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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March 18, 2024
NOLS Cuts 60 Jobs, Closes Campuses Amid ‘Financial Challenges’
One of the country’s most important institutions for outdoor education will lose three locations and several staff. The National Outdoor Leadership School (NOLS) announced dozens of layoffs and the closure of three campuses last week after a prolonged budget shortfall. The cuts mean that 60 positions, including 42 staff and 18...
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March 14, 2024
Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale
Solo Brands, Inc., parent of the Solo Stove, Chubbies, Oru Kayak, Isle, and Icy Breeze brands, reported that fourth-quarter net sales decreased 16.2 percent year-over-year (YoY) to $165.3 million, compared to $197.2 million in the prior-year fourth quarter. The decline was said to be due, in part, to a lack...
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March 14, 2024
‘We Need to Fight’: Union Organizing Booms in US Outdoor Industry
North Carolina’s Blue Ridge Parkway is “basically a nightmare” for labor unions. That’s according to organizers with the AFL-CIO, who faced a tough fight in 2023 to gain representation of all 160 workers stretched across the National Park’s 469 miles of mountain terrain. It’s difficult to meet with all the park’s...
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March 11, 2024
Vail Resorts Fiscal Q2 Hurt by Weather Issues, but Pre-Season Pass Sales Help
Vail Resorts, Inc. reported that season-to-date (STD) total skier visits decreased 9.7 percent, and total lift revenue increased 2.6 percent through March 3, 2024 compared to the fiscal year 2023 season-to-date period through March 5, 2023. Season-to-date ski school revenue was up 5.5 percent, and dining revenue was down 0.5...
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March 8, 2024
Lazy Days Holdings (GORV) Reports Q4 Loss, Misses Revenue Estimates
Lazy Days Holdings (GORV) came out with a quarterly loss of $1.09 per share versus the Zacks Consensus Estimate of a loss of $0.73. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of...
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March 7, 2024
REI adds Colorado store to list of 2024 openings
REI Co-op is adding a new location to its list of stores planned for 2024. The specialty outdoor retailer will open a 23,000 sq.-ft. store in Loveland, Colo. this summer, joining nine other locations in the state. In January, REI detailed plans to open 10 new stores in 2024, including locations in...
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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
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...
