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 2, 2021
Sportsman’s Warehouse ends merger with Great Outdoors over FTC clearance concerns
Outdoor sporting goods retailer Sportsman's Warehouse Holdings Inc (SPWH.O) and Great Outdoors Group, owner of the Bass Pro Shops chain, have called off their merger deal, according to a regulatory filing on Thursday. The decision follows feedback from the U.S. Federal Trade Commission (FTC) that led the companies to believe...
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December 1, 2021
Garmin® confirms December 31 dividend payment
The Garmin Ltd. (NASDAQ: GRMN) board of directors has established December 31, 2021 as the payment date for the next dividend installment of $0.67 per share with a record date of December 15, 2021. At the 2021 annual shareholders’ meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a...
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November 22, 2021
Facemask Sales Surging, Becoming New SKU
And even though some mask restrictions might be waning, with the ongoing Delta surge many companies are still seeing sales rise. And the stigma of masks has received a facelift as well, with balaclavas and other traditional face coverings are becoming part of skiers and riders’ kits alongside skis, boots,...
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November 18, 2021
Yosemite’s largest campground shutters for years-long rehabilitation work
Three of Yosemite’s campgrounds — Tuolumne Meadows, Bridalveil Creek and Crane Flat — will be closed as they undergo extensive renovations. There will be no camping available at all three sites during the closures. Tuolumne Meadows will see the longest closure, as the National Park Service says that it will...
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November 15, 2021
The Park Service buried its own study on harassment
Despite knowing for years about widespread harassment across the agency and promising to take action, the National Park Service buried an internal study that shed new light on the problem, High Country News has confirmed. The Voices Tour Report, compiled in 2018, described how women, LGBTQ+ and Black, Indigenous and...
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November 12, 2021
Brunton sold to Wyoming locals
A Wyoming-based pair of inventors and former educators has acquired Brunton, one of the state’s oldest brands. The 127-year-old compass maker, which had most recently been a subsidiary of Sweden-based Fenix, yesterday announced the change in ownership. The new owners, Lauren and David Heerschap of Lander, Wyo., had been educators...
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November 11, 2021
YETI Reports Third Quarter 2021 Results
YETI Holdings, Inc. announced its financial results for the third quarter ended October 2, 2021. Net sales increased 23% to $362.6 million, compared to $294.6 million during the same period last year. Direct-to-consumer (“DTC”) channel net sales increased 31% to $197.1 million, compared to $150.4 million in the prior year quarter, driven...
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November 9, 2021
Grassroots launches new trade association focused on accurate sales data, advocacy, and marketing
Grassroots Outdoor Alliance, the 200-door buying group of independent outdoor retailers, this week announced a new project called Indie Outdoor, a nonprofit trade association aiming to harness the collective power of independent outdoor retailers. Outside
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November 9, 2021
Report: Outdoor Rec Industry Worth $688B in Economic Output in 2020
The U.S. Bureau of Economic Analysis on Tuesday released its annual report on the outdoor recreation’s impact on the U.S. economy today. Despite a very tumultuous year in 2020 caused by COVID-19, outdoor recreation still generated $688 billion in economic output and employed 4.3 million people, or 3 percent of...
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November 9, 2021
New report shows first decrease in outdoor industry’s economic power since 2012
The report, “Outdoor Recreation Satellite Account, U.S. and States, 2020,” measures the value of the outdoor economy at state and national levels. The report highlights a 19 percent decrease in outdoor-related GDP-add from 2019 to 2020, despite significant gains in a few key recreational activities including RVing and boating. Overall, the...