All Snowsports articles – Page 30
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ArticleCoDi lifts FY outlook, but cautious on Q2
Compass Diversified (CoDi) anticipates a “significant snapback” in revenue growth and profitability within key businesses once a current industry inventory destocking cycle ends. The group’s current Q2 forecast is both cautious and conservative despite its decision to lift its FY23 adjusted earnings range to $110 to $135 million and consolidated ...
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ArticleClarus experiences strong Black Diamond demand in Europe
Hampered by a difficult year-over-year comparison in its Adventure segment and promotional activity in the North American region, Clarus Corp. reported a 42 percent decline in Q1 operating income to $4.69 million from $8.1 million. Net income was down by 69.9 percent to $1.6 million from $5.3 million for the ...
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ArticleColumbia's Q1 sales boosted by early spring shipments and DTC channel
While Columbia Sportswear generated both lower gross and operating margins in Q1, the company was able to report 10 percent constant-currency revenue growth to $820.6 million thanks to early shipments of Spring 2023 wholesale orders and a reported 4 percent increase in direct-to-consumer sales to $368.1 million. “2023 is off ...
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News briefsNewell Brands’ outdoor & recreation unit reports another quarterly loss
Newell Brands’ outdoor & recreation business segment, which includes Coleman, CampingGaz, Marmot, and Ex-Officio, reported an operating loss of $1 million versus a profit of $46 million in Q1, which ended March 31. Outdoor & recreation’s normalized operating income fell by 74 percent to $13 million from $50 million. Total ...
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News briefsSalomon opens flagship store in Annecy
Salomon has opened a new brand store in Annecy, a city in the French Alps close to the Swiss border, where the brand was born in 1947. The new store is just a few steps from the brand’s Annecy Design Center, where every Salomon product is designed, developed and prototyped. ...
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ArticleMips’ weak bicycle business impacts overall result in Q1 2023
In the first sales quarter of 2023, the slump in the bicycle business, which was already noticeable last year, and the associated high inventory levels at retail continued noticeably for “Brain Protection System” (BPS) manufacturer Mips AB. This ultimately resulted in net sales of SEK 88 million (€7.7m). In the ...
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News briefsJack Wolfskin signs with Irish distribution partner Bleubird
German outdoor company Jack Wolfskin has entered into a partnership with Bleubird. The Belfast-based outdoor lifestyle gear and brand distributor will now exclusively represent Jack Wolfskin in Ireland and Northern Ireland. Since its inception in 2016, Bleubird has built a strong network of trusted retailers throughout Ireland. Matt Creighton, founder ...
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ArticleFenix posts record Q1 sales but sees uncertain Q2 amid high inventories
Fenix Outdoor International reported sales of €180.0 million in the first quarter of 2023, a new record for the first three months of the year and up from €165.2 million for the year earlier, although margins remained under pressure amid inflation. Ebitda inched up to €31.2 million from €30.8 million ...
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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News briefsSalewa store in Bolzano reopens with new retail format
The Salewa flagship store in Bolzano has reopened after a two-month renovation with a new look and concept. Redesigned by Retail Design gpstudio, the store has also been reimagined as a new retail format. For the first time, a Salewa store is presenting the “circular experience,” an innovative format that ...
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ArticlePrimaLoft launches insulation made from Ocean Bound Plastic, Helly Hansen and Isbjörn first to feature
Source: Helly Hansen Helly Hansen Arctic Short Jacket with PrimaLoft Insulation with Ocean Bound Plastic As part of its Relentlessly Responsible™ mission, PrimaLoft Inc. has introduced new insulation made from 100 percent post-consumer recycled material, with 60 percent of the recycled material being Ocean Bound Plastic, sourced ...
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News briefsPeak Performance with changes in European B2B structure
The Swedish ski and outdoor brand Peak Performance is restructuring its B2B business. Marcel Hess, who was previously responsible for the omnichannel business in Central Europe, will take over the management of the global B2B business with immediate effect. Hess has been with Peak Performance for more than 10 years ...
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News briefsOrtovox launches webshop for refurbished products
With the launch of the Ortovox 2nd Life store, the southern German mountain sports specialist offers another tool to make mountain sports more sustainable. Extending the useful life of a product by three months already means reducing the CO2, waste and water footprint by 10 percent. With this in mind, ...
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News briefsFreeride Filmfestival back in original hands
With the beginning of 2023, Volker Hölzl and Harry Putz have taken over 100 percent of the parent company of the Freeride Filmfestival and the Freeride Experience. The company has moved its location from Tyrol to Vienna and now operates under the new name OFF ON Events GmbH. ...
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News briefsPeak Performance goes online with WearAgains
ehandel.se reports that Peak Performance, following last year’s launch of its secondhand concept WearAgains in a shop-in-shop at the outdoor company’s flagship store in Stockholm, is now also offering the concept online. The site acts as a marketplace where consumers create a profile to buy and sell second-hand clothing items ...
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ArticleMatthias Gebhard: “We repeatedly achieve constantly better results through micro-optimization”
For the Bergfreunde co-CEO, there’s no magic formula, but there are certainly some key strategies. Matthias Gebhard shares his best with us.
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News briefsBerghaus' parent with new COO
Source: Pentland Brands Abhy Thomas-Joseph Pentland Brands, the parent company of several sports, outdoor and lifestyle brands, including Berghaus, Speedo, Canterbury, Ellesse and Mitre, has announced Abhy Thomas-Joseph as its new global chief operating officer (COO). He replaces Jon Godden, who decided to leave in June 2023 ...
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News briefsJohn Walbrecht exits Clarus
Black Diamond parent Clarus Corp. disclosed the March 31 contract termination of president John Walbrecht in a public filing. Additionally, the group does not anticipate filling the vacant executive position. Walbrecht’s departure from Clarus comes one month after the company reported an $89.4 million operating loss in Q4 due to ...
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News briefsKari Traa with fall/winter outdoor focus
At Kari Traa, the collection months of September and October 2023 are thematically dedicated to outdoor hiking and outdoor training. For a safe, comfortable feeling when running in the evening or in the dark, the Norwegian outdoor brand, founded in 2006 by the eponymous Olympic ski champion, is launching the ...
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News briefsBerghaus has a new partner in Poland
Berghaus has confirmed that Człekówka-based Sportimpex PPHU will be the British outdoor brand’s new distributor in Poland, effective immediately. Following recent strong growth in Europe, the announcement represents another step in Berghaus’ strategy to expand its core business in key international markets. Poland is reportedly the second largest outdoor market ...
