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 29, 2021
Outdoor industry sales numbers grew moderately in Q3, despite headwinds
Many outdoor-focused, publicly traded companies fell short of Wall Street’s projections for revenue and income growth in the third quarter, but they still posted decent numbers—especially considering that supply chain congestion worsened in the period. Find out how they fared on Outside Business Journal
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October 28, 2021
Emerald Holding Shrinks Q3 Loss
During the third quarter, Emerald traded 32 in-person trade shows, conferences and other events, serving “more than 92,000 attendees and 5,200 exhibiting companies. Net loss of $9.0 million for the third quarter 2021, compared to a net loss of $15.3 million for the third quarter 2020. Adjusted EBITDA, a non-GAAP measure, of...
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October 28, 2021
Patagonia CEO Slams Facebook, Calls on Other Businesses to Boycott Advertisements To Stop Misinformation
Patagonia CEO Ryan Gellert took the the company’s Twitter account to encourage businesses to join the outdoor retailer in removing advertisements from Facebook as well as its subsidiary Instagram. The viral thread, which has over 57,000 likes collectively, explains Patagonia’s decision to stop all paid advertising on Facebook platforms in June...
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October 27, 2021
Why is Patagonia now selling wine?
Patagonia provides much of the apparel and gear needed to explore the backcountry, and now the company is giving adventurers—the adult ones, anyway—another beverage option for their après festivities. The company’s food division, Patagonia Provisions, unveiled a collection of wines, ciders, and sake. The launch comes as the brand works to...
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October 27, 2021
Garmin revenue rises 7% in third quarter
Garmin Ltd. revenue increased 7% year-over-year, aided by a slight jump in fitness sales driven by cycling and wearable products. However, it's the first earnings report since Q2 last year in which Garmin didn't record double-digit revenue growth. Total revenue for the quarter ending Sept. 25 was $1.19 billion, rising from...
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October 21, 2021
Market research company NPD Group sold to PE firm
This week, NPD Group, the Port Washington, N.Y.-based global firm that specializes in market analysis (including the outdoor industry), announced it had agreed to be acquired by the private equity firm Hellman & Friedman for an undisclosed amount. Under the terms of the deal, NPD’s executive chairman, Tod Johnson, and...
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October 19, 2021
VF Corporation to impose Covid vaccine mandate
Colorado-based VF Corporation announced in an internal email yesterday that, beginning January 1 of next year, the company will require all office-based U.S. employees to be vaccinated against Covid-19. Affected employees who do not secure an approved exemption by January 31 will be terminated without severance, according to a company...
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October 19, 2021
$11M Invested in Camping App The Dyrt to Nearly Double Team Size
PORTLAND, Ore., Oct. 19, 2021 - The Dyrt, the No. 1 camping app with the most active camping community in the world, recently closed an over-subscribed Series B round of funding led by Realization Capital Partners. The investment, combined with strong revenue from The Dyrt PRO, has the company adding 30...
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October 13, 2021
These outdoor brands are turning customer stories into marketing gold
Story-based marketing is hot right now. Three new campaigns from The North Face, Houdini, and Kari Traa show how outdoor companies are leaning into the trend. Outside Business Journal
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October 13, 2021
GoPro Appoints Shaz Kahng to Board of Directors
Kahng brings a wealth of executive experience to GoPro's board – her career highlights include holding several leadership roles at Nike, including Global General Manager of Nike Cycling and President/CEO at Lucy Activewear. PR Newswire
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October 8, 2021
Biden to restore protections for three national monuments
President Biden is expected to restore protections for the Bears Ears, Grand Staircase-Escalante and Northeast Canyons and Seamounts National Monuments on Friday, the Biden administration announced Thursday. The three monuments' protections had been scaled back during the Trump administration. "The President's protection of these three national monuments is among a...
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October 5, 2021
Evo Acquires Backcountry Lodge in British Columbia
Industry retailer evo announced this morning that it is expanding its hospitality business by acquiring the Journeyman Lodge in British Columbia. Journeyman Lodge is located 90 minutes north of Vancouver and 20 minutes south of Whistler Village. The 5,000-squre-foot lodge accommodates 24 guests and is surrounded by thousands of miles...
