All Hiking & Trekking articles – Page 31
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News briefsMillet to hold its sell-in early
Millet Mountain Group has moved up its sell-in campaign by two weeks, to late May, in part to account for moved-up production schedules, reports CMDsport. This year, according to Hervé-Sergio Locatelli, sales director for southern Europe, the group has met expectations with a “satisfactory” first four months in Spain. Textiles ...
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News briefsKMD Brands refinances debt with sustainability-linked loans
KMD Brands, the New Zealand-based parent of Kathmandu, Rip Curl, and Oboz, has successfully refinanced its NZ$310 million (€177.4m) in debt with sustainability-linked, multi-currency revolvers. The three-and-a-half-year finance package, which includes a A$240 million (€147.6m) revolver and a NZ$54 million (€30.9m) revolver, provides the group with significant liquidity to support ...
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News briefsThule opens retail space at NK in Stockholm
Thule has opened a store at the NK (Nordiska Kompaniet) department store in Stockholm, its third store in Sweden. The 55-sqm retail space is located on the third floor of the department store. “We are very proud to now be present at NK, which is an icon in Sweden. It ...
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News briefsOrthoLite further strengthens its Cirql business
OrthoLite, the U.S.-based insole specialist, has appointed Marc Kronenberg as development and commercialization director for its Cirql business. OrthoLite Cirql is a patented foam technology that is plastics-free, recyclable, biodegradable and industrially compostable. It is meant as an alternative to conventional plastics, providing footwear brands and their factory partners with ...
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News briefsOutdoor Research selects preferred partner for DWR treatments
Seattle-based Outdoor Research (OR) has struck a deal with the UK’s Nikwax, which from September is to become the gear and apparel company’s “preferred partner for after-purchase Durable Water Repellent (DWR) care and treatment.” The deal aligns with OR’s gradual shift away from per- and poly-fluoroalkyl substances (PFAS), which it ...
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News briefsKathmandu has a new CEO
KMD Brands has apointed Megan Welch, most recently SVP/GM for Crocs’ Asia/Pacific business based in Singapore, as the new CEO for its Kathmandu business unit starting on Aug. 7. She takes over and will report to Michael Daly, KMD’s group CEO and managing director, who added the Kathmandu responsibilities on ...
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News briefsHelly Hansen sales rise by double-digits in Q1
Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, generated a 22.9 percent increase in Q1 revenues to C$208.4 million (€150.6m) compared to C$169.6 million in Q1 2022. In Norwegian kroner, sales were NOK 1,576.3 million versus NOK 1,185.1 million for the period that ended March 31. The company ...
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News briefsNew Swiss trading partner for Rab and Lowe Alpine
The Equip brands Rab and Lowe Alpine have announced a new trading partner for Switzerland. From now on, a team of five from the trading agency Icon Outdoor Equips, managed by Balz Willen and Werner Schunk, will look after specialist trade partners in Switzerland on behalf of Rab and Lowe ...
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News briefsChiruca reforestation project reaches milestone, runs into heat trouble
Spanish mountain boot brand Chiruca’s reforestation project, the “Bosque Chiruca” (Chiruca Wood), has planted 24,000 trees over 23 hectares in its eight-year existence, according to Diffusion Sport. Of these, some 10,500 have been moved or freshly planted this year. The outdoor-footwear producer’s head of quality and environmental affairs, Jorge Orío, ...
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News briefsNew distribution partner as Jack Wolfskin aims at Iberia market
German-based apparel and footwear brand Jack Wolfskin is to enter the Iberia markets of Spain, Portugal and Andorra for the first time, via a distribution agreement with The Brand Labs sales agency. Based in Barcelona, The Brands Lab represents high-end outdoor and cycling brands in the region. Beginning May ...
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ArticleReinhold and Diane Messner become advisors to Jack Wolfskin Brand Council
Source: Jack Wolfskin / Reinhold Messner Reinhold Messner 78-year-old alpinist Reinhold Messner and his wife Diane became advisors and exclusive members of the Brand Council of the German outdoor brand Jack Wolfskin. At the same time, Messner joins the Jack Wolfskin Discovery Team. Within the newly established ...
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ArticleVista Outdoor posts Q4 loss, 83 percent decline in FY operating income
Vista Outdoor, which owns 41 sporting, outdoor and action sports brands, reported a Q4 operating loss of $292.4 million and an Ebit loss of $311.8 million as the group’s outdoor products segment continued to navigate market uncertainty and retail inventory challenges. The company recorded a goodwill impairment and trademarks amounting ...
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ArticleCoDi lifts FY outlook, but cautious on Q2
Compass Diversified (CoDi) anticipates a “significant snapback” in revenue growth and profitability within key businesses once a current industry inventory destocking cycle ends. The group’s current Q2 forecast is both cautious and conservative despite its decision to lift its FY23 adjusted earnings range to $110 to $135 million and consolidated ...
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News briefsVaude declares support for EU-wide ban of PFAS
Vaude has announced its support for a planned EU-wide ban on PFAS, pointing to its own product development to show that water and dirt-repellent PFAS-free outdoor equipment is possible. Antje von Dewitz, Vaude Managing Director, explains: “Not enough is being done on a voluntary basis. Therefore, legal regulations are important ...
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ArticleRocky Brands posts gross margin improvement despite loss
Helped by product price increases in 2022 and lower logistics costs, Rocky Brands improved its Q1 gross margin by 200 basis points to 39.6 percent. But the Georgia Boot parent reported a 69 percent decline in operating income to $4,155,000 against $13,197,000 for the period ended March 31. The Q1 ...
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ArticlePrimus acquisition completed, new company Primus-Silva AB in operation
Silva Sweden AB has acquired 100 percent of the shares in Primus AB from Fenix Outdoor AB. The transaction closed on April 28, 2023, after the acquisition became official on Dec. 7, 2022. Since then, Primus, Silva and Fenix have worked to complete all operational transitions, including business systems, internet, ...
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ArticleColumbia's Q1 sales boosted by early spring shipments and DTC channel
While Columbia Sportswear generated both lower gross and operating margins in Q1, the company was able to report 10 percent constant-currency revenue growth to $820.6 million thanks to early shipments of Spring 2023 wholesale orders and a reported 4 percent increase in direct-to-consumer sales to $368.1 million. “2023 is off ...
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News briefsNewell Brands’ outdoor & recreation unit reports another quarterly loss
Newell Brands’ outdoor & recreation business segment, which includes Coleman, CampingGaz, Marmot, and Ex-Officio, reported an operating loss of $1 million versus a profit of $46 million in Q1, which ended March 31. Outdoor & recreation’s normalized operating income fell by 74 percent to $13 million from $50 million. Total ...
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News briefsSalomon opens flagship store in Annecy
Salomon has opened a new brand store in Annecy, a city in the French Alps close to the Swiss border, where the brand was born in 1947. The new store is just a few steps from the brand’s Annecy Design Center, where every Salomon product is designed, developed and prototyped. ...
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ArticleHelen of Troy gets operating income lift in Home & Outdoor
Fourth quarter operating income in Helen of Troy’s Home & Outdoor segment, which includes Osprey Packs, Oxo and Hydro Flask, rose by 38.5 percent to $31.3 million from $22.6 million due to lower inventory obsolescence expenses and the favorable impact of acquisition-related costs in the year-ago period. Segment revenues were ...
