News Briefs – Page 228
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News briefs
JD Sports and Boohoo argue over Kate Smith
JD Sports Fashion has blocked the nomination of Kate Smith as a non-executive director of a rather successful British e-tailer, Boohoo. The big British sports and outdoor retailer didn’t say why it was withholding its consent, but one reason seems to be the fact that Boohoo has been developing strongly ...
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News briefs
Canada Goose wants 90% bluesign-approved fabrics by 2025
Canada Goose has announced its commitment to reach 90 percent bluesign®-approved fabrics by 2025. The pledge is part of Canada Goose’s Sustainable Impact Strategy. The brands who commit to being a bluesign® System Partner have their supply chain thoroughly assessed to ensure that their products and processes meet the stringent ...
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News briefsTimberland releases 2019 CSR report
In 2019, Timberland, a VF Corp. brand, continued to push forward with its sustainability goals. For all cotton sourced by Timberland, including licenced apparel and accessories, Timberland increased its use of sustainably sourced cotton by 3 percent over the previous year to reach 77.5 percent. As for leather, 99.7 percent ...
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News briefs
Eurosima and OSV launch their 2020 call for innovative projects
Eurosima and Outdoor Sports Valley (OSV) maintain and renew their call for innovative projects in outdoor action sports. Projects should focus on the development of products or services, the start-up of businesses or the diversification of existing projects towards innovation or eco-design. All current and future members of the two ...
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News briefs
Icebreaker promotes Gene Piccotti
Icebreaker, a VF Corp. brand, has promoted Gene Piccotti to senior director of wholesale and retail for North America. He was previously head of U.S. wholesale after joining the brand in 2018. Prior to that, Piccotti worked for Volcom, Quiksilver and Hurley/Nike.
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News briefs
Vasque Footwear supports Children & Nature Network
Vasque, the American children’s outdoor shoe brand, is partnering with the Children & Nature Network to increase access to nature for children and families. Headquartered in Santa Fe, New Mexico, the Children & Nature Network is a non-profit organization that supports people and organizations working to reconnect children with nature. ...
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News briefsStandard & Poor's downgrades Wolverine
Standard & Poors downgraded its ratings for Wolverine Worldwide’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S&P forecasts that orders placed by its wholesale clients could drop by as much ...
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News briefs
Closeouts helped XXL to grow in Q1
A major clearance program launched in reaction to poor winter conditions helped XXL to boost its sales by 7 percent in the first quarter to 2,162 million Norwegian kroner (€191.7m-$208.2m), with 3 percent growth on a same-store basis, but this led the Nordic sports retailer to book negative Ebitda of ...
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News briefs
Hydro Flask helps Helen of Troy to grow
Helen of Troy reported a nice 15.0 percent increase in sales to $144.9 million for its Housewares segment, which includes Hydro Flask and OXO, for the fourth quarter of its financial year ended on Feb. 29, despite a drop outside the U.S. Lifted by new product introductions, sales grew online ...
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News briefs
Toray’s Kudos XT treatment to set new DWR standards
Toray Industries, Inc. has developed a durable waterproof treatment called Kudos XT. The Japanese chemicals company claims that the new treatment delivers higher levels of durability for both abrasion and machine washing. Kudos XT also solves the problem that conventional durable water repellents (DWRs) decompose over time and the outer ...
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News briefsProducer of Indigo and Bogner skis files for bankruptcy
Schwabe & Baer Entwicklungsgesellschaft, which manufactures high-quality skis and ski equipment under the brand name Indigo, among others, filed for insolvency at the Munich district court on April 14. Under the supervision of the restructuring expert Rolf Pohlmann, the provisional insolvency administrator, operations will continue and the company will be ...
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News briefsTenson acquires WearColour and Void Cycling
As reported earlier, WearColour, a Swedish brand of anoraks, ski jackets and pants with distinctive color blocking that also owns the Void Cycling trademark, filed for bankruptcy on Feb. 11 at its own request with the Gothenburg District Court. Now Swedish media reports that Tenson, one of the iconic Scandinavian ...
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News briefsPure Fishing downgraded by Moody's
Moody’s has downgraded Pure Fishing, the company previously owned by the former Jarden Corp. that groups together fishing tackle brands like Abu Garcia, Berkley and Shakespeare. The company’s debt reached 9 times Ebitda last year, after running into a negative cash position following a 6 percent decline in its revenues. ...
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News briefsMoncler suffers 18% drop in Q1 sales owing to coronavirus
(SGI) Moncler, one of the public companies that have weathered the collapse of the stock exchange best, saw consolidated sales decrease by 18.1 percent at current exchange rates, or by 18.4 percent at constant exchange rates, in the first quarter to March 31 as compared to the first quarter a ...
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News briefsThe North Face launches Retro Climb collection
The North Face has launched the Retro Climb collection, a capsule inspired by the Californian climbing culture of the 1980s. The collection includes a selection of retro pieces that have been reinterpreted for the streets and colorfully overhauled. The collection is already available for purchase on the brand’s website.
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News briefs
Canada Goose publishes first sustainability report
Canada Goose has launched its ”Sustainable Impact Strategy,” which is set out in the company’s very first sustainability report. The strategy includes “tangible commitments” that support some of the United Nations’ sustainable development goals (SDGs). These commitments include: climate neutrality with direct and indirect (Scope 1 and 2) net zero ...
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News briefs
LifeStraw publishes 2019 Responsibility Report
LifeStraw, a specialist in water filtration and purification for outdoor sports and recreation, has published its 2019 responsibility report. Among the most important results is the provision for 1.19 million school children in low-income communities to access clean water for one year through the brand’s retail Give Back Program. In ...
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News briefs
Scarpa hires Marco De Gasperi
Scarpa has hired Marco De Gasperi as its new category manager for trail running. De Gasperi is an Italian mountain, sky and long-distance runner. He won his first World Mountain Running Championship in 1997, straight after winning the the same title as a junior in 1996. He then became world ...
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News briefs
Rossignol Group names global director
(SGI) The Rossignol Group has made François Goulet its global director, according to sport-guide.com. The appointment follows the departure of the vice president for Europe, François Benaben, after more than eight years with the group. Goulet has been serving as Rossignol’s president for North America for a little less than ...
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News briefs
Polygiene on the rise
(SGI) Polygiene stabilized its business in 2019, with sales declining by just 0.3 percent to 68.8 million Swedish kronor (€6.34m-$6.82m), with cash flow improving and turning positive. Sales actually grew by 6.3 percent excluding the divested Protective Surfaces business, but the operating margin declined and the company ended up with ...
