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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December 3, 2020
Amazon and YETI File Joint Lawsuit Against Counterfeiters
Amazon and YETI Coolers, LLC. jointly filed a lawsuit against two US-based individuals, Michael White and Karen White of San Diego, California, for counterfeiting YETI’s products. The defendants attempted to offer the infringing products in Amazon’s store, violating Amazon’s policies, YETI’s intellectual property rights, and the law. Amazon closed their...
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December 1, 2020
RV Shipments Projected to Eclipse 500,000 Units in 2021
Wholesale RV shipments are forecasted to gain nearly 20% to 502,582 units in 2021 after totaling 423,628 units in 2020. The new projection sees total shipments ranging between 490,300 and 515,400 units with the most likely year-end total reaching 502,582 units by the end of next year, an 18.7% increase...
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December 1, 2020
Surfline, Surfing’s Biggest Media Platform, Drops Into Massive Pile of Cash
A deep-pocketed venture capital firm, The Chernin Group, just plunked $30 million into Surfline, a media company that focuses on surfing coverage and live wave and weather forecasts for surfers. The money will be used in part to improve Surfline's technology arm, which powers the proprietary swell and weather modeling...
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November 25, 2020
Biden taps John Kerry for presidential climate envoy
John Kerry's first big task as climate czar will be helping the U.S. rejoin the Paris Climate Agreement, which Kerry himself helped architect. Another important task is rolling back dozens of anti-environmental regulations enacted by the Trump administration over the last four years, including many that reduced limits on fossil...
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November 25, 2020
Dick’s SG To Test New Outdoor Concept
Dick’s Sporting Goods confirmed it will be testing a new outdoors-themed concept, called Public Lands, with two locations set to open in former Field & Stream stores in 2021. The company plans to test the Public Lands concept with one opening planned for August 2021 and the second for October....
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November 24, 2020
Dick’s Earnings and Sales Blast Past Forecasts, Names New CEO
Dick’s Sporting Goods announced that its board of directors unanimously elected president Lauren Hobart to the post of CEO, effective Feb. 1. Dick’s also posted stronger-than-anticipated quarter: For the three months ended Oct. 31, it logged profits of $182.2 million, or earnings of $2.01 per share, compared with the prior...
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November 24, 2020
Athleta’s Q3 Sales Jump 35 Percent
Net sales were flat year-over-year at $4.0 billion, above Wall Street’s consensus estimate of $3.80 billion. The performance reflected a 61% increase in online sales, offset by a 20% decline in store sales. Notably, 40% of the company’s sales were online in the third quarter. Athleta operated 198 stores at...
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November 20, 2020
The Backcountry trademark fiasco, one year later
One year after The Colorado Sun broke a huge story that became one of the year’s biggest scandals in the outdoor industry, SNEWS followed up with some of the affected companies to see if the online retailer Backcountry.com has made good on its promises.
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November 20, 2020
How COVID-19 Could Actually Be Good for Skiing
Resort executives are warning customers that skiing will be different this season, with the coronavirus pandemic and ensuing restrictions reminding skiers of that. Outside
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November 16, 2020
‘Wall Street Journal highlights the rise of ‘Covid Campers’
After months of living under work-from-home measures and travel restrictions, many cabin-feverish Americans are looking for safe ways to work outside their house and see new places, too. They are turning to “Covid Campers”: specially fitted recreational vehicles – or retrofitted existing vehicles – that offer the comforts of home...
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November 16, 2020
RV’ing it across the country while running a business
Three productivity rules that allow this business owner to do it. Entrepreneur
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November 16, 2020
2020 SNEWS Retailer Survey results, part 1: Sales volume
172 independent retailers across the country responded to this year's annual survey. This is part one of a multi-part series. SNEWS
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November 16, 2020
National Park Service faces $270M wrongful death claim after incident at Arches National Park
The family of a women's rights activist from Uganda has filed a more than $270 million wrongful death and personal injury claim against the National Park Service after she was decapitated by an unsecured gate at Utah's Arches National Park. USA Today
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November 16, 2020
Gregory’s Q3 revenues slide 13 percent, High Sierra’s tumble
Samsonite International S.A. reported sales on a currency-neutral basis were down 13 percent for its Gregory brand and off 70.2 percent at High Sierra. On a reported basis, Gregory’s sales reached $15.9 million against $18.0 million, down 11.7 percent. High Sierra’s were down on a reported basis to $4.5 million from...
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November 16, 2020
Emerald appoints Hervé Sedky as President and Chief Executive Officer
Sedky brings three decades of experience including, most recently, six years as President of Reed Exhibitions Americas. Before that, he was an executive for 20-years at the American Express Company, where he held the title of Senior Vice President and General Manager of American Express Business Travel.
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November 16, 2020
Lululemon to sell Mirror devices in stores, add community features
After acquiring the company over the summer, Lululemon will now offer Mirror devices at its stores across the U.S., beginning with 18 stores this holiday season. The athletics retailer is also introducing a range of new engagement features for the tech, including letting users turn on a built-in camera to...
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November 11, 2020
What a Biden presidency means for the outdoor industry
With a shift in executive powers nearing, we will soon see big changes that could have great effects on the environment, the outdoors and the recreation economy. Read more on Forbes.
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November 9, 2020
RV and boat stocks fall out of favor on vaccine development
Investors are backing away from some outdoor camping, recreational vehicle and boating stocks after Pfizer announced 90% efficacy with its COVID-19 vaccine in a market-rattling development.
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November 9, 2020
VF acquires streetwear brand Supreme
The parent company of The North Face has announced plans to add the direct-to-consumer streetwear company to its portfolio of brands. Read more on SNEWS.
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November 5, 2020
Wolverine Eyes Market Share Gains At Saucony And Merrell Amid Pandemic
In the third quarter ended Sept. 26, revenues declined 14.1% to $493.1 million due to the pandemic’s ongoing impact. On a constant-currency basis, revenue was down 14.6%. Net earnings fell 55.3% to $21.7 million. Reported operating margin was 8.6% compared to 11.9% in the prior year. Adjusted operating margin was...
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November 5, 2020
Yeti Q3 Sales Jump 29%
YETI Holdings, Inc. announced its financial results for the third quarter ended September 26, 2020. Net sales increased 29% to $294.6 million, compared to $229.1 million during the same period last year. Gross profit increased 45% to $174.0 million, or 59.1% of net sales, compared to $120.1 million, or 52.4%...
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November 4, 2020
Fitbit’s Q3 Revenues Expand 5 Percent
Fitbit Inc., which reached an agreement to be acquired by Google, reduced its loss in the third quarter as sales grew 4.8%. Revenue reached $363.9 million against $347.2 million a year ago. The net loss shrunk to $54.5 million, or 20 cents a share, from $51.9 million, or 52 cents,...
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November 3, 2020
The 50 Best Places to Work in 2020
Work life got turned upside down this year, and many people are just thankful they have any job at all. But some companies have gone above and beyond to not just survive, but thrive. Outside lists the 50 places which topped the list.
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November 3, 2020
Ski Area Execs Optimistic Heading to Winter 20/21
If the summer is any indication of demand for outdoor recreation, ski areas will be very busy this upcoming season. This is the general consensus of ski area executives who participated in an Oct. 22, Zoom media briefing hosted by the North American Snowsports Journalists Association. Read more on Inside...
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November 2, 2020
Camping World Holdings crushes estimates, initiates stock repurchase program
The company earned $1.44 per diluted share, while analyst average estimates were $1.10 per share. For the three month period ended Sept. 30, 2020, Camping World said its total new and used unit sales combined to increase by 18%. Total revenue increased by 21% compared to the prior year period....