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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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April 27, 2022
Garmin’s Record Quarter Boosted By Sports Watches
Garmin reported a record $1.17 billion in first-quarter revenue, a 9% year-over-year increase from $1.07 billion. Strong demand for outdoor adventure watches helped spike 50% revenue growth for the technology company’s outdoor segment, reaching $384.6 million. Operating income for the segment reached $149 million. Front Office Sports
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April 22, 2022
Mount Everest Permits Down Drastically After Historic 2021
Nepal’s Department of Tourism has issued roughly 30 percent fewer permits in 2022 than the record-breaking 408 it did a year ago. Outside
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April 21, 2022
Lululemon, REI & Patagonia Score Top Marks for Their Resale Programs, According to ThredUp
ThredUp is hoping to make it easier for consumers to find companies that are active in the resale space with its newest initiative. On Thursday, the online resale platform debuted a new index, called Recommerce 100, that tracks which brands and retailers have launched resale programs and their potential impact...
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April 20, 2022
Failing Grades for Outdoor Brands in ‘Forever Chemical’ Study
The outdoor industry is one of the worst offenders when it comes to using so-called “forever chemicals” in their products, a new study shows. The report, published by the Natural Resources Defense Council and two partner groups, analyzes 30 companies across multiple industries on their use of PFAS—dangerous chemicals that pollute drinking...
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April 20, 2022
Pro Surfers Say Vlogs Have Become a Necessary Evil
For every successful vlog, there’s 500 more lying shivering, unfed and unwatched in the dusty corners of YouTube’s nuclear-powered server. The mix of personality, live surf action, and timely content relies on an unknown, and ever-moving, algorithm that only a few surfers have managed to crack. Enertia
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April 20, 2022
Online Brands Nordic AB Acquires Isbjörn of Sweden
E-commerce specialist Online Brands Nordic AB has acquired Nordic Kidswear AB, including its premium and sustainable outdoor kids wear brand Isbjörn of Sweden. Inside Outdoor
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April 18, 2022
Former Jay Peak President Sentenced in Fraud Debacle
Bill Stenger will serve 18 months and pay a $250,000 fine for his part in the fraud that tarnished the Vermont resort's good name. Outside Business Journal
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April 14, 2022
As Running Sales Continue to Sprint Ahead, REI Is Making a Bigger Play for the Category
The retailer said on Thursday that it is continuing to invest in a multi-year strategy that builds upon recent category growth. According to REI Co-op, customer demand for running and fitness products has doubled since the height of the COVID-19 pandemic, and the retailer aims to meet this demand by broadening...
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April 13, 2022
Workers Organize America’s First Climbing Gym Union
Workers at Movement Crystal City in Arlington, Virginia, recently announced the imminent certification of their climbing gym union, reportedly the first in the United States. The process was overseen by the National Labor Relations Board (NLRB), an independent federal agency that enforces the National Labor Relations Act and “protects the...
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April 13, 2022
Wind Energy Company Cited for Killing More Than 150 Eagles
NextEra Energy subsidiary, ESI Energy, was fined $8 million and sentenced to 5 years’ probation after being charged with three counts of violating the Migratory Bird Treaty Act. The act states it’s illegal to kill or harm eagles. Gear Junkie
