News Topics
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March 7, 2024
An Avalanche Blocked a Massive Tunnel In Italy, Isolating Over 6,000 People
Thousands of people were isolated on March 3 after an avalanche ripped through Italy’s Aosta Valley and covered a tunnel. The tunnel is a major roadway near the town of Gressoney-Saint-Jean, effectively leaving two municipalities completely cut off from the rest of the region. Meanwhile, the same storm was dumping...
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March 6, 2024
Thor Industries’ stock posts double-digit loss after earnings miss amid ‘challenging operating environment’
Recreational vehicle maker cuts 2024 guidance and missed earnings estimates. Thor Industries Inc.'s stock fell sharply on Wednesday after the recreational vehicle maker missed quarterly profit expectations and cut its 2024 guidance in the face of a challenging environment. Thor Industries (THO) stock fell 17% in premarket trades. Other RV...
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March 5, 2024
AdventureGenie Partners With RVshare
AdventureGenie, an AI-powered travel planning tool for camping and RV trips, has announced its partnership with RVshare, which connects RV renters to RV owners. This collaboration integrates RVshare into the AdventureGenie platform, offering users the ability to rent more than 100,000 RVs and opening the world of RV travel to the...
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March 5, 2024
Arc’teryx Pushes Amer Sports to Solid Sales Gains in First Quarter as a Public Company, But Loss Is Wider Than Expected
Amer Sports, Inc. reported strong sales on Tuesday morning, largely driven by its flagship Arc’teryx brand and strong sales in Greater China. The newly public Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 10 percent revenue increase in Q4 to $1.32 billion. Net loss narrowed to...
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March 4, 2024
EXEC: Fenix Outdoor Acquires 30 Percent of Fjällräven Retail Partner
Fenix Outdoor has acquired 30 percent of its local Fjällräven Brand retail partner, Arctic Fox s.r.o. Artic Fox runs six Fjällräven Stores and online businesses in the Czech Republic and Slovakia. Fenix Outdoor has an option to increase its ownership over time. SGB
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March 1, 2024
EXEC: Vista Outdoor Fields $2.9 Bn Offer to Acquire Company in All-Cash Deal
The Remington and Federal ammunition businesses, among others, have reportedly received an unsolicited interest from MNC Capital Partners, indicating that MNC would be interested in acquiring Vista Outdoor in an all-cash transaction for $35.00 per share. Before the March 1 release of the information by MNC on the morning of...
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February 29, 2024
Surf Expo and OR Parent Posts Net Loss for Q4 and Full Year
Emerald Holding, Inc., parent of the Outdoor Retailer and Surf Expo trade shows, reported fourth-quarter 2023 revenues were $101.5 million, an increase of 8.4 percent versus the fourth quarter 2022, said to be driven primarily by organic revenue growth of $5.2 million as well as $1.7 million in revenue from...
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February 28, 2024
REI Buys Grand Canyon Land for Glamping Destination
REI recently purchased 20 acres near the Grand Canyon to build its latest “Signature Camp,” a.k.a. glamping. It will open in spring 2025. Its “Adventures” travel business also added 10 new trips for 2024, making it a great time to find a new place to explore — while letting the...
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February 26, 2024
The Indoor Climbing Industry Is Booming, but the Transition Has Changed the Sport
At the end of 2023, a total of 785 climbing gyms were open in the United States, compared to 353 gyms in 2014. That’s a 122 percent increase in less than a decade. The industry accumulates over $30 billion in revenue yearly, according to the Climbing Wall Association—rivaling the general fitness, health, and...
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February 23, 2024
Strava is adding dog step counts and fitness rankings to its app
Strava has partnered with Fi, a smart dog collar maker that uses GPS, GLONASS, and GALILEO simultaneously — similar to a Garmin watch — to track your dog's accurate real-time location, broadcasting it via LTE-M cellular. The collar's main purpose is to ensure you can find your dog at all times, but...
