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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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...
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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
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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
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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...
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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...
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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
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October 30, 2024
BOA and Primaloft Lead Compass Diversified’s Q3 Active Brands Gains
Compass Diversified Inc. (CODI) reported sales grew 22.3 percent at BOA and 25.2 percent at PrimaLoft to lead the gains among its active lifestyle brands. At BOA, sales reached $45.6 million against $37.3 million a year ago. Non-GAAP adjusted EBITDA for BOA reached $17.1 million against $13.2 million a year...
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October 30, 2024
REI now a Canyon authorized service partner
Canyon Bicycles is expanding its service partner network by adding 28 REI Co-op locations. The consumer-direct brand's network already includes 66 independent bike shops in the U.S. and scores of independent service partners in Europe. All service, including frame warranty and crash replacements, will be fulfilled at Southern California, Denver, and...
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October 30, 2024
Garmin Ltd. Ups Guidance on Strong Double-Digit Q3 Growth in Fitness, Outdoor and Marine
Garmin Ltd. posted consolidated revenue of $1.59 billion for the third quarter ended September 28, a 24 percent increase compared to the prior-year third quarter. Revenue from the Fitness segment increased 31 percent to $463.9 million in the third quarter with growth across all categories led by strong demand for...
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October 30, 2024
Hipcamp Acquires BookOutdoors
Hipcamp, a leading global campsite booking company, announced the acquisition of BookOutdoors, an online travel booking platform for campgrounds, RV parks, cabins and glamping resorts. RVPro
