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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October 5, 2023
Vista Outdoor Announces Name for Outdoor Products Segment
Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced the name and identity of its Outdoor Products segment following a planned separation. Outdoor Products will be named Revelyst, Inc., and...
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October 4, 2023
Hydro Flask, Osprey Parent Sees Flattish Outdoor Segment Sales In Fiscal Q2
Helen of Troy reported sales in its Home & Outdoor segment, including OXO, Hydro Flask and Osprey eased 0.2 percent in the fiscal second quarter ending August 31, to $240.0 million. Organic sales were off 0.5 percent primarily due to a brick-and-mortar sales decline in the insulated beverage category, lower...
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October 2, 2023
SEC Charges Newell Brands, Former CEO with Misleading Investors
Newell Brands has agreed to pay a civil penalty of $12.5 million to the U.S. Securities and Exchange Commission after the SEC charged the company and former CEO Michael Polk with misleading investors about sales performance. The Daily Outdoor Retail
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October 2, 2023
Buyer For Salt Life Approaches Delta Apparel
The parent of Salt Life, Delta Apparel Inc., said Monday it received an offer to buy its ocean-inspired brand. The company said details on the unsolicited offer will not be disclosed unless its board accepts a deal or has completed a full review of its options. Baird is serving as...
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September 28, 2023
Vail Resorts Posts Strong FY Mountain Revenue Growth as Skier Visits Grow 12 Percent
Vail Resorts, Inc. reported total fiscal 2023 net revenue increased 14.4 percent to $2.89 billion for the period ended July 31. SGB
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September 26, 2023
DICK’S to Hire 8,600 Seasonal Teammates for Holiday Shopping Season
DICK’S Sporting Goods announced that it plans to hire 8,600 seasonal teammates for the 2023 holiday season. The sixth-annual “National Signing Day” on October 3 will kick off holiday recruiting efforts for positions at DICK’S Sporting Goods, Public Lands, DICK’S House of Sport, and Going, Going, Gone! stores across the...
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September 25, 2023
Dick’s to Shutter Most Moosejaw Retail Stores
Dick’s Sporting Goods is closing 11 of 14 of its Moosejaw stores just six months after acquiring the outdoor retailer from Walmart. The stores are scheduled to close in February 2024, including Moosejaw’s headquarters in Madison Heights, Michigan, the Detroit Free Press reported. The move is part of Dick’s strategy...
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September 22, 2023
Denver’s closest ski area sold to new owners for ‘undisclosed’ price
Ski industry media reports that Clear Creek County's Echo Mountain has been sold for an undisclosed amount to Jogan Inc., LLC. This follows an acquisition of the spot by Minnesota-based Burwell Enterprises in 2016 for $3.78 million. Denver Gazette
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September 20, 2023
KMD Sees Rip Curl Post Solid FY Growth while Oboz Sales Jump 62 Percent
KMD Brands Limited, the parent company to the Rip Curl, Oboz and Kathmandu brands, reported it had achieved record sales of over NZ$1.1 billion dollars in the fiscal year ended July 31, its first year of uninterrupted trade post-pandemic. Group wholesale sales growth was up 11 percent for the year...
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September 18, 2023
Here’s How Surfers Can Showcase Their Sponsors at the Paris Olympics
The International Olympic Committee goes through great lengths to ensure the maximum visibility for their sponsors - and that said visibility is not blurred by competing athlete sponsors. In order to guarantee their partners that competing brands will not steal the limelight, they come up with a comprehensive set of...
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September 14, 2023
This Property Executive Looks To Turn Recreational Vehicle Demand Into REIT Storage Powerhouse
Gary Wojtaszek came out of retirement to accomplish something he has done before: Grow a company in an emerging type of real estate into a multibillion-dollar powerhouse. But this time, he wants to do it by tapping a lifestyle trend surging across America. Wojtaszek retired from data center operator CyrusOne...
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September 13, 2023
Big Bear Mountain Resort Receives $12M in Upgrades for Winter ‘23/24
Southern California’s year-round home for outdoor adventure is investing over $12 million across its three mountains – Snow Valley, Snow Summit, and Bear Mountain – to improve existing infrastructure, provide additional amenities, and enhance the guest experience during the '23/24 season. The capital improvements, which include multiple base area renovations,...
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September 12, 2023
Workers Unionizing at Vertical Endeavors
Workers at Vertical Endeavors are forming a union, with workers having signed and submitted cards to the National Labor Relations Board to unionize with the United Food and Commercial Workers. The stated areas of focus in the unionization effort are “livable wages, better working conditions, and…a seat at the table...
