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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October 10, 2022
Camping World Announces Strategic Appointment of SVP of Corporate Development and Investor Relations to Leadership Team
LINCOLNSHIRE, Ill.--Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced the appointment of Brett Andress to the role of SVP of Corporate Development and Investor Relations. Mr. Andress will be responsible for developing and enhancing corporate initiatives, along with management and communication to the investment community...
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October 7, 2022
Green Theme Raises $5.4m in Series B2 Financing Round
Green Theme Technologies Inc (GTT), a leader in water-free and PFAS-free textile finishing raised $5.4 million in its series B2 financing. The capital will be used to grow GTT’s trademarked water-free EMPEL performance technologies, which include the durable water repellent (DWR) finish, stain protection, new technology to keep footwear dry and the...
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October 5, 2022
Helen Of Troy’s Home & Outdoor Segment Q2 Growth Boosted By Osprey Acquisition
Helen of Troy reported sales at its Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, increased 11.8 percent in its second quarter ended August 31 to $240.6 million. Gains from the acquisition of Osprey were partially offset by a decrease in its organic business of 9.0 percent,...
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October 4, 2022
REI to Close Its Stores on Black Friday Permanently
After closing its doors on Black Friday every year since 2015, the annual practice, dubbed “Opt Outside,” was launched as a way to allow workers to spend time with family and friends during the Thanksgiving Day weekend and encourage shoppers to spend some time outside. This year, the program has...
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October 3, 2022
How to Make Outdoor Products Go Viral
Going viral is every marketing team’s dream. With more than 4.7 billion users active on social media around the world every day, the power of virality—even of a single post—can revive a struggling product or brand almost overnight. But content creation takes time, energy, and creativity, and even the best...
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September 29, 2022
Wholesale RV Values Decline As Economic Outlook Weakens
Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV Market Commentary for October. The average sales prices for motor homes and towables sold at wholesale auctions decreased last month, as auction volume increased to more typical levels. RV Business
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September 29, 2022
Johnson Outdoors Announces Cash Dividend Increase
Johnson Outdoors Inc. announced approval by its Board of Directors of an increased quarterly cash dividend. Class A shareholders will now receive a 31 cents dividend per share and Class B shareholders a 28 cents dividend per share. The quarterly cash dividend is payable on October 27, 2022, to shareholders...
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September 28, 2022
Vail Resort’s Strong Recovery In Fiscal 2023
Vail Resorts, Inc. reported results for its fourth quarter and fiscal year ended July 31 outperformed results from the prior year primarily due to the impact of COVID-19 and related limitations and restrictions on results for the previous year. Season-to-date season pass sales are ahead 7 percent, and the company...
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September 27, 2022
REI to Give Every Employee Paid Time Off to Vote
Specialty outdoor retailer REI Co-op announced today that it will delay the opening of its stores by two hours this Election Day to give every employee paid time off for civic engagement. As part of its Your Vote Can’t Wait campaign, the co-op has also created an election resource hub...
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September 23, 2022
Exclusive: Black Folks Camp Too Signs First State RV Association as Partner
North Carolina-based Black Folks Camp Too (BFCT), a company that strives to connect the outdoor industry to what it says is a vastly untapped market – Black people – announced that for the first time, it is partnering with a statewide RV dealers association. Dealers Association has signed with BFCT founder Earl...
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September 22, 2022
Wolverine Worldwide, 3M To Pay $54M In PFAS Class Settlement
A judge has given tentative approval in a $54 million settlement involving Wolverine Worldwide and 3M Co. related to a class action lawsuit over PFAS chemicals that contaminated drinking water in western Michigan. The chemicals from a since-closed tannery were discovered five years ago. SGB Media
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September 22, 2022
Columbia Sportswear Looks to Add $700 Million in Net Sales by 2025, Fueled by Growth at Sorel
At its first investor day since going public in 1998, Columbia Sportswear Co. outlined ambitious long-term growth targets. The Portland, Ore.-based sportswear company on Thursday laid out a goal to add over $700 million in net sales by 2025, a strategy that hinges on growth in footwear, digital sales and...
