All Article articles – Page 98
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ArticleHalf of A.S. Adventure Group taken over by banks in exchange for €85 million in debt
According to reports by the Dutch financial daily Het Financieele Dagblad and the Belgian business daily De Tijd report, half of the share capital of the Belgium-based A.S. Adventure Group, one of the largest omnichannel outdoor retailers in Europe, has been taken over by several of its creditors – a ...
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ArticleCycling demand boosts Dorel Sports
Dorel Sports, Dorel Industries’ sports segment whose brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, saw its revenues increase by 13.8 percent year-on-year to $265.3 million in the fourth quarter, or by 15.9 percent in constant currencies. This marks the seventh consecutive quarter of revenue growth for Dorel Sports, ...
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ArticleLightspeed acquires Vend to drive global retail expansion
Montreal, Canada-based omnichannel commerce company Lightspeed POS Inc. has announced the imminent acquisition of New Zealand-based competitor Vend Limited, a cloud-based retail management software company, by the end of April. The expansive move will grow Lightspeed’s customer base by more than 20,000 customer locations worldwide, roughly doubling the company’s current ...
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ArticleInline skating compensates for Covid-19 impact on Tecnica results
The Tecnica Group reported a 9.8 percent drop in sales to €382 million for 2020 but said it still managed to further improve Ebitda by 10.7 percent to €55 million. The parent of brands such as Nordica, Blizzard, Tecnica, Lowa, Moon Boot and Rollerblade said its outdoor sales fell 10 ...
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ArticleBogs continues to perform well
Even with low precipitation in November and December across the U.S., demand for Bogs, a footwear brand best known for its waterproof boots, remained strong in the fourth quarter, as consumers continue to spend more time outside during the pandemic. It continued to diversify its product mix, selling more lightly ...
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ArticleLenzing ends in the red
Pressure on prices and volumes in the textile fiber segment due to Covid-19, especially in the second quarter of 2020, caused the Lenzing Group to post a loss for the full year of 2020. However, the recovery of demand in the second half of the year helped offset some of ...
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ArticleGerman court stops regional privileges for individual retail sectors
The Higher Administrative Court has overturned the different opening rules for retailers during the Corona pandemic within the small state of Saarland in western Germany. According to the ruling, the same regulations will apply to all types of retail in the state. Since March 6, most retailers in Saarland have ...
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ArticleZIV publishes data on German bicycle market 2020
The German Bicycle Industry Association (ZIV) released some key figures on the prospering German bicycle and e-bike market 2020 on March 10. According to managing director Ernst Brust, the past year was an unprecedented one for the German and international bicycle sector and for the bicycle industry as a whole: ...
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ArticleOnline retailer Bergfreunde continues to grow
Online outdoor retailer Bergfreunde GmbH (bergfreunde.de), part of the U.S. Backcountry Group (backcountry.com), has announced annual sales of €155 million for its fiscal year 2020, a plus of 41 percent compared to the previous year. According to the online-only retailer, the increase was due primarily to the Corona pandemic, which ...
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ArticleBlack Diamond parent Clarus sees strong growth
Clarus Corp, the parent company of Black Diamond and Pieps, announced that revenues in the fourth quarter surged by 24 percent to $75.9 million, or by 23 percent in constant currencies. This was mostly due to the company’s ammunition division, particularly gains in the Sierra Bullets business and an additional ...
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ArticleU.S. bike dealers association supports The Big Gear Show
Last year, the organizers of the new U.S. trade show The Big Gear Show (BGS) had to cancel its premiere due to Corona and postpone it to this year – with some major changes: The B2B2C (indoor) show originally planned for Salt Lake City, Utah, has become an invite-only B2B ...
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ArticleFirst Benno e-bikes in use for African pilot projects
Since the end of January, three cargo bikes from the U.S. e-bike company Benno Bikes have been in solar power use in the West African country of Benin. As part of a mobility pilot project, Ibee Studer, a Swiss industrial engineering firm specializing in the development, financing and operation of ...
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ArticleInternational Women’s Day:
From botanics to athleticsOn today’s International Women’s Day, my memory zooms back to the early 1990s. Having worked in the outdoor industry for nearly 30 years, I have experienced a tremendous journey that is not over yet. Back then, the understanding was that things sell better to women if they have something botanical ...
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ArticleCalida may be looking at strategic options for its outdoor brands
Swiss diversified group Calida said it was looking at “strategic options” for its French Millet and Lafuma outdoor brands following the already-completed sales of the Eider and Oxbow labels. The company said Millet and Lafuma “declined perceptibly” – due to Covid-19 curfews in France – as it reported its 2020 ...
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ArticleWill IAA Mobility become the new bicycle platform?
With its completely revised concept as a comprehensive show for mobility providers, the new IAA Mobility in Munich also aims to offer the bicycle segment an attractive platform. Like IAA in Frankfurt in the past, IAA Mobility under the aegis of Messe München will primarily be a B2C event. To ...
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ArticleAccell reports strong results, headed by Europe
The post-Covid boom in the bicycle sector fuelled the revenues of Accell Group in 2020, which soared by 17.0 percent organically from the previous year to €1,296 million, thanks mainly to sustained high demand for bicycles, parts and accessories across Europe. The results do not include the group’s former operations ...
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ArticleGermany plans to protect human rights with Supply Chain Act
On March 3, the German federal government approved a bill that aims to force local companies to respect human rights in their global supply chain. Parliament is expected to pass the draft legislation, commonly referred to as the Supply Chain Act, by the middle of the year. The legislation is ...
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ArticleGermany extends lockdown; England eases the rules
On March 3, the federal-state conference in Germany decided on how to further extend its present lockdown for non-essential retailer operations until March 28 to help fend off the Covid-19 virus. Like in the U.K., it will be phased out in stages, but retailers are furious, partly ...
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ArticleIt’s Great Out There Coalition launches Outdoor Activity Days concept
Introducing the new #itsgreatoutthere Outdoor Activity Days concept, the It’s Great Out There Coalition wants to allow more companies, organizations and individuals to get actively involved in the campaign while receiving clear and measurable results for every contribution to the organization. From now, the coalition will underpin ...
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ArticleEurobike still on course for physical event in September
Messe Friedrichshafen reports that, irrespective of the currently still pending political framework for holding trade shows, there is high interest in the international bike industry for Eurobike 2021. More than 800 exhibitors have already registered for the 29th edition of the show, which is scheduled to take place Sept. 1-4 ...
