Sports News and Press Releases about Outdoor Industry Business
Want to stay up to date on the latest press releases and business news in the outdoor sports and camping industries? Scroll below to view all outdoor industry business news.-
November 10, 2024
Vuori Valued at $5.5 Billion in New Round of Investment
Vuori has landed a new round of investment to support the continued growth of the hot-selling brand. The company announced Friday that two private equity firms – General Atlantic and Stripes – along with a cohort of additional investors, are sinking $825 million into Vuori. SHOPeatSURF
-
November 8, 2024
Black Diamond’s Plan to Shrink to Improve Profitability Takes Hold
The new leadership team at Black Diamond Equipment continues to make progress in restructuring the brand with the goal of having a smaller, more profitable business that focuses on the highest volume and highest margin styles. Those initiatives paid off during the third quarter ended Sept. 30, with the brand’s adjusted EBITDA...
-
November 8, 2024
Jeep-Maker Stellantis to Lay Off 1,100 Workers in Ohio
European auto giant Stellantis said it would lay off 1,100 workers at its Jeep factory in Toledo, Ohio, in an effort to regain its competitive edge as it struggles with falling sales. Stellantis, a 14-brand group that includes Peugeot, Fiat and Chrysler, said it would move from a two-shift to...
-
November 7, 2024
Wolverine Worldwide CEO Says Merrell and Saucony Sales ‘Outpaced Forecast’ in Q3
Shares for Wolverine Worldwide were up over 9 percent in pre-market trading on Thursday following continued signs that the company’s turnaround strategy is taking hold. Footwear News
-
November 7, 2024
Yeti Revenues Expand Double-Digits in Third Quarter on Wholesale Bounce
Yeti Holdings, Inc. profits rose 18 percent on an adjusted basis, driven by improving margins and a 10 percent sales gain. The maker of Drinkware and Coolers saw balanced growth across product categories and channels while updating its FY EPS outlook to the high end of its previous range. SGB...
-
November 7, 2024
Solo Brands Logs Deep Q3 Loss on Terminated Marketing Contract, Impairment Charges
Solo Brands, Inc. posted a net loss of $111.4 million in the third quarter due to costs related to the termination of an underperforming marketing agreement, impairment charges for IcyBreeze and an impairment charge related to its declining stock price. SGB Media
-
November 5, 2024
REI Changes Its Legendary Return Policy, with Crackdowns on the Way
As of November, thousands of REI members may no longer have access to one of the retailer’s best perks: a 365-day return window. In fact, they won’t be able to make any returns at all. Gear Patrol
-
November 1, 2024
California To Ban The Sale And Use Of Single-Use Propane Cylinders, For Good Reason
California has become the first state to ban the sale of single-use propane cylinders. Governor Gavin Newsom signed Senate Bill 1280 into law, which mandates that all one-pound propane canisters sold in California must be refillable or reusable beginning January 1, 2028. The bill, introduced by Senator John Laird of...
-
November 1, 2024
Major ski resort announces immediate closure with impact on surrounding area: ‘We are devastated and shocked’
The oldest ski resort in the Isère — France's third-biggest mountain destination, with nearly two dozen resorts — has been forced to close due to a lack of snow. It's the largest ski resort in the northern Alps to shutter its operation amid dwindling seasonal snowfall. The French ski resort...
-
October 31, 2024
GoPro plans to cut 26% workforce as part of updated restructuring plan
GoPro (NASDAQ:GPRO) said it plans to cut about 26% of its workforce, as part of an updated restructuring plan. The wearable video camera maker in August said it intended to cut 15% of its workforce from its ending second quarter headcount of 925 full-time employees. MSN
