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.
-
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...
-
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...
-
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....
-
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
-
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...
-
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...
-
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...
-
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...
-
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...
-
August 11, 2023
Resale company Trove raises $30 million in Series E funding
Trove has raised $30 million in Series E funding, the resale technology company announced on Thursday. Wellington Management and ArcTern Ventures co-led the funding round, and Mitsui Fudosan’s CVC Fund, G2 Venture Partners, Prelude Ventures and other current Trove investors participated in the round. The funding will support the company’s...
-
August 10, 2023
Wolverine to Close Boston Campus, Consolidate US Offices to Michigan
In tandem with a major leadership shift at the CEO level, Wolverine on Thursday announced the planned closure of its Boston headquarters by the end of the year and the consolidation of its offices across the U.S. to its Rockford, Mich., campus. FN
-
August 7, 2023
Garmin signs purchase agreement to acquire JL Audio, a highly regarded audio solutions manufacturer
Garmin Ltd. announced it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers. PRN
-
August 7, 2023
Kampgrounds of America’s Revenue Still Trending Up
Kampgrounds of America said its revenue has improved by 2% over the first half of this year, in a year-over-year comparison. Following years of record-breaking same-store revenue, the company anticipates more positive change, with advanced deposits up 9.5% over 2022. RV-Pro
-
August 4, 2023
GoPro Gets Q2 Sales Lift on Lower Prices, Return to Retail Doors
GoPro said it saw an immediate retail sales and GoPro subscription lift in the second quarter due to its mid-quarter go-to-market strategy shift that included a return to pre-pandemic pricing and a greater emphasis on retail sales. The company reported exceeding its Q2 expectations for unit sales, revenue and subscriber...
-
August 4, 2023
Jackson Hole Sold to Local Investors
After 31 years of ownership, Jay, Connie, and Betty Kemmerer have sold Jackson Hole Mountain Resort (JHMR) to a group of local investors for an undisclosed amount. Owners of JHMR Connie, Betty and Jay KemmererThe Kemmerers, who purchased JHMR in 1992, said their highest priority was maintaining JHMR’s status as...
-
August 3, 2023
Solo Brands Posts Wholesale Growth in Q2, DTC Business Down
Solo Brands, parent company of Solo Stove, Oru Kayak, Isle, and Chubbies, posted a significant gain in its wholesale business for the second quarter of the year. Wholesale revenues increased 57% to $31.3 million for the quarter ended June 30. Solo’s wholesale growth and momentum is coming primarily from the...
-
August 3, 2023
Canada Goose’s Q1 Sales Expand 21 Percent, Topping Expectations
Canada Goose Holdings, Inc. reported a slightly wider loss in the fiscal first quarter ended July 2 despite 21 percent sales growth. Both sales and earnings topped guidance, and the outerwear maker reiterated its outlook for its fiscal year. All amounts are in Canadian dollars. Total revenue of $84.8 million...
-
August 2, 2023
Independent mountain bike magazine Cranked to cease publication
Independent mountain bike magazine Cranked is to cease publication next month, with its 34th edition the last to roll off the printers. Founded in 2015 by photographer and writer Rogers, Cranked operated with the tagline “a magazine for mountain bikers”, and each quarter delivered high quality writing and photography from...
-
August 2, 2023
Garmin (GRMN) Surpasses Q2 Earnings and Revenue Estimates
Garmin (GRMN) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.40%. A quarter ago,...
-
August 1, 2023
Yellowstone workers unionize as widespread dissatisfaction persists in the National Park Service
Workers at Yellowstone National Park recently voted to unionize in a landslide vote, according to the National Federation of Federal Employees (NFFE). The organization hopes to improve working conditions, pay and general satisfaction within the first national park in the U.S. Wyoming Public Media
-
August 1, 2023
Camping World’s Q2 Sales Skid 12.4 Percent
Profits at Camping World Holdings Inc. fell 67.3 percent in the second quarter ended June 30 as sales declined 12.4 percent. Revenue was $1.9 billion for the second quarter, a decrease of $267.9 million, or 12.4 percent. SGB
-
August 1, 2023
Backpacking Without Landowner Permission Is Legal in England Again
A United Kingdom court ruled on Monday that members of the public don't need landowners' permission to wild camp in Dartmoor National Park anymore. This decision reversed a lower court's ruling and restored the park's status as the only place in England or Wales where backpackers have the right to...
-
July 28, 2023
Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q2
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $333 million, down 22.0 percent compared with $427 million in the prior year period. The decline reflects a core sales decline of 20.9 percent, as well as the impact of...
-
July 28, 2023
Clif Bar Continues to Improve Profitability Under New Owner
Mondelez International said its recently-acquired Clif Bar business continued to improve profitability in the second quarter with the help of higher prices amid “robust” sales growth and as Clif Bar recently overhauled its management team, including the exit of CEO Sally Grimes. At the close of February, Alexandre Zigliara was...
-
July 26, 2023
Vista Outdoor’s Earnings Decline on 14 Percent Revenue Slide
Vista Outdoor, Inc. reported earnings declined 54 percent in the fiscal first quarter ended June 25. Sales dropped 14 percent with sales down 26 percent in the Sporting Products segment and 8 percent in the Outdoor Products segment. SGB