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September 21, 2022
Dick’s Sporting Goods opening more Public Lands’ stores
Dicks’s Sporting Goods is more than doubling its Public Lands’ store portfolio. The sporting goods giant will open four Public Lands stores this fall, starting in Framingham, Mass., on October 14. Additional locations include Melville, N.Y., on October 21; Kennesaw, Ga., on October 28; and Medford, Ore., on November 4. CSA
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September 15, 2022
Patagonia’s billionaire owner gives away company to fight climate crisis
Setting a new example in environmental corporate leadership, the billionaire owner of Patagonia is giving the entire company away to fight the Earth’s climate devastation, he announced on Wednesday. Patagonia founder Yvon Chouinard, who turned his passion for rock climbing into one of the world’s most successful sportswear brands, is...
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September 14, 2022
Alterra Mountain Company Acquires Ski Butlers
Alterra Mountain Company announced it has acquired ski equipment rental and delivery company Ski Butlers. The Park City, Utah-based Ski Butlers will continue to operate as a standalone business providing services to 50 ski destinations worldwide. Ski Butlers Chief Revenue Officer Mike Cremeno said the acquisition was a “super clean”...
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September 13, 2022
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year. Thule noted that it communicated in its half-year report on July 21 that the general market in bike retail, at the time,...
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September 9, 2022
Oofos Receives Investment From Derek Carr
Las Vegas Raiders Quarterback, Derek Carr, has invested in the recovery footwear maker Oofos as part of a multi-year partnership that also sees Carr as a brand ambassador. SGB
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September 8, 2022
Alterra Mountain Company acquires Park City based Ski Butlers
Alterra Mountain Company announced in a press release that it has acquired ski equipment rental and delivery company Ski Butlers. Ski Butlers will continue to function as a standalone business and to provide services to 50 ski destinations across the world. Townlift PCN
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September 8, 2022
RVs Are Going Mainstream — But Will the Boom Last?
Lockdowns led to a surge in RV purchases. For new and existing customers alike, RV life helped counteract the claustrophobia of lockdown life, offering a responsible way to travel and take advantage of their newfound ability to work from home. The trend persisted into 2021, which saw an all-time record...
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September 7, 2022
Mountain Khakis Joins La Jolla Group
La Jolla Group (LJG), Inc. announced the addition of Mountain Khakis, the outdoor lifestyle brand, to the La Jolla Group portfolio. La Jolla Group has made an investment in Mountain Khakis and will provide strategic guidance and back-end oversight and support including finance, planning, HR, IT infrastructure, distribution and logistics....
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September 4, 2022
Utah Wants to Build the World’s Longest Gondola
The proposed gondola will sit at the mouth of Little Cottonwood Canyon and carry passengers to stations located at the base areas for both resorts, approximately eight miles up the canyon. By contrast, New Mexico’s Sandia Peak Tramway is 2.48 miles in length, and the Peak2peak Gondola at Whistler, Canada...
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September 1, 2022
RV Shipments Projected at 498,800 for ’22, a 16.9% Drop from 2021
RV wholesale shipments are projected to reach 498,800 units by year-end 2022 and 419,000 units in 2023, according to the Fall 2022 issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association. The new forecast projects 2022 RV shipments to range between 487,300 and 510,300 units with...
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August 31, 2022
VF Corp. Undergoes Layoffs
VF Corp. announced Tuesday in an internal e-mail that it has eliminated about 600 office-based positions at the company, including 300 current workers and 300 open positions. In a letter to employees, Steve Rendle, VF’s president and CEO, described the move as necessary to align its people and capabilities with...
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August 31, 2022
Clif Bloks Energy Chews Contain Less Caffeine Per Cube Than Advertised, Class Action Says
A proposed class action contends that each cube of Clif Bloks Energy Chews contains less caffeine than advertised. The 28-page suit says that although product labels lead buyers to believe that each Clif Bloks cube will contain 25mg or 50mg of caffeine, depending on the flavor, the energy chews actually...
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August 30, 2022
Yosemite Big Wall Climbing Access Will Change in 2023
Yet another new permit system is on its way to the international hub of rock climbing. On August 26, the National Park Service (NPS) announced it would soon transition from its current Wilderness Climbing Permit Pilot Program in Yosemite National Park to a long-term solution to manage the ever-growing crowds...