All snow sports articles – Page 6
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News briefsUYN opens its first U.K. store amidst international expansion plan
Italian brand UYN (Unleash Your Nature) has opened a store in Cambridge, its first in the UK. SGI Europe reported about this planned opening earlier this month while the brand was inaugurating another store in Peschiera, on Italy’s Lake Garda. The Cambridge store is located on Market Hill, in the ...
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News briefsNew Wave Group boosts operating profit despite slight decline in sales
New Wave Group realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 percent to SEK 869.2 million (€77.6m) from SEK 881.5 million. The group, which counts Craft, ...
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ArticleAtomic hosts first Ski Industry Climate Summit to address climate change impacts
The Austrian ski company Atomic is hosting the first Ski Industry Climate Summit, a two-day international conference aimed at bringing together key stakeholders and driving effective change to address the urgent need for climate action. The event, supported by FESI (Federation of the European Sporting Goods Industry) and Protect Our ...
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News briefsSnow sports apparel market to grow 6% by 2027
The snow sports apparel market is estimated to increase by US$1.65 billion from 2022 to 2027. The market will be progressing at a compound annual growth rate (CAGR) of 6.12 percent, according to a new report by tech research and advisory firm Technavio. Growth is being driven by the rising ...
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News briefsUYN opens new Italian store ahead of further openings abroad
UYN is opening a new store in Peschiera del Garda, a resort town on Italy’s Lake Garda, not far from the city of Verona. The store is housed in the Padiglione degli Ufficiali (Officers’ Pavillion), a 19th-century building that comprises luxurious penthouses and a shopping gallery. The new store features ...
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ArticleChina demand boosts Canada Goose Q1, but warns of slower Q2
Strong post-Covid pandemic demand from China for parkas has helped Canada Goose beat revenue estimates for its first quarter, but the company warned of below-estimate sales in the current three months due to softer demand amid a tougher US economic backdrop. Continued momentum in Asia Revenue from its Asia-Pacific segment ...
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ArticleAcushnet paced by U.S., ball sales in Q2
Acushnet’s operating income increased by 20 percent to $106.5 million from $88.5 million in Q2 as the Titleist, FootJoy, and Kjus parent achieved 4.7 percent revenue growth to $689.4 million from $658.6 million for the period ended June 30. Net income was 12.3 percent at $74.7 million versus $66.5 million ...
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ArticleCoDi maintains FY guidance as inventory headwinds persist
Net income from continuing operations in Compass Diversfied’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 68 percent to $6.94 million from $21.4 million for the period ended June 30. Total revenues from the five companies fell ...
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News briefsUvex Sports Group switches to selective distribution in Europe
Uvex Sports Group (USPG), the parent of the Uvex and Alpina brands, announced that it will be introducing a selective distribution system in Europe from January 2024. Through the new partner program, only certified dealers will have access to the product range. According to an in-depth analysis by the USPG, ...
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ArticleEuropean ski industry stands strong amid challenges, sells 3.67m pairs of alpine skis in 22/23
The Federation of the European Sporting Goods Industry (FESI) has completed its annual market research on ski product sell-in data, providing a comprehensive assessment of the evolution of the European ski market following the Covid pandemic and the first winter season in the shadow of the war in Ukraine and ...
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ArticleMoncler Group’s H1 revenues surpass €1 billion for first time
Consolidated H1 revenues rose by 24 percent in both reported and constant currency for the Moncler Group to €1.14 billion from €918.4 million for the six months ended June 30. Moncler brand sales rose by 29 percent to €935.0 million and Stone Island sales increased by 4 percent on a ...
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News briefsWintersteiger with new company structure
Wintersteiger, the Austrian supplier of ski rental and ski service systems, has revised its corporate structure and presents itself as a strategic holding with five independent companies since July 1, 2023. “With regard to the industrialization of our products, we have a lot planned for the next few years,” the ...
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News briefsCoDi’s longtime director C. Sean Day retires
Compass Diversified Holdings (CoDi), the Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11, Marucci Sports, PrimaLoft and Velocity Outdoor, announced that C. Sean Day has retired from the company’s Board of Directors effective June 30, 2023, for personal health reasons. Day joined the board in 2006, coinciding ...
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ArticleKoroyd grows with new HQ, new hires and brand relaunch
Koroyd, a Monaco-based company offering an advanced impact protection technology, announced significant strategic growth developments across the company, including a move to an expanded headquarters, new hires across the business, a complete relaunch of its brand identity and messaging, and category growth in key markets. Over the past 18 months, ...
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News briefsSuperfeet introduces new product names and packaging
U.S. insole supplier Superfeet is celebrating the 40th anniversary of its popular Superfeet Green insole with a complete overhaul of product names and packaging to enhance the insole discovery experience. The name changes and packaging updates align with the modern shopping experience, the brand said, and simplify the Superfeet insole ...
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News briefsPeak Ski Company appoints more new executives
Source: Peak Ski Company Becca Huyard Becca Huyard has been named Vice President of Finance and Accounting for Peak Ski Company, headquartered in Bozeman, Montana. Huyard most recently served as Peak’s Director of Accounting. She will report directly to the company’s co-founder Andy Wirth and will be ...
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News briefsSafilo, Hilfiger extend licensing agreement ahead of schedule until 2030
Italian Safilo Group announced the early renewal of its global licensing agreement with Tommy Hilfiger, owned by PVH Corp., for the design, manufacturing and distribution of Tommy Hilfiger branded sunglasses and optical eyewear collections until Dec. 31, 2030. “We are very pleased to continue our collaboration with Safilo,“ commented Martijn ...
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News briefsLuhta Sportswear turnover rises by 25 percent in 2022
Luhta Sportswear Company, the parent of the Luhta, Icepeak, Rukka and Dachstein brands, reported a €10.3 million profit in 2022, up from €2.35 million a year earlier, as total revenues increased by 25 percent to €245 million from €196 million. During the year, the Finnish group returned to a normal ...
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ArticleRussian athletic apparel market in turmoil
The Russian market for sportswear has become strained with the departure of industry leaders Nike, Adidas, Puma and Reebok, as well as smaller European players, over the past year, according to several Russian publications. This segment has suffered much more from Western sanctions than the sporting goods market in general. ...
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News briefsSafilo reshuffles top management for North America and Sports division
The Safilo Group has announced two top management appointments at its North American and sports division – two strategic areas for the group representing the company’s largest regional market and its fastest-growing segment. Francesco Rinaldi Ceroni was promoted to the position of President of Safilo’s Global Sports Division, whose portfolio ...
