All Article articles – Page 92
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ArticleSurvey: Generation Z embraces second-hand movement to live more sustainably
According to a recent study by Depop, a popular e-commerce platform for second-hand fashion, and management and business consulting firm Brain & Company, the shopping behavior of the so-called Generation Z – born between 1997 and 2012 – is not only, but predominantly driven by the desire to live more ...
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ArticleOutdoor brands validate claims to “B” good through B Corp certification
Companies that prioritize people, the planet, and profits can expect to benefit from the vast amount of wealth handed down from baby boomers to millennials.
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ArticleZumiez sales more than doubled
In its Q1 ended May 1, Zumiez, the U.S. action sports retailer whose assets include Blue Tomato in Europe, beat financial analysts’ forecasts, increasing its global sales 102.6 percent to $279.1 million. This resulted in a net profit of $26.4 million for the quarter, compared to a net loss of ...
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ArticleIPO of the bicycle certificate based on first and newly created bicycle stock index
For the first time, investors can now invest in a specific certificate on what the company describes as “the world’s first bicycle index.” The planned date for the IPO on the Frankfurt Certificates Exchange is June 21. 10 percent of the annual fee of 1.3 percent of this so-called “donation ...
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ArticleAccelerating Circularity launches European arm with EOG on founding committee
Accelerating Circularity, founded in 2020 as a collaborative industry project to accelerate the textile industry’s move from linear to circular, is launching a new project based in Europe. Just as in its U.S. counterpart, where the Outdoor Industry Association (OIA) is a long-term collaborator (though not part of the steering ...
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ArticleClarus to acquire Australian roof rack manufacturer Rhino-Rack
Clarus Corp., the Utah-based parent company of Black Diamond, Sierra Bullets and Pieps, among others, reports that it has entered into a definitive agreement to acquire Australia-based Rhino-Rack Pty Ltd, a manufacturer and distributor of roof racks, mounting systems, luggage boxes, carriers and other automotive accessories, for a total purchase ...
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ArticleSports and outdoor brands emerge as circularity champions in new Textile Exchange report
Sports and outdoor brands are among the companies that made the most progress toward circularity, a new report from Textile Exchange suggests. According to the study titled Material Change Insights Report, the circularity score of Outdoor/Sports companies increased by 57 percent in 2020 compared to an average increase in circularity ...
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ArticleSpanish bike sales hit the 1.5m milestone
In 2020, Spain surpassed for the first time in history the milestone of 1.5 million bicycles sold in one year. According to figures by Ambe, the Spanish bike industry association, released in collaboration with Cofidis, a French telecredit company that is the main sponsor of a road cycling team of ...
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ArticleSustainable Apparel Coalition and Higg launch new transparency program
The Sustainable Apparel Coalition (SAC), a global, non-profit, multi-stakeholder alliance for the consumer goods industry, and its technology partner, Higg, have just launched the first phase of a transparency program for the public sharing of data on a product’s environmental impact, starting with its material content. The program’s main components ...
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ArticleVF Corp. launches new incubator platform to develop innovative business models
VF Corp. has launched Venture Platforms, an “innovation pillar that will focus on identifying and investing in new, future-focused opportunities.” The new brand pillar within the group will add a specific innovation-focused component to the existing brand portfolio strategy, which will focus on identifying and investing in new, forward-looking opportunities. ...
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ArticleVista unveils four-year plan with ambitious strategic goals
With a successful fourth quarter under its belt, Vista Outdoor, headquartered in Anoka, Minnesota, has released its “Roadmap to 2025.” The plan calls for annual sales growth of more than 10 percent, including acquisitions, and an EBITDA margin that is expected to increase from the current 15.5 percent to 20 ...
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ArticleAlchemie and HeiQ collaborate on high-performance finishing with less cost and chemicals
Alchemie Technology, a U.K.-based developer of a waterless, digital on-demand smart dyeing technology, announced its partnership with Swiss ingredients brand HeiQ, currently best known for its antiviral textile technology HeiQ Viroblock. The partnership was announced as Alchemie prepares for the production launch of its Novara multifunction digital finishing solution, which ...
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ArticleIs blockchain technology just a hype or helpful?
Blockchain technology (BT) is generally associated with cryptocurrencies, but it is rapidly being adopted in other sectors to streamline bureaucracy and foster transparency. In February 2019, the Italian industry ministry announced plans to set up, jointly with the computer giant IBM, a national scheme using BT to guarantee the traceability ...
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ArticleGoldwin turns around in Q4, budgets 10% growth
Goldwin’s sales fell by 7.6 percent to ¥90,479 million (€678.0m-$830.5m) in the financial year ended March 31, 2021, while operating profit declined by 15.1 percent to ¥14,838 million (€111.2m-$136.2m), better than a forecast made in February for declines of 10.1 percent and 28.5 percent, respectively. Attributable earnings inched down by ...
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ArticleTentree is officially climate neutral
The young Canadian outdoor and sportswear brand Tentree is officially climate neutral. The company has been certified accordingly by the non-profit organization Climate Neutral. To obtain this seal, the brand first had to measure all emissions required to operate the business, manufacture products and services, and deliver them to customers. ...
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ArticleVF’s momentum on the rise, positive outlook for 2022
VF Corp. ended its fiscal year on a high note, prolonging a recovery that started in the second quarter. For the fourth quarter ended March 31, the company confirmed that its momentum is accelerating, delivering revenues that increased by 23 percent to $2,582 million, or 19 percent in constant currencies. ...
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ArticleDeckers grows in Q4, led by further expansion of Hoka One One
Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. In the three months ended March 31, the group’s revenues increased by 49.7 percent to $561.2 million and were up ...
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ArticleFrench investor takes over Swiss e-bike pioneer Stromer
European private equity firm Naxicap Partners has reached an agreement to acquire Swiss premium e-bike pioneer Stromer (bikes up to 45 km/h). Details of the transaction were not disclosed. However, it is still subject to approval by the responsible regulatory authorities. Source: MyStromer AG Stromer’s brand-new premium model ...
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ArticleU.S. bike industry veteran to head Hero International in London
After Indian two-wheeler giant Hero MotoCorp Ltd. (also known as Hero Motor Company or HMC) announced in March the formation of Hero International (HIT) as its new international headquarters in Europe, U.S. industry veteran Jeff Weiss has now been hired as CEO of the new London-based company. Once founded as ...
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ArticleFourth Adidas x Parley Run for the Oceans to help end plastic waste
From May 28 to June 8, the Adidas x Parley #RunForTheOceans will take place for the fourth time, continuing its commitment to combat plastic pollution of the oceans. Runners around the world are encouraged to join the challenge on the Adidas Running App and run, walk or wheelchair to help ...
