Sports News and Press Releases about Outdoor Industry Business
Want to stay up to date on the latest press releases and business news in the outdoor sports and camping industries? Scroll below to view all outdoor industry business news.
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April 25, 2024
RV Shipments Up 9% Through First Quarter
Results for the RV Industry Association (RVIA)’s March 2024 survey of manufacturers found that total RV shipments ended the month with 32,243 units, an increase of 1.2% compared to the 31,869 units shipped in March 2023. Towable RVs, led by conventional travel trailers, ended the month up 5.9% from last March with...
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April 25, 2024
Columbia Sportswear Ups 2024 Profit Guide, Maintains Sales Decline
Columbia Sportswear Company reported that 2024 first-quarter net sales decreased 6 percent, or 6 percent constant-currency (CC), to $770.0 million, compared to $820.6 million in the comparative period in 2023. The decline in net sales primarily reflects lower wholesale net sales in the U.S. and Canada, driven by retailer cautiousness,...
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April 25, 2024
Why REI Co-op Is Doubling Down on Running Shoes and Exiting Its Branded Footwear Business
REI Co-op confirmed that it is exiting its REI-branded footwear business after 2024, four years after the company said that it would begin producing its own shoes. In the time since its initial launch, REI has delivered eco-friendly hiking boots, trail runners and more. As the retailer exits one business,...
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April 24, 2024
Helen of Troy Home & Outdoor Segment Keeps Company Positive in Q4
Helen of Troy reported fiscal fourth-quarter net sales for its Home & Outdoor segment, which includes the OXO, Osprey and Hydroflask businesses, increased 5.4 percent to $223.3 million for the three-month period ended February 29, 2024, compared to $211.9 million in the prior-year comparative period. The increase for the quarter was driven...
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April 6, 2024
Christy Sports Exiting New Mexico
Christy Sports—that well-known purveyor of ski gear and togs visible at practically every resort in Colorado—is pulling its operations in New Mexico. The Colorado-based chain announced the move—which will take effect at the end of this season—Thursday. According to GlobeNewswire, "The Company made the decision to exit New Mexico to...
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April 4, 2024
The Top 10 Fastest Growing Brands in Outdoor Specialty Channel
Everybody involved in the outdoor industry knows Hoka, On, and Vuori are selling well. But there are several other brands that are also managing to grow in outdoor specialty and sport specialty e-commerce channels in a challenging market, including Cotopaxi, Helly Hansen, 686, and Kuhl. These are the findings of...
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March 29, 2024
Powder Mountain announces major expansion of public and private terrain
Powder Mountain is expanding both its public and private offering with two separate additions of terrain. This expansion will introduce the public to two new areas with expert and advanced terrain on the west side of the mountain and provide access to vast expert and advanced terrain for homeowners on...
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March 29, 2024
A wildly popular RV-rental company is pivoting to luxury ‘glamping’ — see inside its new $350-a-night tents in the Texas Hill Country
Outdoorsy is one of the US' most popular RV-rental platforms. But nine years in and almost $3 billion in sales later, it's ready to expand. The company now wants to become the go-to destination for $350-a-night luxury-tent camping or something close to it. Outdoorsy is going all-in on "glamping" — a portmanteau of "glamour"...
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March 26, 2024
Millennial activewear brand Outdoor Voices is on the verge of bankruptcy after abruptly closing all its stores: ‘Our chairwoman was posting cat memes the day we were told’
Years of executive reshuffles and acquisition rumors culminated in a very public meltdown earlier this month, when the company closed all its retail locations and abruptly laid off most of its workforce. Outdoor Voices is now reportedly on the verge of bankruptcy. Former employees told Fortune they are furious over the company’s lack of communication about...
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March 26, 2024
Canada Goose Cutting 17 Percent of Corporate Jobs, Shifting Leadership Roles
Canada Goose is redesigning its global corporate workforce, as part of its ongoing Transformation Program, representing a reduction of approximately 17 percent of corporate roles. The company said in a release that the changes followed a comprehensive review of its organizational structure and roles needed to achieve its strategic objectives....
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March 25, 2024
February RV Shipments Increase by 17.8% YOY
Results for the RV Industry Association (RVIA)’s February 2024 survey of manufacturers found that total RV shipments ended the month with 31,024 units, an increase of 17.8% compared to the 26,326 units shipped in February 2023. Towable RVs, led by conventional travel trailers, ended the month up 24.4% from last February with...
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March 21, 2024
onX Takes to the Water, Acquires TroutRoutes
OnX is well on its way to being the one-stop shop for all things outdoor mapping with its most recent acquisition: TroutRoutes. The new app will be available in Minnesota this spring and will slowly expand across the Midwest. By adding TroutRoutes to the onX family, the brand is clearly...
