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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March 20, 2023
Rack Attack Announces the Acquisition of Two New Stores in Calgary
Rack Attack, a leading retailer of car racks, bike racks, rooftop tents, overlanding, and other outdoor gear, has announced the acquisition of two new stores in Calgary, previously owned by Racks Unlimited. After the acquisitions, Rack Attack has a total of 38 stores in North America, further solidifying its position...
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March 15, 2023
Gregory Posts Double-Digit Currency-Neutral Sales Growth In 2022
Samsonite International S.A. reported sales at Gregory backpack brand reached $61.4 million in 2022 against $59.4 million a year ago, representing a gain of 3.4 percent year-over-year. Gregory’s sales climbed 12.7 percent on a currency-neutral basis. On a regional performance, Gregory’s North America net sales were up 13.7 percent vs....
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March 14, 2023
OR, Surf Expo Parent Swings To 2022 Profit On Triple-Digit Revenue Growth
Emerald Holding, Inc. reported significantly improved earnings and sales in the fourth quarter and year ended December 31 as trade shows continue to return to in-person events. Emerald hosts over 140 yearly events across multiple industries. In the active lifestyle space, venues include Outdoor Retailer, Surf Expo, The Sports Licensing...
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March 9, 2023
YETI Recalls More Than 2 Million Soft Coolers, Backpack Coolers Due to Choking Hazard
YETI Holdings Inc. issued a recall covering the YETI Hopper M30 Soft Cooler 1.0 and 2.0, the Hopper M20 Soft Backpack Cooler, and the SideKick Dry Gear case. The announcement follows a “stop sale” order issued by the company on Feb. 9, 2023, for the same range of products. Gear...
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March 9, 2023
How Patagonia Provisions is building out its product portfolio with its first-ever acquisition
This week, Patagonia’s food and beverage division announced the acquisition of cracker brand Moonshot. This acquisition is Patagonia’s first in two decades, and helps expand Patagonia Provisions’ growing CPG line – which includes tinned fish and seafood. Modern Retail
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March 6, 2023
ABG Reportedly Close To $1.3B Deal for Parent of Quiksilver, Billabong
The company is close to a deal with Boardriders — the parent company of Billabong, Quiksilver, and Roxy — for $1.3 billion, according to Bloomberg. The three brands are known for their surf gear, but also offer skiing and snowboarding apparel and equipment. FOS
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March 5, 2023
Vail Resorts closing 19 retail locations in Aspen, Snowmass Village and Telluride
The closures, which will happen once the ski season ends, are tied to the company’s decision to not renew store leases for another season, SSI Venture informed the Colorado Department of Labor in a Worker Adjustment and Retraining Notification Act letter dated Feb. 27. The Denver Post
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March 3, 2023
Workers at REI Cleveland store vote to join union
Workers at an REI location in Beachwood, Ohio, near Cleveland, have voted to join the Retail, Wholesale and Department Store Union (RWDSU). It will become the third REI store that is unionized, following stores in California and New York. Last month, workers at the store walked out for a few hours, forcing...
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March 1, 2023
Compass Diversified Posts Q4 Loss Despite Mid-Single-Digit Growth
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and others in the active lifestyle space, reported net sales in the fourth quarter of 2022 were $594.9 million, up 6 percent (+4 percent on a pro forma basis) compared to $559.9 million in the fourth quarter of 2021....
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February 27, 2023
Burton Snowboards Under Hacker Attack
If you’re looking to buy some winter gear or a snowboard from Burton, it might take some time. . . The well-known winter gear Vermont company has been dealing with a major cyberattack since Feb. 14, impacting their abilities to process orders and refunds online. Boardistan
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February 23, 2023
Yeti Posts Fourth-Quarter Loss On Massive Recall Charges
Yeti reported a loss in the fourth quarter as it absorbed $128.9 million in write-offs related to the recall of several magnet-lined products. Sales were up 1 percent in the fourth quarter but would have risen 10 percent, excluding the recalled products. Yeti also warned that 2023 profitability and sales...
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February 21, 2023
DICK’S Agrees to Acquire Moosejaw From Walmart
Moosejaw’s tenure as a Walmart holding will soon come to an end, its soon-to-be owner announced today. DICK’S Sporting Goods agreed to acquire the Michigan-based company from Walmart. With the acquisition, the mainstream sports-focused DICK’S figures to expand its outdoor sports portfolio, which currently focuses on its 2021-launched Public Lands...
