News Topics
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October 31, 2023
How a PE-Backed Glamping Company Grew Its Valuation by 5x in Just 13 Months
Seven years after founding the glamping company Under Canvas, in 2009, Sarah and Jacob Dusek knew it was time to raise outside funding. The couple's safari-inspired, luxury camping business had grown annual revenue to $8 million in 2016 from around $1 million in 2014 with just three sites, located near national parks in Montana...
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October 31, 2023
Ford will postpone about $12 billion in EV investment as buyers become more cautious
Ford Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a result, it’s postponing about $12 billion in planned spending on new EV manufacturing capacity. Customers’ reluctance to pay extra for...
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October 30, 2023
Update: Planned theme park promises ‘more to come’ during RV park groundbreaking
The American Heartland Theme Park and Resort is planned to be a 1,000-acre development with a 125-acre theme park, which is comparable to the size of Disneyland and the Magic Kingdom. The theme park alone would be nearly twice the size of Tulsa’s Gathering Place, which is 66.5 acres. The...
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October 30, 2023
How Wave Pools Are Deploying AI as a Revenue-Producing Tool
Wave parks seem to be the first to deploy artificial intelligence in a practical way connected to surfing. And it’s immediately being promoted as a revenue tool for them. Wavegarden announced this week that it’s using an AI-based video tracking program, which will allow park guests to track their sessions...
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October 30, 2023
Mountain Hardwear Down 9% in Q3 as Brand Works on Refresh
Outdoor apparel and gear brand Mountain Hardwear posted sales of $29.2 million for the third quarter ended Sept. 30, down 9% compared to the same period last year. The decline was driven by lower fall 2023 wholesale shipments, and was partially offset by DTC growth, said Tim Boyle, CEO of parent company...
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October 30, 2023
Campers Inn RV Announces GM Transition, Seeks Successor
Campers Inn RV of Louisville, Kentucky, announced the impending transition of its general manager, Paul Cunningham, who will be taking a new role with the company. Cunningham has been a “trailblazing figure” with a 45-year career in the RV industry. His departure from general manager will open a coveted role...
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October 28, 2023
Thule’s Profits Bounce Back in Third Quarter
Thule Group reported a strong recovery in earnings in the third quarter as sales rose 8.0 percent. Sales in the North American region decreased 15 percent on a currency-neutral basis. The Sweden-based maker of outdoor and transportation products reported net sales for the quarter amounted to SEK 2,311 million ($205.8...
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October 27, 2023
Columbia Sportswear (COLM) Q3 Earnings Surpass Estimates
Columbia Sportswear (COLM) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.19%. A quarter...
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October 26, 2023
Hoka Continues to Drive Deckers Brands in Q2, Ugg Returns to Profit
Shares for Deckers Brands were up nearly 10 percent on Thursday evening after the bell, as the footwear company reported another positive quarter driven by its star Hoka and Ugg brands. The Goleta, Calif.-based footwear company reported net sales in the second quarter of 2024 increased 24.7 percent to $1.09...
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October 25, 2023
September Shipment Report Released
Total RV shipments decreased 12.9% in September, compared to last year, according to the RV Industry Association’s survey of manufacturers. September saw the shipment of 24,700 units, compared to the 28,363 units shipped in September 2022. To date this year, RV shipments are down 42.8% with 238,121 total units. RV...
