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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December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
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December 5, 2022
VF’s Shares Take Hit On CEO Exit, Guidance Cut
Shares of VF Corp. fell about 11 percent on Monday following the news of Steve Rendle’s retirement as CEO. His exit was a surprise but not a shock to Wall Street analysts, given VF’s underperformance, led by Vans, in recent years. More worrisome was VF’s third guidance reduction in the...
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November 30, 2022
Bear Grylls, Savage Ventures To Acquire, Expand Outdoors.com
TV star and writer Bear Grylls is partnering with Nashville-based digital-sector investors Savage Ventures to acquire, build out and relaunch the venerable website Outdoors.com, and turn it into an adventure-travel destination site. The partners said they plan to make Outdoors.com the home of adventure, with exclusive news, content, commerce, engaging community-based...
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November 30, 2022
Black Book: Colder Weather Brings Drop in Wholesale RV Values
The average sales prices for motor homes and towables sold at wholesale auctions declined last month. The drop off in motor home values from the month before looks quite dramatic, but when you consider the overall trend line for the past several months, it is consistent with the patterns that...
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November 30, 2022
Crown Capital Investments Acquires Pacific Yurts
Crown Capital Investments, an Atlanta-based private equity firm, has acquired Pacific Yurts, Inc., the maker of portable tents. This partnership will enable Pacific Yurts to enhance the opportunities it can offer to its employees. SGB
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November 30, 2022
The Rossignol Group to Invest $50M in Three Years Targeting Revenue Growth, Sustainability Leadership
Targeting both significant revenue growth and category leadership in sustainable ski and outdoor products, the Rossignol Group this month unveiled a new strategic plan — called Ascension 2026 — that commits to investing $50 million between now and 2026 to achieve its goals. Businesswire
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November 28, 2022
Black Friday Online Sales Hit Record $9.12 Billion
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers’ websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020. SGB Media
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November 28, 2022
Crown Capital buys portable tent maker Pacific Yurts
Crown Capital has acquired Oregon based Pacific Yurts Inc, a maker of portable tents or yurts. No financial terms were disclosed. Pacific Yurts launched in 1978. PE Hub
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November 25, 2022
Patagonia Sues Gap for Copying Its Signature Snap-T Pullover
Following its fallout with Ye, GAP (NYSE:GPS -2.19%) now lands itself in legal trouble with outdoor clothing retailer Patagonia which recently filed a lawsuit accusing the American clothing brand of copying its signature Snap-T pocket design found on its fleece sweaters for over three decades. Hype Beast
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November 17, 2022
Outside Inc makes 12% workforce cut on advertising slowdown
Outside Inc – the parent publisher to VeloNews, CyclingTips, PinkBike, B2B Bicycle Retailer and Industry News, plus the Trailforks platform – has announced a number of staff layoffs this week. Among those laid off are senior journalists across the portfolio Caley Fretz, Dave Rome, Matt de Neef and Daniel Benson,...
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November 17, 2022
Biofuel on Bachelor: Oregon Resort Announces New Wood-Fired Heating System
With wood-based heating solutions for several of its buildings, Bend, Oregon’s Mt. Bachelor Ski Resort will soon go back to the future. In it, parent company POWDR said the resort’s new 3,412 MBH (1000 kW) boiler will heat four of its base area facilities with an estimated 1,000 tons of...
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November 16, 2022
Boardriders Cuts More than 150 Jobs
Boardriders, which is in the midst of a sale process, cut 170 jobs today in a move to reduce costs and become more nimble. Boardriders is home to the Billabong, Quiksilver, RVCA, Roxy, DC Shoes, Element and VonZipper brands and is one of the largest and most important companies in...
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November 11, 2022
Cotopaxi Hires Private Security to Reopen San Francisco Store
The Bay Area location closed on Oct. 18 due to ‘rampant organized theft’ and safety concerns. Now, it reopens under tighter surveillance. A shuttered Cotopaxi retail location in San Francisco reopened today after hiring private security, Cotopaxi founder and CEO Davis Smith announced. Gear Junkie
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November 10, 2022
Outdoor recreation is a 862 billion dollar industry
The US Department of Commerce’s Bureau of Economic Analysis (BEA) has released new data that shows that the outdoor recreation industry is worth a record-breaking $862 billion to the US economy. This huge revenue generation means that the outdoor recreation industry contributes more to the US economy than oil and...
