All Corporate articles – Page 43
-
ArticlePolygiene benefits from antiviral technologies
Polygiene said its revenues grew in the first quarter of 2020, despite production being halted across Asia due to the coronavirus outbreak. According to preliminary estimates, the Swedish company’s sales rose by 4.3 percent from the year-ago quarter, which the management partly attributed to the group being able to deliver ...
-
News briefsMcTrek files for insolvency
Yeah! AG of Germany, operator of 43 McTrek outdoor stores and an online shop, filed for insolvency at the district court of Hanau, Germany, on April 1. The company employs 420 people. Yeah! AG was founded by Peter Dausien, founder also of the German outdoor brand Jack Wolfskin, and has ...
-
News briefsLa Sportiva is producing masks and scrubs
La Sportiva had already stopped production lines at its factory in Italy ahead of the ministerial order imposing the closure of the factories for unnecessary goods. Now the outdoor company is converting part of the machinery, originally designed for cutting and sewing leather and rubber, for the production of masks ...
-
ArticleInterview with Heiner Oberrauch, president of the Oberalp Group
Heiner Oberrauch Source: Oberalp Group We recently heard a lot about the Salewa brand and its operational decisions and support programs during the Covid-19 crisis. After the interview with Salewa’s managing director Stefan Rainer, the Compass now had the opportunity to speak to Heiner Oberrauch, president of ...
-
ArticleWolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate through ...
-
ArticleSalewa cancels SS 2021 textile collection: Interview with Stefan Rainer
To support its retailers during and beyond the ongoing Covid-19 pandemic, the Italian outdoor brand Salewa decided to skip the SS 2021 textile collection. Outdoor Industry Compass spoke with Stefan Rainer, managing director of Salewa, about the rationale and context of this decision. Source: Alex Moling/Storyteller-Labs Stefan Rainer, ...
-
ArticleAdventure travel and outdoor experiences: The way out?
The areas of outdoor equipment, outdoor retail and outdoor travel are moving closer together. Several premium outdoor brands have already acquired or partnered with outdoor guides and tour operators, the most recent examples are Norrøna Hvitserk Adventures and Arc’Teryx Trips or Jack Wolfskin’s Wolftrail, but let’s not forget the Mammut ...
-
News briefs
German government approves aid for citizens and corporations
(SGI) As the corona crisis sweeps across Germany, the government has assembled an aid package to support families, renters, employees, freelancers and companies. The cabinet, under the leadership of German chancellor Angela Merkel, agreed on Monday to several vast protective measures and far-reaching changes to the legal code. The Bundestag, ...
-
News briefsOberalp Group assumes crisis management
After our first news piece about Salewa’s commitment in the Covid-19 crisis, we now received an official company statement from the brand’s parent, Oberalp Group, with additional first-hand information. As reported earlier, the company has started to sew face masks and water-repellent protective coats. This takes place at Oberalp’s facilities ...
-
News briefs
Equip announces risk management action plan for retailers
Equip Outdoor Technologies, the owner of the outdoor brands Rab and Lowe Alpine, has developed a risk management action plan to help its retail partners deal with the problems during and after the Covid-19 crisis. While the priority is clearly to protect the health and safety of everyone - retail ...
-
News briefs
Fenix Outdoor suggests canceling dividend
On March 17, the board of directors of Fenix Outdoor proposed to the general meeting of shareholders that no dividend be paid this year. The board justified this proposal by saying that the market situation will remain turbulent in view of the global situation. The coronavirus and the measures taken ...
-
News briefsP.A.C. builds “Green Factory” in Southern Germany
After extending its current business by a new logistics hall in 2018, P.A.C., a manufacturer of headwear and socks, founded in 2012 in southern Germany, is now adding another 6,000 sqm of production and logistics space and 1,100 sqm of office space for up to 200 employees. The family-owned company ...
-
News briefs
Klättermusen partners with U.S. software developer
Klättermusen, a Swedish outdoor brand best known for its efforts in sustainable apparel, reports that it has signed a long-term contract for a software called Centric SMB, a cloud-based product lifecycle management solution designed for small and medium-sized businesses. Sara Hult, global production manager at Klättermusen, said her company needs ...
-
News briefs
Columbia closes North American and European stores
In addition to the closure of its brick-and-mortar stores in North America through Friday, March 27 (see our article here), Columbia Sportswear has now also closed, until further notice, all European retail stores owned and operated by the brand. Beyond the closures, Columbia has taken further steps to implement the ...
-
News briefs
Canada Goose CEO foregoes his pay
Besides closing all Canada Goose stores in North America and Europe until at least March 31 and the production facilities in Canada for at least two weeks, the company’s chief executive, Dani Reiss said that he will forego his salary for at least the next three months. The company will ...
-
ArticleHow the industry is affected by (and dealing with) the Coronavirus
We have already given you some information about the coronavirus situation on the websites of SGI Europe and the Compass in the past weeks, but of course there are new developments every day and hour. The explosion of the coronavirus pandemic, which now has Europe completely under control, has prompted ...
-
News briefs
Black Diamond closes EU headquarters due to Covid-19
In view of the Covid-19 situation, Black Diamond has closed its EU headquarters in Tyrol, Austria, and will operate the company through home working until the end of March. The Black Diamond store in Innsbruck is closed until further notice, the webstore and the D2C customer service are still available.
-
News briefs
Petzl America orders employees to work from home
Petzl America announced last Friday that all employees in the USA who have the opportunity to do so will work from home from Monday, March 16, until further notice. Employees at the company’s distribution center will continue to process orders locally for shipment to customers in the USA and Canada, ...
-
News briefsJack Wolfskin launches adventure travel package in Romania
The German outdoor specialist Jack Wolfskin has launched the “Wolftrail”, the brand’s first exclusive long-distance hiking trail. Together with experienced partners, the six-day trip will be realized in the primeval forests of the Romanian Carpathians. Melody Harris-Jensbach, CEO of Jack Wolfskin, explained her company’s move into the adventure travel business ...
-
News briefs
Snugpak changes working hours to reduce footprint
(SGI) Snugpak, the British maker of sleeping bags and insulated clothing, has announced a change in its working hours as part of its efforts to reduce the company’s carbon footprint. From April 3 until autumn, the company will be switching to a four-day week, Monday to Thursday. The manufacturing company ...
