All General Outdoor articles – Page 49
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News briefsRevolution Race posts strong FY, but profits decline
Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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News briefsDometic provides equipment for pole-to-pole climate change expedition
Dometic is to be an equipment partner to a father and son team, Geoff Wilson and Kitale Wilson, as they sail from the South Pole to the North Pole in order to promote climate change awareness. The expedition, “Project Zero,” will document in real time the status of some of ...
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News briefsAmerican gear and accessories brand latest to join EOG
US-based outdoor gear and accessories brand Nemo has joined the European Outdoor Group (EOG). According to the brand, the partnership aligns with Nemo’s goal of reducing negative environmental impacts and leveraging education and partnerships to further its mission of making adventure possible anywhere, for anyone, forever. “As Nemo continues to ...
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News briefsGerman arm of Nordisk has new MD
Nordisk Freizeit GmbH, the German arm of Nordisk Company, has a new Managing Director. Patrick Laquer is to replace Werner Blömer, who is to retire at the end of the year after leading Nordisk Freizeit GmbH since 2001. Blömer and Laquer will form a dual leadership until the end of ...
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News briefsMountain Warehouse triples the size of its store at Gloucester Quays
Mountain Warehouse, U.K.’s largest outdoor retailer, is to relocate from its existing store into a larger, 650-square-meter space at Gloucester Quays, an outlet shopping center in Gloucestershire, England. The retailer will relocate from its current store adjacent to Skechers to a bigger space next to Levi’s. The new store, which ...
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ArticleSolo Brands lifts Ebitda margin as Q2 wholesale revenues soar
Solo Brands lifted its annual Ebitda margin target after a strong rise in second-quarter earnings and wholesale revenues. The owner of four lifestyle brands said wholesale revenues increased 57 percent to $31.3 million in the three months to June 30, compared to $19.9 million a year ago. Direct-to-consumer sales fell ...
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ArticleCoDi maintains guidance despite ongoing inventory headwinds
Net income from continuing operations in Compass Diversfied’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 68 percent to $6.94 million from $21.4 million for the period ended June 30. Total revenues from the five companies fell ...
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ArticleInterest income and currency gains drive net profit in Garmin's Q2
Boosted by more than $29.6 million in interest income and gains on foreign currency, Garmin posted 11.7 percent net income growth to $287.9 million from $257.9 million. Without the two gains, the group’s profit would have been essentially flat for the period ended July 1. Second quarter operating income fell ...
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ArticleEOS 2023: First speakers and program content announced
Planning for the European Outdoor Summit (EOS) on September 28-29, 2023 in Berlin is in full swing and the European Outdoor Group (EOG) has announced the first speakers and program content: Philipp Meister, Global Fashion and Sporting Goods Lead at Quantis, is confirmed for his presentation “How to square ...
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ArticleWeyco posts higher profit, margin despite lower Q2 sales
Weyco Group suffered a 9.9 percent decline in Q2 sales to $67.0 million as the group’s portfolio of footwear brands faced difficult year-over-year comparisons and a wholesale market flush with inventory. Nonetheless, the group improved several operating metrics in the period ended June 30. Operating income rose by 18 percent ...
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News briefsPáramo’s new business structure aims to support future growth
Ethical outdoor apparel brand Páramo Directional Clothing has made several changes at the management level to support future growth and continue to provide high-quality products and great customer service. Richard Pyne takes on the role of Páramo CEO, leading the strategic direction of the company and ensuring that the brand’s ...
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ArticleOutdoor Research publishes first Annual Impact Report
Seattle-based company Outdoor Research (OR) published its inaugural Annual Impact Report, highlighting its commitment to sustainability, inclusivity and responsible corporate practices. The report is a tool OR will use to annually share its progress, achievements and future targets around its efforts as a responsible global corporate citizen. “The textile ...
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ArticleUSWE defies the challenges in Q1
USWE Sports AB, the parent company of USWE, Void Cycling and Giant Loop, has published its interim report for the first quarter ended June 30, 2023, showing growth and profit despite the difficult business environment. Net sales totaled 26.5 million Swedish kronor; an increase of 40 percent compared to the ...
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ArticleVaude reduces CO2 emissions by 5% while growing revenue by 13% in 2022
Responsible business practices and successful economics can be directly linked, as Vaude shows in its latest Sustainability Report. For years, the German outdoor company has been vigorously pursuing the goal of continuously reducing its ecological footprint and significantly cutting CO2 emissions as quickly as possible. To achieve this, the company ...
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News briefsSea to Summit partners with Downlite
Australian adventure gear brand Sea to Summit has named Downlite as its premium down supplier for the company’s down sleeping bag line. Sea to Summit is managed and co-owned by outdoor enthusiasts and explorers Roland Tyson and Penny Sanderson. The brand was founded by Tyson in 1991. After Sanderson joined ...
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News briefsColumbia hires new PrAna brand president
Columbia Sportswear has named Tricia L. Shumavon as the new brand president of its PrAna brand. She succeeds Monica Mirro, who joined PrAna in 2021 from Swim USA and left the company in April of this year, after which Columbia SVP of Emerging Brands Craig Zanon stepped in as interim ...
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ArticleSales in Swedish sports retail down 1.7% in Q2
According to the Sportindex, compiled by industry organization Svenskt Sportforum in collaboration with the Swedish Retail Research Institute (HUI), sales in the Swedish sports retail sector fell by 1.7 percent in Q2 2023. This was the sixth consecutive quarter of negative development. Changing behavior patterns following the end of the ...
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ArticleTrove expands brand resale operations across North America, targets Europe
Trove, a leading, U.S.-based branded resale and trade-in company for brands and retailers including Canada Goose, Lululemon, Patagonia, REI, Levi’s, Arc’teryx, Carhartt and others, announced the expansion of five Trove Recommerce Powered Partner facilities across North America, including the U.S. and Canada, with expansion into Europe already in the planning ...
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News briefsNewell Brands drops annual guidance, outdoor & recreation Q2 results fall
Newell Brands, the Coleman and CampingGaz parent, reported a 22 percent decline in Outdoor & Recreation segment sales to $333 million from $427 million for the period ended June 30. A 20.9 percent drop in core sales and currency impact is included in the revenue total. Segment operating income slid ...
