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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August 5, 2021
Behind the rise in branded outdoor retail stores
Outside looks at why outdoor brands are opening up new, in-person retail locations—even after the pandemic prompted a surge in online sales.
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August 5, 2021
GoPro’s Q2 Revenues Jump 86 Percent
Sales jumped 86% and GoPro subscribers were up 211%. Revenue for Q2 2021 was $250 million, compared to $134 million in Q2 2020, up 86% year-over-year; Q2 2021 GAAP net income was $17 million, or $0.10 per share, compared to a net loss of $51 million or ($0.34) per share...
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August 5, 2021
Levi Strauss & Co. to Acquire Activewear Brand Beyond Yoga
The acquisition will bring the athletic and lifestyle apparel brand Beyond Yoga brand to more consumers through direct-to-consumer expansion, including brick-and-mortar retail, gender and category growth, and further develop its wholesale footprint with premium partners. With this transaction, LS&Co. enters the activewear category. Businesswire
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August 4, 2021
Froggs Toggs Acquires Insights Outdoors
The acquisition of the hunting and fishing gear company enhances the Froggs Toggs’ existing product lines by expanding its current offerings to add hunting and fishing bags and packs, which Insights Outdoors are known for. SGB Media
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August 3, 2021
Wolverine Acquires Sweaty Betty for $410 Million as It Looks to Expand Digital and Reach More Women
Wolverine World Wide is furthering its goal to expand its digital presence with the acquisition of fitness lifestyle brand Sweaty Betty. The move represents Wolverine’s commitment to e-commerce, which also gives Wolverine a stake in the competitive women’s activewear category. FN
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August 3, 2021
How outdoor sales reps are reinventing their businesses
As sales reps return to in-person work, bespoke, private showrooms have become the new norm. People want to be able to see and feel the product, things buyers just can’t do virtually or through a catalog, so sales reps are drumming up ways to virtually present their products for a...
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August 2, 2021
Columbia Sportswear Raises Outlook On Strong First Quarter Profits
Columbia Sportswear Company’s second-quarter 2021 net sales increased 79% to $566.4 million, compared to second quarter 2020. Second-quarter 2021 operating income of $35.0 million, or 6.2% of net sales, compared to a second-quarter 2020 operating loss of $70.3 million. SGB Media
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July 31, 2021
The Outdoor Market Is Missing Out on Hundreds of Millions of Dollars Worth of Business With Women: Here’s Why
There are hundreds of millions of dollars worth of business being left on the table from women buyers, so whoever is not appealing that customer base is missing a huge opportunity. Getting more women outdoor footwear consumers is simple - make women’s-specific shoes and make them cute. Those are the...
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July 31, 2021
IOC acknowledge current transgender guidelines out of date with new framework to be revealed
International Olympic Committee (IOC) medical and scientific director Richard Budgett has acknowledged current guidelines around transgender athletes are no longer fit for purpose, with the organisation set to publish an updated framework to guide International Federations in devising their own rules. Inside The Games
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July 30, 2021
Emerald Reports First Quarter 2021 Losses
For the first quarter of 2021, Emerald reported revenues of $12.9 million compared to revenues of $99.7 million for the first quarter of 2020, a decrease of $86.8 million, or 87.1% due to the COVID-19 crisis. The company owns Outdoor Retailer, Surf Expo and many others, See all the numbers...
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July 30, 2021
Newell’s Outdoor & Recreation Segment Delivers 28 Percent Growth In Q2
Newell Brands Inc. reported its Outdoor & Recreation segment generated net sales of $453 million in the second quarter compared with $353 million in the prior-year period, a gain of 28.3 percent. The Outdoor & Recreation segment includes Aerobed, Bubba, Campingaz, Coleman, Contigo, Marmot, Stearns, and ExOfficio. SGBMedia
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July 30, 2021
Deckers Beats on Q1 Earnings, Raises Fiscal ’22 View
Net sales surged 78.2% to $504.7 million during the quarter, and handily beat the Zacks Consensus Estimate of $398.2 million. Its HOKA ONE ONE brand net sales increased 95.5% to $213.1 million during the reported quarter. Teva brand net sales grew 65.9% to $58.5 million. Net sales for the Sanuk...
