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.
-
July 8, 2021
Oros Outerwear Gets $14.5 Million in Funding
Oros, a Portland, Ore.-based technical outerwear brand, has received $14.5 million in a Series A funding round led by Elizabeth Street Ventures and Enlightenment Capital. Also participating in the financing are entrepreneur Thomas Tull, the chairman of Snap Inc.; Michael Lynton, and Brandon Shainfeld, among others. The brand is known for using...
-
July 3, 2021
The North Face sunsets FutureLight logo following legal dispute
The North Face announced it will discontinue the logo the brand had used for its FutureLight apparel technology after an artist named Futura filed a trademark infringement lawsuit against the company. The artist claimed that the apparel technology’s logo resembled one of his atom designs - his “signature atomic element”...
-
July 2, 2021
What Eagle Creek’s Shutdown Spells For The Travel Luggage And Adventure Travel Markets
While VF Corp.’s decision to shutter travel luggage brand Eagle Creek this fall came as a blow to its employees and its founders for the adventure travel category, it’s hardly a death knell for the category or the adventure travel market. Instead, it begs the question: Who benefits from the...
-
July 1, 2021
Anchorage RV rental company ordered to pay $110,000 over unfair treatment of tourists
The state attorney general’s office filed the civil action against Alaska Motor Home Inc. in 2019 because allegedly, the company’s owners took advantage of dozens of tourists in 2017 and 2018, charging exorbitant fees or canceling on short notice to rent vehicles to customers willing to pay higher prices. Anchorage...
-
June 25, 2021
Renewal Workshop Closes $6 Million Round to Grow Apparel Resale
The round includes Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Gratitude Railroad, Portland Seed Fund, Fashion for Good, DOEN, Mosiaco Management, Mistletoe, and Volta Circle. The Renewal Workshop is a provider of impact driven white-labeled resale and renewal solutions to enable apparel and textile brands to compete in the...
-
June 23, 2021
Grassroots Outdoor Alliance disavows pro deal platform ExpertVoice
In a position paper citing corruption and deception at the pro-deal service ExpertVoice, Grassroots advised its retail members to rethink their relationship with brands participating in the platform. OBJ
-
June 23, 2021
Green Theme Technologies Raises $3.5 Million in Series B Financing
Green Theme Technologies (GTT), a leader in creating sustainable solutions for the textile and fashion industries, announced the first close of its series B financing, resulted in hitting is goal of $3.5 million. Inside Outdoor
-
June 22, 2021
As offices shut down for Covid, workers bought vans and hit the road — and some don’t want to return
As vaccines roll out and states start to open up, some workers are returning to their offices, but for many of those who’ve adopted the van life, there is no end in sight to their life on the road. CNBC
-
June 21, 2021
In Mountain Towns, Locals Brace for Fire Threat From Adventure Travelers
In Mammoth Lakes, California, a town in the Eastern Sierra known for its skiing and outdoor recreation, tourism has been booming. The town’s residents are terrified. Adventure Journal
-
June 16, 2021
OIA Announces Board Of Director Election Results
The Outdoor Industry Association (OIA) Board of Directors annual election ended on May 28, 2021, with the Association’s membership electing two new and three returning Board members. Find out who is new, returning and leaving at the link.
-
June 11, 2021
Alterra Mountain Company Names New President & COO of Mammoth Mountain & June Mountain in California
Ron Cohen, current President and COO of Squaw Valley Alpine Meadows, will return to Mammoth Mountain. June Mountain is the new President and COO effective immediately. Businesswire
-
June 10, 2021
Haig Report Shows Q1 Profits are Booming for Dealerships
Haig Partners LLC,a boutique investment banking firm and the leading buy-sell advisory firm to owners of higher value auto, heavy truck, and RV dealerships, recently released its Q1 2021 Haig Report. Dealership profits jumped 197% in Q1 2021 compared to Q1 2020, reaching record-high levels. Average blue-sky value per rooftop has...
