All Outdoor Industry Compass articles in OIC Vol. 17, Issue 4 – Page 23
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News briefsPescare Show goes to Rimini
The recreational fishing show is being held for the first time in the well-known seaside resort in Emilia-Romagna, Italy.
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ArticleCanada Goose: 4% sales growth in Q1 thanks to Asia-Pacific
Despite a challenging Q1 with a decline in wholesale, the company achieved overall sales growth of 4%, driven by strong demand in the Asia-Pacific region for its SS24 collection.
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News briefsNorthwave has a new distributor in North America
The Italian cycling brand has selected HLC as its new distribution partner for the US and for its market entry in Canada next month.
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ArticlePassenger takes old school bus on Made To Roam tour through UK
UK outdoor brand Passenger has transformed an old American school bus into a mobile home for their upcoming Made To Roam tour, offering bookable stays and unique festival appearances.
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ArticleCoDi with strong growth in Boa and PrimaLoft sales amid inventory recovery
Compass Diversified’s branded consumer brands saw significant revenue growth in Q2, driven by destocking recovery and strong European performance, despite setbacks from the Crosman airgun company divestiture in April.
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OpinionThe churn is the concern. Is the answer as simple as this?
My most frequently asked opinion around the textile industry is what to do as individual consumers want to reduce their footprint. Their real question is which brand is best to patronize if something new has to be bought. This is a valid question, as without profit coming into the industry, ...
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ArticleEuropean Week of Sport: IGOT, OUTO, FESI and EOG team up to repurpose unused equipment
As part of the European Week of Sport 2024 (Sept. 23-20), the It’s Great Out There Coalition, Opening Up The Outdoors, FESI and EOG are calling for companies to donate products to be handed out to clubs.
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ArticleUS Outdoor Industry Association releases 2024 Benchmarking Report
The report shows that the typical company had sales of $9.70 million and a pre-tax profit of 11.9%. The typical high-profit company’s revenue was approximately $6.77 million, profit 18.5%.
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ArticleGarmin adjusts FY guidance
Sales in the Outdoor segment fell by almost 2 percent due to lower sales of its adventure watches, but Garmin still achieved overall operating income growth of 20 percent with a 14 percent total revenue expansion.
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News briefsNew Trek bike partly made from special polymers to reduce carbon footprint
Parts on Trek’s new Madone Gen 8 road bike have a lower carbon footprint thanks to the partial use of recycled materials.
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News briefsNew additions to Dynafit’s international marketing team
On July 1, Lukas Malgay started as the brand’s new International Sports Marketing Manager, and in May, Helge Röske joined as International Product Marketing Manager.
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News briefsREI sets sustainability benchmark with new distribution center
REI’s newest distribution center in Tennessee earned the prestigious LEED v4 Platinum Certification from the US Green Building Council.
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ArticleEarth Overshoot Day 2024: Yet another day earlier
In 2024, humanity’s demand for ecological resources and services will already exceed what the earth can regenerate on Aug. 1. This early date underlines the growing urgency to change our unsustainable consumer behavior.
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News briefsRocky Brands lifts Q2 operating income
The Ohio-based maker of outdoor and work footwear, apparel and accessories improved its Q2 operating income by 104 percent thanks to a more diversified portfolio and cost-saving initiatives.
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News briefsOutdoor Research launches MTB collection
OR’s first mountain bike collection, called Freewheel and originally announced for Spring 24, is now available for consumers.
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ArticleBicycle sales slump in Europe weighs on Shimano’s overall business
Announcing a 17.6% drop in total net sales in H1 2024, the world’s leading manufacturer of bicycle components blames macroeconomic turbulences in geopolitically tense times.
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News briefsCarbios partners with Nouvelle Fibres Textiles on PET biorecycling project
The French companies have joined forces to tackle the problem of polyester textile product waste.
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ArticleVista to review strategic alternatives, shareholder meeting postponed
The Board of Directors of Vista Outdoor wants to examine strategic alternatives for the future of Revelyst and The Konetic Group – and is postponing the shareholders’ meeting once again.
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Article4 Sustaining Members celebrate 10 years with EOCA
EOG, Keen, Nikwax and Pertex have maintained their Sustaining Membership with the European Outdoor Conservation Association for the last 10 years.
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News briefsScott USA has as new COO
Scott Sports’ US subsidiary has appointed Jake Dudek, formerly VP of Commercial Operations at Signa Sports United, as the company’s new Chief Operating Officer.
