All Outdoor Industry Compass articles in OIC Vol. 17, Issue 4 – Page 22
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Article
Vista Outdoor operating income dips 12 percent in Q1
The group’s Q1 sales met expectations, but profits exceeded forecasts despite a 12% drop in operating income. Sales fell by 7.1%, yet gross margin improved.
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Article
TNF parent records lower than expected sales decline in Q1
VF Corp. is especially optimistic about Vans’ recovery, led by EMEA’s wholesale success. The North Face sales dipped 2%.
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Article
ISPO Munich 2024: For the sports industry that loves every contact
Unlock the power of meaningful connections at ISPO Munich 2024. Exhibit in December in Munich.
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News briefs
Fran Millar takes the helm at Rapha
The experienced executive, previously with Belstaff and Team INEOS, takes over as CEO of the London brand on Sept. 23, aiming to drive growth and innovation.
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Article
Johnson Outdoors’ results hurt by lower sales, promotional investments
The American outdoor equipment manufacturer reported an operating loss and an 89% drop in net profit for the third quarter, with sales down 7.8%.
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Article
Political unrest in Bangladesh leads to setbacks for garment industry
Political turmoil has caused severe disruption in the country’s textile industry and jeopardizes the confidence of international buyers.
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News briefs
ThredUp launches AI-powered shopping tools
The California-based resale platform uses AI-driven tools to enhance shopping, offering personalized search, image-based item discovery and style chat for a more efficient fashion experience.
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News briefs
Gregory and Unlikely Hikers launch new inclusive backpack collection
After a first collection in 2021, Gregory and Unlikely Hikers are now launching their second product range – with regular and plus sizes.
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News briefs
Haglöfs appoints new Chief Commercial Officer
The Swedish company hired Andreas Oliver Lorenz as Chief Commercial Officer, bringing expertise from Adidas and On to drive growth and innovation.
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News briefs
BECYCLE returns to Florence in March 2025
The Italian cycling and bike tourism show will return to Stazione Leopolda from March 15 to 17.
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News briefs
ThredUp publishes annual Impact Report and reports $322m in revenue
The California-based resale platform’s third annual report highlights key sustainability efforts in 2023, such as reselling 2.2 million secondhand items and planting 800 trees.
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Article
USWE reports marginal sales decline in Q1 amid logistical challenges
The Swedish company reports a challenging Q1 with a 2% drop in sales and logistics issues, but is now focusing on market expansion and improving profitability for future growth.
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Article
Adam Arnold: Steering Nikwax and Páramo toward employee ownership and sustainable success
In our latest interview, Adam Arnold, CEO of Nikwax and Páramo, discusses steering the company towards employee ownership, navigating post-pandemic challenges, and championing sustainability. Learn about Arnold’s journey from a summer job to CEO and how he plans to achieve net zero emissions by 2040.
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Short stops
Short Stops Week 32, 2024
RETAIL +++ French sports brand Salomon has announced plans to open a new store in Osaka, Japan, aligning with the brand’s strategy to strengthen its retail footprint in key international markets +++ PRODUCT +++ Brompton is recalling its T-Line foldable bicycles due to a fall hazard caused by ...
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Article
Fox Factory sales down, SSG sales increase mainly due to Marucci takeover
The suspension specialist’s Q2 results showed a 13% sales drop, driven by double-digit declines in PVG and AAG sales. However, SSG saw a 17.8% increase, mainly due to the Marucci Sports acquisition and a 52% rise in bicycle brand sales compared to Q1.
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Article
Clarus Q2 results hurt by weakness in EU wholesale, American consumer demand
The owner of Black Diamond and Pieps continued improvements in its Outdoor segment during the second phase of its three-year strategic plan despite facing challenges in North American consumer demand and European wholesale markets.
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News briefs
DBDtools entering Iberia
The Slovenian firm has reached a distribution deal for Spain and Portugal.
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News briefs
National Outdoor Expo and National Cycling Show to be combined in 2025
In 2025, the National Outdoor Expo and the National Cycling Show will be held together at the NEC in Birmingham to offer visitors an even more comprehensive and enriching experience.
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News briefs
Porsche eBike Performance GmbH welcomes new quality officer
Porsche’s eBike subsidiary has hired a new executive to manage quality from strategy to implementation and synchronize the processes and methods with the parent company.
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News briefs
Elba Legend Run, a new trail running event in Italy
The first event in the Tuscan Archipelago will take place on Oct. 6, 2024.