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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September 29, 2022
Johnson Outdoors Announces Cash Dividend Increase
Johnson Outdoors Inc. announced approval by its Board of Directors of an increased quarterly cash dividend. Class A shareholders will now receive a 31 cents dividend per share and Class B shareholders a 28 cents dividend per share. The quarterly cash dividend is payable on October 27, 2022, to shareholders...
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September 28, 2022
Vail Resort’s Strong Recovery In Fiscal 2023
Vail Resorts, Inc. reported results for its fourth quarter and fiscal year ended July 31 outperformed results from the prior year primarily due to the impact of COVID-19 and related limitations and restrictions on results for the previous year. Season-to-date season pass sales are ahead 7 percent, and the company...
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September 27, 2022
REI to Give Every Employee Paid Time Off to Vote
Specialty outdoor retailer REI Co-op announced today that it will delay the opening of its stores by two hours this Election Day to give every employee paid time off for civic engagement. As part of its Your Vote Can’t Wait campaign, the co-op has also created an election resource hub...
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September 23, 2022
Exclusive: Black Folks Camp Too Signs First State RV Association as Partner
North Carolina-based Black Folks Camp Too (BFCT), a company that strives to connect the outdoor industry to what it says is a vastly untapped market – Black people – announced that for the first time, it is partnering with a statewide RV dealers association. Dealers Association has signed with BFCT founder Earl...
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September 22, 2022
Wolverine Worldwide, 3M To Pay $54M In PFAS Class Settlement
A judge has given tentative approval in a $54 million settlement involving Wolverine Worldwide and 3M Co. related to a class action lawsuit over PFAS chemicals that contaminated drinking water in western Michigan. The chemicals from a since-closed tannery were discovered five years ago. SGB Media
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September 22, 2022
Columbia Sportswear Looks to Add $700 Million in Net Sales by 2025, Fueled by Growth at Sorel
At its first investor day since going public in 1998, Columbia Sportswear Co. outlined ambitious long-term growth targets. The Portland, Ore.-based sportswear company on Thursday laid out a goal to add over $700 million in net sales by 2025, a strategy that hinges on growth in footwear, digital sales and...
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September 21, 2022
Dick’s Sporting Goods opening more Public Lands’ stores
Dicks’s Sporting Goods is more than doubling its Public Lands’ store portfolio. The sporting goods giant will open four Public Lands stores this fall, starting in Framingham, Mass., on October 14. Additional locations include Melville, N.Y., on October 21; Kennesaw, Ga., on October 28; and Medford, Ore., on November 4. CSA
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September 15, 2022
Patagonia’s billionaire owner gives away company to fight climate crisis
Setting a new example in environmental corporate leadership, the billionaire owner of Patagonia is giving the entire company away to fight the Earth’s climate devastation, he announced on Wednesday. Patagonia founder Yvon Chouinard, who turned his passion for rock climbing into one of the world’s most successful sportswear brands, is...
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September 14, 2022
Alterra Mountain Company Acquires Ski Butlers
Alterra Mountain Company announced it has acquired ski equipment rental and delivery company Ski Butlers. The Park City, Utah-based Ski Butlers will continue to operate as a standalone business providing services to 50 ski destinations worldwide. Ski Butlers Chief Revenue Officer Mike Cremeno said the acquisition was a “super clean”...
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September 13, 2022
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year. Thule noted that it communicated in its half-year report on July 21 that the general market in bike retail, at the time,...
