All Outdoor Industry Compass articles in OIC Vol. 17, Issue 3 – Page 12
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ArticleQuarterly loss widens at Clarus
Despite the wider operating loss and slightly lower overall sales, Clarus, the parent of Black Diamond, Pieps, Rhino-Rack, Maxtrax and Tred Outdoors, saw sales momentum in its Adventure segment and operational improvement within the Outdoor segment. The period ending March 31 marked the first phase of the group’s three-year strategic ...
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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 ...
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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 ...
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News briefsNew GM heading ThredUp’s European business
Source: ThredUp FlorinFilote, GM Europe California-based online resale platform ThredUp Inc. appointed Florin Filote as its new General Manager of Europe. He succeeds Dan DeMeyere, who has been with ThredUp since 2010 and most recently ran the company’s international business for two years. With nearly two decades ...
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News briefsNew VP Brand for Sorel
Columbia Sportswear Company announced that Michael Minter has joined the company as Sorel’s Vice President, Brand, effective April 29, 2024. Minter has spent nearly 20 years in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC and Reef. His work has ranged from award-winning advertising campaigns ...
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ArticleRevelyst sells ammunition brand
Revelyst, a Vista Outdoor Inc. company, has announced the sale of RCBS, the company’s reloading brand based in Oroville, California, to Hodgdon Powder Co. Inc, a Shawnee, Kansas-based supplier of smokeless propellants and black powder substitutes. RCBS is a leading manufacturer of ammunition reloading devices for hunters, competitive shooters and ...
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News briefsOrthoLite expands global foam innovation team with two specialists
OrthoLite’s Global Foam Innovation Team was founded by Hanson Zhang, the company’s Chief Chemist, who co-leads the team, which is essentially the heart of the insole specialist’s product development, with Wen Bin Hong, OrthoLite’s Director of Chemistry. Now, two new hires have been announced to – as Ortholite puts it ...
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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 ...
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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 ...
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News briefsCEO of Merida R&D Center resigns
Source: Merida R&D Center GmbH Jürgen Falke After more than 20 years of helping build up the Merida R&D Center GmbH (MRD) based in Magstadt, Germany, and playing a key role in several of its achievements, Jürgen Falke stepped down as CEO of the Merida development department ...
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ArticleHyosung develops certified sugar cane-based spandex with biotech partner
South Korea’s Hyosung TNC, the world’s largest manufacturer of spandex, has partnered with San Diego-based biotechnology company Geno to to begin construction of facilities to produce Bio BDO at its plant in Vietnam. The plant is expected to be operational in the second quarter of 2026. The project is a ...
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ArticleNew Patagonia documentary explores the era of cheap clothes trash
Patagonia recently released its new film, “The Shitthropocene.” The 45-minute documentary is a humorous, thought-provoking anthropological observation of people’s consumer habits. The film takes a satirical yet brutally honest look at how everything in the clothing industry has turned to “shit” over time and why the urge to buy more ...
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ArticleLa Sportiva opens first US retail store in Colorado
Italian mountain sports brand La Sportiva celebrated its first retail store in the US with a Grand Opening event in Boulder, Colorado, on April 18-19. The new location at 2100 Broadway has been open to the public since Jan. 2, 2024. The Grand Opening helped underscore the brand’s commitment to ...
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ArticleOICompass supports POW initiative: Promoting a sustainable future in EU elections
Discover how POW Europe is mobilizing the outdoor industry to promote sustainable policies in the upcoming EU elections.
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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 ...
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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 ...
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News briefsRevelyst reschedules investor day to early fall
Revelyst, the outdoor segment of Vista Outdoor Inc., has announced that the company will postpone its investor day. The change comes in light of the Vista Outdoor Board of Directors’ recent decision to postpone the date of its planned shareholder vote in connection with its third-party investment in the company. ...
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News briefsWolverine with new Chief Legal Officer and Corporate Secretary
Source: Business Wire Dave Latchana, Chief Legal Officer and Corporate Secretary of Wolverine Worldwide Wolverine Worldwide has announced the promotion of Dave Latchana to the position of Chief Legal Officer and Corporate Secretary, where he will oversee a wide range of functions, including legal, compliance, corporate communications, ...
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News briefsZyroFisher appoints Chief Commercial Officer
ZyroFisher, a UK-based distributor of sports and lifestyle brands, has announced the appointment of Nadine Thompson as Chief Commercial Officer. In a career spanning more than 20 years, Thompson has held senior positions with multinational companies such as Procter & Gamble and Pentland Brands and has maintained close relationships with ...
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News briefsAmer sells its Enve bicycle brand
Amer Sports is selling US-based Enve Composites, a manufacturer of carbon bicycle frames, wheels and components, and more recently cycling apparel, to Utah-based private investment firm PV3, led by entrepreneur and cycling enthusiast Mark Hancock, for an undisclosed price. The deal is expected to close in the coming weeks. Enve’s ...
