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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February 23, 2023
Yeti Posts Fourth-Quarter Loss On Massive Recall Charges
Yeti reported a loss in the fourth quarter as it absorbed $128.9 million in write-offs related to the recall of several magnet-lined products. Sales were up 1 percent in the fourth quarter but would have risen 10 percent, excluding the recalled products. Yeti also warned that 2023 profitability and sales...
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February 21, 2023
DICK’S Agrees to Acquire Moosejaw From Walmart
Moosejaw’s tenure as a Walmart holding will soon come to an end, its soon-to-be owner announced today. DICK’S Sporting Goods agreed to acquire the Michigan-based company from Walmart. With the acquisition, the mainstream sports-focused DICK’S figures to expand its outdoor sports portfolio, which currently focuses on its 2021-launched Public Lands...
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February 17, 2023
Olympia Sports Intellectual Property Sold At Auction
The intellectual property and related assets of Olympia Sports, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter, were sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank. Olympia Sports filed for bankruptcy last September to liquidate its remaining 35 stores....
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February 14, 2023
Ikon Settlement: Pass Holders to Receive Credits Following COVID Lawsuit
Alterra Mountain Company, the owner of 16 ski resorts and facilitator of the Ikon Pass, will pay a total of $17.5 million to those who held passes in the COVID-shortened 2019-2020 season. That’s after a Colorado judge awarded the sum following a court case in late January. Instead of a lump sum...
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February 13, 2023
Outside Is Launching a New Dynamic Paywall
Starting today all users will be able to view a limited number of articles across Outside Online each month—and soon to be rolled out on all of its sites—means readers no longer find certain stories blocked as premium only. It will also mean they need to at least register for...
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February 13, 2023
Oboz Sales Up Big in First Half of Fiscal Year
Sales of Oboz footwear, a division of New Zealand-based KMD Brands, grew 124% for the six months ended Jan. 31, after recovering from last year’s supply chain constraints caused by the COVID-19 pandemic. Last fiscal year, Oboz brought in NZ$61.3 million (US$39 million) in sales for the full year, at more than...
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February 10, 2023
Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q4; Loss Widens
The Outdoor & Recreation segment, which includes Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $211 million in Q4 compared with $304 million in the prior-year period, reflecting a core sales decline of 21.0 percent, as well as the impact of exits from certain...
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February 8, 2023
Cummins Reports Big Jumps in Revenue, Income for ‘22
Power generation company Cummins reported fourth quarter revenue of $7.8 billion, a double-digit increase over the same quarter as last year. The company reported net income of $631 million, also up from a year ago. For the full year, Cummins reported revenue of $28.1 billion, and net income of $2.2...
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February 7, 2023
Canada Goose Targets C$3 Billion In Revenue In Five Years
Canada Goose Holdings, Inc. ahead of its Investor Day, said it aims to nearly triple revenue to Canadian$3 billion (C$2.23 billion) in the next five years as it triples its store base and expands its categories and geographic reach. Sales are expected in the range of C$1.175 billion to C$1.195...
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February 4, 2023
GoPro’s Sales Drop 18 Percent In Fourth Quarter
GoPro, Inc.’s profits on an adjusted basis fell 68.2 percent in the fourth quarter as sales were down 18 percent. “GoPro ended the year with solid balance sheet metrics and $367 million in cash after repaying debt of $125 million and repurchasing $40 million in stock,” said Brian McGee, GoPro’s...
