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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May 11, 2023
Solo Brands acquires TerraFlame
Adding to its portfolio of direct-to-consumer companies, Solo Brands on Thursday announced it acquired TerraFlame for an undisclosed amount. TerraFlame’s team will become a part of Solo Brands, including CEO Lenny Vainberg, who will transition to the role of TerraFlame general manager, according to a company press release emailed to...
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May 10, 2023
Merrell and Saucony the Stars for Wolverine Worldwide in Q1
Hiking brand Merrell and running brand Saucony were the stars for parent company Wolverine Worldwide in the first quarter ended April 1. The company believes those two brands, along with active brand Sweaty Betty, have the most potential to grow and is focusing its efforts and investments on them. The Daily OR
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May 10, 2023
GoPro Q1 revenue down 19% in Q1
For the quarter ending March 31, revenue was $175 million, compared with $217 million at the same time last year. Subscribers were up 36% year-over-year (2.36 million). GoPro.com revenue, including subscription and service revenue, increased 7% year-over-year at $95 million (54% of all revenue). Retail channel revenue was $80 million,...
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May 9, 2023
U.S. Ski Industry Reports Record Visitation
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6% increase over the previous season. A skier visit is recorded every time an individual uses a lift ticket or pass...
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May 5, 2023
Employees at REI’s only Chicago location vote to unionize
Workers at REI’s only Chicago location voted to unionize with the Retail, Wholesale and Department Store Union in an election held by the National Labor Relations Board on Thursday. Employees of the outdoor goods retailer’s Chicago location said yes to the union in a vote of 41 to eight, with...
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May 3, 2023
Despite Fitness growth, Garmin revenue decreases 2% in Q1
Garmin Ltd. first-quarter revenue decreased 2% year-over-year despite its Fitness segment revenue increasing 11%. Overall company revenue was $1.15 billion for the period ending April 1, compared with $1.17 billion at the same time last year. Fitness revenue — including bike GPS head units and accessories, power meter pedals, and...
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May 3, 2023
OR, Surf Expo Parent Sees Strong Double-Digit Revenue Growth In First Quarter
Emerald Holding, Inc., the owner and producer of the Outdoor Retailer and Surf Expo trade shows, reported that first-quarter 2023 revenues were $122.3 million, an increase of 24.2 percent versus the first quarter 2022, driven by revenue growth in events that staged in both periods as well revenue from three...
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May 2, 2023
KOA Releases 2023 Report; 58M Households Camped in ‘22
Kampgrounds of America Inc. has released its 2023 North American Camping & Outdoor Hospitality Report, which continues to demonstrate the key role that camping and glamping play in the outdoor hospitality industry. The report, conducted by Cairn Consulting Group, shows that 92 million U.S. households identify as campers and that 58 million households...
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May 2, 2023
Black Diamond’s Growth Slowed By NA Wholesale Inventory Overhang
Clarus Corp. reported modest growth in its Black Diamond segment as gains in its direct-to-consumer and international channels helped offset fewer shipments to its North American wholesale channel due to elevated inventory levels and reduced open-to-buy dollars. Clarus officials also indicated it BD’s inventories would not be rebalanced until the...
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April 28, 2023
Newell Brands Outdoor & Recreation Core Sales Fall 27 Percent In Q1; Swings To Loss
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, saw overall consolidated net sales decline 24.4 percent to $1.8 billion for the first quarter when compared to the prior-year first quarter. The decline was said to be due to the impact of the...
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April 28, 2023
Declining bike-product demand contributes to Thule’s Q1 net sales decrease
Thule Group's first-quarter net sales were down 26.6% year-over-year, largely due to declining bike-product demand from retailers lowering inventory levels. Net sales for the quarter ending in March were SEK 2,226 million ($215.2 million), compared with SEK 3,034 million at the same time last year. Thule's inventory decreased in the...
