All General Outdoor articles – Page 27
-
News briefsVasque builds European network
US footwear brand Vasque is working with its exclusive UK agent, Northcol, to establish a pan-European network of agents to represent the brand. Representatives have already been established in key countries such as France (ibrg-agency), Benelux (Van Lierop agencies), Italy (Box Agency) and Spain (Sworks). The brand intends to expand ...
-
ArticleIsbjörn has the highest second-hand value among kids’ brand
In a new independent study by Tradera.com, Sweden’s largest online marketplace for the circular economy, Swedish premium and sustainable outdoor children’s clothing brand Isbjörn has the highest second-hand value on the circular market. Tradera looked at the number of online searches, items sold, average prices and sales ...
-
News briefsBuff and Surfrider Foundation collaborate
Spanish headwear and neckwear brand Buff has announced a new collection with Surfrider Foundation and Surfrider Foundation Europe. Designed by Cornwall-based artist Gemma Lessinger, the collection aims to help raise awareness and drive change so the ocean can be enjoyed by future generations. Buff has been a longstanding advocate for ...
-
News briefsSolo Brands hurt by lower DTC traffic in Q1
Solo Brands reported an operating loss of $6.4 million against a profit of $3.2 million for the period ended March 31. Adjusted Ebitda tumbled 72 percent to $4.3 million as gross margin sunk by 250 basis points to 59.2 percent on a shift in channel mix to the lower gross ...
-
News briefsHelly Hansen sales fall in Q1
Reported Q1 sales at Canadian Tire-owned Helly Hansen declined by 7.8 percent to 192.2 million Canadian dollars (€130.3m) from C$208.4 million for the three months ended March 30. Brand sales outside of Canada accounted for nearly 93 percent of the total, or C$178.2 million (€120.8m). The Norwegian company’s constant currency ...
-
ArticleEU’s new directive for the right to repair
On April 23, after about two years of negotiation, the EU adopted a directive establishing common rules for the right to repair. Member states must be compliant with the directive within 24 months of its entry into force. The rules relate to the New Consumer Agenda and the Circular Economy ...
-
ArticlePatagonia forging ahead with recyclable wetsuits
In 2014 Patagonia changed the material in its wetsuits from neoprene, a synthetic derived from petroleum, to a natural rubber produced by Yulex – at least for about 85 percent of each wetsuit. Six years later, it built what it calls the Wetsuit Forge, which combined its design and repair ...
-
News briefsTopgolf Callaway Brands lowers guidance on soft Wolfskin trends, currency
Topgolf Callaway Brands has dropped its annual revenue guidance range to $4.44–$4.48 billion, citing both significant currency volatility and weaker trends in its Jack Wolfskin business. In Q1 ended March 31, the group’s Active Lifestyle segment suffered a 15.2 percent revenue decline to $271.5 million due to lower wholesale sales ...
-
ArticleEmerging ‘proof points’ are positive news for Wolverine
In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” that it hopes will signal an ongoing turnaround for the Saucony, Merrell and Sweaty Betty parent. These developments in Q1, where the company exceeded Wall Street’s revenue guidance, included higher gross margins, less promotion in the direct-to-consumer ...
-
ArticleGoPro says turnaround will take more time as Q1 loss widens
GoPro’s Q1 revenues exceeded its guidance, but the operating loss increased for the period ended March 31. Founder and CEO Nicholas Woodman said the company is making progress on its multi-year strategy. Still, he urged investors to be patient as GoPro continues investing in a broader product line and retail ...
-
News briefsMontane becomes a Bluesign System Partner
Montane, the outdoor clothing and equipment brand based in Northumberland, UK, has obtained Bluesign System Partner status. The brand explains on its website that many of the fabrics and trims it uses have been Bluesign-approved for years. In January, Montane published its first-ever Impact Report as part of its commitment ...
-
ArticleDespite difficult times, Bike24 looks to a brighter future
Although 2024 got off to a challenging start in a persistently uncertain economic environment, Bike24 Holding AG, the German e-commerce retailer for cycling, running and swimming sports, expects a return to growth with improved profitability. “In the current macroeconomic environment, we have made a satisfactory start to 2024,” said Bike24 ...
-
ArticleRVRC sets new three-year targets as Q3 results come in strong
Swedish DTC outdoor company Revolution Race (RVRC) disclosed new three-year financial targets ahead of reporting strong Q3 results. The group intends to achieve annual sales growth of 20 percent and an adjusted EBIT margin of 20 percent through FY26/27. In late January, RVCR said its FY23/24 revenue objective was at ...
-
Article2023: Vaude reduces global CO2 emissions by 30%
According to its 2023 CO2 emissions chart, Vaude has reduced its global greenhouse gas emissions by almost one-third compared to the reference year of 2019, while the company’s turnover increased significantly in the same period. Vaude thus shows that it is possible to decouple resource consumption from corporate growth and ...
-
ArticleJohnson Outdoors suffers Q2 operating loss
Each of Johnson Outdoors’s four segments reported a double-digit sales decline for the period ended March 29, and two, Watercraft Recreation and Diving, had a quarterly operating loss. The group’s aggregate Q2 operating loss was $253,000 against a profit of nearly $11.4 million in the year-ago period. Ebit slipped by ...
-
ArticleIGOT awards funding to youth projects in eight countries
Grassroots projects from eight different countries have been awarded funding that will help get young people active in the outdoors. The It’s Great Out There Coalition (IGOT) has revealed details of the recipients of the latest #itsgreatoutthere grants, providing €32,000 of support to initiatives in Montenegro, France, Slovenia, the United ...
-
News briefsWolverine Worldwide aims for greater internationality with new license deals
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
-
ArticleREI posts $3.76 billion in revenue in 2023, but loses $311 million net
US specialty outdoor retailer REI Co-op released its impact report and financial results for 2023 on April 30. The year closed with $3.76 billion in net sales and nearly $270 million invested back into the co-op community. Net sales were down 2.4 percent from 2022, and the co-op reported a ...
-
ArticleGarmin gains on positive results from fitness and automotive segments
Swiss navigation and fitness device manufacturer Garmin, in its seasonally lowest quarter of the FY, reported a 51 percent increase in Q1 operating income to $298.4 million from $197.0 million for the period ended March 30. Net income was up 36 percent year-over-year to nearly $276 million, and gross margin ...
-
ArticleCoDi's aggregate Q1 sales nearly unchanged despite net loss
The net loss from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, PrimaLoft, and Velocity Outdoor) was $10.5 million against a profit of $1.79 million for the three months ended March 31. Aggregate sales for the four businesses were essentially ...