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September 7, 2023
Surfline Names Ross Garrett CEO
Surfline\Wavetrak Inc, the leading provider of surf forecasting and video experiences, today announced that Ross Garrett has been appointed as Chief Executive Officer (CEO), succeeding Kyle Laughlin, who stepped down from the position. Ross Garrett previously served the company for nine impactful years from 2011 to 2020, holding various key...
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September 6, 2023
EXEC: Amer Sports Files Confidentially to Go Public
Amer Sports, the parent of Salomon, Wilson, Arc’teryx, and other sports brands, filed confidentially for a U.S. initial public offering (IPO) that could value the group as high as $10 billion. The offering would come as Amer Sports’ business has seen accelerated growth, driven by Arc’teryx and Salomon and in...
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September 6, 2023
Netflix co-founder Reed Hastings is new majority owner of Powder Mountain following $100 million investment
Just months after buying into a minority ownership position of Utah’s Powder Mountain Resort, Netflix co-founder and longtime CEO Reed Hastings has ascended to majority owner of the facility by way of a new $100 million investment announced Wednesday. Back in April, Hastings bought a minority interest in the ski...
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September 5, 2023
Life Time Unveils Company’s First Ground-Up Pickleball Club in Chanhassen, Minnesota
As pickleball continues its explosive growth trajectory, Life Time announced the groundbreaking of Life Time Pickleball Chanhassen, the Company's first ground-up pickleball location in the country. Life Time Chanhassen Pickleball is expected to be completed in early 2024. The 25,000-square-foot building, adjacent to the Life Time Chanhassen, Minn. athletic country club, will feature...
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September 5, 2023
Arc’teryx Looks to Block Registration of adidas’ TERREX Trademark
A Canadian trademark scuffle that pits two big names in the apparel/accessories space against one another seems to be making its way into the United States. On the heels of Arc’teryx-owner Amer Sports Canada Inc. filing a trademark lawsuit against adidas’ Canadian subsidiary early this year over the German sportswear...
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September 5, 2023
Vista Outdoor makes public filing to spinoff Outdoor Products brands
Vista Outdoor made a public filing with the Security and Exchange Commission Tuesday, revealing details of its plan to spinoff its outdoor sports brands into a new company separate from its ammunition business. The company said it expects to complete the spin-off in the fourth quarter of this calendar year....
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September 5, 2023
Brunswick Enters Electric-Foiling Surfboard Market with Acquisition
Brunswick Corporation acquired Fliteboard to enhance its electrification and shared-access strategies. Fliteboard, which combines hydrofoils and electric propulsion on the water, allows Brunswick to enter the electric-foiling surfboard market and presents the opportunity for technological, manufacturing, commercial, and consumer synergies with its existing portfolio. SGB Media
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September 1, 2023
Authentic Brands’ Purchase of Boardriders Officially Closes
Boardriders’ sale to Authentic Brands Group officially closed Friday in a deal that shifts ownership of some of the industry’s largest core surf and skate brands to a new parent. Financial terms of the deal were not disclosed. However, a report from Moody’s earlier this year pegged the purchase price...
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August 30, 2023
MasterCraft Boat Holdings Sees Worsening Boat Trends in Fiscal Q4
MasterCraft Boat Holdings, Inc. reported consolidated net sales of $166.6 million for the fiscal fourth quarter ended June 30, down 15.5 percent from the fourth quarter of fiscal 2022. The company said the net sales decrease reflected decreased sales volumes, less favorable model mix and increased dealer incentives, partially offset...
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August 22, 2023
Alterra Mountain Company Closes on Schweitzer Acquisition
Alterra Mountain Company closed on purchasing Schweitzer Mountain Resort in Idaho, bringing the company’s year-round mountain destinations to 17 in North America, which includes the world’s largest heli-ski operation. Alterra said that Tom Chasse will stay on as president and COO of Schweitzer and oversee daily operations while leading the...
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August 16, 2023
Gregory, High Sierra Parent Company Surges in Q2 as Travel Returns Across Globe
Samsonite International S.A., parent to the Gregory, High Sierra, Tumi, Kamiliant, ebags, Lipault, and Hartmann brands, among others, reported that net sales for the three months ended June 30 were $924.1 million, an increase of 36.1 percent in constant-currency terms when compared to the second quarter of 2022. Compared to...
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August 14, 2023
Alliance RV Buys Land to Support Growth
Alliance RV said it has bought an additional 37 contiguous acres to its existing Elkhart campus in preparation for future growth. With the addition of a new production line that is scheduled to be complete in Q4, the company said it will have over 800,000 total square feet under roof by...