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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August 10, 2023
Wolverine to Close Boston Campus, Consolidate US Offices to Michigan
In tandem with a major leadership shift at the CEO level, Wolverine on Thursday announced the planned closure of its Boston headquarters by the end of the year and the consolidation of its offices across the U.S. to its Rockford, Mich., campus. FN
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August 7, 2023
Garmin signs purchase agreement to acquire JL Audio, a highly regarded audio solutions manufacturer
Garmin Ltd. announced it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers. PRN
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August 7, 2023
Kampgrounds of America’s Revenue Still Trending Up
Kampgrounds of America said its revenue has improved by 2% over the first half of this year, in a year-over-year comparison. Following years of record-breaking same-store revenue, the company anticipates more positive change, with advanced deposits up 9.5% over 2022. RV-Pro
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August 4, 2023
GoPro Gets Q2 Sales Lift on Lower Prices, Return to Retail Doors
GoPro said it saw an immediate retail sales and GoPro subscription lift in the second quarter due to its mid-quarter go-to-market strategy shift that included a return to pre-pandemic pricing and a greater emphasis on retail sales. The company reported exceeding its Q2 expectations for unit sales, revenue and subscriber...
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August 4, 2023
Jackson Hole Sold to Local Investors
After 31 years of ownership, Jay, Connie, and Betty Kemmerer have sold Jackson Hole Mountain Resort (JHMR) to a group of local investors for an undisclosed amount. Owners of JHMR Connie, Betty and Jay KemmererThe Kemmerers, who purchased JHMR in 1992, said their highest priority was maintaining JHMR’s status as...
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August 3, 2023
Solo Brands Posts Wholesale Growth in Q2, DTC Business Down
Solo Brands, parent company of Solo Stove, Oru Kayak, Isle, and Chubbies, posted a significant gain in its wholesale business for the second quarter of the year. Wholesale revenues increased 57% to $31.3 million for the quarter ended June 30. Solo’s wholesale growth and momentum is coming primarily from the...
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August 3, 2023
Canada Goose’s Q1 Sales Expand 21 Percent, Topping Expectations
Canada Goose Holdings, Inc. reported a slightly wider loss in the fiscal first quarter ended July 2 despite 21 percent sales growth. Both sales and earnings topped guidance, and the outerwear maker reiterated its outlook for its fiscal year. All amounts are in Canadian dollars. Total revenue of $84.8 million...
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August 2, 2023
Independent mountain bike magazine Cranked to cease publication
Independent mountain bike magazine Cranked is to cease publication next month, with its 34th edition the last to roll off the printers. Founded in 2015 by photographer and writer Rogers, Cranked operated with the tagline “a magazine for mountain bikers”, and each quarter delivered high quality writing and photography from...
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August 2, 2023
Garmin (GRMN) Surpasses Q2 Earnings and Revenue Estimates
Garmin (GRMN) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.40%. A quarter ago,...
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August 1, 2023
Yellowstone workers unionize as widespread dissatisfaction persists in the National Park Service
Workers at Yellowstone National Park recently voted to unionize in a landslide vote, according to the National Federation of Federal Employees (NFFE). The organization hopes to improve working conditions, pay and general satisfaction within the first national park in the U.S. Wyoming Public Media
