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.-
October 18, 2023
Mammut Aiming for $100 Million in North American Revenue
Mammut has almost quadrupled its revenue in the past four years in North America, according to North American General Manager Kris Kuster, and the company’s ambitions are to hit the $100-million mark in revenue in the region by 2028. Before Mammut was sold to private equity firm Telemos Capital in...
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October 17, 2023
VF Corp.’s Shares Jump on Activist Investor’s Move
Shares of VF Corp. jumped 14 percent on Tuesday after activist investor Engaged Capital reported that it had built a stake in the owner of Vans and The North Face and planned to push for changes, including steep cost cuts and a board overhaul. Shares were up $2.26 on Tuesday...
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October 17, 2023
Vail Resorts chief marketing officer to exit in latest executive shakeup
Vail Resorts, in a securities and exchange commission report filed Monday, announced that the company’s chief marketing officer, Ryan Bennett, will no longer be with the company as of Oct. 20. Bennett’s departure will be treated as an involuntary separation, and therefore “the company expects to enter into a severance...
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October 16, 2023
Vista Outdoor sells ammunition business in $1.91 billion deal
Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group. CSG is acquiring four factories and the consumer brands CCI, Federal, HEVI-Shot, Remington and Speer....
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October 13, 2023
REI cuts 275 retail jobs in bid to restructure brick-and-mortar stores
Seattle-founded REI cut 275 retail jobs, including 19 in Washington, as part of a broader plan to restructure stores. The layoffs affect 2% of the outdoor retailer’s workforce nationally. The decision comes as the company is trying to change its brick-and-mortar business model. Seattle Times
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October 11, 2023
Alterra Mountain Company to acquire Mike Wiegele Heli Skiing in Canada
Alterra Mountain Company (owners of Ikon Pass) have announced an intention to acquire Mike Wiegele Helicopter Skiing in Blue River, British Columbia. Established in 1970, Mike Wiegele Heli Skiing is located in the heart of the magnificent Cariboo, Monashee, and Rocky Mountains ranges. This unique area of British Columbia is...
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October 10, 2023
REI Co-op opens state-of-the-art distribution center in Lebanon, Tennessee that prioritizes the employee experience while setting a new standard in fighting the climate crisis
National specialty outdoor retailer REI Co-op started fulfillment from its new state-of-the-art distribution center in Lebanon, Tennessee supporting its steady growth in the Midwest and Southeast. The new distribution center will serve more than 60 stores and 5.6 million REI members in the area. The facility's design and operations prioritize the employee experience...
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October 5, 2023
Vista Outdoor Announces Name for Outdoor Products Segment
Vista Outdoor Inc., the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, announced the name and identity of its Outdoor Products segment following a planned separation. Outdoor Products will be named Revelyst, Inc., and the company will trade...
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October 5, 2023
Vista Outdoor Announces Name for Outdoor Products Segment
Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced the name and identity of its Outdoor Products segment following a planned separation. Outdoor Products will be named Revelyst, Inc., and...
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October 4, 2023
Hydro Flask, Osprey Parent Sees Flattish Outdoor Segment Sales In Fiscal Q2
Helen of Troy reported sales in its Home & Outdoor segment, including OXO, Hydro Flask and Osprey eased 0.2 percent in the fiscal second quarter ending August 31, to $240.0 million. Organic sales were off 0.5 percent primarily due to a brick-and-mortar sales decline in the insulated beverage category, lower...
