in the U.K. to unveil the findings of its first sustainability report. The company provided insight into some of the 20 projects it has committed to across the company to achieve its sustainability goals by 2025. The first ...
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ArticleTNF drives VF Corp.’s sales and outlook
VF Corp., the owner of brands such as Vans, The North Face and Timberland, cut its overall sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment, led by Vans, while ...
