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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August 25, 2022
REI Workers At Berkeley Store Vote To Unionize In Another Win For Labor
REI employees in Berkeley, California, have formed the outdoor retailer’s second union, extending a winning streak for organized labor at largely non-union companies. Workers at the Berkeley store voted 56 to 38 in favor of joining the United Food and Commercial Workers (UFCW) union in a mail-in election this month,...
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August 24, 2022
California to Ban All New Gas Car Sales
On Thursday, California might enact a rule that experts said would constitute one of the world’s most important climate change policies. The sweeping plan would prohibit the sale of all new gas-powered cars in the state by 2035. Issued by the California Air Resources Board (CARB), the measure will require...
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August 23, 2022
Ford to Cut 3,000 White-Collar Jobs in EV Reorganization
Ford Motor Co. announced on August 22 that it would cut 3,000 jobs, most of them in the United States. The cuts are meant to reduce costs as the company reorganizes around electric vehicles. Ford will let go of 2,000 salaried workers and 1,000 agency employees in the US, Canada...
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August 23, 2022
Vail Resorts Will Limit Daily Lift-Ticket Sales This Winter to Cut Down on Crowds
Vail Resorts dropped opening dates on Tuesday at all of its North American ski areas, plus a little surprise: Daily lift ticket sales will be capped for the 2022-23 season in an effort to cut down on crowding on the mountains. The move comes a year after the international ski...
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August 19, 2022
Movement Introduces New CEO
Movement Climbing, Yoga, and Fitness, the Nation’s largest community of climbing gyms, proudly introduces its new chief executive officer. Jeremy Levitt, a respected leader in the outdoor industry, will enhance the thriving company culture and continue to grow the business through creating best-in-class climbing, yoga, and fitness experiences. cbj
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August 16, 2022
Noticed More Running Gear in REI Lately? You’re Not Imagining It.
The retailer is expanding aggressively into the running market, with an eye for attracting new customers. Outside
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August 5, 2022
Johnson Outdoors’ Q3 Hampered By Rising Input Costs And Supply Chain Disruption
Johnson Outdoors reported a sharp decline in earnings in its fiscal third quarter ended July 1 due to supply chain challenges, especially within its fishing segment, as well as rising raw materials costs tied to supply chain dynamics. Sales in the quarter declined 4.6 percent to $203.8 million. Sales were...
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August 4, 2022
GoPro has modest year-over-year revenue growth in second quarter
GoPro Inc. second-quarter revenue grew slightly year-over-year, while the sport camera brand reported a 65% jump in subscribers during the period. Revenue for the quarter ending June 30 was up 0.4% to $251 million, compared with $250 million at the same time last year. Net income for the quarter was...
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August 4, 2022
BOA Paces Compass Diversified’s Second Quarter Gains
Compass Diversified Holdings (CODI) reported BOA recorded a 34.7 percent year-over-year gain in the second quarter ended June 30, the strongest growth among its active lifestyle holdings. Sales increased 9.1 percent for 5.11 and 12.2 percent for Marucci Sports but declined 15.0 percent for Velocity Outdoor. SGB Media
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July 29, 2022
Walmart to open mini general stores at Getaway campsites
Walmart will open tiny general stores at several camping outposts run by destination company Getaway offering essentials ranging from hiking apparel to cast iron skillets. The first general store will open in August at Getaway Hill Country in Wimberley, Texas, located near Austin and San Antonio. Additional stores will open...
