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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January 5, 2023
Osprey, Hydro Flask Parent Sees Drop In Fiscal Q3 Home & Outdoor Segment Sales
Helen of Troy, Ltd. reported sales in its Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, were down 7 percent on a reported basis and 23.3 percent on an organic basis in the third quarter ended November 30. Helen of Troy’s overall sales were down 10.6 percent...
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January 4, 2023
Active Lifestyle Stocks Face Turbulence In 2022
The majority of stocks in the active lifestyle space took it on the chin in 2022 as broader stock markets in the U.S. saw their worst performance since the 2008 financial crisis. All three of the major averages suffered their worst year since 2008 and snapped a three-year win streak....
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January 4, 2023
Puffin Drinkwear Raises Series A Funding Round
Puffin Drinkwear, makers of personality-infused apparel for your drink to wear, announced today a Series A round led by Village Family Capital and Jim Collis of Colfam Management. The company also announced new CFO Arianna Moore to join the Puffin Drinkwear team, bringing significant financial leadership experience with Private Equity...
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December 24, 2022
Havasupai Tribe says Havasu Falls will reopen on Feb. 1
The Havasupai Tribe announced Friday that it plans to reopen its tourism operations in 2023. The Tribe, located in Mohave County on the Grand Canyon's West Rim, operates permits for the popular Havasu Falls. Tourism at the reservation has been closed since the start of the coronavirus pandemic in March...
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December 22, 2022
Patagonia to close stores, give employees paid week off for the holidays
Patagonia employees in the U.S. and Canada will get a paid week off to end the year again. CEO Ryan Gellert wrote ,“Our North [American] stores, customer service operations and warehouse will be closed from December 25 through January 1 because we believe in providing quality of life for our...
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December 19, 2022
Fallout from the Pandemic Bike Boom
A month after lockdowns had them wondering about their future in the spring of 2020, they suddenly couldn’t keep up with demand. For a year and a half, staff worked overtime as Americans rolled out their dusty steads or bought new ones. A 50 percent increase in riding, plus supply...
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December 19, 2022
VF Corp mulling JanSport sale: Bloomberg
VF Corp. is mulling a sale of its JanSport brand, according to a Bloomberg report citing unnamed sources. The deal would value the 55-year-old brand, best known for its backpacks, at about $500 million, per the report. A spokesperson for VF Corp. declined to comment. Retail Dive
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December 12, 2022
Fenix Outdoor To Divest Primus Brand
Fenix Outdoor AB agreed to divest Primus AB and its subsidiary, Primus Eesti Ou, to Silva Sweden AB, at closing in Spring 2023. Until then, Primus, the manufacturer of camp stoves and lanterns, will be migrated from Fenix Outdoors’ IT environment. SGB
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December 9, 2022
Johnson Outdoors Sees 18 Percent Revenue Growth In Fourth Quarter
Johnson Outdoors, Inc.’s sales jumped 18 percent in the fiscal fourth quarter ended September 30 and profitability improved as supply availability in its core Fishing segment started to improve. Sales in the Watercraft Recreation and Camping segment were down while the Diving segment saw mid-single-digit gains. Fiscal 2022 sales fell...
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December 8, 2022
Former Hydro Flask CEO to Lead Puffin Drinkwear
Puffin Drinkwear, makers of personality-infused apparel for your drink to wear, announced that Scott Allan is being brought on as interim CEO starting immediately. Allan led Hydro Flask initially as President & CEO and following its acquisition by Helen of Troy, as SVP & Global GM. SES
