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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February 21, 2024
Camping World Selling More New Models but Lower ASPs Cut into Revenues
Camping World Holdings, Inc. Chairman and CEO Marcus Lemonis in a company release new vehicle same-store unit growth turned positive beginning in December 2023, and January and February to-date are trending up from mid-single-digit to low-double-digit growth. Revenue was $1.1 billion in the fourth quarter, a decrease of 13.4 percent...
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February 21, 2024
KOA’s Monthly Report Highlights Surge in 2024 Travel Bookings
Kampgrounds of America (KOA)’s latest monthly report showed a significant uptick in travel bookings for the 2024 season, particularly among Gen Z campers. The report indicates the continuing trend of integrating road trips with camping, noting a 10% higher preference for road trips over traditional camping activities. This preference highlights a...
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February 15, 2024
YETI Reports Fourth Quarter and Fiscal Year 2023 Results
YETI Holdings, Inc. announced its financial results for the fourth quarter and fiscal year ended December 30, 2023. Fourth quarter net sales increased 16%; Adjusted net sales increased 6%, net sales were highlighted by a 12% increase in Drinkware net sales and a 44% increase in International net sales; International...
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February 9, 2024
Prana Records 21% Revenue Drop in 2023
Active lifestyle brand Prana’s 2023 revenue dropped 21% to $113.6 million as parent company Columbia Sportswear works to find the formula that will return the brand to growth. Columbia acquired Prana in the summer of 2014 for $190 million in cash. At the time, Prana was expected to generate $100 million in...
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February 7, 2024
GoPro Q4 and 2023 revenues each decrease 8%
GoPro Inc. fourth-quarter revenue declined 8% year-over-year as did its 2023 revenue despite camera sell-through increases in the second half of the year. Quarterly revenue was $295 million, compared with $321 million year-over-year. For the year it was $1.0 billion, compared with $1.09 billion in 2022. Bicycle Retailer
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February 6, 2024
Sorel 2024 Revenue Expected to Fall Double Digits
Industry footwear brand Sorel, owned by Columbia Sportswear, is experiencing weak sell through this season, which is weighing on future wholesale orders, according to Columbia executives. The brand has been a growth story for Columbia in the past. The Daily Outdoor Retailer
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February 5, 2024
Columbia Sportswear Facing Layoffs and Cost Cuts
Columbia Sportswear is facing tough outdoor and wholesale challenges ahead. A lackluster fourth-quarter report resulted in layoffs, as well as an expectation for “erosion in profitability” in 2024. And the company’s challenges include cautious retail partners and greater competition from other brands. The company projected first-quarter net sales to be...
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February 5, 2024
Alterra Mountain Company to buy Arapahoe Basin in Colorado
Alterra Mountain Company has entered into an agreement to purchase Arapahoe Basin in Colorado. The ski resort is currently owned by Dream Unlimited Corp. A-Basin often boasts the longest ski season in Colorado, many times running through June and even July 4. The ski resort is located 68 miles from...
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February 5, 2024
RV sales ‘normalizing’ to pre-pandemic numbers following huge boom in sales
After a tremendous boom during the pandemic, RV sales are normalizing back to pre-COVID times, but that doesn't mean Americans aren't camping. According to Kampgrounds of America, around 57% of campers have already booked a trip for this year. The pandemic threw a lot of businesses under the bus but...
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February 1, 2024
Salomon Owner Amer Sports Raises $1.37 Billion in U.S. IPO
Amer Sports, Inc. raised $1.37 billion its U.S. initial public offering (IPO), a total that fell short of its projected $1.8 billion. The Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, sold 105 million ordinary shares for $13 each. The company previously anticipated offering 100 million ordinary...
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January 31, 2024
Yeti Acquires Backpack Brand Mystery Ranch
Outdoor products company Yeti announced Wednesday that it has acquired growing pack brand Mystery Ranch. Terms of the deal were not disclosed. The Daily will update this story with more information from the companies as this develops. Mystery Ranch will continue to operate out of Bozeman and will work with...
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January 26, 2024
REI Lays Off More than 300 Employees as It Warns About Rocky 2024
CEO Eric Artz notified employees in a Jan. 25 letter that the outdoor retailer would lay off 357 people across its organization, including 200 corporate employees at its Sumner, Wash. headquarters and 121 in its distribution centers. The news follows Nike’s December announcement to “streamline” its organization and cut costs,...
