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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January 24, 2022
REI Retail Workers in Manhattan File to Form Company’s First Union
Workers at an REI store in New York City filed to form a union among the location’s 116 employees on Friday. If the effort is successful, the store would be the first of the outdoor recreation equipment company’s 168 locations and 15,000 employees to unionize. The workers have filed for representation by the Retail,...
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January 21, 2022
Gear Aid Inc. Acquires HEROCLIP®
Founded and invented by Mina Yoo in 2014, Lulabop has sold over 1 million units of the patented HEROCLIP® worldwide. With the completion of the acquisition, the versatile, trail ready HEROCLIP® strengthens the fast-growing line of GEAR AID® Adventure Tools™. Outdoor Industry
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January 14, 2022
Evo spends $17.5 million on land for new Seattle development project
Evo this week announced its purchase of a new retail site in downtown Seattle, Wash. The project, dubbed “Campus Seattle,” will expand on an existing evo store and adjacent skatepark, rock climbing gym, and 23,000 square feet of office space to create a full city block of mixed-use retail, sporting,...
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January 14, 2022
Vail Resorts Reports Downbeat Start to Snow Season
One of the snow industry’s largest customer, Vail Resorts, reported a downbeat start to the North American season due to lack of snow and the rise of the Omicron Covid variant. Vail Resorts operates a wide range of well-known resorts and regional ski areas including Vail, Beaver Creek, Breckenridge, Keystone,...
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January 13, 2022
Here’s How Much the Nike Logo Is Actually Worth After It Was Purchased for $35 Nearly 50 Years Ago
How Much Is the Nike Logo Worth? Some say the logo is worth the net worth of the Nike brand, valuing it as a more than $30 billion image. Footwear News
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January 11, 2022
Evo Acquires Rhythm Japan
evo, the outdoor retail and experiences brand, today announced Rhythm Japan, a world-class retail, rental, and experiences company, and Oyuki, the winter essentials brand, will join the evo community. evo will become the parent company, owning 100% of the Japanese business, with the existing Rhythm Japan shareholders becoming part owners of evo....
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January 11, 2022
How Gucci Is Investing In Physical Retail This Year With The North Face Pop-Ups + New American Dream Shop
Gucci is investing in its brick-and-mortar strategy this year. The Italian luxury brand has unveiled plans for a brand-new series of pop-ups dedicated to the second chapter of its collaboration with The North Face. The newest phase of the partnership sees a special cross-category collection for men and women comprising of...
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January 11, 2022
Vail Resorts Disavows Recruitment Email, Park City Ski Patrol Moves Toward Strike
Park City ski patrollers have threatened to strike against parent company Vail Resorts since summer 2020. Union members overwhelmingly voted to move toward a work stoppage after an email that Vail called ‘unauthorized’ recently leaked. Gear Junkie
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January 10, 2022
Ancient Big Bend Rock Art Irreparably Vandalized
People have inhabited the area that today makes up Big Bend National Park in southwestern Texas for at least 13,000 years. At some point during what archaeologists refer to as the Archaic Period, which stretches back 8,500 years, people began carving abstract shapes into a massive boulder. That boulder remains...
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January 7, 2022
Read: The Western Megadrought Is Revealing America’s ‘Lost National Park’
A megadrought, the driest the area has been in more than 1,000 years, is reducing Lake Powell to Puddle Powell, and in the process, revealing a little bit of the wonders long since hidden far below the surface of the lake, a surface roiled by powerboats and jet skis. Adventure...
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January 5, 2022
Too Big to Vail: The Downfall of the North American Mega Resort
In the past few years, we have seen resorts become conglomerates across multiple continents, luring in customers with multi-passes that allow them the idea of skiing whenever and wherever they want. This year we’ve really started to see the negatives. People are wondering aloud if it’s worth it, and while...
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January 5, 2022
Wholesale RV Values Decline Across the Board
Black Book’s most recent monthly report showed declining values of wholesale motorized and towable units. The average selling price for motorized units was $79,270, which is down $2,114 (2.6%) from the previous month. Towables came in at $21,405, down $908 (4.1%) from last month. One year ago, the average motor...
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January 5, 2022
Unionized! Outside Magazine Editorial Staff Band Together Within Media Giant
Eleven months after Pocket Outdoor Media swallowed up Outside Integrated Media and appropriated its name, the benchmark magazine’s staff formed a union. On January 4, 15 editors at Outside magazine released a document simply titled “Mission Statement.” In it, they advocate for better working conditions within the company, air their...
