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.-
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...
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February 29, 2024
Surf Expo and OR Parent Posts Net Loss for Q4 and Full Year
Emerald Holding, Inc., parent of the Outdoor Retailer and Surf Expo trade shows, reported fourth-quarter 2023 revenues were $101.5 million, an increase of 8.4 percent versus the fourth quarter 2022, said to be driven primarily by organic revenue growth of $5.2 million as well as $1.7 million in revenue from...
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February 26, 2024
The Indoor Climbing Industry Is Booming, but the Transition Has Changed the Sport
At the end of 2023, a total of 785 climbing gyms were open in the United States, compared to 353 gyms in 2014. That’s a 122 percent increase in less than a decade. The industry accumulates over $30 billion in revenue yearly, according to the Climbing Wall Association—rivaling the general fitness, health, and...
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February 23, 2024
Merrell Expects DD Decline in 2024; Return to Growth in H2
Merrell brand parent company Wolverine Worldwide (WWW) outlined progress and planning for some of its top brands when discussing fourth-quarter and full-year results, pointing to the outdoor footwear brand as a key contributor. Wolverine’s CEO Chris Hufnagel said the Merrell brand will have the opportunity to work more closely with...
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February 22, 2024
Hidden gems, off-season trips highlights of 325.5 million national park visits in 2023
The National Park Service announced that 400 national parks reported a total of 325.5 million recreation visits in 2023, an increase of 13 million or 4% over 2022. In addition to the continued growth in overall numbers, NPS data shows that visitation is increasing in the more traditional off-seasons at many...
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February 21, 2024
Camping World Selling More New Models but Lower ASPs Cut into Revenues
Camping World Holdings, Inc. Chairman and CEO Marcus Lemonis in a company release new vehicle same-store unit growth turned positive beginning in December 2023, and January and February to-date are trending up from mid-single-digit to low-double-digit growth. Revenue was $1.1 billion in the fourth quarter, a decrease of 13.4 percent...
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February 21, 2024
KOA’s Monthly Report Highlights Surge in 2024 Travel Bookings
Kampgrounds of America (KOA)’s latest monthly report showed a significant uptick in travel bookings for the 2024 season, particularly among Gen Z campers. The report indicates the continuing trend of integrating road trips with camping, noting a 10% higher preference for road trips over traditional camping activities. This preference highlights a...
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February 15, 2024
YETI Reports Fourth Quarter and Fiscal Year 2023 Results
YETI Holdings, Inc. announced its financial results for the fourth quarter and fiscal year ended December 30, 2023. Fourth quarter net sales increased 16%; Adjusted net sales increased 6%, net sales were highlighted by a 12% increase in Drinkware net sales and a 44% increase in International net sales; International...