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November 8, 2022
Nation’s Largest RV Maker “Focused” On Going Electric
RV market leader Thor Industries is looking for a way to reduce its environmental impact. After rolling out an electrified prototype for its Airstream brand earlier this year, Thor Industries has formed a strategic alliance with EV startup Harbinger Motors. That could lead to all-electric versions of Thor’s various RV...
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November 7, 2022
Compass Diversified sales up 22% in third quarter; raises outlook
Compass Diversified, which owns BOA, Lizard Skins and PrimaLoft among other brands, recorded sales of $598 million in its most recent quarter, up 22% from the same period last year. BRAIN
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November 4, 2022
REI to Offer Healthcare to All Employees Next Year
Starting in 2023, REI is set to sharply expand its employee medical coverage. The co-op announced that beginning January 1 every REI employee—barring those who have existing coverage through other employers—will be eligible for healthcare under the new REI Access Plan, which provides comprehensive insurance through Aetna. Outside
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November 4, 2022
Dick’s Sporting Goods Launches $50M Investment for Next Generation of Sports Companies
Dick’s Sporting Goods announced the launch of DSG Ventures, a $50 million in-house fund that will invest in innovative companies that will help shape the future of sport. To start, the initiative will focus its efforts on companies and rising entrepreneurs that directly serve athletes and their communities, or that...
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November 3, 2022
New partnership to accelerate electrification of RVs
Global RV industry leader Thor Industries has entered into a strategic partnership with commercial electric vehicle expert Harbinger Motors in a bit to accelerate the electrification of the RV consumer experience. Thor believes that powered by Harbinger Motors’ proprietary technology it can bring superior electrified experience to its electrified RVs...
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November 3, 2022
OR Show, Surf Expo Parent Sees Q3 Revenues Decline 18 Percent
Emerald Holding, Inc. reported a sales decline of 18.4 percent due to the shift in the timing of events in the current year versus the year-ago period. Emerald hosts over 140 yearly venues across multiple industries. The active outdoor events include Outdoor Retailer, Surf Expo, The Sports Licensing & Tailgate...
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November 2, 2022
Sender One on Track to Nearly Double Its Gym Count by 2024
After opening four climbing facilities in ten years, Sender One is poised to add three more gyms in Southern California by 2024, this time in Westwood Village, Lakewood and Huntington Beach. The first Sender One facility (SNA) opened in Santa Ana in 2013, a full-service gym which caters to a...
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November 2, 2022
Canada Goose Lowers Outlook Despite Q2 Exceeding Expectations
Canada Goose Holdings, Inc. reported results for the second quarter ended October 2 that easily topped analyst estimates, but the company reduced its outlook for the year due to weakness in China and the uncertain global macroeconomic climate. Earnings in the second quarter were 22 cents a share, topping the...
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October 30, 2022
Columbia Sportswear’s Record $955M Quarter
The sportswear and outdoor apparel retailer posted $955 million in net sales in Q3 2022, a 19% increase year-over-year. It attributed the record-breaking results to growth led by its SOREL footwear and Columbia brands, which saw net sales increase by 28% and 19%, respectively. FOS
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October 26, 2022
Garmin Raises 2022 EPS Guidance On Improved Margin Outlook
Garmin, Ltd. reported sales declined 4 percent in the third quarter ending September 24, dragged down by an 18 percent slide in the fitness segment. Second-quarter earnings topped Wall Street estimates and Garmin lifted its full-year EPS outlook on an improving margin outlook. SGB Media
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October 24, 2022
The North Face To Open 70-Plus Stores In North America
The North Face plans to open more than 70 stores in North America and up to 300 additional retail and partner locations globally over the next five years. The North Face also said it plans to continue transforming existing sites to ensure consistent store formats for consumers who shop brick-and-mortar....
