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 26, 2023
How Geartrade Uses AI to Cut Costs, Reduce Employee Burnout
Geartrade, the online resale platform for used gear and apparel, is leveraging artificial intelligence not to replace its workforce, but to make its employees’ lives easier, according to company executives. In January, Geartrade launched an AI system that was constructed with data from more than a million pieces of used...
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July 24, 2023
Fenix Outdoor Posts Q2 Sales and Profit Declines on Retail Inventory Issues
In March, the company warned, after a solid sales growth period in Q1, that results in upcoming quarters could be pressured by elevated inventories and promotions in the marketplace. In the second quarter ended June 30, consolidated sales declined 6.1 percent to €152.7 million, compared to €162.7 million in the...
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July 19, 2023
As Camping Popularity Surges, RV Resorts Look to Capitalize With Hotel-Like Comforts
As camping continues to grow in popularity, campgrounds and RV resorts continue to add more amenities that have attracted interest from guests old and new. These new amenities and accommodations allow for an RV resort to compete with hotels for leisure demand in warmer weather seasons. Hospitality Net
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July 19, 2023
Thule Inc’s Q2 Sales Fall on Continued Cycling Inventory Imbalances
Thule Inc. reported another challenging quarter as sales fell 15 percent in the Swedish company’s second quarter. The decline was blamed on continued weak bike-related product sales as retailers continue to focus on reducing inventory levels. The maker of car racks and bike accessories indicated inventories had returned to more...
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July 17, 2023
General RV Center to Open First North Carolina Dealership
General RV Center, which calls itself the nation’s largest family-owned RV dealer, will join the North Carolina community with a new location in Salisbury scheduled to open next year. Located approximately 40 miles north of Charlotte in Rowan County, this will be General RV’s first dealership in North Carolina and...
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July 12, 2023
KOA Reports Double Digit Growth Over July Holiday Weekend
Double digit growth in 2021 Fourth of July holiday results at Kampgrounds of America, Inc. (KOA) included an increase in occupancy of over 17% from 2020. Even more impressive, when compared to KOA’s record 2019, check-ins for KOA system were up more than 36%. OWNAKOA
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July 10, 2023
How Outdoor Brands and Retailers Can Attract Younger Consumers
To find out how to appeal to the next generation of outdoor enthusiasts – and future customers – The Daily talked to brands, retailers, and marketing firms that are having success reaching and understanding younger consumers. Their suggestions ranged from the need for brands to emphasize authenticity, embrace true diversity,...
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July 10, 2023
Hydro Flask Segment Sales Down in Q1 at Parent Company on Lower Club Sales
Sales at its Home & Outdoor segment, including OXO, Hydro Flask and Osprey, were down 7.3 percent in the period. Adjusted EPS of $1.94 was down from $2.41 a year ago but ahead of Wall Street’s consensus of $1.68. Sales fell 6.6 percent to $474.7 million but was above Wall...
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June 29, 2023
National Geographic reportedly lays off its last staff writers
National Geographic has reportedly laid off its last staff writers and will no longer be sold on US newsstands. Nineteen editorial staffers were affected by the layoffs, the Washington Post reported, and several staffers confirmed the news on Twitter. The Guardian
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June 27, 2023
Columbia Sportswear Sues Softstar Shoes Over Use Of Omniflex Name
Columbia Sportswear filed a federal lawsuit alleging trademark infringement against Softstar Shoes, the minimalist footwear brand based in Philomath, OR, over its use of the Omniflex name. The Omniflex sole, introduced in 2020, is used in the RunAmoc line, Softstar’s primary revenue driver. SGB Media
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June 20, 2023
What Do Professional Trail And Ultrarunners Earn?
We recently conducted a survey aimed to collect data from numerous professional runners from around the globe. This anonymous survey was filled out by nearly 200 athletes and was designed to gain insight into some key issues regarding professional athletic careers and elite competition as the sport of trail and...
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June 16, 2023
Kelly Slater Wave Company Licenses Technology to Surf Abu Dhabi
Kelly Slater Wave Company (KSWC), an innovative wave technology and surf experience company, is licensing its world-class technology to Surf Abu Dhabi, a one-of-a-kind wave facility in Abu Dhabi owned and operated by Modon Properties, Abu Dhabi. In the midst of a rising passion for water sports around the world,...
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June 15, 2023
Investment company formed to buy RV parks, marinas
Monarch Alternative Capital LP, an investment firm with approximately $11 billion of assets under management, has formed Go Outdoors, a platform to acquire, develop, and operate marinas and RV resorts across the United States. Monarch launched the platform with the recapitalization of two large-scale portfolios and partnered with Safe Harbor...