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April 27, 2023
Lazydays Reports Q1 Revenue Drop
Lazydays said its Q1 revenue decreased to $295.7 million from $376.2 million in Q1 last year. The company’s net loss in the first quarter was $1.5 million, compared to net income of $27.1 million in the first quarter of 2022. RV-Pro
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April 27, 2023
The Rossignol Group Posts 28 Percent Growth For 2022/23 Financial Year
The Rossignol Group, parent of the Rossignol, Dynastar, Lange, Look, and Kerma brands, reported that revenue increased 28 percent to €401 million for the 12-month financial year period ended March 31, 2023, compared to €313 million in revenue for the prior year. SGB Media
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April 27, 2023
REI Grapples With Aging Membership Base
As of 2022, REI had 23 million members, up 1.3 million members from the previous year, and more than 180 retail locations. Speyer is responsible for the retailer’s gear and apparel assortment as well as its in-house Co-op brand label. He leads a team of strategists, designers, and developers...
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April 21, 2023
Vail Resorts Sees Skier Visits Climb Six Percent Over Ski Season
Vail Resorts, Inc. reported season-to-date total skier visits were up 6.1 percent from the beginning of the ski season through April 16 year-over-year, helped by favorable weather conditions that enabled the ski resort operator to extend the season at resorts across Utah, Tahoe and the Northeast. SGB Media
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April 19, 2023
Movement Announces Purchase of Four Summit Gyms in the Dallas/Fort Worth Area
Movement Climbing, Yoga and Fitness, the largest nationwide community of indoor climbing gyms, today announced they have acquired four of Summit Climbing, Yoga and Fitness Gyms’ locations in the Dallas-Fort Worth metro area. The newly acquired facilities will build on Movement’s existing presence in Dallasand bring world-class rock climbing, bouldering,...
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April 19, 2023
REI Reports Record Sales for 2022, Outlines $323 Million of Community Investments
REI has released its latest Impact Report and financials results for 2022, closing the year with a record $3.85 billion in sales and distributing $323 million back to the co-op community. According to a statement released on Wednesday by the Seattle-based retailer, the co-op ended the year with a strong...
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April 18, 2023
REI Is the Latest Retailer to Close Its Portland Store Amid Rising Crime
After 20 years of business, REI confirmed it will close its downtown Portland, Ore., location in early 2024 amid increased crime in the store’s Pearl District neighborhood. In a statement emailed to FN on Tuesday, an REI Co-op representative confirmed the closure and stated that the decision “does not reflect the hard...
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April 14, 2023
Four More REI Stores File for Union Election
Since March 31, four more REI stores have filed petitions for a union election with the National Labor Relations Board (NLRB) to be represented by the The United Food and Commercial Workers International Union (UFCW). The surge in union interest comes shortly after employees at an REI store in Cleveland last month voted...
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April 14, 2023
RV dealer closes, leaving customers in debt
Several people across the Grand Valley claim they’re still in debt over a trailer or RV that they no longer own, after a local dealer sold theirs on consignment. The dealer in question, Bob Scott RV, promised to sell their RV on consignment. Meaning, they would sell it on the...
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April 10, 2023
Lululemon, Patagonia Lead Activewear Brands In Resale Popularity
Lululemon is the second most popular brand in resale, according to ThredUp’s 11th Annual Resale Report. Other activewear brands that made its Top 20 Most Popular Brands In Resale include Patagonia, at No. 6; Vuori, in 10th place; and The North Face, at 18. ThredUp’s study, based on research conducted...
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April 5, 2023
Could opposition to camping derail the $40-million Bowen Island park and campground?
Eight months ago, Metro Vancouver announced they planned to buy the land at Cape Roger Curtis from a developer for $40 million, with the intention of turning it into a regional park and campground. Today, the project is in serious jeopardy, with a series of local and regional meetings happening...
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March 31, 2023
Authentic Brands Group Makes Binding Offer To Acquire Boardriders
Boardriders has long been rumored to be on the selling block. In early March, Bloomberg reported that Authentic Brands was nearing a deal to acquire the company for $1.3 billion. A Moody’s report published in late February indicated that Authentic had arranged financing to support an acquisition. Authentic said the acquisition...
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March 30, 2023
We Could See Another Resort Ban Snowboarding
The upcoming resort may enter a partnership that taps Deer Valley Resort to manage the slopes, local publication Park Record reported. That would result in Deer Valley’s “no-snowboard” policy carrying over to the new area. The Inertia
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March 30, 2023
Report on Outdoor Industry Sales Trends
Julia Day of Circana (formerly NPD Group) discusses outdoor sales trends, why now is the time for innovation, and top-selling brands and items in the outdoor market. The time is ripe for brands to release innovative products, and activewear brands are rising to the top of key categories over traditional...