News Topics
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October 17, 2023
Vail Resorts chief marketing officer to exit in latest executive shakeup
Vail Resorts, in a securities and exchange commission report filed Monday, announced that the company’s chief marketing officer, Ryan Bennett, will no longer be with the company as of Oct. 20. Bennett’s departure will be treated as an involuntary separation, and therefore “the company expects to enter into a severance...
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October 16, 2023
Fully Electrified Van Life Has Arrived: Maxwell, Rossmönster Debut ‘Vanacea’
Combine an electric van from Maxwell and a campervan conversion from Rossmönster, and you get a Vanacea: a fully electrified home on wheels. The power system can support an instantaneous hot water heater, a 9,000-BTU heat pump, and an induction cooktop. It also comes with 1,560 W of solar capacity through...
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October 16, 2023
Vista Outdoor sells ammunition business in $1.91 billion deal
Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group. CSG is acquiring four factories and the consumer brands CCI, Federal, HEVI-Shot, Remington and Speer....
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October 13, 2023
REI cuts 275 retail jobs in bid to restructure brick-and-mortar stores
Seattle-founded REI cut 275 retail jobs, including 19 in Washington, as part of a broader plan to restructure stores. The layoffs affect 2% of the outdoor retailer’s workforce nationally. The decision comes as the company is trying to change its brick-and-mortar business model. Seattle Times
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October 12, 2023
The Future of Food? Nestlé Explores AI-Powered Personalized Nutrition
Artificial Intelligence may be one of the biggest buzzwords of 2023, and for good reason: fitness and health companies are among the leading players harnessing the simulation of human superpowers. Among those major players are food industry titans, who are clamoring in test kitchens, using algorithms to create recipes designed...
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October 11, 2023
Alex Honnold Loses Yosemite Speed Record
Nick Ehman has soloed The Nose in 4 hours and 39 minutes, breaking Alex Honnold’s solo record of 5 hours and 50 minutes which was set a decade ago. gripped
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October 11, 2023
Alterra Mountain Company to acquire Mike Wiegele Heli Skiing in Canada
Alterra Mountain Company (owners of Ikon Pass) have announced an intention to acquire Mike Wiegele Helicopter Skiing in Blue River, British Columbia. Established in 1970, Mike Wiegele Heli Skiing is located in the heart of the magnificent Cariboo, Monashee, and Rocky Mountains ranges. This unique area of British Columbia is...
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October 10, 2023
RV maker Thor Industries raises dividend by 7%
RV maker Thor Industries Inc. THO, +2.29% late Tuesday said its board has authorized a 7% dividend increase to 48 cents a share. The dividend is payable on Nov. 10 to shareholders of record on Nov. 1. Thor shares fell 1.3% in the extended session Tuesday after ending the regular trading day...
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October 10, 2023
Texas Developer to Build Two Gated, Luxury Resorts
Provident Realty Advisors (PRA), a Texas-based diversified real estate development and investment firm, and the Dallas-based office of Trez Capital, a preeminent provider of commercial real estate debt and equity financing solutions across North America, introduced Provident’s new luxury RV resort platform with the acquisition of two Texas development sites in Burleson and San...
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October 10, 2023
REI Co-op opens state-of-the-art distribution center in Lebanon, Tennessee that prioritizes the employee experience while setting a new standard in fighting the climate crisis
National specialty outdoor retailer REI Co-op started fulfillment from its new state-of-the-art distribution center in Lebanon, Tennessee supporting its steady growth in the Midwest and Southeast. The new distribution center will serve more than 60 stores and 5.6 million REI members in the area. The facility's design and operations prioritize the employee experience...
