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.
-
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,...
-
January 24, 2023
Strava will add high-res 3D maps for outdoor activities
Strava routes are about to get three-dimensional. The popular fitness social network announced today that it’s acquired Fatmap, a mobile app known for its 3D maps for outdoor sports like hiking, trail running, skiing, and mountain biking. The Verge
-
January 23, 2023
Coleman, Marmot Parent Cutting 13 Percent Of Corporate Headcount
Newell Brands will lay off 13 percent of its corporate workforce in a major restructuring move. Newell is also consolidating its five operating segments into three operating segments. Jim Pisani continues as CEO of the Outdoor & Recreation segment. The restructuring and savings initiative, Project Phoenix, aims to strengthen the...
-
January 19, 2023
The Pro Trail Runners Association: Trail Running’s First Union
As the sport grows, professional athletes are banding together to create a group that can lead the way on issues like doping, contract clarity, and race schedules. Here’s what it means for the future of the sport. Trailrunner
-
January 18, 2023
Vail Resorts Sees Early Season North American Skier Visits Up 12.5 Percent
The reported ski season metrics are for the company’s North American destination mountain resorts and regional ski areas, including the results of Seven Springs, Hidden Valley and Laurel Mountain in both periods and excluded the results of the Australian ski areas and Andermatt-Sedrun in both periods. SGB Media
-
January 9, 2023
The Range of Light National Monument Would Link Yosemite and Sequoia–Kings Canyon National Parks
Thousands of acres in California’s Sierra National Forest have been proposed as a national monument. Many argue that the protection is crucial for wildlife, the environment, and wilderness recreation. But it will face stiff opposition. Outside Online
-
January 5, 2023
Osprey, Hydro Flask Parent Sees Drop In Fiscal Q3 Home & Outdoor Segment Sales
Helen of Troy, Ltd. reported sales in its Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, were down 7 percent on a reported basis and 23.3 percent on an organic basis in the third quarter ended November 30. Helen of Troy’s overall sales were down 10.6 percent...
-
January 4, 2023
Active Lifestyle Stocks Face Turbulence In 2022
The majority of stocks in the active lifestyle space took it on the chin in 2022 as broader stock markets in the U.S. saw their worst performance since the 2008 financial crisis. All three of the major averages suffered their worst year since 2008 and snapped a three-year win streak....
-
January 4, 2023
Puffin Drinkwear Raises Series A Funding Round
Puffin Drinkwear, makers of personality-infused apparel for your drink to wear, announced today a Series A round led by Village Family Capital and Jim Collis of Colfam Management. The company also announced new CFO Arianna Moore to join the Puffin Drinkwear team, bringing significant financial leadership experience with Private Equity...
-
December 24, 2022
Havasupai Tribe says Havasu Falls will reopen on Feb. 1
The Havasupai Tribe announced Friday that it plans to reopen its tourism operations in 2023. The Tribe, located in Mohave County on the Grand Canyon's West Rim, operates permits for the popular Havasu Falls. Tourism at the reservation has been closed since the start of the coronavirus pandemic in March...
-
December 22, 2022
Patagonia to close stores, give employees paid week off for the holidays
Patagonia employees in the U.S. and Canada will get a paid week off to end the year again. CEO Ryan Gellert wrote ,“Our North [American] stores, customer service operations and warehouse will be closed from December 25 through January 1 because we believe in providing quality of life for our...
-
December 19, 2022
Fallout from the Pandemic Bike Boom
A month after lockdowns had them wondering about their future in the spring of 2020, they suddenly couldn’t keep up with demand. For a year and a half, staff worked overtime as Americans rolled out their dusty steads or bought new ones. A 50 percent increase in riding, plus supply...
