All Article articles – Page 95
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ArticleFinnish Verkkokauppa.com improves sales and profitability along with strong online sales
Verkkokauppa.com, one of the most visited Finnish online retailers known for its very competitive prices, has published its financial report for the first quarter of 2021. Revenue for the period from Jan. 1 to March 31 grew by 7.0 percent year-on-year to €134.0 million (Q1 2020: €125 million), with gross ...
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ArticleDometic acquires Valterra Products
Dometic, the Swedish brand that just joined the Scandinavian Outdoor Group (SOG), has reached an agreement to acquire Valterra Products, a North American provider of service and aftermarket products primarily for the RV (recreational vehicles) industry. The acquisition expands Dometic’s service and aftermarket position with new products, a broader distribution ...
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ArticleKTM Fahrrad announces several strategic investments
Austria’s leading bicycle manufacturer, KTM Fahrrad, is considered one of the European pedelec pioneers and the largest location for electric mobility in its home country. For this purpose, the domestic market leader now even self-generates electricity. To ensure high product quality under the “Made in Austria” seal, all investments are ...
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ArticleThe North Face plans 100 percent sustainable face materials by 2025
In its latest sustainability press release, The North Face (TNF) commits to 100 percent of its apparel face materials being either recycled, renewable or regenerative by 2025. Improving the footprint of sourcing synthetic materials is a particular focus, as material-related emissions for polyester account for 53 percent of TNF’s total ...
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ArticleWeSports acquires Nordic Outdoor & Sports Group
WeSports AB, a Stockholm-based group of individual sports, outdoor and mobility companies that operates online as well as physical stores and product brands, and GOB Invest, also based in Stockholm, have acquired Nordic Outdoor & Sports Group AB (Nordic OSG), a leading Scandinavian outdoor, climbing and snow sports retail group. ...
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Article
Moody’s upgrades outlook for Amer Sports
Providing some interesting figures on Amer Sports’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to 18 ...
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ArticleInfinited Fiber plans to invest €220 million in regenerated textile fiber factory
Infinited Fiber Company, a Finnish circular fashion and textile biotechnology group founded in 2016, is currently looking for a site in Finland to build a flagship factory to produce its regenerated textile fibers for the global market. Infinited Fiber said it will decide on the site by September. Total investment ...
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ArticleTencel launches e-commerce platform
Lenzing Group’s Tencel™ textile brand has launched the Tencel eShop. This first e-commerce site from a sustainable fiber manufacturer “bridges the divide between manufacturers and the end-consumer by curating a diverse mix of apparel and home goods made of Tencel branded fibers,“ the company said. The debut marks a new ...
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ArticleChinese e-mobility specialist Yadea announces global expansion course
At an international press conference in mid-April, Chinese e-two-wheeler giant Yadea Technology Group Co., Ltd. unveiled its product mix with which it plans to make a global splash in the future. Under the slogan “Electrify your life,” the first e-scooters and e-bikes were added to the global portfolio presented at ...
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ArticleTwo new RTE bike factories, new target groups
In addition to the foundation of RTE Poland, previously communicated in our sister publication SGI Europe, the bicycle manufacturer RTE is also expanding its activities at its headquarters in Portugal. A new e-bike factory is already in the final stages. The new factory, which will operate under the company name ...
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ArticleGood start of the year for Mammut
The Conzzeta Group’s revenues reached 337.8 million Swiss francs (€306.6m-$367.2m) in the first three months of 2021, which corresponds to an increase of 18.0 percent from the year-ago quarter on an organic basis and in constant currencies. The Outdoor segment of the group, which only includes Mammut Sports Group, saw ...
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ArticleCanada Goose sees itself well on track to achieve sustainability goals
In its second sustainability report, Canada Goose has provided an overview of the progress for the social and environmental responsibility agenda set in 2019 and introduces a few future projects. The detailed 33-page report (link for direct PDF download) provides insight into all relevant areas, from social responsibility to emissions ...
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ArticleAdidas and Parley team up for sustainable Mountains To Oceans outdoor capsule
Adidas has reunited with Parley for the Oceans, an environmental organization founded in 2012 by Cyrill Gutsch to fight ocean degradation with a focus on plastic pollution, to introduce a new collection of weatherproof outdoor apparel made from sustainable materials. Adidas first collaborated with Parley in 2015 to embark on ...
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ArticleU.S. companies demand climate action from Biden administration
310 U.S. businesses have signed an open letter demanding that the Biden Administration makes every effort to achieve a 50 percent reduction in emissions by 2030. The open letter was organized by the We Mean Business Coalition, a global coalition of nonprofits working with businesses around the world to take ...
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ArticleIn a global FMCG comparison, Germans, French and Danes are more reluctant to buy online than others
In its latest Fast-Moving Consumer Goods (FMCG) Report 2021, London-based data and analysis company YouGov surveyed more than 19,000 consumers in 17 markets worldwide to find out about their shopping behavior. The study reveals differences between the various markets, but also similarities. A 59 percent majority of consumers across all ...
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ArticleLower losses in JD’s outdoor retail operations
JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021, in spite of the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before tax and exceptional items of £421.3 ...
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ArticlePierer Mobility with new sales and revenue records in Q1
Listed Austrian company Pierer Mobility, a specialist in motorized two-wheelers, sold 87,197 motorcycles and 19,256 e-bikes in the first three months of the year despite global supply chain problems. The result was also driven by high global demand for individual mobility, triggered in part by Corona. Compared to the previous ...
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ArticleGfK survey in the USA sees brand loyalty as payoff for intelligent consumer approach
In a survey of 1,000 U.S. residents, market research institute GfK asked consumers about their brand loyalty and trust in brands and retailers in relation to data security, as well as soft parameters such as CSR and political issues. According to the study, one of the social changes that the ...
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ArticleHDE calls for new retail regulations; retailers fear 60% loss with compulsory corona testing
In view of the amendment to the Federal Infection Protection Act announced for next week, the German Retail Federation (HDE) is calling for targeted measures to effectively contain the third wave of Corona currently affecting the country. The HDE is critical of a possible further lockdown with store closures by ...
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ArticleHama Group acquires majority stake in Messingschlager
With retroactive effect as of Jan. 1, Hama, a leading international supplier of accessories for consumer electronics, has acquired a majority stake in Messingschlager, one of the world’s largest importers of bicycle accessories. With Hama’s entry, Messingschlager intends to set the course for future growth in good time. ...