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January 4, 2022
Active Lifestyle Stocks Churn Out Robust Gains in 2021
With many companies seeing benefits from changed behaviors due to the pandemic, the vast majority of active lifestyle stocks soared to new heights in 2021. Of the 79 stocks in the active lifestyle space tracked by SGB Executive, only 14 showed declines, marking the third strongest year for the sector after several...
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December 30, 2021
An Everest Guide Just Won a Legal Battle over a Canceled Summit Attempt
In September 2019, Himalayan guide Garrett Madison called off a summit attempt on Mount Everest, telling clients that an ice block hanging over the route made it too dangerous. The following March, one of the clients on the expedition, Zac Bookman, sued Madison for $100,000 for breach of contract and...
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December 30, 2021
Helen of Troy Completes Acquisition Of Osprey Packs
Helen of Troy Limited announced the successful completion of its previously announced acquisition of Osprey Packs, Inc, for $414.7 million in cash, which includes the impact of a $5.3 million favorable customary closing net working capital adjustment. SGB Media
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December 29, 2021
Climashield Sold to Private Equity Firm
Crown Capital Investments (CCI), an Atlanta-based private equity investment firm, has acquired Climashield to its manufacturing portfolio of companies. Headquartered in Clinton, Tenn., Climashield is a manufacturer and developer of continuous filament insulation. With global distribution to military and outdoor recreation brands, Climashield products offer “thermal efficiency and durability.” Inside...
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December 23, 2021
SOG Specialty Knives Acquired by GSM Outdoors
With its buyout of SOG Knives, the outdoor giant expands its specialty blade, multitool, and EDC offerings. GSM Outdoors continues to grow in breadth and depth. This week, the hunting and shooting sports specialist keeps that trend going by acquiring SOG. Gear Junkie
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December 23, 2021
Under Armour, Columbia Facing Headwinds
Under Armour and Columbia were downgraded by market analysts Stifel, highlighting the challenges facing the sports category. Analyst Jim Duffy lowered the two brands from “Buy” to “Hold” — while lowering Nike’s price target but maintaining its “Buy” rating. The analyst foresaw short-to-mid-term concerns limiting the upside of both brands....
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December 17, 2021
Meet the First 2 Heli-Skiing Operators in the World to Go Carbon-Neutral
Last year, a small company in British Columbia was the first heli-skiing operator to go carbon-neutral. Now, there’s a second carbon-neutral heli-skiing team on the scene. In September 2020, Bella Coola Heli Sports achieved the impressive and the improbable — it became the first heli-ski operator in the world to...
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December 17, 2021
Why Patagonia is Closing its North American Stores, Warehouse and Offices the Week After Christmas
Ever the industry contrarian, Patagonia is planning to close up shop temporarily for a quick break after the holidays. Originally announced late last month, the outdoor brand said that its stores and offices in the United States and Canada will be closed starting Dec. 25. The brand also said it...
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December 14, 2021
A major RV maker now has more than $18 billion in backlogged orders and says its dealers may not be fully restocked until 2023
Famed RV maker Thor Industries now has an $18.07 billion order backlog as of October 31 as demand for tiny homes on wheels continues to remain strong through the COVID-19 pandemic, the company said in its 2022 first-quarter earnings report on December 8. Thor Industries — which owns brands like...
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December 14, 2021
RV industry rolls through U.S. shortages, inflation
The recreational vehicle industry has done what many U.S. businesses did in the face of this year's epic shortages and surging inflation: Churned out more products and made more money than ever before. Winnebago Industries Inc (WGO.N) reported record fiscal 2020 revenues in October - up over 50% from the...
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December 13, 2021
Inside The Call: American Outdoor Brands Fiscal Q3 Sales Impacted By Delivery Timing
American Outdoor Brands reported sales fell 10.5 percent in the fiscal second quarter ended October 31, to $70.8 million. Officials blamed it on the timing of orders from traditional brick-and-mortar channels, and underlying demand remains healthy. Brian Daniel Murphy, president, CEO, said certain retail customers accelerated the company’s inventory purchases...
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December 13, 2021
Colorado Rafting Businesses Hire Right-Wing Law Firm to Keep Guide Pay Low
It may seem an unlikely pairing: A law firm that is fighting to roll back clean water protections across the United States and a coalition of raft companies in Colorado that often train their guides to give interpretive talks on environmental preservation. But last week the two found common cause...