News Topics
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May 23, 2024
Terrifying Footage of Everest Cornice Accident
As Everest climbers return to a wifi connection in Base Camp, they post pictures of their summits — and of crowds, chaos, scary moments, and, unfortunately, death. IFMGA guide Vinayak Malla summited Everest at 6 am on the morning of May 21, the busiest summit day, with Elite Exped clients....
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May 21, 2024
Arc’teryx Drives Revenue Beat for Amer Sports in Q1
Amer Sports, Inc., which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 13 percent revenue increase in Q1 to $1.2 billion. Net income was $7 million, down from $19 million in Q1 the prior year. Diluted earnings per share was 1 cent compared to $5 cents the prior...
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May 21, 2024
Report: Western Winter Resorts Sees Disappointing End to Season
DestiMetrics has released its season-end assessment of the Winter 2023-24 season, describing the findings as a famine-to-feast snowfall season that, coupled with stubbornly high inflation and interest rates, led to declines in winter lodging occupancy across 17 western mountain resorts in seven states for the season. DM said occupancy struggled...
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May 21, 2024
In Unprecedented Decision, Colorado’s Highest Court Takes Aim at Ski Resort Liability
A decision that just came down from the Colorado Supreme Court has the potential to disrupt the state’s ski industry. The seven justices of the state’s highest court ruled 5-2 that the broad liability waivers we all sign when we purchase our lift tickets don’t hold ski resorts immune from...
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May 19, 2024
REI Union Chicago members walk off job during sale to protest contract negotiations
Members of REI Union Chicago walked off the job in the middle of REI's Anniversary Sale to protest after the company reportedly failed to negotiate a contract in good faith. The protest was held Saturday morning and those in attendance included union members, elected officials and other leaders/workers from the Chicago area. USA...
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May 17, 2024
New 360° Wave Tech Aims to Be the Safest In the Wave Pool Game
From every surfer’s standpoint, the best wave pool technology is simply the one that creates the best wave — the thickest barrels at the top of our check list. But from a business standpoint, developers are likely looking for something that matches wave quality with factors like operating cost, energy...
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May 17, 2024
Patagonia Prevails in Nordstrom Lawsuit
Patagonia settled a counterfeiting lawsuit on May 15 with Nordstrom after filing the accusation against the retailer in federal court on May 30, 2023. The suit alleged that Nordstrom sold “thousands of counterfeit Patagonia sweatshirts and t-shirts” through its Nordstrom Rack stores, in the complaint filed in the U.S. District Court...
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May 16, 2024
Yeti Discloses Mystery Ranch Acquisition Price
Yeti acquired Mystery Ranch, known for its durable load-bearing backpacks, bags, and pack accessories, for $36.2 million. The deal closed on February 2. Yeti also acquired Butter Pat Industries, a manufacturer of cast iron cookware, in the first quarter. In the first-quarter earnings call last week, Matt Reintjes, Yeti’s president and...
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May 15, 2024
REI Workers Say Union Effort Has Prompted A Disciplinary Crackdown
Employers are free to punish workers for violating company policy, but not with the intention of ousting organizers or chilling a union drive. Whether such discipline is legal often boils down to whether or not it was meted out consistently to other workers in the past. REI denies it’s trying to...
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May 15, 2024
Longboarding Could Be Included in the 2028 LA Olympics
Imagine the world’s best longboarders gliding down the point at Malibu, but instead of Malibu’s typical Sunday afternoon summertime shit-show of drop ins and board traffic, just two surfers are in the water, and they’re surfing for Olympic medals. The IOC is currently mulling over a proposal by the International Surfing...
