All Article articles – Page 81
-
ArticleRacoon Events CEO introduces Net Zero plan at COP26
At a panel discussion at the UN Climate Change Conference in Glasgow, Raccoon Events Ltd’s CEO Mike Seaman introduced the company’s roadmap to reach Net Zero by 2025. The plan visible on the Raccoon website is set out in five areas, all of which will have quarterly and annual targets ...
-
ArticleWolverine breaks even, but Q3 sales impacted by supply chain issues
Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the acquisition of Sweaty Betty in August and the strong performance of its Saucony brand. However, the management said that supply chain ...
-
ArticleGood first semester for stock market newcomer USWE despite delivery problems in Q2
For the second quarter of 2021, ended Sept. 30, Swedish company USWE Sports AB, which was founded in 2007 and went public on the Nasdaq First North Growth Market on June 24 this year, reported an increase in net sales to 12.8 million Swedish kronor (€1.28m-$1.46m). Operating income before depreciation ...
-
ArticlePolartec Apex Award winners 2021 range from startups to global giants
The Milliken & Company brand Polartec has just announced the winners of its 2021 Apex Design Awards for creative use of the company’s fabrics and design. Every year, a panel of expert judges selects the most outstanding products made with Polartec fabric technologies. The list of winning products represents the ...
-
ArticleCallaway Golf raises guidance, Jack Wolfskin performs better than expected
Callaway Golf raised its guidance for the full year once again, after revenues in the third quarter increased by 80.1 percent as compared to the year-earlier to $856.5 million, continuing to benefit from the addition in March of Topgolf and a better-than-expected contribution to its top line from golf equipment ...
-
ArticleCOP26: Fashion industry boosts climate ambitions with renewed charter
A group of companies from the broader fashion industry has released a new Fashion Industry Charter for Climate Action with updated science-based emissions reduction targets at the Glasgow Climate Conference (COP26). The new commitment includes a decarbonization plan that is consistent with the Paris Agreement targets to limit global temperature ...
-
ArticleRevolutionRace nearly doubles turnover in Q1, German sales up 156%
RevolutionRace (RVRC) saw sales in the first quarter of its fiscal year jump by 95 percent from the year earlier to 254.2 million Swedish kronor (€25.6m-$29.7m), supported by continued demand for multi-functional garments and led by a stellar performance in Germany. On a constant currency basis, sales increased by 98 ...
-
ArticleBlack Diamond’s 20% gains help Clarus post higher Q3 sales
Clarus Corp. reported a jump in net earnings on an adjusted basis of 97 percent to $4.53 million in the third quarter ended Sept. 30, as sales grew by 69 percent to a record $109.0 million, with a 67 percent gain in constant currencies. On a pro forma basis, including ...
-
ArticleYamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
-
ArticleGerman bicycle companies develop charter for a sustainable industry
For more than a year, a committee of six German bicycle companies developed an action plan for resource conservation, sustainability and climate protection around the products and services of the bicycle industry. At the end of October, 23 decision-makers adopted the “Bike Charta for Sustainable Business” at a meeting of ...
-
ArticleLess growth for Giant Group in Q3
With strong global demand for bicycles and e-bikes, Taiwan-based bicycle manufacturer Giant Manufacturing Company Ltd reports that its global production facilities are fully loaded with orders, supporting the company’s revenue and profit growth. For the first three quarters of fiscal 2021, the company reported record sales of 61.94 billion Taiwan ...
-
ArticleCanada Goose with strong momentum, improves guidance
Canada Goose reported an improved gross margin and a lower operating margin on a 19.6 percent increase in revenues to 232.9 million Canadian dollars (€161.9m-$187.1m) for its second quarter ended Sept. 26. Excluding the exceptional revenues from personal protective equipment recorded in the same period a year ago, comparable sales ...
-
ArticleSports & Leisure pull Craft's parent forward, Nordics and U.S. recover
The Swedish-based New Wave Group, which owns brands like Craft and Cutter & Back, reported record third-quarter profits as sales closed in on pre-pandemic levels, driven by a recovery in the Nordic countries and the U.S. The group’s Sports & Leisure division, which includes Craft, saw sales rise by ...
-
ArticleGoPro says Christmas sales won’t be hit by supply crisis after stellar Q3 results
Action camera maker GoPro said it did not expect Christmas sales to be hit by supply-chain constraints as it reported better-than-expected third-quarter results. The company posted a net profit of $311.8 million, up from $3.3 million a year ago. Revenue grew 13 percent to $317 million against GoPro’s own estimates ...
-
ArticleOn to make running shoes from carbon waste
Swiss sports brand On, following its IPO in New York in mid-September, has announced a shift away from petroleum-based resources with the development of a new foam material called CleanCloud™. CleanCloud is made from carbon emissions as a raw material. On is the first company in the footwear industry to ...
-
ArticleDorel Sports Q3 revenues slip as supply-chain constraints bite
Dorel Industries said third-quarter revenue at its Dorel Sports segment fell slightly on supply-chain disruption and parts shortages, leading it to lower fourth-quarter expectations for the group as a whole. The company, which last month agreed to sell Dorel Sports to Pon Group for $810 million, said revenue at the ...
-
ArticleInventory overload affects Rocky Brands’ Q3
In the period ended Sep. 30, U.S. footwear company Rocky Brands reported “temporary fulfillment challenges” and a doubling in operating costs to $44.2 million. The increase in expenses was driven primarily by integrating the brands The Original Muck Boot Company, Xtratuf, Servus, NEOS and Ranger acquired in March for $230 ...
-
ArticleVista Outdoor on target as Q3 earnings beat expectations
U.S.-based Vista Outdoor has reported better-than-expected third-quarter revenue, driven by growth in its shooting and outdoor segments as the recreation boom sparked by the Covid-19 pandemic shows no sign of slowing. Revenue for the three months to September 26 rose 35 percent to $778.5 million against forecasts of $723.3 million. ...
-
ArticleCovid-led demand for anti-microbial products powers Polygiene Q3
Polygiene reported a 129 percent rise in third-quarter net sales to a record 52.3 million Swedish kronor (€5.2m-$6.1m) as the Covid-19 pandemic drives demand for anti-microbial products. Operating earnings before interest and tax in the three months to Sept. 30 soared to SEK 15.7 million (€1.59m-$1.8m) from SEK 2.4 million ...
-
ArticleGlobal outdoor vacation industry expected to reach over $3,000bn by 2030
ResearchAndMarkets.com offers for purchase a new report with the title “Outdoor Vacation Market by Tour Type, Traveler Type, Age Group and Mode of Booking: Global Opportunity Analysis and Industry Forecast 2021-2030” that provides insights into the global outdoor vacation industry. According to the report, the outdoor vacation market was valued ...