-
June 9, 2021
Eagle Creek to cease operations by late 2021
Eagle Creek, the luggage and backpack brand founded in 1975 and currently owned by VF Corporation, is slated to cease business operations by the end of the year. VF will discontinue the brand due to strategic and financial concerns. OBJ
-
June 9, 2021
Yellowstone debuts electric driverless shuttle, ‘T.E.D.D.Y’
Each shuttle will have an attendant. Although they are driverless, attendants can take over operations at any time. According to the park, the goal is to understand how automated vehicle shuttle technology can be used in parks and how visitors perceive and engage these services. The data from this pilot...
-
June 8, 2021
Sporting Goods Giants Continue Seeing Record Numbers
Academy Sports reported its Q1 earnings Tuesday, highlighting a recent string of record-breaking quarters in the sporting goods industry. The company saw its highest-ever gross margin, increasing 89.2% to $563.7 million. Net sales jumped 39.1% year-over-year to $1.58 billion. But Academy Sports isn’t the only sporting goods store trending upward. Front Office...
-
June 7, 2021
Wolverine Worldwide Expects Second Quarter 2021 Revenue To Exceed Second Quarter 2019
Wolverine World Wide Inc. said it expects second-quarter 2021 revenue to exceed 2019 levels due to better-than-expected trends across nearly all brands in its portfolio led by Merrell, Saucony and Sperry. SGBMedia
-
June 7, 2021
Vail Resorts Reports Fiscal 2021 Third Quarter Results, Early Season Pass Sales Results, and Provides Fiscal 2021 Outlook
Vail Resorts, Inc. (NYSE: MTN) today reported results for the third quarter of fiscal 2021 ended April 30, 2021, which were negatively impacted by COVID-19 and related limitations and restrictions, reported results of early season pass sales for the 2021/2022 North American ski season, and provided its outlook for the fiscal...
-
June 2, 2021
Sportsman’s Warehouse’s Q1 Comps Climb 24 Percent
Net sales were $327.0 million, an increase of $80.2 million, or 32.5% compared to the first quarter of fiscal year 2020. Gross profit was $104.0 million or 31.8% of net sales, compared to $74.8 million or 30.3% in the comparable prior-year period. Net income was $10.5 million compared to a...
-
June 1, 2021
Alterra Mountain Company Names Jared Smith as President
DENVER--(BUSINESS WIRE)--Alterra Mountain Company announced today that Jared Smith has been selected as President of the mountain destination company, effective June 7, 2021. Smith will be responsible for operating and further developing the company’s Resort Division for its 15 mountain destinations. Smith’s team will focus on the delivery of high-quality guest...
-
June 1, 2021
Clarus to Buy Australia’s Rhino-Rack for $198 Million
Clarus Corp. on Tuesday said it agreed to buy Rhino-Rack Pty. Ltd., an Australia-based maker of automotive roof racks and other accessories, for about $198 million in cash and stock. The Salt Lake City, Utah, maker of outdoor equipment and lifestyle products said the consideration includes $150 million in cash and...
-
May 26, 2021
Vista Outdoor acquires two companies, including an e-bike brand
Vista Outdoor, the parent company of CamelBak, Giro, Camp Chef, and others, has acquired e-bike maker QuietKat and the “hunt athleisure” brand Venor, adding to its portfolio of outdoor companies. OBJ
-
May 26, 2021
Co-op Studios: REI Takes Center Stage With New Production Company for Movies, Podcasts
REI Co-op announced it will launch an in-house content arm to produce films, podcasts, and editorial programs. The co-op already produces a quarterly magazine, storytelling podcast, and myriad how-to videos. But with the debut of Co-op Studios, the outdoor retail giant officially stakes its business interests in the world of multimedia entertainment....
-
May 25, 2021
We Need More Campsites
A shortage of places to camp is hurting the environment and limiting diversity in the outdoors. But there are some innovative solutions on the table. Outside
-
May 20, 2021
Alterra Mountain Company Names New President and COO of Solitude Mountain Resort
Alterra Mountain Company names Amber Broadaway as the new president and COO of Solitude Mountain Resort. Amber has served as VP, Guest Services and Safety, for Sugarbush Resort in Vermont and will move into the position effective June 1, 2021. Shop Eat Surf
-
May 19, 2021
The Best Hipcamp for Every National Park
From Maine to Alaska, Outside has done all the research on where to camp in style while visiting America’s best idea this summer. Outside