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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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...
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August 29, 2022
RVWA Seeks Member Applications to Join Board of Directors
The RV Women’s Alliance (RVWA) is currently seeking members to join its Board of Directors. The Board is the governing body of the RV Women’s Alliance and the directors set the strategic direction of the organization. There are currently two Board seats available, and applications are being accepted through Sept....
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August 25, 2022
REI Workers At Berkeley Store Vote To Unionize In Another Win For Labor
REI employees in Berkeley, California, have formed the outdoor retailer’s second union, extending a winning streak for organized labor at largely non-union companies. Workers at the Berkeley store voted 56 to 38 in favor of joining the United Food and Commercial Workers (UFCW) union in a mail-in election this month,...
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August 24, 2022
California to Ban All New Gas Car Sales
On Thursday, California might enact a rule that experts said would constitute one of the world’s most important climate change policies. The sweeping plan would prohibit the sale of all new gas-powered cars in the state by 2035. Issued by the California Air Resources Board (CARB), the measure will require...
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August 23, 2022
Ford to Cut 3,000 White-Collar Jobs in EV Reorganization
Ford Motor Co. announced on August 22 that it would cut 3,000 jobs, most of them in the United States. The cuts are meant to reduce costs as the company reorganizes around electric vehicles. Ford will let go of 2,000 salaried workers and 1,000 agency employees in the US, Canada...
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August 23, 2022
Vail Resorts Will Limit Daily Lift-Ticket Sales This Winter to Cut Down on Crowds
Vail Resorts dropped opening dates on Tuesday at all of its North American ski areas, plus a little surprise: Daily lift ticket sales will be capped for the 2022-23 season in an effort to cut down on crowding on the mountains. The move comes a year after the international ski...
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August 19, 2022
Movement Introduces New CEO
Movement Climbing, Yoga, and Fitness, the Nation’s largest community of climbing gyms, proudly introduces its new chief executive officer. Jeremy Levitt, a respected leader in the outdoor industry, will enhance the thriving company culture and continue to grow the business through creating best-in-class climbing, yoga, and fitness experiences. cbj
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August 16, 2022
Noticed More Running Gear in REI Lately? You’re Not Imagining It.
The retailer is expanding aggressively into the running market, with an eye for attracting new customers. Outside
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August 5, 2022
Johnson Outdoors’ Q3 Hampered By Rising Input Costs And Supply Chain Disruption
Johnson Outdoors reported a sharp decline in earnings in its fiscal third quarter ended July 1 due to supply chain challenges, especially within its fishing segment, as well as rising raw materials costs tied to supply chain dynamics. Sales in the quarter declined 4.6 percent to $203.8 million. Sales were...
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August 4, 2022
GoPro has modest year-over-year revenue growth in second quarter
GoPro Inc. second-quarter revenue grew slightly year-over-year, while the sport camera brand reported a 65% jump in subscribers during the period. Revenue for the quarter ending June 30 was up 0.4% to $251 million, compared with $250 million at the same time last year. Net income for the quarter was...
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August 4, 2022
BOA Paces Compass Diversified’s Second Quarter Gains
Compass Diversified Holdings (CODI) reported BOA recorded a 34.7 percent year-over-year gain in the second quarter ended June 30, the strongest growth among its active lifestyle holdings. Sales increased 9.1 percent for 5.11 and 12.2 percent for Marucci Sports but declined 15.0 percent for Velocity Outdoor. SGB Media
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July 29, 2022
Walmart to open mini general stores at Getaway campsites
Walmart will open tiny general stores at several camping outposts run by destination company Getaway offering essentials ranging from hiking apparel to cast iron skillets. The first general store will open in August at Getaway Hill Country in Wimberley, Texas, located near Austin and San Antonio. Additional stores will open...
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July 29, 2022
Newell Brands’ Outdoor & Recreation Segment Sees 2.5 Percent Q2 Core Sales Growth
Newell Brands reported sales in its Outdoor & Recreation segment reached $427 million compared with $453 million in the prior year period, down 5.7 percent. Reported operating income at the Outdoor & Recreation segment was $46 million, or 10.8 percent of sales, compared with $48 million, or 10.6 percent of...
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July 27, 2022
Columbia Sportswear Company Reports Second Quarter and First Half 2022 Financial Results
Columbia Sportswear Company announced second quarter 2022 financial results for the period ended June 30, 2022.Net sales increased 2% to a record $578.1 million, compared to second quarter 2021. Operating income decreased 75% to $8.8 million, or 1.5% of net sales, compared to second quarter 2021 operating income of $35.0...
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July 27, 2022
Vista Outdoor’s Q1 Tops Guidance On Sporting Products Momentum
Vista Outdoor reported earnings on an adjusted basis rose 33% in the first quarter ended June 26 on a 21% revenue gain. Strong double-digit growth in the Sporting Products segment offset a 2% decline in Outdoor Products, primarily driven by Outdoor Accessories. Sales increased 21% to $803 million, gross profit...
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July 27, 2022
Garmin Q2 Sales Dragged Down By Weakness In Fitness Wearables
Garmin, Ltd. reported sales declined 6 percent in the second quarter ended June 25, pulled down by a 34 percent drop in the fitness segment. Garmin reduced its guidance for the year, with earnings being impacted by the strengthening of the U.S. dollar, high inflation, and rising interest rates. SGB...
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July 22, 2022
Thule Group’s Q2 Sales Expand 2.6 Percent
Thule Group reported earnings slipped 6.8 percent in the second quarter ended June 30 as sales grew 2.6 percent. In the second quarter of 2022, net sales amounted to SEK 3,314m (3,229), representing an increase of 2.6 percent. Adjusted for exchange rate fluctuations, net sales for the Group decreased 3.4...
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July 22, 2022
Lululemon Workers Look to Unionize D.C. Store, the First Location to Do So
A Lululemon store has started the process of organizing a union. A store in Washington, D.C. on Wednesday filed a request with the National Labor Relations Board to hold a union election. The group is looking for the company to voluntarily recognize their union, which is called the “Association of...
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July 22, 2022
Biden Has Reinstated FICOR, a Group Tasked With Growing the Outdoor Industry in the U.S.
The Federal Interagency Council of Outdoor Recreation (FICOR), whose goal was to support economic development through outdoor recreation, was reestablished in a White House signing ceremony yesterday, the Biden Administration announced. Established under President Obama, FICOR was suspended by the Trump Administration in 2020. With Thursday’s signing, FICOR again aims...
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July 19, 2022
REI Path Ahead Ventures Launches Navigate Accelerator Program
REI Path Ahead Ventures is launching its Navigate accelerator program, with an inaugural cohort of six companies. Path Ahead Ventures partners with founders of color as they further their growth in the outdoor industry. The 16-week Navigate program will bring founders together in-person and online to provide funding, mentorship, curated programming...
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July 13, 2022
Patagonia to pay $55,000 after allegedly violating Seattle scheduling law
Outdoor retailer Patagonia will pay nearly $55,000 to current and former Seattle retail employees after allegedly failing to post their schedules with enough notice. Seattle’s secure scheduling law requires large retail and food service companies to post hourly employees’ schedules at least two weeks in advance, pay employees when the company...
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July 6, 2022
Vista Outdoor To Acquire Fox Racing
Vista Outdoor, Inc. announced it had entered into a definitive agreement to acquire Irvine, CA.-based Fox Racing, the manufacturer of motocross, mountain bike and lifestyle-related gear, at a purchase price of $540 million, with the potential for an additional $50 million earnout based on the company’s financial performance. SGB Media