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March 21, 2024
Winnebago’s Q2 Results Reflect Wider Industry Trends
Winnebago Industries Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, today reported financial results for the fiscal 2024 second quarter ended Feb. 24. Delivers Solid Gross Margin of 15.0% Demonstrating Strength of Product Diversification and Variable Cost Structure. Completes $350 Million Offering of Convertible Senior Notes for Refinancing 2025 Maturities....
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March 21, 2024
onX Takes to the Water, Acquires TroutRoutes
OnX is well on its way to being the one-stop shop for all things outdoor mapping with its most recent acquisition: TroutRoutes. The company has teased the idea of wading into the water with the upcoming onX Fish. The new app will be available in Minnesota this spring and will slowly expand...
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March 18, 2024
Irate visitors sue National Park Service over cashless entrance fees
Three disgruntled visitors are suing the National Park Service (NPS) over its policy to only accept card payments for entrance to some of its sites. They filed the lawsuit earlier this month with the District Court of Columbia after being told on separate occasions that banknotes wouldn’t be accepted for...
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March 18, 2024
NOLS Cuts 60 Jobs, Closes Campuses Amid ‘Financial Challenges’
One of the country’s most important institutions for outdoor education will lose three locations and several staff. The National Outdoor Leadership School (NOLS) announced dozens of layoffs and the closure of three campuses last week after a prolonged budget shortfall. The cuts mean that 60 positions, including 42 staff and 18...
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March 14, 2024
Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale
Solo Brands, Inc., parent of the Solo Stove, Chubbies, Oru Kayak, Isle, and Icy Breeze brands, reported that fourth-quarter net sales decreased 16.2 percent year-over-year (YoY) to $165.3 million, compared to $197.2 million in the prior-year fourth quarter. The decline was said to be due, in part, to a lack...
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March 14, 2024
‘We Need to Fight’: Union Organizing Booms in US Outdoor Industry
North Carolina’s Blue Ridge Parkway is “basically a nightmare” for labor unions. That’s according to organizers with the AFL-CIO, who faced a tough fight in 2023 to gain representation of all 160 workers stretched across the National Park’s 469 miles of mountain terrain. It’s difficult to meet with all the park’s...
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March 11, 2024
Vail Resorts Fiscal Q2 Hurt by Weather Issues, but Pre-Season Pass Sales Help
Vail Resorts, Inc. reported that season-to-date (STD) total skier visits decreased 9.7 percent, and total lift revenue increased 2.6 percent through March 3, 2024 compared to the fiscal year 2023 season-to-date period through March 5, 2023. Season-to-date ski school revenue was up 5.5 percent, and dining revenue was down 0.5...
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March 8, 2024
Lazy Days Holdings (GORV) Reports Q4 Loss, Misses Revenue Estimates
Lazy Days Holdings (GORV) came out with a quarterly loss of $1.09 per share versus the Zacks Consensus Estimate of a loss of $0.73. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of...
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March 7, 2024
REI adds Colorado store to list of 2024 openings
REI Co-op is adding a new location to its list of stores planned for 2024. The specialty outdoor retailer will open a 23,000 sq.-ft. store in Loveland, Colo. this summer, joining nine other locations in the state. In January, REI detailed plans to open 10 new stores in 2024, including locations in...
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March 6, 2024
Thor Industries’ stock posts double-digit loss after earnings miss amid ‘challenging operating environment’
Recreational vehicle maker cuts 2024 guidance and missed earnings estimates. Thor Industries Inc.'s stock fell sharply on Wednesday after the recreational vehicle maker missed quarterly profit expectations and cut its 2024 guidance in the face of a challenging environment. Thor Industries (THO) stock fell 17% in premarket trades. Other RV...
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March 5, 2024
Arc’teryx Pushes Amer Sports to Solid Sales Gains in First Quarter as a Public Company, But Loss Is Wider Than Expected
Amer Sports, Inc. reported strong sales on Tuesday morning, largely driven by its flagship Arc’teryx brand and strong sales in Greater China. The newly public Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 10 percent revenue increase in Q4 to $1.32 billion. Net loss narrowed to...
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March 4, 2024
EXEC: Fenix Outdoor Acquires 30 Percent of Fjällräven Retail Partner
Fenix Outdoor has acquired 30 percent of its local Fjällräven Brand retail partner, Arctic Fox s.r.o. Artic Fox runs six Fjällräven Stores and online businesses in the Czech Republic and Slovakia. Fenix Outdoor has an option to increase its ownership over time. SGB
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March 1, 2024
EXEC: Vista Outdoor Fields $2.9 Bn Offer to Acquire Company in All-Cash Deal
The Remington and Federal ammunition businesses, among others, have reportedly received an unsolicited interest from MNC Capital Partners, indicating that MNC would be interested in acquiring Vista Outdoor in an all-cash transaction for $35.00 per share. Before the March 1 release of the information by MNC on the morning of...