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.-
February 9, 2024
Prana Records 21% Revenue Drop in 2023
Active lifestyle brand Prana’s 2023 revenue dropped 21% to $113.6 million as parent company Columbia Sportswear works to find the formula that will return the brand to growth. Columbia acquired Prana in the summer of 2014 for $190 million in cash. At the time, Prana was expected to generate $100 million in...
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February 7, 2024
GoPro Q4 and 2023 revenues each decrease 8%
GoPro Inc. fourth-quarter revenue declined 8% year-over-year as did its 2023 revenue despite camera sell-through increases in the second half of the year. Quarterly revenue was $295 million, compared with $321 million year-over-year. For the year it was $1.0 billion, compared with $1.09 billion in 2022. Bicycle Retailer
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February 6, 2024
Sorel 2024 Revenue Expected to Fall Double Digits
Industry footwear brand Sorel, owned by Columbia Sportswear, is experiencing weak sell through this season, which is weighing on future wholesale orders, according to Columbia executives. The brand has been a growth story for Columbia in the past. The Daily Outdoor Retailer
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February 5, 2024
Columbia Sportswear Facing Layoffs and Cost Cuts
Columbia Sportswear is facing tough outdoor and wholesale challenges ahead. A lackluster fourth-quarter report resulted in layoffs, as well as an expectation for “erosion in profitability” in 2024. And the company’s challenges include cautious retail partners and greater competition from other brands. The company projected first-quarter net sales to be...
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February 5, 2024
Alterra Mountain Company to buy Arapahoe Basin in Colorado
Alterra Mountain Company has entered into an agreement to purchase Arapahoe Basin in Colorado. The ski resort is currently owned by Dream Unlimited Corp. A-Basin often boasts the longest ski season in Colorado, many times running through June and even July 4. The ski resort is located 68 miles from...
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February 5, 2024
RV sales ‘normalizing’ to pre-pandemic numbers following huge boom in sales
After a tremendous boom during the pandemic, RV sales are normalizing back to pre-COVID times, but that doesn't mean Americans aren't camping. According to Kampgrounds of America, around 57% of campers have already booked a trip for this year. The pandemic threw a lot of businesses under the bus but...
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February 1, 2024
Salomon Owner Amer Sports Raises $1.37 Billion in U.S. IPO
Amer Sports, Inc. raised $1.37 billion its U.S. initial public offering (IPO), a total that fell short of its projected $1.8 billion. The Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, sold 105 million ordinary shares for $13 each. The company previously anticipated offering 100 million ordinary...
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January 31, 2024
Yeti Acquires Backpack Brand Mystery Ranch
Outdoor products company Yeti announced Wednesday that it has acquired growing pack brand Mystery Ranch. Terms of the deal were not disclosed. The Daily will update this story with more information from the companies as this develops. Mystery Ranch will continue to operate out of Bozeman and will work with...
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January 26, 2024
REI Lays Off More than 300 Employees as It Warns About Rocky 2024
CEO Eric Artz notified employees in a Jan. 25 letter that the outdoor retailer would lay off 357 people across its organization, including 200 corporate employees at its Sumner, Wash. headquarters and 121 in its distribution centers. The news follows Nike’s December announcement to “streamline” its organization and cut costs,...
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January 25, 2024
RV Shipments Top 313,000 For 2023
Results for the RV Industry Association’s December 2023 survey of manufacturers found that total RV shipments ended the month with 21,522 units, an increase of 8.1% compared to the 19,907 units shipped in December 2022. RV shipments in 2023 ended with 313,174 units, down (-36.5%) compared to 2022. RVIA
