All Outdoor Industry Compass articles in OIC Vol. 17, Issue 3 – Page 8
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ArticleWomen in alpine sports: How do they train and regenerate differently?
German outdoor retailer Bergzeit hosted a panel discussion with Gela Allmann, an endurance athlete, sports scientist and mental coach, at its store in Gmund in southern Germany at the beginning of May. Topics such as mental health, mental strength and training principles were discussed intensively. Three experienced Bergzeit sales consultants ...
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ArticleIdeal Bike reduces loss while revenue drops significantly
Following Taiwan’s leading bicycle manufacturers Giant and Merida, Formosa’s third largest bicycle manufacturer Ideal Bike Corporation is not looking any better either. According to 2024’s first quarterly report, Ideal Bike achieved net sales of TWD 627.45 million (€17.96 million). Compared to the first three months of the previous year, this is an impressive decline of 39.9 percent.
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News briefsScan-to-print circular footwear from Vivobarefoot
London-based footwear brand Vivobarefoot has launched the first commercially available limited edition Vivobiome barefoot shoes. Vivobiome is a scan-to-print system for circular footwear and a clear move away from complex and, according to Vivobarefoot, extremely wasteful analog manufacturing to a simpler, low-waste and connected system that is fit for a ...
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ArticleTrusTrace launches Digital Product Passport playbook for the fashion industry
Stockholm-based SaaS company TrusTrace, a platform for supply chain traceability and compliance, has launched its third playbook entitled, “Unlocking DPP: The Why, What and How of Digital Product Passports. “ Unveiled at the Global Fashion Summit in Copenhagen, the playbook offers an essential guide for fashion industry ...
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Short stops
Short Stops Week 22, 2024
PRODUCT & MARKETING +++ Glenn Barrett, OrthoLite founder and CEO, was formally inducted into the US 2024 Sporting Goods Industry Hall of Fame by the National Sporting Goods Association +++ New York-based agency Razorfish, which is part of Publicis Groupe and employs more than 2000 people across five continents, has ...
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News briefsWaterBear launches film series exploring the circular economy
The Ellen MacArthur Foundation’s strategic partner, WaterBear, has launched a new film series exploring the circular economy – and how people can apply it to their own lives. Other Ways of Living, a three-part series presented by award-winning journalist and documentary filmmaker Matt Shea, looks at the built environment, fashion, ...
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ArticleFashion for Good reveals $1.5bn potential for US fiber-to-fiber recycling
Fashion for Good, a platform for sustainable fashion innovation, has published the “Sorting for Circularity USA” report, which presents the key findings of the project. The report is the first of its kind in the US. It looks at consumer disposal behavior, the composition of textile waste ...
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ArticleNorrøna continues to invest in adventure tourism
Norwegian outdoor brand Norrøna and the renowned Danish architecture firm Dorte Mandrup A/S have joined forces to create a unique nature hotel on the west coast of the island of Senja in northern Norway. Source: Nikolai Schirmer Senja – where mountains meet the sea Norway’s second-largest island ...
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News briefsThule Group with new SVP Corporate Comms and IR
Catharina Paulcén has been appointed Senior Vice President Corporate Communications and Investor Relations at the Swedish Thule Group AB. She will be part of the group management and based at the group’s headquarters in Malmö, Sweden. Her predecessor, Fredrik Erlandsson, announced in January that he was leaving to join a ...
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News briefsBrompton opens Junction in Berlin
On May 8, British folding bike specialist Brompton opened a Junction in Berlin – the first store in Germany run by Brompton itself. As usual, Brompton is also bringing a strictly limited Berlin Junction Special Edition to the streets. “Berlin has always been a melting pot of cultures, ideas and ...
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ArticleThe US bans more importers of Xinjiang cotton
The US Department of Homeland Security (DHS) has added some 26 Chinese textile companies to the Uyghur Forced Labor Prevention Act (UFLPA, enacted in December 2021) Entity List. Importing their goods into the US is now banned. The companies in question are cotton producers, trading houses and warehouses. Most operate ...
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News briefsBritish Cycling and Lloyds Bank announce partnership
British Cycling and Lloyds Bank have announced a long-term partnership that will see Lloyds Bank become the new lead partner of British Cycling. The multi-year commitment will see the financial institution become the title partner of the revamped Tour of Britain with immediate effect. It will also include a number ...
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ArticleRecommerce specialist Trove appoints new CEO
Trove, a leading US-based resale and trade-in company for brands and retailers, has appointed Terry Boyle as its new Chief Executive Officer, effective June 17. Boyle brings extensive experience in the retail industry, having previously served as CEO or President of several companies. He succeeds Gayle Tait, who has decided ...
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News briefsVoluntary recall of Black Diamond’s Neve Strap crampon
Black Diamond Equipment, in cooperation with the US Consumer Product Safety Commission and Health Canada, is voluntarily recalling the Neve Strap Crampon and related accessories/spare parts. The recall affects all green Neve Strap Crampons (model #400073 of year 2024) sold between January and May 2024 (more details here). The recall ...
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ArticleTeva and Sanuk down, while Hoka accounts for strong FY24 at Deckers
Deckers Brands, the parent of Hoka and Teva, among others, ended a successful fiscal year by reporting a 36 percent operating income increase in the final period to $144.3 million compared to $105.9 million. Gross margin expanded by 620 basis points to 56.2 percent. Revenues increased by 21 percent ...
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OpinionOpinion: (CSR) Standards – Worth the effort?
Ana Kristiansson prompted a lively debate on LinkedIn around “Are Certifications Bullsh*t?” and it has been interesting to follow the multitude of comments on the platform. Ana is one of the good guys, and the post highlighted that not everything is that straightforward. Perhaps my main conclusion is that everyone ...
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ArticleStill no turn for the better for Taiwanese bicycle manufacturers
After Taiwan’s leading bicycle manufacturer Giant Manufacturing already reported a double-digit drop in sales for the first quarter of 2024, the country’s number two, Merida Industry Co. is now following suit with its Q1 results: Compared to the first three months of the previous year, Merida’s consolidated sales in Q1 ...
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News briefsDecathlon, Recyc’elit promote textile recycling and sustainability in the industry
Decathlon has reinforced its commitment to sustainability by partnering with Recyc’elit, a pioneering startup specializing in the recycling of complex textiles. Founded in Lyon, France, in 2020 by PhD scientists Karim and Raouf Medimagh, Recyc’elit has introduced a technology for separating materials such as polyester, elastane, and polyamide, enhancing the ...
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ArticleeBay publishes Recommerce Report 2024 on first ‘Recommerce Day’
On May 21, eBay celebrated its first Recommerce Day with the release of its Recommerce Report 2024. Now in its fourth year, the report has traditionally explored the insights and motivations of eBay sellers and buyers when shopping for used items. This year, the company explored the importance of reselling ...
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ArticleVF share plummets 11.7% after poor Q4 results, but beats full-year cash flow forecast
VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face (TNF), Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent in after-market trading on May 22. The stock has ...
