News Topics
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October 30, 2023
How Wave Pools Are Deploying AI as a Revenue-Producing Tool
Wave parks seem to be the first to deploy artificial intelligence in a practical way connected to surfing. And it’s immediately being promoted as a revenue tool for them. Wavegarden announced this week that it’s using an AI-based video tracking program, which will allow park guests to track their sessions...
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October 30, 2023
Mountain Hardwear Down 9% in Q3 as Brand Works on Refresh
Outdoor apparel and gear brand Mountain Hardwear posted sales of $29.2 million for the third quarter ended Sept. 30, down 9% compared to the same period last year. The decline was driven by lower fall 2023 wholesale shipments, and was partially offset by DTC growth, said Tim Boyle, CEO of parent company...
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October 30, 2023
Campers Inn RV Announces GM Transition, Seeks Successor
Campers Inn RV of Louisville, Kentucky, announced the impending transition of its general manager, Paul Cunningham, who will be taking a new role with the company. Cunningham has been a “trailblazing figure” with a 45-year career in the RV industry. His departure from general manager will open a coveted role...
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October 28, 2023
Thule’s Profits Bounce Back in Third Quarter
Thule Group reported a strong recovery in earnings in the third quarter as sales rose 8.0 percent. Sales in the North American region decreased 15 percent on a currency-neutral basis. The Sweden-based maker of outdoor and transportation products reported net sales for the quarter amounted to SEK 2,311 million ($205.8...
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October 27, 2023
Columbia Sportswear (COLM) Q3 Earnings Surpass Estimates
Columbia Sportswear (COLM) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.19%. A quarter...
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October 26, 2023
Hoka Continues to Drive Deckers Brands in Q2, Ugg Returns to Profit
Shares for Deckers Brands were up nearly 10 percent on Thursday evening after the bell, as the footwear company reported another positive quarter driven by its star Hoka and Ugg brands. The Goleta, Calif.-based footwear company reported net sales in the second quarter of 2024 increased 24.7 percent to $1.09...
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October 25, 2023
September Shipment Report Released
Total RV shipments decreased 12.9% in September, compared to last year, according to the RV Industry Association’s survey of manufacturers. September saw the shipment of 24,700 units, compared to the 28,363 units shipped in September 2022. To date this year, RV shipments are down 42.8% with 238,121 total units. RV...
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October 24, 2023
Bank of Montreal (BMO) Stock Price, Quote, News & Analysis
Bank of Montreal (NYSE:BMO) is in talks with potential buyers to sell a portfolio of recreational vehicle loans with a face value of at least $5B, Bloomberg reported Tuesday, citing people with knowledge of the matter. Seeking Alpha
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October 24, 2023
RVIA Government Affairs Outlines Bills To Watch
The RV Industry Association’s state Government Affairs team reviewed more than 3,200 pieces of legislation during the 2023 session, the RVIA announced today. The team is actively monitoring or lobbying on about 500 of those bills, they said, highlighting some of the key pieces of legislation to keep an eye...
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October 21, 2023
U.S. Man Arrested for Plotting to Kill Several Climbers
A 39-year-old Portland, Oregon man, Samson Zebturiah Garner, was arrested on Thursday for allegedly planning to kill several climbers at the annual Craggin’ Classic event in Smith Rock. Smith Rock is considered the birthplace of American sport climbing. According to the Bend Bulletin newspaper via Climbing magazine, two people who...
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October 20, 2023
Does Acupuncture Help With Sports Injuries? Experts Weigh In
When your lower back or glutes flare up painfully after going too hard trail running over the weekend, your default instinct might be to add some extra stretching to your routine or schedule some time with your massage therapist or chiropractor. If the pain is excruciating, you might even consult...
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October 18, 2023
This solar electric RV can travel 250 miles using GM’s Brightdrop EV platform
Detroit-based electric RV startup Grounded revealed its new G2 Wednesday, claiming to be “the world’s first 250-mile range all-electric solar-equipped RV.” With long-range capabilities, the solar electric RV allows you to get closer to nature without harming it. The RV also includes amenities like an induction stove, hot water, indoor shower and...
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October 18, 2023
Mammut Aiming for $100 Million in North American Revenue
Mammut has almost quadrupled its revenue in the past four years in North America, according to North American General Manager Kris Kuster, and the company’s ambitions are to hit the $100-million mark in revenue in the region by 2028. Before Mammut was sold to private equity firm Telemos Capital in...
