All Outdoor Industry Compass articles in Vol. 16, Issue 5 – Page 11
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ArticleOutdoor Industry Climate Action Corps releases 2022 impact report
The U.S. Outdoor Industry Association (OIA) Climate Action Corps has released the latest data from its 2022 Impact Report, which summarizes the group’s goals, methodology, results and findings, as well as an assessment of the overall impact to date. The OIA Climate Action Corps was formed in January 2020 to ...
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News briefsNew executive appointments at OrthoLite Cirql
Source: OrthoLite Matt Thwaites Performance footwear insoles company OrthoLite has announced Matt Thwaites as its new Vice President and General Manager of OrthoLite Cirql, the footwear solution that enables circularity for brands and factories. Thwaites brings more than two decades of experience in sales and operations in ...
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News briefsSamsonite pack sales increase by 17 percent in H1
Samsonite did not breakout sales of Gregory Mountain Products in its H1 report. Instead, the pack brand was lumped into an Other segment along with High Sierra, Kamiliant, ebags, Xtrem, Lipault and others. Collectively, the nine pack labels and selective third-party brands sold through the group’s Rolling Luggage and Chic ...
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News briefsVolumental partners with UK retailer of outdoor footwear
The UK-based vendor Outdoor & Cycle Concepts Limited (O&CC), owner of Cotswold Outdoor, Runners Need, and Snow+Rock, has partnered with 3D foot scanning platform, Volumental.
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News briefsRevolutionRace opens up in three new markets
RevolutionRace is expanding its international presence by opening up for customers in three new markets: Canada, South Korea, and Japan. RevolutionRace will now be available in approximately 40 countries. “We are very excited to continue our journey of growth by opening up for customers in three new exciting markets. We ...
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News briefsViking Outdoor moves into kids apparel
The Norwegian brand Viking Outdoor Footwear is expanding into a new category. Launching in August, just in time for back-to-kindergarten, Viking Outdoor will release its first range of kids’ apparel A full range of baselayers, midlayers, outerlayers and accessories are in the pipeline. Outerlayers will include playsuits that are built ...
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ArticleR&M switches to reusable packaging for e-bikes and small parts
German e- and cargo-bike manufacturer Riese & Müller GmbH (R&M) has announced it is soon to be one of the first manufacturers in the bike industry to use reusable packaging for shipping e-bikes and small parts.
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News briefsNew CEO for Nikwax
Nikwax, maker of technical cleaners and waterproofing products for outdoor gear and apparel, has promoted current President of Nikwax North America, Brian Davidson, to CEO of its global business. Davidson will maintain his position while also leading Nikwax globally. Source: Nikwax Brian Davidson, new CEO of Nikwax’s global ...
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ArticleLeatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
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News briefsRevolution Race posts strong FY, but profits decline
Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...
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ArticleMerida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
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ArticleYeti sales outside US rise 18 percent in Q2
Yeti, the Texas-based drinkware and cooler company, generated 18 percent Q2 sales growth in markets outside the U.S. to $56.7 million, as US revenues fell by 7 percent to $345.9 million for the period ended July 1.
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News briefsIndorama triples its PET recycling capacity in Brazil
Indorama Ventures Public Co. Ltd., one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, has announced the completion of the expansion of its recycling facility in Brazil. The expansion project has been supported by a “Blue Loan” from the International Finance Corporation (IFC), the largest global development ...
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Short stops
Short Stops Week 33, 2023
PRODUCT & MARKETING +++ Schöffel will be the official clothing supplier for all IAA Mobility employees and hosts at the Munich tradeshow this September +++ EXECUTIVE CHANGES +++ Columbia Sportswear has hired Woody Blackford as Senior Vice President, Chief Product Officer for the Columbia Brand, welcoming ...
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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News briefs21st Century Adventurer Award 2023 winner announced
Jonas Deichmann has been announced as the winner of the 21st Century Adventurer Award 2023. Deichmann swapped his office chair for a bicycle saddle and crossed Europe and South America, among other places, on his bike. Source: European Outdoor Film Tour Jonas Deichmann Most recently, he set ...
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ArticleDespite positive signs, Bike24 posts further losses due to high future investments
In the second sales quarter of 2023, German e-commerce bicycle retailer Bike24 Holding AG brought in revenues of €62.9 million, down 6.1 percent compared to the same period in 2022. But there are some positives on the horizon, with the measures introduced to increase profitability beginning to show effects.
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ArticleGiant Group H1 down in the west but up in China
In the first half of 2023, Taiwan’s bicycle producer Giant Group reached consolidated overall sales of NT$42.58 billion (€1.22 billion). A 5.4 percent drop compared to the first six months of last year, but one region showed a strong sales performance.
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ArticleWolverine Q2 results slump, new CEO set to lead turnaround
Chris Hufnagel, who was just named the President and CEO of Wolverine Worldwide, Inc. with immediate effect following the sudden departure of Brendan L. Hoffman, faces numerous headwinds from day one, with the group’s Q2 figures now released. They range from getting inventory and debt to proper levels and driving ...
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News briefsHelly Hansen sales dip in Q2
Canadian Tire, which owns the Norwegian outdoor brand Helly Hansen, reported a 2.9 percent decline in Q2 revenues for Helly Hansen to C$135.6 million (€92.8m) from C$139.6 million for the period ended June 30. The company cited the timing of wholesale shipments for the sales drop. In Norwegian kroner, Q2 ...
