News Briefs – Page 77
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News briefsSAC and Bangladesh Apparel Exchange partner for the Sustainable Apparel Forum
The Sustainable Apparel Coalition (SAC), an independent organization aiming to drive positive social and environmental impact, has announced a strategic partnership with the Bangladesh Apparel Exchange (BAE) for its fourth edition of the Sustainable Apparel Forum. The event will be held on March 15-16, 2023, in Dhaka, Bangladesh, and aims ...
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News briefs1% for the Planet certifies over $66 million in 2022
In a short update, the non-profit organization 1% for the Planet has delivered some numbers on the initiative’s development and achievements in 2022. Overall, the U.S.-based organization certified $66 million in giving to environmental partners and welcomed more than 1,800 new business members into its global network. Business members of ...
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News briefsAlpkit raises £1.5 million in funding
Alpkit, the British outdoor and cycling brand and retailer, has secured £1.5m (€1.7m) from the Midlands Engine Investment Fund (MEIF). The new funding will help it strengthen seasonal inventory acquisition and product development in the footwear and e-bike lines. It will also enable the company to take over its bike ...
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News briefsThe nominees for Cellulose Fiber Innovation of the Year 2023
Six companies have been nominated for the “Cellulose Fibre Innovation of the Year 2023” award, which has reached its third edition. The award will be presented at the “Cellulose Fibers Conference 2023” on March 8-9, 2023, in Cologne, organized by the independent German research institute nova-Institute. The six nominees are ...
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News briefsStrava acquires the FATMAP outdoor adventure platform
Strava, the subscription platform for connected fitness, has announced the acquisition of FATMAP, a mobile app for discovering, planning and sharing outdoor adventures. Following the acquisition, FATMAP’s global proprietary 3D mapping technology will be enabled in all of Strava’s services, and Strava subscribers will have access to the full FATMAP ...
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News briefsThule Group tightens climate targets
The Thule Group has set net-zero targets for 2050, extending its climate strategy set up already in 2020, when the company applied for formal review and approval by the Science Based Targets initiative (SBTi). According to the company, the group commits to reducing its overall greenhouse gas emissions by at ...
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News briefsDesign & Innovation awards 2023 for bike and outdoor products presented
The Design & Innovation Awards have been presented since 2017 and describe themselves as the “Oscars of the bike and outdoor industry.” For the awards, an international jury tested and identified the most outstanding products and trends of the new season in San Vigilio, Italy. The companies honored include Deuter, ...
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News briefsRumpl expands leadership team
Rumpl, the Portland, Oregon-based maker of high-quality outdoor blankets, announced the hiring of Kris Fry as creative director and internally promoted three team members: AshLee Anderson to director of marketing, Michael Archer to director of global operations and Emily Darby to director of supply chain planning. Fry joins the Rumpl ...
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News briefsParent company of Deuter, Ortovox & Co. has a new CFO
Source: Schwan-Stabilo Anke Buttler The Schwan-Stabilo Group, which owns the Ortovox, Gonso, Maier Sports and Deuter brands, announced that Anke Buttler has become the group’s new chief financial officer (CFO), joining CEO Sebastian Schwanhäußer as part of the group’s executive management team on Jan. 1. With a ...
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News briefsNorrøna acquires travel specialist and expands into international tourism
After acquiring the local tourism operator Hvitserk of Norway in 2020, Norrøna has now also acquired the global adventure tourism company Hvitserk & Eventyrreiser AS, which was founded in the 1970s. Hvitserk & Eventyrreiser offers trips to 50 countries all over the globe. Following the transaction, the company, now operating ...
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News briefsNewell Brands sets restructuring plan, 13% of workforce lose jobs
Newell Brands, the consumer goods company that features Marmot, Coleman, Campingaz and Contigo in its portfolio of brands, is consolidating its five operating segments into three and eliminating approximately 13 percent of its office workforce headcount this year. The total cost of the actions is pegged at $100 to $130 ...
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News briefsNew Millet store in Turin
After opening in Bolzano in November, Millet has now added another new flagship store in Turin at Via Gramsci 15. These two stores are the brand’s eighth and ninth in Europe and part of a broader retail plan for Italy that will see more openings, also in franchising, especially in ...
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News briefsVass returns to mainland Europe
Vass is returning to the European market, Angling International has reported. Last month, the U.K.-based fishing rainwear and waders supplier opened its European operations center and warehouse to enable regional retailers to stock its range again. Since Brexit, it has been difficult for anglers in mainland Europe to buy Vass’ ...
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News briefsOutdoor report by Marketmedia24 gives future outlook
Marketmedia24 has launched its new “Branchen-Report Outdoor 2023,” which puts a spotlight on the market development in Germany from the pandemic years 2020 and 2021 to 2022, a year overshadowed by war and inflation. Overall, Marketmedia24 sees 2022 as a year of slightly negative sales numbers (-1.4 percent) for the ...
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News briefsGlobal economy upsets Stellar’s results despite sales increase
Swedish trade publication ehandel.se reports that outdoor brand Stellar Equipment was able to boost sales in the past fiscal year. However, the company still ended up in the red because while sales increased from SEK 152 million (€13.6m) to SEK 167 million (€15m), the operating result landed at SEK -13.8 ...
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News briefs
WFSGI and McKinsey release annual Sporting Goods Report for 2023
“Clouds are gathering on the horizon for the global sporting goods industry.” So says the latest annual report from the WFSGI and McKinsey, Sporting Goods 2023 – The need for resilience in a world in disarray, produced in collaboration with The NPD Group. As previously previewed at ISPO in November ...
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News briefsGlobal situation worsens according to new Circularity Gap Report
Global impact organization Circle Economy has released its latest annual Circularity Gap Report – for the first time this year in collaboration with Deloitte. The report makes for sobering reading, with circularity down from 8.6 percent in 2020 to 7.2 percent in 2023 and the world relying almost exclusively on ...
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News briefsModern Meadow and Singtex partner on new sustainable materials for outdoor wear
Biotech firm Modern Meadow and Singtex, a global supplier of functional textiles, will co-develop innovative biomaterials, starting with a sustainably produced, high-performance, waterproof membrane-based material for outdoor apparel. The bio-derived membrane-based material, free of solvents and per- or poly-fluorinated alkyl substances (PFAS), is engineered to bring the outdoor industry a ...
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News briefsGathr Outdoors launches cross-brand loyalty program in the U.S.
Tennessee-based Gathr Outdoors, a portfolio company of Centre Partners that owns the Orca, GCI Outdoor and Klymit brands, amongst others, announced a new cross-brand, multi-tier loyalty program called Gathr Rewards, designed to reward customers with points redeemable for dollars towards future purchases. The program will initially encompass Orca, GCI Outdoor, ...
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News briefsBicycle Association and Novuna partner to make bike purchases more affordable
The U.K.’s trade association for the bicycle industry, the Bicycle Association (BA), has entered into a new partnership with Novuna Consumer Finance, one of the U.K.’s leading retail finance providers. The partnership will enable all BA members and the more than 1,000 U.K. bicycle retailers participating in its Investors in ...
