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 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...
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June 24, 2022
USWE Sports AB Acquires Giant Loop
USWE Sports AB, a publicly traded backpack company based in Malmö, Sweden, has acquired Bend-based Giant Loop LLC, a powersports brand known for its innovative off-road motorcycle soft luggage designs. The purchase agreement is scheduled to close on July 1. Inside Outdoor
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June 23, 2022
Colorado Gear Startup Matador Expands HQ and Plans to Nearly Triple Staff
Boulder, Colo.-based Matador Travel Equipment has moved into a new facility, the company announced Wednesday—four times the old HQ’s size—citing increased product demand as its market slowly shifts from travel to outdoor rec. The company’s new 8,000-square-foot facility at 1835 38th St. is open to the public. Outside Business Journal
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June 21, 2022
Clif Bar bought in $2.9 Billion deal with Mondelēz
Global snack food company Mondelēz has revealed plans to buy Clif Bar for an astonishing $2.9 billion. Trading since 1992, Clif Bar has become a global nutrition business generating in excess of $800 million in sales, some of which are routed through the cycling market via distributors. Cycling Industry
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June 13, 2022
Despite the Outdoor Participation Boom, Consumers Aren’t Looking to Spend Money — Unless Something Is on Sale
During The NPD Group’s trend breakfast Friday at Outdoor Retailer Summer in Denver, Matt Powell, the market research company’s senior sports industry adviser, cited data from a recent survey from Civic Science — a partner of NPD — to illustrate consumer behavior. The data revealed several positives for the future...
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June 9, 2022
How One Man Left His Corporate Career In New York City to Start an Outdoor Resale App
Unlike many people, however, when Kozlowski realized his life was not panning out exactly as he wanted, he decided to do something about it. He, along with his wife Erica and their newborn son Sailor, sold everything and started over. He had a business idea in mind, and, as scary...
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June 8, 2022
Turtle Fur Partners with Camano Capital
Turtle Fur, headquartered in Morrisville, Vt., announced that Seattle and Minneapolis-based investment firm Camano Capital has become the company’s majority shareholder. Turtle Fur is a manufacturer and distributor of comfort-focused headwear and accessories in the outdoor, snow sports and lifestyle markets. Inside Outdoor
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June 6, 2022
E-Bikes on Shaky Ground in National Parks Pending Environmental Review
E-bike owners can still ride on national park trails previously reserved for human-powered travel — for now. A District of Columbia federal judge ruled that the National Park Service (NPS) can keep its existing rules in place for e-bike use on trails, but must now conduct its own environmental impact...
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June 1, 2022
GoDigital Acquires Eastern Mountain Sports, Bob’s Stores
GoDigital Media Group LLC has acquired Eastern Mountain Sports (EMS), an outdoor apparel brand and retailer, and Bob’s Stores, a retailer of apparel, footwear and workwear from U.K.-based Frasers Group plc. Inside Outdoor
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May 31, 2022
Camping World to Expand National Footprint in 11 Major Markets by End of 2022
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced plans for their continued expansion of their RV sales and service network through the completion of 11 new dealership locations, in seven states, by the end of 2022. This announcement is on the heels of the acquisition...
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May 20, 2022
Outside Inc. Lays Off 15% of Staff as It Transitions to Digital
Outside Inc. told staff on Friday that it would be laying off around 15% of its 580-person workforce––between 85 to 90 people––as the bundled publisher continues its transition to a primarily digital company, the Denver Business Journal reported Friday. The media company, which is composed of 36 individual publishers including Backpacker, Ski...
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May 20, 2022
Thoughts on Outside’s Layoffs, Outdoor Media, and Adventure Journal
Anyone who is surprised by the news that Outside is reducing its stable of magazines and laying off approximately fifteen percent of its staff was not paying attention. Adventure Journal
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May 19, 2022
Dozens of Outdoor Brands Commit to Ambitious Climate Accords
The coalition of 70 Scandinavian outdoor brands aligned its membership with the Intergovernmental Panel on Climate Change’s (IPCC) global warming recommendations. SOG will now require member brands to commit to a maximum 1.5-degree C global warming target in 2022. Specifically, the brands will comply with the UNFCCC’s Race to Zero...
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May 19, 2022
Canada Goose Posts Surprise Profit In Fiscal Fourth Quarter
Total revenue increased by 6.8 percent to $223.1 million from $208.8 million. Due to a 53-week fiscal year, the current quarter ended April 3, 2022 started and concluded one week later than the comparative quarter. Using the same trading weeks as the comparative quarter in both periods, total revenue would...
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May 19, 2022
The North Face Helps Drive VF Corp. Revenue Increases in Q4, While Vans’ Sales Flatten
Shares for VF Corporation rose 3% in after market on Thursday as the company reported its fourth quarter and full year fiscal 2022 results. On Thursday, VF reported a revenue increase of 9% to $2.8 billion in the fourth quarter of 2022. VF Corp. said in a statement that revenue...
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May 16, 2022
Gregory’s Sales Decline 4 Percent In First Quarter
Samsonite International S.A. reported sales in the first quarter ended March 31 at Gregory reached $15.1 million against $15.8 million a year ago, a decline of 4.0 percent on a reported basis. Sales were flat on a currency-neutral basis. SGB Media
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May 13, 2022
Is It Time for Outdoor Businesses To Dump Facebook?
If the social platform is a virtual public square, as Mark Zukerberg has proclaimed, it’s one that’s rife with hate, lies, weaponized disinformation, and—in the virtual metaverse—a starkly anti-outdoor worldview. Now that its value as an advertising partner has changed the calculus, it’s worth asking again: Is Facebook simply too...
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May 13, 2022
New York City Climbers Are Selling NFTs to Finance a New Gym
Using revenue from NFT sales, group members say they will avoid costs incurred by other crowdsourcing platforms, such as GoFundMe or Kickstarter, which can range from 2.9 to 5 percent of the total raised. Just 4 News
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May 11, 2022
EXEC: Wolverine World Wide Sees Q1 Revenues Top Guidance
Wolverine World Wide reported revenues and operating margins in the first quarter exceeded expectations. Better-than-expected performances by Saucony and Sperry and strong international growth helped overcome shortfalls in its e-commerce operations and at Sweaty Betty. In the quarter, sales rose 20.4 percent to $614.8 million, ahead of company guidance calling...
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May 10, 2022
Mt. Hood Skibowl bans summer mountain biking after paying $10.5M in crash that paralyzed Oregon man
Mt. Hood Skibowl will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed into a signpost in the recreational area and was paralyzed from the waist down. Oregon Live
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May 9, 2022
Emerald’s Sales Bounce Back In First Quarter
Emerald Holding, Inc. reported revenues of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in revenue for the first quarter of 2021. SGB Media
