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.-
May 25, 2023
Patagonia eco-brand unscathed by polarized climate
Outdoor retailer Patagonia, which is steering profits into fighting climate change, has the top ranking in the 2023 Axios Harris Poll 100 brand reputation survey. The outdoor apparel company appears to have successfully avoided polarizing battles that have ensnared other big brands, and alienated some consumers. AXIOS
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May 23, 2023
Dick’s SG Posts 5.3 Percent Comp Sales Growth In Q1; EPS Up 38 Percent
Dick’s Sporting Goods reported net sales for the fiscal first quarter* rose 5.3 percent to $2.84 billion from $2.70 billion in the prior-year Q1 period. Comparable store sales grew 3.4 percent, partially reversing the 8.4 percent comp store sales decline in the year-ago period. Net income increased 17 percent to...
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May 22, 2023
Why REI’s Grassroots Unionization Efforts Are Spreading Across the Fleet ‘Like Wildfire’
“The pandemic seems to have sort of changed the labor environment in a way that sort of opened up an opportunity for unions,” said John Logan, a labor professor at San Francisco State University. “Particular kinds of workers are very attracted to the idea of organizing right now as a...
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May 22, 2023
Canada Goose Sales Up 31.4% on International Success
Strength in China as well as the Europe, Middle East, and Africa region helped performance luxury brand Canada Goose record a 31.4% increase in sales for the fiscal fourth quarter ended April 2. The company said it is looking to grow in the future by increasing its appeal with younger...
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May 18, 2023
KOA Shakes Up Campground Management Positions
Kampgrounds of America (KOA) announced two new leaders tasked with leading both franchise and owned campground operations. Jill Currier has been promoted to senior vice president of operations for the owned properties of KOA, while Bill Gottwals joins the company to oversee the franchised locations as senior vice president of...
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May 11, 2023
Yeti Posts Q1 Revenue Growth Despite Recalls
Yeti managed to post revenue growth in the first quarter despite the negative impacts of the voluntary recall of three different products due to safety concerns and a slower pace of wholesale orders in North America. In March, Yeti initiated the voluntary recall of the Hopper M30 Soft Cooler, the...
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May 11, 2023
Solo Brands acquires TerraFlame
Adding to its portfolio of direct-to-consumer companies, Solo Brands on Thursday announced it acquired TerraFlame for an undisclosed amount. TerraFlame’s team will become a part of Solo Brands, including CEO Lenny Vainberg, who will transition to the role of TerraFlame general manager, according to a company press release emailed to...
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May 10, 2023
Merrell and Saucony the Stars for Wolverine Worldwide in Q1
Hiking brand Merrell and running brand Saucony were the stars for parent company Wolverine Worldwide in the first quarter ended April 1. The company believes those two brands, along with active brand Sweaty Betty, have the most potential to grow and is focusing its efforts and investments on them. The Daily OR
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May 10, 2023
GoPro Q1 revenue down 19% in Q1
For the quarter ending March 31, revenue was $175 million, compared with $217 million at the same time last year. Subscribers were up 36% year-over-year (2.36 million). GoPro.com revenue, including subscription and service revenue, increased 7% year-over-year at $95 million (54% of all revenue). Retail channel revenue was $80 million,...
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May 9, 2023
U.S. Ski Industry Reports Record Visitation
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6% increase over the previous season. A skier visit is recorded every time an individual uses a lift ticket or pass...
