All Article articles – Page 96
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ArticleItalian tanners issue warning about rising raw material costs
The Italian tanners’ association, Unic, is warning about the “destabilizing” impact of a sharp increase in the price of raw materials. In recent weeks, the cost of raw hides and skins has increased in “a generalized and almost unreasonable way,” while tanneries face a sharp decrease in demand, Unic said ...
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ArticleVietnam predicts $20 billion in leather and footwear exports in 2021
Vietnam’s Leather, Footwear and Handbag Association (Lefaso) expects its industry to achieve exports of more than $20 billion this year after suffering from a decline last year due to the impact of the Covid-19 pandemic on supply chains, consumption and trade. Last year, Vietnam’s export turnover of footwear and handbags ...
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Article
Outdoor companies’ stocks up by 18.9% in Q1
The average stock market value of 31 selected public companies in the outdoor sector saw a sequential improvement of 18.9 percent between the fourth quarter of 2020 and the first quarter of 2021, buoyed by the strong performance of stock markets across the globe, fueled by recovery hopes. This reflects ...
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ArticleFormer TNF innovation expert becomes CEO of new company to commercialize advanced textiles from Stanford Univ. lab
EEnotech, a California clean tech foundry, has unveiled LifeLabs™, a new company dedicated to commercializing textile patents from Stanford University’s advanced materials lab. Founded by Professor Yi Cui, director of Stanford University’s Precourt Institute for Energy and a 15-year veteran of Stanford’s Department of Materials Science and Engineering, and Meng ...
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ArticleHervis with new flagship stores focusing on bike and outdoor
Source: Hervis Nina Kronberger, sales manager Vienna region, and bike store manager Thomas Radon At the end of March, Austrian sporting goods chain Hervis Sports, which belongs to the Spar group, opened a new bike flagship store after transforming a regular multi-category store in the Stadlau district ...
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ArticleTeva works to divert products from landfills with new sandal recycling initiative
U.S. company Teva, founded in 1984 and part of Deckers Brands, has partnered with international recycling company TerraCycle to launch the TevaForever program to give worn-out Teva sandals a new life. The recycling program underscores Teva’s commitment to reducing its environmental impact and keeping waste out of landfills. “The TevaForever ...
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ArticleRecent studies show mixed picture of Covid-related shopping behavior
According to recent studies by the Association of Swiss Sports Retailers (ASMAS), based on credit card data from Worldline, along with the latest data from Mastercard, the outlook for brick-and-mortar retailers is moderately optimistic, albeit very mixed across the EU. In general, a slow return of the buying spirit is ...
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ArticleVF’s new fulfillment center in the U.K. begins operations
VF Corp., through its local subsidiary VF Northern Europe Limited, has begun operations at its new fulfillment center in Bardon, Leicestershire, which will employ about 250 people at peak times. The new 55,800-square-meter center will have “state-of-the-art automation capabilities putting it at the forefront of the footwear and apparel industry.” ...
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ArticleGlobal bicycle stocks Q1 2021: The soaring continues
While most of the existing problems caused by the Corona crisis have yet to be resolved, the global stock market is relying on hopes — hopes for a bright post-Corona future. Instead of going into crisis mode, it is simply bypassing all the economic killers that are piling up. Supported by further stimulus packages and the open money floodgates of central banks, the stock market remains high. Our cycling stock chartists are ahead of the curve. They rely on another serious advantage: the bicycle and e-bike sales boom pushed by Corona led to excellent business figures last year. These were announced in the first quarter of this year. Some of the record results were a good impetus for the development of the share value in Q1 2021.
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ArticleTaiwan’s 2020 exports: It’s all about e-bikes
How did Taiwan’s valuable bicycle and e-bike unit and value exports master challenging 2020 - the so-called “Corona Year One”? Export statistics published by the Taiwan Bicycle Association (TBA) provide detailed information.
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ArticleLifeStraw receives B Corp certification
LifeStraw, a water filtration and purification specialist for outdoor sports and recreation, has received B Corp Certification. In conjunction with the announcement, the company released its 2020 CSR report, outlining social and environmental impact responsibility milestones for 2020 and ambitious goals for 2021. “LifeStraw has always been a brand founded ...
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ArticleInvestor acquires majority stake in Elastic Interface maker Cytech
With an initial investment from its private equity fund PM&Partners III Fund, Italian private equity firm PM&Partners SGR has joined Cytech (aka Cyctech Group aka Cypad Group) as a majority shareholder. The investor intends to support the group in its ambitious development plans. The management team, which will continue to ...
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ArticleFenix Outdoor unveils its 2021 goals
Fenix Outdoor International had a tough year in 2020 due to the pandemic and its store closures, with sales falling by 7.3 percent to €563.0 million. The operating margin (Ebit) contracted by 3.1 percentage points to 10.9 percent. Net profit declined by 44.6 percent to €33.9 million. But in its ...
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ArticleThule sets new sustainability targets
Thule Group achieved better-than-expected results in 2020 by riding the strong global bike trend that started in June. Sales rose by 11.2 percent from the previous year to 7,828 million Swedish kronor (€777.1m-$942.7m) or 13.1 percent in constant currencies. In its annual report, the Swedish company attributed these results to ...
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ArticleAnta reportedly quits Better Cotton Initiative to continue sourcing cotton from Xinjiang
According to several media reports, Anta Sports has announced it is exiting the Better Cotton Initiative (BCI) to continue sourcing cotton from Xinjiang despite concerns about forced labor. Asics reportedly confirmed on Chinese social media that it also plans to continue sourcing cotton from Xinjiang. Both companies had only joined ...
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ArticleZweirad Union unveils production plan for Sangerhausen factory
Following the takeover of insolvent German bicycle manufacturer Sachsenring Bike Manufaktur in mid-February, the new owner, the German Zweirad Union E-Mobility und Produktion, has now communicated the first roadmap and outlines for future market-oriented bicycle production in the Sangerhausen plant. Behind the newly founded Zweirad Union E-Mobility stands an unnamed ...
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ArticleGiant Group sets further sales and profit records in 2020
For fiscal 2020, Taiwan’s largest bicycle manufacturer, Giant Group, reports total sales of New Taiwan Dollars 70.01 billion (€2.08bn-$2.45bn). This is an increase of 10.3 percent compared to the previous year. Rising global demand for both traditional and e-bikes also led to record profits. At TWD 4.95 billion (€147.29m-$173.43m), profit ...
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ArticleMTB cycletech manufacturer Velobaze calls it quits
On March 25, partners, dealers and suppliers of Swiss MTB Cycletech producer Velobaze received the news that the manufacturer’s business operations “will be discontinued with immediate effect due to the current economic situation.” According to the Velobaze board of directors, this step had to be taken despite significant financial investment ...
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ArticleSwiss referendum in June on new CO2 law
On June 13, the Swiss people will vote on the new CO2 Act. The legislation provides for a halving of CO2 emissions by 2030 compared to 1990. In addition, Switzerland is pursuing the goal of being climate-neutral by 2050. To achieve this, 75 percent of the reduction measures are to ...
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ArticleEuropean carbon bike frame factory opened in Portugal
Together with German carbon forge All Ahead Composites as a technology partner and Taiwanese supplier Art Collection Corporation as a design partner, the Portuguese companies Ciclo Fapril, Miranda Bike Parts and Rodi Rims & Wheels have established a European carbon frame factory under the name Carbon Team. In 2016, these ...
