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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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February 10, 2022
How outdoor brands are taking vaccine mandates into their own hands
Amid turmoil over federal vaccine mandates, some outdoor brands have quietly issued their own requirements. ...the Boulder, Colo.-based subsidiary of the global alpine footwear brand implemented a new policy: Barring a religious or health-related exemption for which the company would make reasonable accommodation, all employees were required to get vaccinated...
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February 10, 2022
Canada Goose Lowers Guidance On Q3 Miss
Canada Goose Holdings, Inc. reported earnings rose 49.2 percent in the third quarter ended January 2 as sales grew 26.2 percent. However, results were slightly below Wall Street’s targets, and guidance was lowered for the year due to lower than expected revenue and retail traffic in APAC and EMEA in...
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February 7, 2022
Vail Resorts Sold a Record Number of Passes. Now, Their Ski Areas Are Facing a Logistical Nightmare.
Thanks to the price cut, and to an impressive portfolio of 40 resorts worldwide, Vail sold 2.1 million pre-purchased tickets and season passes for 2021–22, a 76 percent jump over 2019–20 figures. As a result, earnings jumped 30 percent from fiscal year 2020 to fiscal year 2021. Outside Online
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February 3, 2022
Hoka and Ugg Help Deckers Deliver Its Largest Quarter Ever
Deckers Brands delivered its largest quarter in history for the third quarter of 2022 despite ongoing supply chain issues and a slowdown in its Sanuk and Koolaburra brands. The footwear conglomerate – which also owns Hoka, Ugg, and Teva – reported a revenue increase of 10.2% to $1.188 billion in...
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February 3, 2022
GoPro’s Q4 Revenues Expand 8 Percent
Profits at GoPro, Inc. increased 8.2 percent in the fourth quarter on a 9 percent revenue gain. “In 2021 GoPro navigated a challenging business environment, and thrived,” said Nicholas Woodman, GoPro’s founder and CEO. “We successfully launched innovative new hardware, software and subscription offerings and leveraged the first full-year of...
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January 28, 2022
The North Face Just Had its Best Quarter Ever: Here’s How the Brand’s New Leader Plans to Build on That Success
First the first time ever, The North Face surpassed $1 billion in sales, with revenues of more than $1.2 billion in Q3. This marked the best quarter in the brand’s history, with global revenues up 27% above pre-pandemic levels. The growth comes as the brand gears up to welcome a new global...
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January 28, 2022
VF’s Q3 Earnings Tops Wall Street’s Targets, Sales Jump 22 Percent
VF Corp. reported earnings on an adjusted basis rose 45 percent in the third quarter ended December 31 and topped Wall Street’s estimates. Sales grew 22 percent led by 28 percent growth at The North Face. Sales grew 8 percent at Vans, 11 percent at Timberland, and 4 percent at...
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January 26, 2022
French sporting goods retailer Decathlon to shutter last two US locations, both in Bay Area
C'est la vie: French sporting goods retailer Decathlon plans to permanently close its last two stores in the U.S., located in San Francisco and the East Bay. Effective March 15 the retailer will lay off 32 employees across both the San Francisco store at 2300 16th St. and the Emeryville...
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January 26, 2022
Grassroots specialty shops grew 29 percent in sales last year, according to new report
Grassroots members came into the first quarter of 2021 riding a wave of sales growth from the back half of 2020, the numbers show, and posted year-over-year increases of 28 percent by the end of Q2. The back half of 2021 brought similarly healthy sales trends with the help of...
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January 25, 2022
These Are the Outdoor Brands That Will Win in 2022 — and How Retailers Will Tackle Inflation and Supply Chain Challenges
While the impact of the pandemic has been catastrophic, an unintended and unexpected win for the outdoor market has been the fresh group of enthusiasts discovering the benefits of being outside. As COVID-19 ramped up stateside in 2020, so did the numbers of people heading outdoors, but many wondered if...
