All Article articles – Page 82
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ArticleWeyco sees improvement in supply situation in Q4
The U.S. group Weyco enjoyed a rebound in sales and earnings in the third quarter of 2021, but bottlenecks in the supply chain caused delays in the delivery of merchandise from suppliers and hurt the sales of its outdoor brand Bogs. In October, however, the company began to see an ...
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ArticleLenzing with strong operating result despite higher energy, material and logistics costs
Austria’s Lenzing Group significantly improved its sales and earnings year-on-year in the first nine months of 2021 due to the predominantly positive market environment. Growing optimism in the textile and apparel industry and the recovery in the retail sector led to a significant increase in demand and prices in the ...
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ArticleQ3 sales at Newell Brands' outdoor unit up 2.1%
Third-quarter net sales at Newell Brands’ Outdoor & Recreation division, including the Campingaz, Marmot and Coleman brands, amongst others, rose 2.1 percent to $391 million, driven by strength in outdoor equipment and on-the-go beverage categories as Covid lockdown curbs eased. Reported operating income at the division fell to $27 ...
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ArticleSBTi launches new Net-Zero corporate standard
The Science Based Targets initiative (SBTi) has launched a new standard for companies to certify their net-zero targets. SBTi sees a lack in robust certification, while companies are currently self-defining net-zero targets without a credible and independent assessment of their ambition and integrity. The new SBTi Net-Zero ...
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ArticleDeckers’ Q2 sales up 16% thanks to Hoka, while margins pressured by supply chain
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top-line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings inched ...
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ArticleEmerald opens debate on the future of (OR) trade shows
Emerald X, LLC, organizer of Outdoor Retailer (OR) trade shows, including the OR Snow Show, formerly the Winter Market, which has incorporated the SnowSports show that Snowsports Industries America (SIA) sold to Emerald five years ago, hosted a webinar on Oct. 25 on the future of trade shows, bringing retailers ...
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ArticleColumbia lowers FY sales outlook, raises earnings forecast as Q3 sales miss
Columbia Sportswear has lowered its sales outlook for the year but raised earnings forecasts, despite weaker than expected third-quarter revenue due to supply-chain issues. Sales for the quarter rose to $804.7 million from $701.1 million a year earlier and against forecasts of $862 million. Net income beat expectations at $100.6 ...
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ArticleFenix says Germany recovery underway but warns of supply-chain issues
Fenix Outdoor has reported a rise in third-quarter sales and earnings but warned that global supply chain issues and Covid outbreaks in some of its manufacturing locations were still posing problems. The company also said it aimed to manufacture up to 20 percent of its own products by acquiring or ...
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ArticleMips posts solid growth in Q3 despite supply chain challenges
Swedish company Mips reports that its third quarter built on the very good growth seen earlier in the year. The specialist in “brain protection” helmet technology reported that net sales increased by 81 percent to 185 million Swedish kronor (€18.6m-$21.7m) compared to SEK 120 million in Q3 last year. Organic ...
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ArticleShimano’s bicycle segment up 30%, raises forecast
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere. Bicycle dealers’ inventories are still ...
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ArticleGfK reports mixed consumer sentiments in October survey for Germany
In its latest study conducted among 2,000 Germans, GfK reports a mixed picture of consumer sentiment in October. The propensity to buy increased again, while economic and income expectations declined. As the propensity to save is also falling noticeably, GfK forecasts a consumer climate of 0.9 points ...
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ArticleHeiQ unveils high-performance cellulose yarn derived from carbon-negative materials
Swiss ingredients brand HeiQ unveiled what it calls a potential game-changer for the textile industry on Oct. 26 in a digital presentation. HeiQ AeoniQ is a high-performance cellulose yarn derived from a wide range of natural, carbon-negative sources, including wood pulp and algae. The new fiber is currently advancing to ...
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ArticleVF releases sustainability and responsibility report “Made for Change”
Focusing on the three areas ”people, planet and product”, VF Corp., with its group of brands, has just released its fourth sustainability and responsibility report, titled ”Made for Change.“ Highlights of the report include: People: In FY2020, roughly 290,000 people were supported via VF’s worker and community development program. ...
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ArticleUnifi with strong Q1
Unifi, Inc., a U.S.-based producer of recycled and synthetic yarns, released operating results for the first fiscal quarter that ended Sept. 26. Net sales were $196.0 million, an increase of 38.5 percent from the first quarter of fiscal 2021 and an increase of 6.3 percent from the last Q4 (2021). ...
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ArticleHoka becomes Premier Footwear and Apparel Partner of new UTMB World Series
The UTMB World Series and Hoka, a division of Deckers Brands, have announced a multi-year partnership. Hoka is the first global Premier Partner of a new world circuit in trail running, which debuts in 2022: In May 2021, UTMB Group and The Ironman Group had partnered to create the UTMB ...
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ArticleReview: Performance Days / Functional Fabric Fair Fabric Forum Jury
…or in other words: what will be seen in a year’s time! Quite a mouthful, but having seen over 1,000 samples of curated fabric swatches over the second half of a week – the Outdoor & Sports industry should be proud that lockdown did not stop the development of fabric. ...
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ArticleBike-Components joins forces with brick-and-mortar retailers
The German e-commerce bicycle platform Bike-Components (managed by BC GmbH & Co. KG) is launching a new business segment next year: BC Remote is an ordering platform for brick-and-mortar bicycle dealers only. The background to this is that bicycle shops, in times of supply bottlenecks, sometimes search for missing parts ...
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ArticleVF maintains FY outlook despite supply chain issues limiting Q2 sales growth
VF Corp improved its guidance for the full year (to $12.0 billion from $11.8 billion) despite a more challenging than expected operating environment in the second quarter. Overall revenues for the group that owns brands including Vans, The North Face (TNF), Timberland, Icebreaker and Smartwool increased by a reported ...
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ArticleDometic Q3 sales growth gets a boost from M&A as supply chain problems persist
Dometic saw sales in the third quarter rise by 24 percent to SEK 5,545 million (€555.2m-$646.5m) despite continuing to suffer from “significant” supply chain disruptions. Growth in the top line of the Stockholm-based specialist in products for mobile living was largely due to acquisitions, with M&A seen increasing revenues by ...
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ArticleThule sees gains in RV products and carrier systems
The outdoor trend, which kicked in after the Covid-19-related lockdowns, has once again brought good sales growth for the Swedish Thule Group. The trend toward outdoor and leisure activities closer to home continued to positively impact all of the group’s product categories in the third quarter. According to Thule’s preliminary ...
