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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July 27, 2022
Garmin Q2 Sales Dragged Down By Weakness In Fitness Wearables
Garmin, Ltd. reported sales declined 6 percent in the second quarter ended June 25, pulled down by a 34 percent drop in the fitness segment. Garmin reduced its guidance for the year, with earnings being impacted by the strengthening of the U.S. dollar, high inflation, and rising interest rates. SGB...
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July 22, 2022
Thule Group’s Q2 Sales Expand 2.6 Percent
Thule Group reported earnings slipped 6.8 percent in the second quarter ended June 30 as sales grew 2.6 percent. In the second quarter of 2022, net sales amounted to SEK 3,314m (3,229), representing an increase of 2.6 percent. Adjusted for exchange rate fluctuations, net sales for the Group decreased 3.4...
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July 22, 2022
Lululemon Workers Look to Unionize D.C. Store, the First Location to Do So
A Lululemon store has started the process of organizing a union. A store in Washington, D.C. on Wednesday filed a request with the National Labor Relations Board to hold a union election. The group is looking for the company to voluntarily recognize their union, which is called the “Association of...
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July 22, 2022
Biden Has Reinstated FICOR, a Group Tasked With Growing the Outdoor Industry in the U.S.
The Federal Interagency Council of Outdoor Recreation (FICOR), whose goal was to support economic development through outdoor recreation, was reestablished in a White House signing ceremony yesterday, the Biden Administration announced. Established under President Obama, FICOR was suspended by the Trump Administration in 2020. With Thursday’s signing, FICOR again aims...
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July 19, 2022
REI Path Ahead Ventures Launches Navigate Accelerator Program
REI Path Ahead Ventures is launching its Navigate accelerator program, with an inaugural cohort of six companies. Path Ahead Ventures partners with founders of color as they further their growth in the outdoor industry. The 16-week Navigate program will bring founders together in-person and online to provide funding, mentorship, curated programming...
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July 13, 2022
Patagonia to pay $55,000 after allegedly violating Seattle scheduling law
Outdoor retailer Patagonia will pay nearly $55,000 to current and former Seattle retail employees after allegedly failing to post their schedules with enough notice. Seattle’s secure scheduling law requires large retail and food service companies to post hourly employees’ schedules at least two weeks in advance, pay employees when the company...
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July 6, 2022
Vista Outdoor To Acquire Fox Racing
Vista Outdoor, Inc. announced it had entered into a definitive agreement to acquire Irvine, CA.-based Fox Racing, the manufacturer of motocross, mountain bike and lifestyle-related gear, at a purchase price of $540 million, with the potential for an additional $50 million earnout based on the company’s financial performance. SGB Media
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July 5, 2022
Jack Wolfskin acquires its distributor in Poland
Leading outdoor camping, clothing and gear brand Jack Wolfskin has announced the acquisition of its long-time distributor in Poland, FAM Sp. K. The newly formed entity will be known as Jack Wolfskin Poland Sp. z.o.o. and is based in Gynia near Gdansk – Jack Wolfskin claims it will serve as a...
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July 1, 2022
Patagonia, REI Co-op and The North Face React to Supreme Court Limiting EPA’s Ability to Regulate Carbon Emissions
Today, in a 6-3 vote — with the conservatives in the majority and liberals dissenting — the U.S. Supreme Court stated Congress, not the Environmental Protection Agency, has the authority to cap carbon dioxide emissions levels, which would result in a transition away from coal-fired plants and toward cleaner energy...
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June 24, 2022
A California REI Store is Looking to Unionize, Amid an Uptick in Retail Unions
Another REI store has started the process of organizing a union. A store in Berkeley, Calif. on Tuesday filed a request with the National Labor Relations Board to hold a union election. The group is looking for the company to voluntarily recognize them through the United Food and Commercial Workers Local...