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 29, 2023
Movement Expands; Acquires Multiple Gyms in the Northeast
A press release earlier this week announced that Movement, the largest network of climbing gyms in the United States, recently acquired The Cliffs’ five facilities. The acquisition encompasses all The Cliffs’ gyms in New York and Pennsylvania and brings the total number of Movement gyms to 29 across the country....
-
November 29, 2023
VF Corp. Lays Off About 500 Under Reinvent Turnaround Plan
VF Corp., parent of brands such as Vans and The North Face, confirmed today that it has laid off roughly 500 positions across the organization. A spokesperson confirmed the reductions are global and impact all brands, corporate functions, and geographies. The layoffs come as new VF President and CEO Bracken...
-
November 28, 2023
PEARL iZUMi and Nathan owner, United Sports Brands, acquired by Norwest Equity Partners
Norwest Equity Partners (NEP), a middle market investment platform founded in 1961, has acquired United Sports Brands (USB), which has a diverse portfolio of sporting goods and active lifestyle brands. The transaction closed on November 20, 2023, and financial terms were not disclosed. United Sports Brands’ (USB’s) six brands are: PEARL iZUMI,...
-
November 27, 2023
Vista Outdoor Receives Unsolicited Proposal to Buy Company
Vista Outdoor announced it received an offer last Wednesday from Colt CZ Group to buy the company for $30 per share, or $1.74 billion, which, if accepted, would scrap the deal announced earlier this year to sell Vista’s sporting products business to Czechoslovak Group (CSG) and spin off Vista’s outdoor...
-
November 21, 2023
Outdoor recreation contributed over $1 trillion to the US economy in 2022
According to the US Department of Commerce, the outdoors recreation industry contributed $1.1 trillion to the US economy in 2022. The Department of Commerce’s latest assessment reveals that last year, outdoors recreation put more back into the US economy than oil and gas extraction and mining combined, while being responsible for...
-
November 21, 2023
Beyond Unbound: Gravel Kansas launches a statewide gravel cycling network of routes, free of startlines and entry fees
LeLan Dains ,former co-owner of the famed Unbound Gravel event, has long been on a mission to showcase the best riding Kansas has to offer. This inspired Gravel Kansas, a statewide route creation initiative that empowers riders to explore the 98,000 miles of unpaved Kansas roads and the communities surrounding them. This...
-
November 21, 2023
Dick’s Sporting Goods reports record Q3 net sales of $3.04 billion
Dick's Sporting Goods' third-quarter net sales increased 2.8% year-over-year to a record $3.04 billion. Net income for the quarter was $201 million, down 11.8% from $228 million year-over-year. Earnings per share decreased 16.3%, from $2.94 to $2.46. BRAIN
-
November 21, 2023
No Climbing Allowed: Federal Proposal May Restrict Access Nationwide, Advocacy Groups Warn
Last week, the U.S. National Park Service and the U.S. Forest Service unveiled a policy that would designate climbing bolts and anchors as “permanent installations,” which are banned under the 1964 Wilderness Act. That caused immediate concern among climbing groups, who said the change could threaten climbing routes across the country, from...
-
November 20, 2023
Workers file unfair labor practice charges against REI
REI Co-op workers with the Retail, Wholesale and Department Store Union filed 80 nationwide unfair labor practice complaints against the outdoor retailer for bad-faith bargaining practices. The union said the federal complaints showed "a pattern of egregious anti-union behavior, emotional manipulation, and retaliatory actions against workers." According to the union,...
-
November 15, 2023
‘Campground & RV Park E-News’ Magazine Put Up for Sale
Noting that by the end of this year the company will have published 744 issues over its 15 years of existence, Industry E News announced recently that it is currently soliciting buyers for its weekly “Campground & RV Park E-News” digital magazine. RV Business
