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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 10, 2024
Vail Resorts’ Q3 Results Miss Expectations, Guidance Lowered
Vail Resorts, Inc. reported earnings and sales for its fiscal third quarter ended April 30, missed Wall Street expectations due to a “combination of unfavorable conditions and broader industry normalization post-COVID following record visitation” at U.S. ski resorts during the 2022/23 ski season.” Skier visits slid 3.2 percent in the...
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June 3, 2024
Washington State Parks wants to limit campground stays to 10 days
If you travel with your RV to the Pacific Northwest, a new state proposal could affect you. Washington State Parks want to cut how long you can stay in the park system. The numbers don’t seem to add up with many other public campground systems. Under Washington’s current policy, guests...
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May 28, 2024
April RV Shipments Up 9.5%
Results for the RV Industry Association (RVIA)’s April 2024 survey of manufacturers found that total RV shipments ended the month with 34,197 units, an increase of 9.5% compared to the 31,216 units shipped in April 2023. Towable RVs, led by conventional travel trailers, ended the month up 14.2% from last April with...
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May 21, 2024
Arc’teryx Drives Revenue Beat for Amer Sports in Q1
Amer Sports, Inc., which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 13 percent revenue increase in Q1 to $1.2 billion. Net income was $7 million, down from $19 million in Q1 the prior year. Diluted earnings per share was 1 cent compared to $5 cents the prior...
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May 21, 2024
Report: Western Winter Resorts Sees Disappointing End to Season
DestiMetrics has released its season-end assessment of the Winter 2023-24 season, describing the findings as a famine-to-feast snowfall season that, coupled with stubbornly high inflation and interest rates, led to declines in winter lodging occupancy across 17 western mountain resorts in seven states for the season. DM said occupancy struggled...
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May 21, 2024
In Unprecedented Decision, Colorado’s Highest Court Takes Aim at Ski Resort Liability
A decision that just came down from the Colorado Supreme Court has the potential to disrupt the state’s ski industry. The seven justices of the state’s highest court ruled 5-2 that the broad liability waivers we all sign when we purchase our lift tickets don’t hold ski resorts immune from...
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May 19, 2024
REI Union Chicago members walk off job during sale to protest contract negotiations
Members of REI Union Chicago walked off the job in the middle of REI's Anniversary Sale to protest after the company reportedly failed to negotiate a contract in good faith. The protest was held Saturday morning and those in attendance included union members, elected officials and other leaders/workers from the Chicago area. USA...
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May 17, 2024
Patagonia Prevails in Nordstrom Lawsuit
Patagonia settled a counterfeiting lawsuit on May 15 with Nordstrom after filing the accusation against the retailer in federal court on May 30, 2023. The suit alleged that Nordstrom sold “thousands of counterfeit Patagonia sweatshirts and t-shirts” through its Nordstrom Rack stores, in the complaint filed in the U.S. District Court...
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May 16, 2024
Yeti Discloses Mystery Ranch Acquisition Price
Yeti acquired Mystery Ranch, known for its durable load-bearing backpacks, bags, and pack accessories, for $36.2 million. The deal closed on February 2. Yeti also acquired Butter Pat Industries, a manufacturer of cast iron cookware, in the first quarter. In the first-quarter earnings call last week, Matt Reintjes, Yeti’s president and...
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May 15, 2024
REI Workers Say Union Effort Has Prompted A Disciplinary Crackdown
Employers are free to punish workers for violating company policy, but not with the intention of ousting organizers or chilling a union drive. Whether such discipline is legal often boils down to whether or not it was meted out consistently to other workers in the past. REI denies it’s trying to...