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October 5, 2021
Outdoor industry stocks suffer setbacks in Q3
Snarled supply chains have done more than slow the movement of outdoor goods around the globe. They’ve also stalled public companies’ stock growth. In the third quarter, congested ports stymied the skyrocketing demand for outdoor products and caused the share prices of outdoor-focused publicly traded corporations to suffer as well....
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October 4, 2021
Solo Brands, Inc. Files Registration Statement for Initial Public Offering
Solo Brands, Inc., owner of the popular Solo Stove, Chubbies, Oru Kayak, and Isle paddleboard brands, announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The number of shares to be offered...
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October 1, 2021
New YETI ad blasts billionaire space race led by Elon Musk, Jeff Bezos
Go outside. That’s the message behind YETI’s new billboard sending rockets full of shade at billionaires like Elon Musk. The Austin-based company posted a bright new billboard outside its downtown Austin storefront. The message sends waves reading — “See Space. Save Billions.” The ad shows a tent along a mountainside,...
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September 29, 2021
Farm to Summit Turns Unwanted Produce Into Very Much Wanted Camp Food
Farm to Summit makes dehydrated food from upcycled, locally-grown produce. Their business model: to create gourmet meals for bikepackers, backpackers, and other people who spend time in the backcountry while also reducing food waste and resource use. Read more about the founders on Adventure Journal.
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September 27, 2021
Aspen outdoor retailer to buy Neptune Mountaineering of Boulder
One of the most widely known and beloved indy gear shops in the outdoor industry, Neptune Mountaineering in Boulder, Colo., has been acquired by another legacy shop, Ute Mountaineer in Aspen. The acquisition is set to finalize on Sept. 30. Outside Business Journal
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September 23, 2021
Vail Resorts Sees 29 Percent Gain In Earnings In Fiscal Year
Vail Resorts Inc. reported results for the fourth quarter and fiscal year ended July 31, 2021, which were negatively impacted by COVID-19 and related limitations and restrictions, and reported results of season-to-date season pass sales. Net income attributable to Vail Resorts, Inc. was $127.9 million for fiscal 2021, an increase...
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September 22, 2021
Patagonia signs statement denouncing Texas abortion ban
Patagonia is once again in the news for making its social and political values known—this time, in the form of opposition to the new Texas state law that bans abortions after six weeks of pregnancy. The company co-signed a statement with more than 50 other U.S. businesses denouncing the law...
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September 21, 2021
Vail Resorts eliminates reservation requirement for 2021/22 season
The global ski resort operator has outlined its safety protocols for the upcoming season. The big changes: Reservations are no longer required, but guests in some restaurants—and all employees—must be vaccinated. Outside
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September 21, 2021
Kathmandu’s Sales Expand 15 Percent In Fiscal Year
Strong performances were seen from Rip Curl and Oboz, driven by participation growth in surfing and hiking. Sales reached NZ$922.8 million against NZ$801.5 million a year ago. Gross margin was up 40 basis points to 58.7%. SGB Media
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September 20, 2021
Backpacker brings aboard new gear editor
Benjamin Tepler—a Vermont-based journalist whose work has appeared in various national publications, including Outside, Food & Wine, and Sunset—has joined the staff of Backpacker (owned by OBJ’s parent company) as assistant gear editor. OBJ
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September 17, 2021
Dometic Acquires Igloo in $667 Million Deal
In a $677 million deal announced today, Dometic — an RV appliance and electric cooler-maker — will acquire U.S.-based Igloo, the iconic manufacturer of coolers and drinkware. This marks Dometic’s eighth acquisition in 2021, including Cadac, maker of vehicle-based barbecue products; German mobile power brand Buttner Elektronik; Zamp Solar; and, perhaps most...
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September 14, 2021
Supply Side, Shipping And SUP Sales Soar But Inventory Low
With the pandemic leading to growth in participation in paddlesports, no category has seen more uptick than stand-up paddleboards (SUP), especially inflatables. But while they require a modicum of balance to use, those in the business are also trying to find their footing dealing with complications in production, distribution and...
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September 13, 2021
Retiring its racist name, historic Squaw Valley resort will become Palisades Tahoe
The historic Squaw Valley ski resort near Lake Tahoe will be renamed Palisades Tahoe after its owners determined that the term “squaw” was offensive to Indigenous women. The new name — meaning steep, high cliffs — is a reference to the sheer granite faces and chutes around the resort. The...