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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March 20, 2023
Rack Attack Announces the Acquisition of Two New Stores in Calgary
Rack Attack, a leading retailer of car racks, bike racks, rooftop tents, overlanding, and other outdoor gear, has announced the acquisition of two new stores in Calgary, previously owned by Racks Unlimited. After the acquisitions, Rack Attack has a total of 38 stores in North America, further solidifying its position...
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March 15, 2023
Gregory Posts Double-Digit Currency-Neutral Sales Growth In 2022
Samsonite International S.A. reported sales at Gregory backpack brand reached $61.4 million in 2022 against $59.4 million a year ago, representing a gain of 3.4 percent year-over-year. Gregory’s sales climbed 12.7 percent on a currency-neutral basis. On a regional performance, Gregory’s North America net sales were up 13.7 percent vs....
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March 14, 2023
OR, Surf Expo Parent Swings To 2022 Profit On Triple-Digit Revenue Growth
Emerald Holding, Inc. reported significantly improved earnings and sales in the fourth quarter and year ended December 31 as trade shows continue to return to in-person events. Emerald hosts over 140 yearly events across multiple industries. In the active lifestyle space, venues include Outdoor Retailer, Surf Expo, The Sports Licensing...
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March 9, 2023
YETI Recalls More Than 2 Million Soft Coolers, Backpack Coolers Due to Choking Hazard
YETI Holdings Inc. issued a recall covering the YETI Hopper M30 Soft Cooler 1.0 and 2.0, the Hopper M20 Soft Backpack Cooler, and the SideKick Dry Gear case. The announcement follows a “stop sale” order issued by the company on Feb. 9, 2023, for the same range of products. Gear...
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March 9, 2023
How Patagonia Provisions is building out its product portfolio with its first-ever acquisition
This week, Patagonia’s food and beverage division announced the acquisition of cracker brand Moonshot. This acquisition is Patagonia’s first in two decades, and helps expand Patagonia Provisions’ growing CPG line – which includes tinned fish and seafood. Modern Retail
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March 6, 2023
ABG Reportedly Close To $1.3B Deal for Parent of Quiksilver, Billabong
The company is close to a deal with Boardriders — the parent company of Billabong, Quiksilver, and Roxy — for $1.3 billion, according to Bloomberg. The three brands are known for their surf gear, but also offer skiing and snowboarding apparel and equipment. FOS
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March 5, 2023
Vail Resorts closing 19 retail locations in Aspen, Snowmass Village and Telluride
The closures, which will happen once the ski season ends, are tied to the company’s decision to not renew store leases for another season, SSI Venture informed the Colorado Department of Labor in a Worker Adjustment and Retraining Notification Act letter dated Feb. 27. The Denver Post
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March 3, 2023
Workers at REI Cleveland store vote to join union
Workers at an REI location in Beachwood, Ohio, near Cleveland, have voted to join the Retail, Wholesale and Department Store Union (RWDSU). It will become the third REI store that is unionized, following stores in California and New York. Last month, workers at the store walked out for a few hours, forcing...
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March 1, 2023
Compass Diversified Posts Q4 Loss Despite Mid-Single-Digit Growth
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and others in the active lifestyle space, reported net sales in the fourth quarter of 2022 were $594.9 million, up 6 percent (+4 percent on a pro forma basis) compared to $559.9 million in the fourth quarter of 2021....
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February 27, 2023
Burton Snowboards Under Hacker Attack
If you’re looking to buy some winter gear or a snowboard from Burton, it might take some time. . . The well-known winter gear Vermont company has been dealing with a major cyberattack since Feb. 14, impacting their abilities to process orders and refunds online. Boardistan
