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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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...
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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...
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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...
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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
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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....
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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
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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
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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
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May 19, 2021
Kathmandu taps Rip Curl boss for the group’s top post
The New Zealand-based holding company has named Michael Daly, who had led the Kathmandu-owned brand Rip Curl for the last eight years, as group CEO and managing director. OBJ
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May 19, 2021
Under Armour Increases Its Minimum Pay Rate to $15 Per Hour
Under Armour announced up to a 50% increase in its minimum pay rate for hourly teammates in the United States and Canada from a minimum of $10 per hour to $15 per hour. As a result, more than 8,000 part-time and full-time teammates – approximately 90% of the Retail and...
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May 16, 2021
Leigh Perkins, Who Built Orvis Into a Lifestyle Brand, Dies at 93
In 28 years at the company’s helm, he turned a small mail-order fishing tackle shop into a sporting brand with stores all over the country. New York Times
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May 14, 2021
Authentic Brands Group Reportedly Offers $1B For Reebok. Adidas has been trying to offload Reebok since December
And now, Authentic Brands Group, owner of Sports Illustrated and athletic apparel and equipment brands like Airwalk, Prince Sports, Tapout, and Volcom, reportedly made an offer to buy Reebok for $1 billion. Front Office Sports
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May 14, 2021
Inside The Call: Canada Goose Online Growth Accelerates
Canada Goose Inc.’s revenues rose 33.7% in the fourth quarter ended on March 28. In the quarter, sales reached $208.8 million compared to Wall Street’s consensus estimate of $159 million Canadian dollars. Earnings came in at $2.9 million, or 3 cents a share, up from $2.5 million, or 2 cents,...
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May 13, 2021
YETI Sales Explode With 42% Growth And 260% Increase In Net Profits
YETI reported a net sales increase of 42% for the first-quarter (Q1) of 2021 bringing total revenue to $248 million, compared to $174 million during the same period last year. Net profit increased from $8.5 million in Q1 2020 to $30.5 million this year. The stellar results represent the highest...
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May 12, 2021
Merrell, Saucony Lead the Way for Wolverine Even as Overall Sales Fall Short of Expectations
For the three months ended April 3, revenues rose 16.3% to $510.7 million, compared with analysts’ expectations of $511.8 million. By brand, sales at Merrell improved nearly 25%, while Saucony surged close to 60%. Footwear News
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May 11, 2021
Record RV Sales Spur Demand For New, Rehabbed RV Parks
The National Association of RV Parks and Campgrounds estimates more than 53,000 new RV sites will be constructed across the nation in 2021. The Sunshine State has recently seen the addition of 19 new RV resorts, along with more than 20 park expansions. That has brought to a total of...
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May 11, 2021
Jimmy Chin’s Plan to Make the Outdoors More Inclusive
The North Face’s new Explore Fund Council, led by Jimmy Chin and Lena Waithe, has big plans—and a big budget—to make the outdoors more inclusive. Outside
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May 10, 2021
TSG Consumer Partners to Sell Stake in Nuun to Nestlé Health Science
TSG Consumer Partners (“TSG”), a leading private equity firm, today announced that its partner company, Nuun (the “Company”), an innovative hydration supplement brand, has entered into an agreement to be acquired by Nestlé Health Science. Businesswire
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May 7, 2021
Authentic Brands Group and SPARC to Acquire Eddie Bauer
Authentic Brands Group, LLC, a marketing and entertainment company, and SPARC Group, LLC, a retail enterprise, announced a definitive agreement to purchase Eddie Bauer, the iconic American outdoor brand, from PSEB Group. ABG will own Eddie Bauer’s intellectual property and the brand’s core operating business will become a part of...
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May 6, 2021
GoPro’s First-Quarter Sales Surge 71 Percent
Revenue for Q1 2021 was $204 million, compared to $119 million in Q1 2020. GoPro.com generated $82 million in revenue in Q1 2021, or 40% of total revenue and up 224% year-over-year. SGB Media
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May 6, 2021
IOC and Pfizer strike vaccine deal for Tokyo 2020 athletes
The British Olympic Association has been handed a boost in its bid to vaccinate all its athletes and support staff prior to the start of the Olympic Games in Tokyo in less than 12 weeks’ time. Under a deal struck between the International Olympic Committee and pharmaceutical giant Pfizer, vaccines...
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May 5, 2021
GCI Outdoor Acquired By MacNeill Pride Group
MPG, a portfolio company of Centre Partners, is a designer and manufacturer of outdoor products and sporting goods. Its brands include ORCA, PrideSports, Champ, Pride Golf Tee, and Professional Tee System. SGB Media
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May 5, 2021
GCI Outdoor Acquired By MacNeill Pride Group
MacNeill Pride Group (MPG) has acquired GCI Outdoor (GCI), the designer of portable outdoor recreation equipment. GCI’s product range includes portable camping chairs, camp kitchens, waterside chairs and recliners, and other outdoor gear. SGB Media
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May 5, 2021
Oura Brings In $100M in Funding
Oura Health announced Tuesday that it has raised $100 million in Series C funding, bringing the company’s total funds to $148.3 million. The wearable fitness manufacturer produces the Oura Ring, a sleep and activity tracker you can slide on your finger. More than 500,000 have been sold. Front Office News
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May 4, 2021
Camping World (CWH) Surpasses Q1 Earnings and Revenue Estimates
Camping World, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $1.56 billion for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 22.53%. This compares to year-ago revenues of $1.03 billion. The company has topped consensus revenue estimates four times over the last...