All Outdoor Industry Compass articles in Vol. 16, Issue 5 – Page 12
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News briefsCreditors grant continued reconstruction for Swedemount Sportswear & Fashion AB
A meeting on Aug. 6 at Gothenburg District Court has decided that the reorganization of Swedish outdoor clothing company Swedemount Sportswear and Fashion AB should be allowed to continue the three-month period that has already begun. Neither Swedemount’s bank nor the Skatteverket (Swedish Tax Agency), which is by far the ...
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News briefsDometic provides equipment for pole-to-pole climate change expedition
Dometic is to be an equipment partner to a father and son team, Geoff Wilson and Kitale Wilson, as they sail from the South Pole to the North Pole in order to promote climate change awareness. The expedition, “Project Zero,” will document in real time the status of some of ...
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News briefsGlobal Organic Textile Standard starts OECD due diligence process
The Global Organic Textile Standard (GOTS) has officially started the Organisation for Economic Co-operation and Development (OECD) Alignment Assessment process for GOTS’ version 7.0 due diligence process. The OECD Alignment Assessment is a three-stage process that includes a Standards Assessment, an Implementation Assessment and a Credibility Assessment. OECD Alignment Assessments, ...
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News briefsFishbrain fishing app secures $6 million in new share issue
Fishbrain AB, the Swedish-based developer of a mobile application for anglers, has raised $6 million in funding. The round was led by Swedish venture capital fund Industrifonden, and co-led by Lucerne Capital Management, a US-based equity investment firm with a focus on European markets. The new funding is expected to ...
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ArticleSea freight market easing but orders are also down
Freight rates for sea freight containers from the Far East have fallen to a stable low level, but retailers are placing fewer orders with their suppliers than in the previous year. This is according to supply chain experts at Setlog, a software company based in Bochum, Germany, who carried out ...
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News briefsNew Group VP at Johnson Outdoors
Johnson Outdoors Inc. has announced that Bill Kirchner will be joining the company as the new Group Vice President, Fishing. Kirchner will report to Johnson Outdoors CEO Helen Johnson-Leipold, and be a member of the Company’s Executive Committee. Kirchner joins the company from Newell Brands, where he has served as ...
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News briefsAmerican gear and accessories brand latest to join EOG
US-based outdoor gear and accessories brand Nemo has joined the European Outdoor Group (EOG). According to the brand, the partnership aligns with Nemo’s goal of reducing negative environmental impacts and leveraging education and partnerships to further its mission of making adventure possible anywhere, for anyone, forever. “As Nemo continues to ...
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News briefsFormer CEO of Oase Outdoors returns to role
Henrik Arens, Chairman of the Board and founder of camping equipment manufacturer Oase Outdoors, has returned to his role of CEO of the company. Arens co-founded the company, and subsequently worked for many years as its CEO, handing over the role to Henrik Bernth in August 2022. Arens is taking ...
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News briefsGerman arm of Nordisk has new MD
Nordisk Freizeit GmbH, the German arm of Nordisk Company, has a new Managing Director. Patrick Laquer is to replace Werner Blömer, who is to retire at the end of the year after leading Nordisk Freizeit GmbH since 2001. Blömer and Laquer will form a dual leadership until the end of ...
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News briefsFischer partners with snowsports experience provider
The UK arm of Fischer is to partner with the provider of personalized snowsports coaching and experiences, Uniq Snowsports. Fischer products will be available for testing at Uniq Snowsports’ upcoming Summer camps at indoor and dry slope camps at: Landgraaf Pembrey Norfolk and Llandudno The strategic collaboration aims ...
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ArticleClarus posts Q2 loss, revises FY guidance downward
Despite 28 percent year-over-year sales growth in the direct-to-consumer channel, Clarus Corp. reported a Q2 loss of $2.1 million against a profit of $3.8 million for the period ended June 30.
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News briefs
Messe Frankfurt rebrands sustainability events at textile fairs as “Econogy”
Messe Frankfurt is realigning the sustainability initiative of its Texpertise network under a new common identity, dubbed “Econogy.” The term, which represents a blend of economy and ecology, aims to place stronger emphasis on sustainability as a central element in today’s textile industry. With more than 50 events in 11 ...
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Short stops
Short Stops Week 32, 2023
PRODUCT & MARKETING +++ British Cycling has announced a partnership with British brand Coral Eyewear that will see Coral provide its products to the Great Britain Cycling Team (GBCT) staff and athletes +++ Alpinist Tamara Lunger and trail runner Flo Neuschwander have joined the Deuter athletes team +++ ...
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News briefsWFSGI postpones World Cycling Forum 2023
In a post on the event website, the WFSGI has announced it is postponing the World Cycling Forum 2023. The decision comes after “discussion with senior leaders of the industry and seeing the ongoing economic challenges within the bicycle industry,” with the WFSGI adding: “Our first priority is to listen ...
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News briefsMountain Warehouse triples the size of its store at Gloucester Quays
Mountain Warehouse, U.K.’s largest outdoor retailer, is to relocate from its existing store into a larger, 650-square-meter space at Gloucester Quays, an outlet shopping center in Gloucestershire, England. The retailer will relocate from its current store adjacent to Skechers to a bigger space next to Levi’s. The new store, which ...
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News briefsNew Strava tool encourages eco-friendly transportation
Strava, the subscription platform for connected fitness, has introduced a product update focusing on carbon savings. Users who tag their activities as “commute” on Strava can follow up their estimated carbon savings when commuting by walking, cycling, running or e-biking instead of commuting by car or motorbike. The company hopes ...
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News briefsUCI launches online platform enabling cycling’s stakeholders to measure their environmental impact
The Union Cycliste Internationale (UCI) has launched a platform that enables cycling’s stakeholders to measure their impact. The new “UCI Sustainability Impact Tracker” has been developed in collaboration with Global Climate Initiatives (GCI) and 261PI. This innovative tool will be proposed to all cycling stakeholders, including national federations, UCI teams, ...
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OpinionProduct design in the outdoor industry – where to start
Charles Ross’ resume of more than 25 years blends work with outdoor brands, teaching roles on fashion and sportswear design courses at various universities, and his own love of all-things performance fabric related. He is therefore the ideal person to answer the question: How can we improve the future of ...
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ArticleFox Factory’s PVG & AAG sales increase offsets SSG sales decline
The bad news first: Suspension expert Fox Factory Holding Corp.’s (Easton Cycling, Fox, Marzocchi and Race Face brands) cycling business, grouped under Specialty Sports Group (SSG), slumped again in the second sales quarter of current FY 2023. The good news is that sales increases at its sister group Powered Vehicle ...
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ArticleSolo Brands lifts Ebitda margin as Q2 wholesale revenues soar
Solo Brands lifted its annual Ebitda margin target after a strong rise in second-quarter earnings and wholesale revenues. The owner of four lifestyle brands said wholesale revenues increased 57 percent to $31.3 million in the three months to June 30, compared to $19.9 million a year ago. Direct-to-consumer sales fell ...
