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.
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May 1, 2024
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
Wolverine World Wide, Inc. announced that it entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company. Under the first agreement, Vida Shoes International will become the global licensee for Merrell and Saucony kids footwear, with rights to these products in almost all markets...
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May 1, 2024
Camping World Holdings, Inc. Reports First Quarter 2024 Results, Same Store New Vehicle Unit Volume Increases 16%, Bucking Industry Trends and Driving Record New Unit Market Share
Camping World Holdings, Inc. (NYSE: CWH) (the "Company" or "CWH"), America’s Recreation Dealer, today reported results for the first quarter ended March 31, 2024. Marcus Lemonis, Chairman and Chief Executive Officer of Camping World Holdings, Inc. stated, "Our intentional efforts to drive down invoice pricing and widen the consumer affordability...
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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 6, 2024
Christy Sports Exiting New Mexico
Christy Sports—that well-known purveyor of ski gear and togs visible at practically every resort in Colorado—is pulling its operations in New Mexico. The Colorado-based chain announced the move—which will take effect at the end of this season—Thursday. According to GlobeNewswire, "The Company made the decision to exit New Mexico to...