-
December 19, 2022
VF Corp mulling JanSport sale: Bloomberg
VF Corp. is mulling a sale of its JanSport brand, according to a Bloomberg report citing unnamed sources. The deal would value the 55-year-old brand, best known for its backpacks, at about $500 million, per the report. A spokesperson for VF Corp. declined to comment. Retail Dive
-
December 12, 2022
Fenix Outdoor To Divest Primus Brand
Fenix Outdoor AB agreed to divest Primus AB and its subsidiary, Primus Eesti Ou, to Silva Sweden AB, at closing in Spring 2023. Until then, Primus, the manufacturer of camp stoves and lanterns, will be migrated from Fenix Outdoors’ IT environment. SGB
-
December 9, 2022
Johnson Outdoors Sees 18 Percent Revenue Growth In Fourth Quarter
Johnson Outdoors, Inc.’s sales jumped 18 percent in the fiscal fourth quarter ended September 30 and profitability improved as supply availability in its core Fishing segment started to improve. Sales in the Watercraft Recreation and Camping segment were down while the Diving segment saw mid-single-digit gains. Fiscal 2022 sales fell...
-
December 8, 2022
Former Hydro Flask CEO to Lead Puffin Drinkwear
Puffin Drinkwear, makers of personality-infused apparel for your drink to wear, announced that Scott Allan is being brought on as interim CEO starting immediately. Allan led Hydro Flask initially as President & CEO and following its acquisition by Helen of Troy, as SVP & Global GM. SES
-
December 7, 2022
Anta Exploring Amer Sports IPO
Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg. Amer Sports, headquartered in Finland, is the parent of Salomon, Arc’teryx, Peak Performance, Atomic, Suunto,...
-
December 6, 2022
Massachusetts creates Office of Outdoor Recreation
Massachusetts became the 18th state to establish an Office of Outdoor Recreation – drawing praise from Outdoor Recreation Roundtable (ORR) and bolstering the ability of the nation’s $862 billion outdoor recreation economy to grow even more. Boating Industry
-
December 6, 2022
In an Industry First, Park City Mountain Lift Operators and Electricians Unionize
Park City Mountain lift mechanics and electricians have joined their ski patroller counterparts in unionizing, the first lift operators in the United States to do so. In a 35 to 6 vote conducted by the National Labor Relations Board, lift mechanics and electricians decided to collectively bargain with owners Vail...
-
December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
-
December 5, 2022
VF’s Shares Take Hit On CEO Exit, Guidance Cut
Shares of VF Corp. fell about 11 percent on Monday following the news of Steve Rendle’s retirement as CEO. His exit was a surprise but not a shock to Wall Street analysts, given VF’s underperformance, led by Vans, in recent years. More worrisome was VF’s third guidance reduction in the...
-
November 30, 2022
Bear Grylls, Savage Ventures To Acquire, Expand Outdoors.com
TV star and writer Bear Grylls is partnering with Nashville-based digital-sector investors Savage Ventures to acquire, build out and relaunch the venerable website Outdoors.com, and turn it into an adventure-travel destination site. The partners said they plan to make Outdoors.com the home of adventure, with exclusive news, content, commerce, engaging community-based...
-
November 30, 2022
Black Book: Colder Weather Brings Drop in Wholesale RV Values
The average sales prices for motor homes and towables sold at wholesale auctions declined last month. The drop off in motor home values from the month before looks quite dramatic, but when you consider the overall trend line for the past several months, it is consistent with the patterns that...
-
November 30, 2022
Crown Capital Investments Acquires Pacific Yurts
Crown Capital Investments, an Atlanta-based private equity firm, has acquired Pacific Yurts, Inc., the maker of portable tents. This partnership will enable Pacific Yurts to enhance the opportunities it can offer to its employees. SGB
-
November 30, 2022
The Rossignol Group to Invest $50M in Three Years Targeting Revenue Growth, Sustainability Leadership
Targeting both significant revenue growth and category leadership in sustainable ski and outdoor products, the Rossignol Group this month unveiled a new strategic plan — called Ascension 2026 — that commits to investing $50 million between now and 2026 to achieve its goals. Businesswire