All E-Commerce & DTC articles – Page 6
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ArticleBergfreunde changes its climate protection strategy
Having been strongly committed to climate protection for some time, the German online retailer for mountaineering, climbing and outdoor equipment Bergfreunde GmbH is now making a strategic change in response to a recent review of its own climate protection policy: Instead of offsetting the currently unavoidable greenhouse gas emissions through ...
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ArticleBike24 lowers FY forecast after gloomy prelim Q2 results
Looking at publicly traded e-commerce bike retailer Bike24 Holding AG’s preliminary dismal second-quarter results, it’s clear why the Dresden-based company also sent out a separate announcement to “adjust the forecast for the financial year downwards.” This move in itself demonstrates the gravity of the current situation. According to preliminary calculations, ...
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News briefsSSU appoints former Accell Group CEO to its board
German, U.S.-listed cycling, outdoor and team sports e-commerce retailer Signa Sports United N.V. (SSU) has announced the appointment of former Accell Group CEO Anthonie “Ton” Anbeek to its board of directors. The appointment is effective April 1, 2024. Source: Accell Group Ton Anbeek With Anbeek, SSU said ...
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News briefsHaglöfs launches consumer “Shell Guide” this fall
Haglöfs’ new Shell Guide, which will be available on haglofs.com in October 2023, is designed to help outdoor athletes find the right jacket for their activities. Customers can choose from the Shell collection for extreme performance in the mountains to lightweight and versatile shells for the trail and everyday use. ...
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ArticleRad Power Bikes withdraws from the European market
On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...
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News briefsEddie Bauer launches UK website
American outdoor brand Eddie Bauer has launched a new UK website. The move is part of a planned expansion into the European and British markets, with the brand stating on LinkedIn before this year’s Outdoor Trade Show (OTS), ”We are planning direct to consumer, retail stores and wholesale partners to ...
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News briefsNatascha el Mahmoud, General Manager Commercial Europe, to leave Jack Wolfskin
Source: Jack Wolfskin Natascha el Mahmoud Natascha el Mahmoud has informed Jack Wolfskin’s management that she will be leaving the company at her own request, effective Feb. 29, 2024. After 22 years, she has decided to take some private time off to pursue her passion for travel. ...
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News briefsIs TSG looking to divest Backcountry.com?
TSG Consumer Partners, a private equity firm based in San Francisco, California, is considering options for Backcountry, including a sale of the online outdoor gear and ski apparel retailer, according to Bloomberg News. Backcountry was founded in 1996 in a garage in Park City, Utah. The company sells gear for ...
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ArticleSSU is hoping the worst market disruptions are over
Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...
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ArticleRebike Mobility with strong growth in the 1st half of 2023
The bicycle and e-bike market is facing a fundamental change. The ongoing professionalization of the used market, availability of young used bikes from the popular service bike leasing contracts as well as the longevity of premium e-bikes are positively boosting the second-hand market and promoting circular business models. This is ...
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News briefsNaturkompaniet acquires Norwegian online store and brick-and-mortar stores
Naturkompaniet AS and Exist Internet AS announced that Naturkompaniet is acquiring 100 percent of the shares in Exist Internet AS, Fjellshop AS and Fjellshop Tromsø AS. The acquisition is part of Naturkompaniet’s strategy to expand its offering and strengthen its position as a leading player in the outdoor industry in ...
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ArticleFree Webinar: Overcoming wholesale challenges with B2B e-commerce technology
Join Elastic Suite and Active Brands for our next EDM Expert Talk, to discuss how technology can help leading enterprises and industry disruptors overcome challenges in today’s wholesale environment. Technology enables B2B commerce to go from transactional to transformational, bringing shared success to brands, distributors, retailers and the end consumer.
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News briefsIsbjörn enables recycling of children’s clothing
Swedish customers of children’s outdoor brand Isbjörn of Sweden can now get help recycling their unwanted clothes through an online service. The service is made possible by IT company Raizemore’s circular platform. The seller receives a prepaid bag in which the garments are transported, for which Raizemore assumes the costs, ...
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ArticleAs TNF and DTC continue to grow, VF Corp. has a turnaround strategy in place
VF Corp., which has begun a rigorous six- to 12-month process to find a new CEO, says it has a plan in place that will improve its sales and profitability fortunes over the next 12 months. It centers on continued growth for its The North Face (TNF), EMEA, and direct-to-consumer ...
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News briefsFrasers reportedly interested in ProBikeKit
Frasers Group PLC, owner of Sports Direct, is in talks to acquire ProBikeKit, Sky News reported last Monday. ProBikeKit is an online seller of bike components, accessories and apparel and would pair well with Fraser’s Evans Cycles online and retail chain, which it acquired out of bankruptcy in 2018. ProBikeKit ...
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ArticleAddnature with losses in FY22, no immediate improvement expected
According to ehandel.se, Swedish outdoor online retailer Addnature, founded in 2000 and a wholly owned subsidiary of Internetstores Group since 2013, which in turn is part of Signa Sports United (SSU), has had a year of ups and downs. In its most recent financial statements for fiscal 2022 (October 2021 ...
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ArticleHigh inventories and sluggish consumer climate lead to decline in sales at Bike24
Even the good business performance of the localized online stores in the newly opened country markets of Spain, France and Italy, with an average increase in sales of 109 percent (compared to the prior-year period), could not really mask the business figures of the German cycling, running and swimming sports ...
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News briefsSwedish sports retail sales fall 0.6 percent in Q1 2023
According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in Swedish sports retail fell 0.6 percent in the first quarter of 2023. This is the fifth consecutive quarter of negative development in the sports retail sector. In the ...
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News briefsOutnorth CEO Ennen to step down
Source: Outnorth Harald Ennen After five successful years, Harald Ennen has decided to leave Sweden-based e-commerce company Outnorth and his role as CEO. Ennen joined Outnorth in the summer of 2018 and has been instrumental in the company’s positive development. In recent years, Outnorth’s sales have more ...
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News briefsCamping equipment specialist and tent sharing website team up
British camping equipment specialist Olpro has partnered up with Tentshare to list its tents on the community-led tent-matching service. Tentshare matches people who own tents with people who would like to use a tent, allowing tent owners to generate income from unused camping equipment and support a more sustainable approach ...