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February 17, 2023
Olympia Sports Intellectual Property Sold At Auction
The intellectual property and related assets of Olympia Sports, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter, were sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank. Olympia Sports filed for bankruptcy last September to liquidate its remaining 35 stores....
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February 14, 2023
Ikon Settlement: Pass Holders to Receive Credits Following COVID Lawsuit
Alterra Mountain Company, the owner of 16 ski resorts and facilitator of the Ikon Pass, will pay a total of $17.5 million to those who held passes in the COVID-shortened 2019-2020 season. That’s after a Colorado judge awarded the sum following a court case in late January. Instead of a lump sum...
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February 13, 2023
Outside Is Launching a New Dynamic Paywall
Starting today all users will be able to view a limited number of articles across Outside Online each month—and soon to be rolled out on all of its sites—means readers no longer find certain stories blocked as premium only. It will also mean they need to at least register for...
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February 13, 2023
Oboz Sales Up Big in First Half of Fiscal Year
Sales of Oboz footwear, a division of New Zealand-based KMD Brands, grew 124% for the six months ended Jan. 31, after recovering from last year’s supply chain constraints caused by the COVID-19 pandemic. Last fiscal year, Oboz brought in NZ$61.3 million (US$39 million) in sales for the full year, at more than...
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February 10, 2023
Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q4; Loss Widens
The Outdoor & Recreation segment, which includes Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $211 million in Q4 compared with $304 million in the prior-year period, reflecting a core sales decline of 21.0 percent, as well as the impact of exits from certain...
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February 8, 2023
Cummins Reports Big Jumps in Revenue, Income for ‘22
Power generation company Cummins reported fourth quarter revenue of $7.8 billion, a double-digit increase over the same quarter as last year. The company reported net income of $631 million, also up from a year ago. For the full year, Cummins reported revenue of $28.1 billion, and net income of $2.2...
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February 7, 2023
Canada Goose Targets C$3 Billion In Revenue In Five Years
Canada Goose Holdings, Inc. ahead of its Investor Day, said it aims to nearly triple revenue to Canadian$3 billion (C$2.23 billion) in the next five years as it triples its store base and expands its categories and geographic reach. Sales are expected in the range of C$1.175 billion to C$1.195...
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February 4, 2023
GoPro’s Sales Drop 18 Percent In Fourth Quarter
GoPro, Inc.’s profits on an adjusted basis fell 68.2 percent in the fourth quarter as sales were down 18 percent. “GoPro ended the year with solid balance sheet metrics and $367 million in cash after repaying debt of $125 million and repurchasing $40 million in stock,” said Brian McGee, GoPro’s...
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February 3, 2023
REI, union agree to hold election after Cleveland employees walk out
According to the Retail, Wholesale and Department Store Union (RWDSU), employees returned to work at 1:30 p.m. The agreement came after employees walked out at 9:45 a.m., demanding the right to vote in a free and fair National Labor Relations Board (NLRB) election and for the company to stop what...
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February 2, 2023
Vista Outdoor Board Pushes CEO Metz To Resign
Vista Outdoor, Inc. announced that Chris Metz has agreed to resign as CEO and director at the request of the Vista Outdoor Board “based on the Board’s loss of confidence in his leadership for reasons not involving financial reporting or internal controls.” Gary McArthur, a member of Vista’s Board of Directors member, has...
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February 1, 2023
REI Trims 8% of Headquarters Staff
REI Co-op laid off about 8% of its headquarters staff in a move President and CEO Eric Artz said addresses “increasing uncertainty.” The cuts total 167 employees, which make up less than 1% of the overall company headcount. The Daily Outdoor Retailer
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January 27, 2023
Climbing Collective Acquires Inner Peaks
Climbing Collective is excited to welcome Inner Peaks to its group of regional climbing gym brands. Inner Peaks is the leading operator of indoor climbing facilities in Charlotte, North Carolina, and joins Philadelphia Rock Gym in the Climbing Collective family. With this acquisition, Climbing Collective will have seven gyms in operation,...
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January 27, 2023
Deckers Says Walmart Copied Ugg, Hoka and Teva Designs in New Lawsuit
Deckers filed a lawsuit against Walmart on Wednesday, claiming the retailer infringed on designs for its Ugg, Hoka and Teva brands According to the suit, filed in a California court, Walmart is selling lookalikes of Deckers’ Ugg Classic Ultra Mini, the Ugg Oh Yeah slide, the Hoka Ora Recovery slide,...
