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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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May 11, 2023
Solo Brands acquires TerraFlame
Adding to its portfolio of direct-to-consumer companies, Solo Brands on Thursday announced it acquired TerraFlame for an undisclosed amount. TerraFlame’s team will become a part of Solo Brands, including CEO Lenny Vainberg, who will transition to the role of TerraFlame general manager, according to a company press release emailed to...
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May 10, 2023
Merrell and Saucony the Stars for Wolverine Worldwide in Q1
Hiking brand Merrell and running brand Saucony were the stars for parent company Wolverine Worldwide in the first quarter ended April 1. The company believes those two brands, along with active brand Sweaty Betty, have the most potential to grow and is focusing its efforts and investments on them. The Daily OR
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May 10, 2023
GoPro Q1 revenue down 19% in Q1
For the quarter ending March 31, revenue was $175 million, compared with $217 million at the same time last year. Subscribers were up 36% year-over-year (2.36 million). GoPro.com revenue, including subscription and service revenue, increased 7% year-over-year at $95 million (54% of all revenue). Retail channel revenue was $80 million,...
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May 9, 2023
U.S. Ski Industry Reports Record Visitation
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6% increase over the previous season. A skier visit is recorded every time an individual uses a lift ticket or pass...
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May 5, 2023
Employees at REI’s only Chicago location vote to unionize
Workers at REI’s only Chicago location voted to unionize with the Retail, Wholesale and Department Store Union in an election held by the National Labor Relations Board on Thursday. Employees of the outdoor goods retailer’s Chicago location said yes to the union in a vote of 41 to eight, with...
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May 3, 2023
Despite Fitness growth, Garmin revenue decreases 2% in Q1
Garmin Ltd. first-quarter revenue decreased 2% year-over-year despite its Fitness segment revenue increasing 11%. Overall company revenue was $1.15 billion for the period ending April 1, compared with $1.17 billion at the same time last year. Fitness revenue — including bike GPS head units and accessories, power meter pedals, and...
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May 3, 2023
OR, Surf Expo Parent Sees Strong Double-Digit Revenue Growth In First Quarter
Emerald Holding, Inc., the owner and producer of the Outdoor Retailer and Surf Expo trade shows, reported that first-quarter 2023 revenues were $122.3 million, an increase of 24.2 percent versus the first quarter 2022, driven by revenue growth in events that staged in both periods as well revenue from three...
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May 2, 2023
KOA Releases 2023 Report; 58M Households Camped in ‘22
Kampgrounds of America Inc. has released its 2023 North American Camping & Outdoor Hospitality Report, which continues to demonstrate the key role that camping and glamping play in the outdoor hospitality industry. The report, conducted by Cairn Consulting Group, shows that 92 million U.S. households identify as campers and that 58 million households...
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May 2, 2023
Black Diamond’s Growth Slowed By NA Wholesale Inventory Overhang
Clarus Corp. reported modest growth in its Black Diamond segment as gains in its direct-to-consumer and international channels helped offset fewer shipments to its North American wholesale channel due to elevated inventory levels and reduced open-to-buy dollars. Clarus officials also indicated it BD’s inventories would not be rebalanced until the...
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April 28, 2023
Newell Brands Outdoor & Recreation Core Sales Fall 27 Percent In Q1; Swings To Loss
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, saw overall consolidated net sales decline 24.4 percent to $1.8 billion for the first quarter when compared to the prior-year first quarter. The decline was said to be due to the impact of the...
