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 1, 2023
Camping World’s Q2 Sales Skid 12.4 Percent
Profits at Camping World Holdings Inc. fell 67.3 percent in the second quarter ended June 30 as sales declined 12.4 percent. Revenue was $1.9 billion for the second quarter, a decrease of $267.9 million, or 12.4 percent. SGB
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August 1, 2023
Backpacking Without Landowner Permission Is Legal in England Again
A United Kingdom court ruled on Monday that members of the public don't need landowners' permission to wild camp in Dartmoor National Park anymore. This decision reversed a lower court's ruling and restored the park's status as the only place in England or Wales where backpackers have the right to...
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July 28, 2023
Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q2
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $333 million, down 22.0 percent compared with $427 million in the prior year period. The decline reflects a core sales decline of 20.9 percent, as well as the impact of...
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July 28, 2023
Clif Bar Continues to Improve Profitability Under New Owner
Mondelez International said its recently-acquired Clif Bar business continued to improve profitability in the second quarter with the help of higher prices amid “robust” sales growth and as Clif Bar recently overhauled its management team, including the exit of CEO Sally Grimes. At the close of February, Alexandre Zigliara was...
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July 26, 2023
Vista Outdoor’s Earnings Decline on 14 Percent Revenue Slide
Vista Outdoor, Inc. reported earnings declined 54 percent in the fiscal first quarter ended June 25. Sales dropped 14 percent with sales down 26 percent in the Sporting Products segment and 8 percent in the Outdoor Products segment. SGB
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July 26, 2023
How Geartrade Uses AI to Cut Costs, Reduce Employee Burnout
Geartrade, the online resale platform for used gear and apparel, is leveraging artificial intelligence not to replace its workforce, but to make its employees’ lives easier, according to company executives. In January, Geartrade launched an AI system that was constructed with data from more than a million pieces of used...
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July 24, 2023
Fenix Outdoor Posts Q2 Sales and Profit Declines on Retail Inventory Issues
In March, the company warned, after a solid sales growth period in Q1, that results in upcoming quarters could be pressured by elevated inventories and promotions in the marketplace. In the second quarter ended June 30, consolidated sales declined 6.1 percent to €152.7 million, compared to €162.7 million in the...
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July 19, 2023
As Camping Popularity Surges, RV Resorts Look to Capitalize With Hotel-Like Comforts
As camping continues to grow in popularity, campgrounds and RV resorts continue to add more amenities that have attracted interest from guests old and new. These new amenities and accommodations allow for an RV resort to compete with hotels for leisure demand in warmer weather seasons. Hospitality Net
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July 19, 2023
Thule Inc’s Q2 Sales Fall on Continued Cycling Inventory Imbalances
Thule Inc. reported another challenging quarter as sales fell 15 percent in the Swedish company’s second quarter. The decline was blamed on continued weak bike-related product sales as retailers continue to focus on reducing inventory levels. The maker of car racks and bike accessories indicated inventories had returned to more...
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July 17, 2023
General RV Center to Open First North Carolina Dealership
General RV Center, which calls itself the nation’s largest family-owned RV dealer, will join the North Carolina community with a new location in Salisbury scheduled to open next year. Located approximately 40 miles north of Charlotte in Rowan County, this will be General RV’s first dealership in North Carolina and...
