All Article articles – Page 97
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ArticleFila lifts Anta’s results while Amer posts losses
Anta Sports Products has released generally good results for the full year, despite the impact of the pandemic. Fueled by the continued progress of Fila’s joint venture for the Chinese market, the group’s total revenues rose by 4.7 percent to 35,512 million yuan renminbi (€4.59bn-$5.43bn), bouncing back from a difficult ...
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ArticleEurope’s patchwork of Corona regulations
Daily changes to local Corona safety regulations for retail stores make it difficult to stay on top of things as the pandemic situation heats up again in most European countries. Here is an overview (as of March 25, subject to change and with regional variations) of the status of non-essential ...
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ArticleEuropean Outdoor Summit and OutDoor by ISPO merge in 2021
The European Outdoor Group (EOG) has confirmed that this year’s European Outdoor Summit (EOS) will be combined with the OutDoor by ISPO Global Summit Edition from Oct. 5-7 to create one major European outdoor industry event. This year’s EOS was originally to be hosted by Outdoor Sports Valley (OSV) in ...
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ArticleShimano launches centennial website and announces executive changes
Shimano is celebrating its 100th anniversary this year with a new centennial website and photobook, which look back at the company’s product and technology achievements. Founded in 1921 by Shozaburo Shimano, the company has now grown to employ more than 11,000 people. The centennial website features photos and videos of ...
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ArticleBSI calls on German government to revise Supply Chain Act
In a public statement, the German Sporting Goods Industry Association (BSI) criticizes the German government’s draft law on due diligence (we reported earlier), which has just cleared the first legislative hurdles. The bill aims to force companies to comply with human rights in their supply chain. It targets the textile, ...
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ArticleLiv Cycling unveils second global brand campaign “Liv Committed”
Liv Cycling, the company dedicated to getting more women on bikes, has launched the second part of its global brand campaign, “Liv Committed.” The campaign primarily celebrates the resilience shown by the cycling community over the past year. The campaign hero film was created with inspiration directly from the Liv ...
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ArticleRip Curl still an engine of growth for Kathmandu
Rip Curl continues to support the performance of Kathmandu Holdings. Acquired in October 2019, it allowed the Australian group to improve its revenues for the six months ended on Jan. 31, 2021, as it did before. The group’s total revenues progressed by 12.9 percent from the year-ago period to 410.7 ...
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ArticleDTC e-bike brand VanMoof heralds global stationary service expansion
As part of its core global strategy, flourishing DTC e-bike supplier VanMoof announces plans to expand its local presence from eight to 50 cities over the next six months. With this move, the Dutch company aims to strengthen its position “as an e-bike leader” in the field of urban mobility. ...
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ArticleEarth Hour 2021 is a meditation for the planet
Most people associate the annual Earth Hour, organized by the World Wildlife Fund (WWF), with a symbolic gesture of their commitment to preserving our planet by turning off all the lights. But for this year’s Earth Hour on Saturday, March 27 at 8:30 p.m. local time, WWF wants to encourage ...
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ArticleKeen turns its process for PFC-free footwear open-source
Portland, Oregon-based footwear brand Keen has developed an open-source model for manufacturing PFC-free footwear. To support this initiative, the brand has also challenged the entire outdoor footwear industry to be PFC-free by 2025. Product developers can visit www.keenfootwear.com/Detox to view details about the detoxification process Keen has followed since 2014 ...
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Article#PayYourWorkers initiative advocates for textile workers’ welfare during Corona crisis
More than 200 civil society organizations and unions launched a petition and global campaign on March 15 calling for reforms to support garment workers hit hard by the pandemic. The #PayYourWorkers initiative demands that brand manufacturers provide immediate support to workers in their supply chains and make enforceable commitments to ...
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ArticleEcco had a challenging 2020, but continued to invest in the future
Danish footwear brand Ecco said it has remained financially strong despite the challenges of the year 2020. The company reported sales of €1.09 billion in 2020, down 19.7 percent from €1.36 billion a year ago. Profit before taxes reached €44.7 million, down from €195.8 million in 2019. The top priority ...
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ArticleA difficult year for Gregory and High Sierra
Samsonite’s two outdoor backpack brands, Gregory and High Sierra, recorded a significant sales decline in 2020, like the rest of the group, because of the impact of the Covid-19 pandemic. Gregory posted a drop of 26.6 percent to $51.2 million, off by 27.5 percent on a currency-neutral basis. The more ...
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ArticleAdidas ends 2020 with a small plus and presents new business plan with focus (also) on outdoor
As reported in detail by our sister publication SGI Europe, the Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As currency headwinds persisted, ...
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ArticleWearables boom and players fight for market share
In a webinar hosted by the European Outdoor Group (EOG) in March, U.K.-based Futuresource Consulting reported that the overall consumer electronics market was trending downward in 2020, with Covid-19 putting pressure on supply, distribution, retail and demand. However, while some wearable categories such as smartwatches for children struggled, established devices ...
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ArticlePAI retains control of A.S. Adventure, whose sales fell by 22.9% in 2020
We reported earlier about an agreement between A.S. Adventure Group and 12 banks, brokered by the Amsterdam District Court, to deal with its debt of €292 million. Responding to our inquiries, the company’s management indicated that the terms of the agreement are a little different from what has been reported ...
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ArticleConzzeta in transformation - new name, search for Mammut buyer and resignation of management team
In a further step in its ongoing strategic transformation and following the publication of declining results for the 2020 financial year, the executive board of the Swiss Conzzeta Group will step down at its upcoming annual general meeting on April 21. The board of directors will also propose to the ...
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ArticleCanyon launches in Canada
Following its successful entry into the U.S. market in 2017, and just days after Belgian investor group Groupe Bruxelles Lambert (GBL) and co-investor Tony Fadell invested in the company, German bicycle supplier Canyon Bicycles – claiming to be the “world’s leading DTC bicycle brand“ – has announced its entry into ...
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ArticleMammut’s online sales climb, but brand is up for sale as Conzzeta is in transition
Robust online sales mitigated the impact of the pandemic on Mammut Sports Group’s results for the full year. It generated net revenue of 218.4 million Swiss Francs (€197.5m-$236.1m) in 2020, down by 16.2 percent from the previous year in constant currencies. It ended with an operating loss of CHF 24.5 ...
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ArticleNPD study evaluates impact of Covid-19 on different distribution channels
U.S. consulting group NPD has released its latest study on the impact of the pandemic on the outdoor retail market. NPD collects its point-of-sale data from more than 600,000 retail locations, including more than 1,450 specialty sporting goods stores, as well as e-commerce and mobile platforms, and maintains offices in ...
