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 28, 2022
Vail Resorts Acquires Majority Stake in Swiss Resort
Vail Resorts, Inc. (“Vail Resorts”) is acquiring a 55-percent ownership stake in Andermatt-Sedrun Sport AG, which controls and operates all of the resort’s mountain and ski-related assets, including lifts, most of the restaurants and a ski school operation. ASA will retain a 40-percent ownership stake in Andermatt-Sedrun Sport AG, with...
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March 21, 2022
New Yosemite Reservation Requirements for 2022: All You Need to Know
Unusually high construction initiatives will force new reservation requirements for summer 2022, according to Yosemite officials. As concern over Yosemite Valley’s increasing traffic problem mounts and construction projects pile up, park officials responded with a new permit system. Gear Junkie
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March 21, 2022
Hunting Numbers Are Down—So What Does That Mean for Conservation Funding?
Gun and ammunition sales in the U.S. have skyrocketed in recent years. And although it may come as a surprise, this trend has supported conservation activities. Adventure Journal
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March 17, 2022
Dexter Acquires HiSpec Wheel & Tire, Inc.
NOVI, Mich. - DexKo Global Inc. announced that its wholly-owned subsidiary, Dexter Axle Company (“Dexter”) acquired HiSpec Wheel & Tire, Inc. (“HiSpec”), located in Mishawaka, IN. Established in 1995, HiSpec designs and provides aluminum and steel wheels, tires, and related accessories to the RV, trailer and transportation industries. The company has earned a reputation for offering the...
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March 15, 2022
Vail Resorts increases minimum wage
Back in January, the VR leadership acknowledged the issues and vowed to improve conditions across the board, taking immediate action where possible, such as replacing the General Manager at Stevens Pass and implementing a new bonus structure aimed at retaining workers. Yesterday, Vail announced plans to make serious inroads into the staff...
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March 14, 2022
Vail Resorts Sees Improving Trend In Skier Visits
Vail Resorts, Inc. said season-to-date through March 6, 2022, total skier visits were up 11.7% compared to the prior year’s season-to-date period and up 2.8% compared to the fiscal year 2020 season-to-date period. Net income attributable to Vail Resorts, Inc. was $223.4 million for the second fiscal quarter of 2022...
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March 14, 2022
American Outdoor Brands to Acquire Grilla Grills
American Outdoor Brands, an industry leading provider of products and accessories for rugged outdoor enthusiasts, forged an agreement to purchase Grilla Grills, a privately owned provider of barbecue grills, Wi-Fi-enabled wood pellet grills, smokers, accessories and modular outdoor kitchens. The transaction amounted to $27 million in cash, or approximately $24...
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March 14, 2022
A Whole Lotta Public Land Is ‘Landlocked’ and Inaccessible
Landlocked public lands are pieces of land owned by all of us that are surrounded by private land. Many times, either the government or land conservancies will try to buy the private land to allow access to the public lands within. But that often can’t happen. There are nearly 16...
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March 11, 2022
America’s busiest search-and-rescue system at risk of collapse, study finds
In Colorado, where the number of outdoor users is quickly outpacing the bandwidth of local search and rescue (SAR) teams, volunteer rescuers aren’t just unpaid—they’re spending over $1,500 of their own money each year to save other people’s lives. That’s according to a landmark new study conducted by Colorado Parks...
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March 9, 2022
Bouldering Project Expands With Big Acquisitions
It was recently announced that the Bouldering Project—which operates six facilities across Minneapolis, Seattle and Austin (and a seventh on the way in Salt Lake City)—has acquired three additional facilities that previously operated as Brooklyn Boulders gyms. These three newly acquired properties are located in Brooklyn, Boston and Washington D.C.,...
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March 9, 2022
Former WSL and Hurley Exec Named CMO of Columbia Brand
Columbia Sportswear Company (Nasdaq: COLM), a leading innovator in active outdoor apparel, footwear, accessories and equipment, today announced the appointment of Pri Shumate as Chief Marketing Officer for the Columbia brand. In this role, Pri will report to Joe Boyle, Executive Vice President and President of the Columbia brand, effective...
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March 8, 2022
Dick’s SG’s Again Tops Expectations In Q4
Dick’s Sporting Goods reported earnings on an adjusted basis grew 50 percent in the fourth quarter ended January 29 on a 5.9 percent same-store sales gain. Both earnings and sales topped Wall Street’s guidance, with the period marking Dick’s largest sales quarter. Earnings are expected to decline in the current...
