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.
-
April 28, 2023
Declining bike-product demand contributes to Thule’s Q1 net sales decrease
Thule Group's first-quarter net sales were down 26.6% year-over-year, largely due to declining bike-product demand from retailers lowering inventory levels. Net sales for the quarter ending in March were SEK 2,226 million ($215.2 million), compared with SEK 3,034 million at the same time last year. Thule's inventory decreased in the...
-
April 27, 2023
Lazydays Reports Q1 Revenue Drop
Lazydays said its Q1 revenue decreased to $295.7 million from $376.2 million in Q1 last year. The company’s net loss in the first quarter was $1.5 million, compared to net income of $27.1 million in the first quarter of 2022. RV-Pro
-
April 27, 2023
The Rossignol Group Posts 28 Percent Growth For 2022/23 Financial Year
The Rossignol Group, parent of the Rossignol, Dynastar, Lange, Look, and Kerma brands, reported that revenue increased 28 percent to €401 million for the 12-month financial year period ended March 31, 2023, compared to €313 million in revenue for the prior year. SGB Media
-
April 27, 2023
REI Grapples With Aging Membership Base
As of 2022, REI had 23 million members, up 1.3 million members from the previous year, and more than 180 retail locations. Speyer is responsible for the retailer’s gear and apparel assortment as well as its in-house Co-op brand label. He leads a team of strategists, designers, and developers...
-
April 21, 2023
Vail Resorts Sees Skier Visits Climb Six Percent Over Ski Season
Vail Resorts, Inc. reported season-to-date total skier visits were up 6.1 percent from the beginning of the ski season through April 16 year-over-year, helped by favorable weather conditions that enabled the ski resort operator to extend the season at resorts across Utah, Tahoe and the Northeast. SGB Media
-
April 19, 2023
Movement Announces Purchase of Four Summit Gyms in the Dallas/Fort Worth Area
Movement Climbing, Yoga and Fitness, the largest nationwide community of indoor climbing gyms, today announced they have acquired four of Summit Climbing, Yoga and Fitness Gyms’ locations in the Dallas-Fort Worth metro area. The newly acquired facilities will build on Movement’s existing presence in Dallasand bring world-class rock climbing, bouldering,...
-
April 19, 2023
REI Reports Record Sales for 2022, Outlines $323 Million of Community Investments
REI has released its latest Impact Report and financials results for 2022, closing the year with a record $3.85 billion in sales and distributing $323 million back to the co-op community. According to a statement released on Wednesday by the Seattle-based retailer, the co-op ended the year with a strong...
-
April 18, 2023
REI Is the Latest Retailer to Close Its Portland Store Amid Rising Crime
After 20 years of business, REI confirmed it will close its downtown Portland, Ore., location in early 2024 amid increased crime in the store’s Pearl District neighborhood. In a statement emailed to FN on Tuesday, an REI Co-op representative confirmed the closure and stated that the decision “does not reflect the hard...
-
April 14, 2023
Four More REI Stores File for Union Election
Since March 31, four more REI stores have filed petitions for a union election with the National Labor Relations Board (NLRB) to be represented by the The United Food and Commercial Workers International Union (UFCW). The surge in union interest comes shortly after employees at an REI store in Cleveland last month voted...
-
April 14, 2023
RV dealer closes, leaving customers in debt
Several people across the Grand Valley claim they’re still in debt over a trailer or RV that they no longer own, after a local dealer sold theirs on consignment. The dealer in question, Bob Scott RV, promised to sell their RV on consignment. Meaning, they would sell it on the...