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October 17, 2023
The Best Foods To Pack For Camping, According To Food Safety Experts
Anyone who’s ever gone camping knows the question of what food to pack is simultaneously one of the most exciting and daunting aspects of the whole adventure. Yes, camping meals can be delicious and fun to prepare. But figuring out what to bring can also be extremely stressful and raise...
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October 17, 2023
VF Corp.’s Shares Jump on Activist Investor’s Move
Shares of VF Corp. jumped 14 percent on Tuesday after activist investor Engaged Capital reported that it had built a stake in the owner of Vans and The North Face and planned to push for changes, including steep cost cuts and a board overhaul. Shares were up $2.26 on Tuesday...
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October 17, 2023
Winnebago to Post 4Q Results as RV Demand Remains Soft — Earnings Preview
Winnebago Industries is expected to see a drop in sales for the fiscal fourth on Wednesday morning as the RV maker grapples with slumping demand. Here's what you need to know: EARNINGS: The Eden Prairie, Minn., RV manufacturer is expected to post earnings of $1.27 a share for the fourth...
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October 17, 2023
Cummins Components Pres. Mahesh Narang to Step Down
Cummins Inc. (NYSE: CMI) announced that Mahesh Narang, Cummins Vice President and President of the Components Business, is departing Cummins on Oct. 27 to pursue an external opportunity. Mahesh served in a variety of business leadership roles during his more-than 20-year career at Cummins. Narang has led the Components Business...
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October 17, 2023
Vail Resorts chief marketing officer to exit in latest executive shakeup
Vail Resorts, in a securities and exchange commission report filed Monday, announced that the company’s chief marketing officer, Ryan Bennett, will no longer be with the company as of Oct. 20. Bennett’s departure will be treated as an involuntary separation, and therefore “the company expects to enter into a severance...
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October 16, 2023
Fully Electrified Van Life Has Arrived: Maxwell, Rossmönster Debut ‘Vanacea’
Combine an electric van from Maxwell and a campervan conversion from Rossmönster, and you get a Vanacea: a fully electrified home on wheels. The power system can support an instantaneous hot water heater, a 9,000-BTU heat pump, and an induction cooktop. It also comes with 1,560 W of solar capacity through...
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October 16, 2023
Vista Outdoor sells ammunition business in $1.91 billion deal
Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group. CSG is acquiring four factories and the consumer brands CCI, Federal, HEVI-Shot, Remington and Speer....
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October 13, 2023
REI cuts 275 retail jobs in bid to restructure brick-and-mortar stores
Seattle-founded REI cut 275 retail jobs, including 19 in Washington, as part of a broader plan to restructure stores. The layoffs affect 2% of the outdoor retailer’s workforce nationally. The decision comes as the company is trying to change its brick-and-mortar business model. Seattle Times
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October 12, 2023
The Future of Food? Nestlé Explores AI-Powered Personalized Nutrition
Artificial Intelligence may be one of the biggest buzzwords of 2023, and for good reason: fitness and health companies are among the leading players harnessing the simulation of human superpowers. Among those major players are food industry titans, who are clamoring in test kitchens, using algorithms to create recipes designed...
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October 11, 2023
Alex Honnold Loses Yosemite Speed Record
Nick Ehman has soloed The Nose in 4 hours and 39 minutes, breaking Alex Honnold’s solo record of 5 hours and 50 minutes which was set a decade ago. gripped
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October 11, 2023
Alterra Mountain Company to acquire Mike Wiegele Heli Skiing in Canada
Alterra Mountain Company (owners of Ikon Pass) have announced an intention to acquire Mike Wiegele Helicopter Skiing in Blue River, British Columbia. Established in 1970, Mike Wiegele Heli Skiing is located in the heart of the magnificent Cariboo, Monashee, and Rocky Mountains ranges. This unique area of British Columbia is...
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October 10, 2023
RV maker Thor Industries raises dividend by 7%
RV maker Thor Industries Inc. THO, +2.29% late Tuesday said its board has authorized a 7% dividend increase to 48 cents a share. The dividend is payable on Nov. 10 to shareholders of record on Nov. 1. Thor shares fell 1.3% in the extended session Tuesday after ending the regular trading day...