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January 25, 2024
RV Shipments Top 313,000 For 2023
Results for the RV Industry Association’s December 2023 survey of manufacturers found that total RV shipments ended the month with 21,522 units, an increase of 8.1% compared to the 19,907 units shipped in December 2022. RV shipments in 2023 ended with 313,174 units, down (-36.5%) compared to 2022. RVIA
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January 25, 2024
AllGear Digital Acquires Travel and Gear Guide Pack Hacker
AllGear Digital, the leading publisher of media brands serving the outdoor and active-lifestyle enthusiast, announced that it has added Pack Hacker to its growing network, which includes the best-in-class brands GearJunkie, Switchback Travel, The Intertia, BikeRumor, iRunFar, and Explorer’s Web. Pack Hacker was founded by Tom Wahlin, a former tech-industry...
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January 22, 2024
Amer Sports Looks to Raise Over $1.6 Billion in IPO
Amer Sports, Inc., the parent of the Arc’teryx, Armada, Atomic, DeMarini, EvoShield, Louisville Slugger, Salomon, Wilson, and other sports and outdoor brands, launched an initial public offering of 100,000,000 ordinary shares. With the offering, Amer Sports granted the underwriters a 30-day option to purchase up to 15,000,000 additional ordinary shares...
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January 19, 2024
Christy Sports Expands Rental Program
Christy Sports, the premier outdoor retailer and service provider, announced an upgraded rental program offering guests online access to same-day gear rentals in as little as 30 minutes. The advanced online reservation system allows for nearly immediate access to the slopes, making it easier than ever to #stepoutside. The new...
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January 18, 2024
Vail Resorts Adjusts Guidance After Rough Start to Season
Vail Resorts, Inc. has reported that interim season-to-date (STD) total skier visits were down 16.2 percent through January 7, compared to the prior-year STD period through January 8, 2023. Season-to-date total lift ticket revenue, including an allocated portion of season pass revenue for each applicable period, was up 2.6 percent...
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January 17, 2024
Interested In Smart Motorcycle Helmets? GoPro Snaps Up Forcite for Tech-Infused Helmets
GoPro, Inc. revealed its plans to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. The financial terms were not disclosed. The company said it intends to boost Forcite’s vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories...
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January 16, 2024
Bouldering Project Expands to Dallas, Acquiring Oso Climbing Gyms
Bouldering Project, an innovator in the growing climbing gym industry, is pleased to announce the acquisition of Oso Climbing Gyms in Dallas, Texas. Oso, a 35,000-square-foot facility opened in May of 2020. The gym offers 8,500-square-feet of bouldering terrain, a dedicated yoga and fitness studio with a full schedule of...
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January 16, 2024
Camping World Set to Acquire Three Minnesota Locations
Camping World Holdings, Inc. is set to acquire Roth RV, with locations in Bemidji, Grand Rapids and Deerwood, MN. The transaction is anticipated to close in the second quarter of 2024 and will increase the company’s Minnesota location count to 11. SGB Media
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January 12, 2024
Aspen Skiing Co. on lookout for ‘underground’ ski instructors
Aspen Skiing Co. is trying to enlist its instructors to help ferret out “underground teachers” who are leading their clients across the slopes of the four local ski areas. The rogue instruction violates SkiCo’s agreement with the U.S. Forest Service and breaches company policy. What wasn’t stated is that underground...
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January 11, 2024
Merrell, Saucony Parent Company Sells Shoe Brand Sperry
Wolverine Worldwide, parent company of Merrell, Saucony, Chaco, and other brands, announced it has sold boat-shoe brand Sperry to Authentic Brands Group and the Aldo Group. The deal closed on Jan. 10, and is expected to generate about $130 million in the first quarter to pay down debt. The announcement...
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January 10, 2024
REI Plans to Open 10 New Stores in 2024
REI Co-op laid out its expansion plans to open 10 new stores in 2024. Locations have been finalized for summer 2024 openings in Glendale, AZ and Rancho Mirage, CA. A store in St. George, UT is expected to open in fall 2025. The co-op will open its doors in formerly...
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January 8, 2024
Coleman, Marmot Parent To Cut Staff by 7%, Shrink Real Estate Footprint
Newell Brands, maker of Coleman, Marmot, and many other brands, announced it will cut its office roles by approximately 7% by the end of 2024. The company will also reduce its real estate footprint and pursue other cost reduction initiatives. These actions are expected to happen by the end of...
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January 8, 2024
November Shipment Report Now Available
Results for the RV Industry Association’s November 2023 survey of manufacturers found that total RV shipments ended the month with 25,160 units, an increase of 2.8% compared to the 24,470 units shipped in November 2022. To date, RV shipments are down (-38.4%) with 291,652 units. Towable RVs, led by conventional...