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March 3, 2022
Patent-infringement cases against The North Face and Columbia can move forward, judge rules
A Colorado district judge ruled late last month that Colorado-based Cocona Labs, creators of 37.5 Technology, can move forward with two separate lawsuits accusing The North Face (TNF) and Columbia of patent infringement. The two cases date to 2016, when Cocona sued VF Corporation (TNF’s parent company) and Columbia Sportswear...
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March 3, 2022
REI Employees Successfully Vote to Unionize
It was an overwhelming “yes.” In an 88-14 vote, employees at the Manhattan REI voted to approve a union. It’s the first REI to do so, and follows on the heels of chains like Starbucks seeing similar union drives in the service and retail sector. Adventure Journal
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March 2, 2022
Rock Spot Expands Its Northeast Footprint in Recent Acquisition
Rock Spot Climbing, a longstanding Northeast climbing gym chain, recently announced its acquisition of Prime Climb in nearby Wallingford, Connecticut. Previously managing five gyms between Rhode Island and Massachusetts―the first of which, Rock Spot Lincoln, has been operating since 1998 (formerly as RI Rock Gym of Pawtucket)―the Rock Spot gym...
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March 1, 2022
New training seeks to prevent sexual harassment in the outdoor industry
On March 4, Seekhaven Family Crisis and Resource Center—a Utah-based violence and sexual-assault shelter—will partner with Futures Without Violence in a virtual training seminar - Seekhaven - that will give attendees a toolkit to effectively respond to gender-based violence and harassment in outdoor-industry work settings. Some of the topics discussed...
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March 1, 2022
More National Parks are Requiring Time Entry Passes
RVers and camping enthusiasts who plan to visit some of the nation’s most popular national parks this summer may need to reserve more than their campsites. Campers who do not already have a reservation for a campsite or rental accommodation will need to reserve a “timed-entry” pass through recreation.gov simply to drive...
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March 1, 2022
OneWater Announces Acquisition of YakGear, Inc.
OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that its subsidiary, T-H Marine, has acquired YakGear, Inc. (“YakGear”), an industry-leading supplier of kayak equipment, paddle sports accessories, and boat mounting accessories based in Houston, Texas. Along with its extensive line of marine accessories, YakGear has exclusive distribution...
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February 25, 2022
Inside The Call: BOA, Marucci Pace Compass Diversified’s Q4 Growth, 5.11 Postpones IPO
Compass Diversified Holdings (CODI) said sales in the fourth quarter grew 55 percent at BOA and surged 71 percent at Marucci Sports while declining 5 percent at its Velocity Outdoor subsidiary. 5.11’s sales grew 4 percent, but the big news was that the tactical gear maker postponed its IPO. SGB...
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February 25, 2022
The 30 Best National Parks in the World
The parks on this list span six continents and tens of millions of acres, offering excellent fodder for any nature-addicted traveler looking to jump-start their wanderlust and plan the next adventure. From Costa Rica to Croatia, Outside uncovered the very best.
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February 23, 2022
Wolverine Delivers Revenue Growth of Nearly 25% in Q4 as Merrell, Saucony Hit 2021 Sales Records
Wolverine Worldwide reported strong fourth quarter and fiscal 2021 results as the footwear conglomerate faced supply chain challenges head on. The company – which owns Merrell, Saucony, Sperry, Keds and more – saw revenues of $635.6 million in the fourth quarter of 2021, up 24.7% versus the prior year. As...
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February 22, 2022
Will Climate Change Make Skiing Even More Expensive and Exclusive?
Ski areas are increasingly reliant on extensive snowmaking operations to keep their slopes open as the planet warms. A few degrees of warming can mean more days of rain instead of snow and shorter seasons. That reduces the operators’ revenue and raises their costs. Adventure Journal
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February 16, 2022
Despite flat fitness sales, Garmin has record-setting revenue growth
Garmin Ltd. reported record revenue for the year and in the fourth quarter despite flat fitness sales that include cycling products. Revenue for the quarter increased 3% to $1.39 billion compared with $1.35 billion at the same time last year. For 2021, revenue was up 19% year-over-year, rising from $4.1...
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February 16, 2022
NPD Report Shows Americans are Back on the Slopes
A well-documented increase in backcountry-related activities was recorded during last snow season, as consumers looked for ways to get their alpine fix while social distancing. However, resorts are less restricted this year, and Americans are returning to the slopes. It’s showing in sales numbers, according to The NPD Group. Inside Outdoor
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February 10, 2022
How outdoor brands are taking vaccine mandates into their own hands
Amid turmoil over federal vaccine mandates, some outdoor brands have quietly issued their own requirements. ...the Boulder, Colo.-based subsidiary of the global alpine footwear brand implemented a new policy: Barring a religious or health-related exemption for which the company would make reasonable accommodation, all employees were required to get vaccinated...