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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January 7, 2022
Read: The Western Megadrought Is Revealing America’s ‘Lost National Park’
A megadrought, the driest the area has been in more than 1,000 years, is reducing Lake Powell to Puddle Powell, and in the process, revealing a little bit of the wonders long since hidden far below the surface of the lake, a surface roiled by powerboats and jet skis. Adventure...
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January 5, 2022
Too Big to Vail: The Downfall of the North American Mega Resort
In the past few years, we have seen resorts become conglomerates across multiple continents, luring in customers with multi-passes that allow them the idea of skiing whenever and wherever they want. This year we’ve really started to see the negatives. People are wondering aloud if it’s worth it, and while...
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January 5, 2022
Wholesale RV Values Decline Across the Board
Black Book’s most recent monthly report showed declining values of wholesale motorized and towable units. The average selling price for motorized units was $79,270, which is down $2,114 (2.6%) from the previous month. Towables came in at $21,405, down $908 (4.1%) from last month. One year ago, the average motor...
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January 5, 2022
Unionized! Outside Magazine Editorial Staff Band Together Within Media Giant
Eleven months after Pocket Outdoor Media swallowed up Outside Integrated Media and appropriated its name, the benchmark magazine’s staff formed a union. On January 4, 15 editors at Outside magazine released a document simply titled “Mission Statement.” In it, they advocate for better working conditions within the company, air their...
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January 4, 2022
Active Lifestyle Stocks Churn Out Robust Gains in 2021
With many companies seeing benefits from changed behaviors due to the pandemic, the vast majority of active lifestyle stocks soared to new heights in 2021. Of the 79 stocks in the active lifestyle space tracked by SGB Executive, only 14 showed declines, marking the third strongest year for the sector after several...
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December 30, 2021
An Everest Guide Just Won a Legal Battle over a Canceled Summit Attempt
In September 2019, Himalayan guide Garrett Madison called off a summit attempt on Mount Everest, telling clients that an ice block hanging over the route made it too dangerous. The following March, one of the clients on the expedition, Zac Bookman, sued Madison for $100,000 for breach of contract and...
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December 30, 2021
Helen of Troy Completes Acquisition Of Osprey Packs
Helen of Troy Limited announced the successful completion of its previously announced acquisition of Osprey Packs, Inc, for $414.7 million in cash, which includes the impact of a $5.3 million favorable customary closing net working capital adjustment. SGB Media
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December 29, 2021
Climashield Sold to Private Equity Firm
Crown Capital Investments (CCI), an Atlanta-based private equity investment firm, has acquired Climashield to its manufacturing portfolio of companies. Headquartered in Clinton, Tenn., Climashield is a manufacturer and developer of continuous filament insulation. With global distribution to military and outdoor recreation brands, Climashield products offer “thermal efficiency and durability.” Inside...
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December 23, 2021
SOG Specialty Knives Acquired by GSM Outdoors
With its buyout of SOG Knives, the outdoor giant expands its specialty blade, multitool, and EDC offerings. GSM Outdoors continues to grow in breadth and depth. This week, the hunting and shooting sports specialist keeps that trend going by acquiring SOG. Gear Junkie
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December 23, 2021
Under Armour, Columbia Facing Headwinds
Under Armour and Columbia were downgraded by market analysts Stifel, highlighting the challenges facing the sports category. Analyst Jim Duffy lowered the two brands from “Buy” to “Hold” — while lowering Nike’s price target but maintaining its “Buy” rating. The analyst foresaw short-to-mid-term concerns limiting the upside of both brands....