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July 29, 2021
Wolverine Sees Trends Accelerating Toward Hiking, Run And Work
Led by Merrell and Saucony, Wolverine Worldwide’s second-quarter results came in well above Wall Street estimates. In the quarter ended July 3, revenue jumped 81.0 percent to $631.9 million, topping Wall Street’s consensus estimate of $573 million. SGBMedia
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July 28, 2021
Garmin Q2 Earnings and Revenues Beat Estimates
Garmin posted revenues of $1.33 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 23.87%. This compares to year-ago revenues of $869.87 million. The company has topped consensus revenue estimates four times over the last four quarters. Yahoo Finance
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July 27, 2021
LKQ Reports Q2 2021 Revenue Rises 30.8% Year Over Year
LKQ Corp., parent company of NTP-STAG, reported second quarter revenue of $3.4 billion, up nearly 31 percent over Q2 last year. RVBusiness
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July 26, 2021
13,000 pornographic videos found: Former Colorado Mountain Club HR director charged with felony stalking and voyeurism
Eight past CMC employees have filed a formal civil complaint against the club, alleging that leadership didn’t do enough to protect them from sexual exploitation. OBJ
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July 22, 2021
Turtle Fur hits the selling block
The 39-year-old outdoor accessories brand has hired an advisory firm and is actively soliciting a strategic buyer to take it “to the next level.” OBJ
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July 20, 2021
Audio Tech Startup Resonado Labs Announces $3M in Capital
Resonado Labs, an audio technology startup that is featured on the Airstream Interstate 24X, announced today (July 20) the closing of its Series-Seed venture capital round at $3 million, bringing the total raised to date to $5.2 million including Pre-Seed funding. RVBusiness
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July 14, 2021
RVLI LLC Hires Tiffany Bischoff as New Marketing Manager
Tiffany Bischoff has recently joined the RVLI LLC. team as marketing manager. In this new role Bischoff will be responsible for all aspects of marketing and industry event management, including all distributor shows and trade events, social media platforms and distributor and dealer communications. Prior to joining RVLI, Tiffany worked as a...
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July 13, 2021
Todd Spaletto Discusses Dick’s SG’s Bold Outdoor Push
Dick’s Sporting Goods, last fall, confirmed it would launch a new retail concept, Public Lands, to explore “white space” in reaching outdoor enthusiasts. By December, outdoor industry veteran Todd Spaletto was hired to lead the project. In the coming months, the retailer plans to test the concept with two stores...
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July 12, 2021
With Recent Acquisitions, Pelican Ushers In New Era Of Paddlesports Consolidation
Just 18 months after its December 2019 acquisition of Confluence Outdoors, whose brands include Dagger, Perception, Wilderness Systems, Wave Sport, Mad River Canoe, Harmony Gear, and Boardworks, Pelican purchased Advanced Elements in June. Pelican, a 50-year veteran of the recreational paddlecraft industry, is a key player in everything from hardshell...
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July 12, 2021
A closer look at the PR feud between Liberty Oilfield and The North Face
When an oil company targeted The North Face with a tongue-in-cheek marketing campaign accusing the brand of hypocritical climate activism, it served as a reminder of the contentious—yet partially codependent—relationship between the outdoor and fossil fuel industries. OBJ
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July 9, 2021
Secondhand Sales, Re-Used Gear Sales Booming
According to Jungle Scout’s 2021 Consumer Trends Report, a quarterly study of 1,000 U.S. consumers, nearly 32% of respondents looked for pre-owned gear online, with 44% responding that they’ve purchased or sold used equipment online over the past 12 months. While 66 percent% of respondents used Amazon for their secondhand...
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July 8, 2021
Camping World invests in van-conversion company Happier Camper
Camping World Holdings Inc. said it has made a strategic investment in Los Angeles-based Happier Camper Inc., the developer of a patented modular van conversion system called Adaptiv. This partnership will deliver the Adaptiv system and technology products for van and camper conversions to nationwide Camping World SuperCenters, the company said....
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July 8, 2021
Inside The Call: Hydro Flask Recaptures Robust Growth In Q1
Hydro Flask resumed its strong growth rate in the first quarter ended May 31 after being disrupted by changing behaviors and store closures during the pandemic, according to the quarterly report of its parent, Helen of Troy. The water bottle brand also saw significant gains in market share in the...