News Topics
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April 30, 2024
REI reports another year of losses, pledges efficiency and new stores
REI said Tuesday it lost $311 million in 2023 — a tumultuous year that included layoffs and operations restructuring at the Seattle-founded outdoor equipment retailer. Revenues were $3.76 billion in 2023, down 2.4% from the previous year. It was “a deeply disappointing result,” and the second year in a row...
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April 29, 2024
16 BIPOC Brands Receive Entrepreneurial Boost From REI, Founded Outdoors
The Embark Program was created through a partnership between REI Path Ahead Ventures and Founded Outdoors. It provides grants and training to outdoor industry founders of color. This year, leaders from 16 startup companies participated in a 3-month curriculum on developing and growing their business ideas. Each founder also received a $10,000 equity-free grant to...
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April 26, 2024
Hike Doggie Welcomes First Franchise
Hike Doggie, the dog hiking service for pet owners and their dogs, opened its first franchise in the Denver, Co South area. Barrett Marcum leads the Denver South franchise. He will offer Hike Doggie’s signature personalized hikes for dogs - a wellness activity that ensures all Hike Doggies are happy,...
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April 25, 2024
RV Shipments Up 9% Through First Quarter
Results for the RV Industry Association (RVIA)’s March 2024 survey of manufacturers found that total RV shipments ended the month with 32,243 units, an increase of 1.2% compared to the 31,869 units shipped in March 2023. Towable RVs, led by conventional travel trailers, ended the month up 5.9% from last March with...
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April 25, 2024
Columbia Sportswear Ups 2024 Profit Guide, Maintains Sales Decline
Columbia Sportswear Company reported that 2024 first-quarter net sales decreased 6 percent, or 6 percent constant-currency (CC), to $770.0 million, compared to $820.6 million in the comparative period in 2023. The decline in net sales primarily reflects lower wholesale net sales in the U.S. and Canada, driven by retailer cautiousness,...
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April 25, 2024
Why REI Co-op Is Doubling Down on Running Shoes and Exiting Its Branded Footwear Business
REI Co-op confirmed that it is exiting its REI-branded footwear business after 2024, four years after the company said that it would begin producing its own shoes. In the time since its initial launch, REI has delivered eco-friendly hiking boots, trail runners and more. As the retailer exits one business,...
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April 24, 2024
Helen of Troy Home & Outdoor Segment Keeps Company Positive in Q4
Helen of Troy reported fiscal fourth-quarter net sales for its Home & Outdoor segment, which includes the OXO, Osprey and Hydroflask businesses, increased 5.4 percent to $223.3 million for the three-month period ended February 29, 2024, compared to $211.9 million in the prior-year comparative period. The increase for the quarter was driven...
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April 21, 2024
Famed “Ride the Rockies” Race Canceled Due to Low Registration
Ride The Rockies, a Colorado cycle-touring institution that dates back decades, is on hold for 2024. Run each summer since 1986, more than 2,000 cyclists pedaled the roads of Colorado’s high country for one week in a route that changed from year to year. Organizers announced this summer’s edition—set to...
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April 18, 2024
Taking the High Routes: Documentary Explores Addictive Nature of Thru-Hiking
The full-length documentary explores the addictive nature of hiking. But it’s also about the environment, the issues facing some of the regions they pass through, and the history of the high routes they’re taking. It premiered in 2023 and won the Best Cinematography award at the Lyons International Film Festival....
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April 17, 2024
Hawaii to Remove Infamous ‘Stairway to Heaven’ Hiking Trail
Oahu’s Ha‘ikū Stairs, otherwise known as the “Stairway to Heaven” hiking trail, will be permanently removed over the next 6 months. State and local officials made the decision last week. The goal of the removal is to finally stop the flow of tourists hiking the trail. Officially closed for decades,...