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June 14, 2023
Outdoor Bright Spots Exist Even in a Challenging Hardgoods Market
The current performance of the outdoor retail market can be broken down into two simple facts: Outdoor apparel is selling well, and outdoor equipment sales are down. That’s according to industry analysts The Daily spoke with to get a sense of the overall outdoor industry heading into next week’s Outdoor...
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June 13, 2023
Camping World launches brand-specific dealership format
Camping World Holdings Inc., America’s largest retailer of recreational vehicles (RVs) and related products and service,s is introducing a new dealership format that dedicates select individual dealerships exclusively to selling, servicing, and showcasing a specific RV brand’s products. Each store will feature a tailored, brand-specific customer experience and specialized staff training....
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June 9, 2023
Luxury Waterfront RV Park & Yacht Resort to Sell $729K Lots
Due to the strong demand for luxury RV real estate, Yacht Haven Park & Marina announced it will be offering several of its prime rental resort lots for sale. Prices will start at $729,000 for waterfront lots. Purchasing a lot provides the opportunity for owners to rent their lots out...
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June 7, 2023
American Outdoor Brands Files Complaint Alleging Patent Infringement by Vista Outdoor Inc.
American Outdoor Brands, Inc. on May 30, 2023 filed a complaint against Vista Outdoor Brands alleging that Vista is infringing American Outdoor Brands' patent rights incorporated in the Frankford Arsenal® Intellidropper® electronic powder measure through Vista's sale of the RCBS ChargeMaster Supreme Electronic Powder Dispenser. The complaint asserts infringement of five of...
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June 2, 2023
Patagonia Settles Trademark Infringement Lawsuit with Gap
Patagonia settled its trademark infringement lawsuit against Gap on Wednesday, bringing closure to one of the B Corp‘s many attempts to defend its P-6 logo and colorful mountain silhouette design. No details of the settlement, in the Northern California District Court, were released and attorneys for both sides did not...
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June 2, 2023
REI SoHo Employee Union Takes Issue With New REI Legal Team, Pay Changes
The union representing employees at REI’s SoHo store in New York City said this week that REI had notified the Union, Retail, Wholesale, and Department Store Union (RWDSU), through its new legal counsel that many workers at the SoHo, New York store would be receiving pay cuts in their next...
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June 1, 2023
Outdoorsy Hits 1M Trip Milestone
RV rental marketplace Outdoorsy has surpassed 1 million trips – or 7 million booked travel days – since the company was founded in 2015. The milestone comes on the heels of being recognized as one of Fast Company’s “Most Innovative Companies in Travel and Hospitality” for 2023. RV-Pro
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May 31, 2023
Patagonia Accuses Nordstrom of Selling Counterfeit Products in a New Lawsuit
Patagonia is coming after Nordstrom in a new lawsuit accusing the retailer of selling knock-off versions of its apparel. The department store retailer is selling “thousands of counterfeit Patagonia sweatshirts and t-shirts” via its Nordstrom Rack chain, alleges the suit, which was filed in a Los Angeles District Court on...
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May 26, 2023
Hoka Added $521 Million In New Revenue In Fiscal 2023; DTC Remains Focus
Global Hoka brand revenue for fiscal year 2023 increased 58.5 percent, or $521 million, versus the prior fiscal year to $1.41 billion, the fourth consecutive year Hoka has delivered revenue growth above 50 percent. Let that sink in; $521 million in additional annual revenue—for a running brand. Hoka brand net...
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May 25, 2023
Patagonia eco-brand unscathed by polarized climate
Outdoor retailer Patagonia, which is steering profits into fighting climate change, has the top ranking in the 2023 Axios Harris Poll 100 brand reputation survey. The outdoor apparel company appears to have successfully avoided polarizing battles that have ensnared other big brands, and alienated some consumers. AXIOS
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May 23, 2023
Dick’s SG Posts 5.3 Percent Comp Sales Growth In Q1; EPS Up 38 Percent
Dick’s Sporting Goods reported net sales for the fiscal first quarter* rose 5.3 percent to $2.84 billion from $2.70 billion in the prior-year Q1 period. Comparable store sales grew 3.4 percent, partially reversing the 8.4 percent comp store sales decline in the year-ago period. Net income increased 17 percent to...
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May 22, 2023
Why REI’s Grassroots Unionization Efforts Are Spreading Across the Fleet ‘Like Wildfire’
“The pandemic seems to have sort of changed the labor environment in a way that sort of opened up an opportunity for unions,” said John Logan, a labor professor at San Francisco State University. “Particular kinds of workers are very attracted to the idea of organizing right now as a...