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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November 1, 2024
California To Ban The Sale And Use Of Single-Use Propane Cylinders, For Good Reason
California has become the first state to ban the sale of single-use propane cylinders. Governor Gavin Newsom signed Senate Bill 1280 into law, which mandates that all one-pound propane canisters sold in California must be refillable or reusable beginning January 1, 2028. The bill, introduced by Senator John Laird of...
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November 1, 2024
Major ski resort announces immediate closure with impact on surrounding area: ‘We are devastated and shocked’
The oldest ski resort in the Isère — France's third-biggest mountain destination, with nearly two dozen resorts — has been forced to close due to a lack of snow. It's the largest ski resort in the northern Alps to shutter its operation amid dwindling seasonal snowfall. The French ski resort...
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October 31, 2024
GoPro plans to cut 26% workforce as part of updated restructuring plan
GoPro (NASDAQ:GPRO) said it plans to cut about 26% of its workforce, as part of an updated restructuring plan. The wearable video camera maker in August said it intended to cut 15% of its workforce from its ending second quarter headcount of 925 full-time employees. MSN
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October 30, 2024
BOA and Primaloft Lead Compass Diversified’s Q3 Active Brands Gains
Compass Diversified Inc. (CODI) reported sales grew 22.3 percent at BOA and 25.2 percent at PrimaLoft to lead the gains among its active lifestyle brands. At BOA, sales reached $45.6 million against $37.3 million a year ago. Non-GAAP adjusted EBITDA for BOA reached $17.1 million against $13.2 million a year...
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October 30, 2024
REI now a Canyon authorized service partner
Canyon Bicycles is expanding its service partner network by adding 28 REI Co-op locations. The consumer-direct brand's network already includes 66 independent bike shops in the U.S. and scores of independent service partners in Europe. All service, including frame warranty and crash replacements, will be fulfilled at Southern California, Denver, and...
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October 30, 2024
Garmin Ltd. Ups Guidance on Strong Double-Digit Q3 Growth in Fitness, Outdoor and Marine
Garmin Ltd. posted consolidated revenue of $1.59 billion for the third quarter ended September 28, a 24 percent increase compared to the prior-year third quarter. Revenue from the Fitness segment increased 31 percent to $463.9 million in the third quarter with growth across all categories led by strong demand for...
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October 30, 2024
Hipcamp Acquires BookOutdoors
Hipcamp, a leading global campsite booking company, announced the acquisition of BookOutdoors, an online travel booking platform for campgrounds, RV parks, cabins and glamping resorts. RVPro
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October 30, 2024
Outdoor Retailer Parent Trims Full-Year Guidance
Emerald Holding, Inc. slightly reduced its outlook from steps taken to discontinue some of its smaller events. The operator of Outdoor Retailer, Surf Expo, Sports Licensing & Tailgate Show, and other venues also reported improved underlying earnings in the third quarter on flat sales. SGB Media
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October 29, 2024
Idaho Ski Resort Doubles Its Real Estate With 500 Acre Acquisition
Earlier this month, Tamarack Resort, Idaho, announced that it had doubled its developable acreage by acquiring 500 acres of land contiguous to the resort. The land connects to 300 acres Tamarack acquired in 2019, meaning that, in total, the resort’s land real estate development holdings have expanded by 800 acres....
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October 29, 2024
VF Stock Surges After Q2 Sales Beat, Profit Swing
The parent company to Vans, The North Face and more brands reported that revenues for the quarter were down 6 percent to $2.8 billion, which surpassed the expectations of analysts surveyed by Yahoo Finance and represented improvement from Q1. Adjusted EPS was 60 cents compared to 63 cents in the...
