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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July 29, 2022
Newell Brands’ Outdoor & Recreation Segment Sees 2.5 Percent Q2 Core Sales Growth
Newell Brands reported sales in its Outdoor & Recreation segment reached $427 million compared with $453 million in the prior year period, down 5.7 percent. Reported operating income at the Outdoor & Recreation segment was $46 million, or 10.8 percent of sales, compared with $48 million, or 10.6 percent of...
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July 27, 2022
Columbia Sportswear Company Reports Second Quarter and First Half 2022 Financial Results
Columbia Sportswear Company announced second quarter 2022 financial results for the period ended June 30, 2022.Net sales increased 2% to a record $578.1 million, compared to second quarter 2021. Operating income decreased 75% to $8.8 million, or 1.5% of net sales, compared to second quarter 2021 operating income of $35.0...
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July 27, 2022
Vista Outdoor’s Q1 Tops Guidance On Sporting Products Momentum
Vista Outdoor reported earnings on an adjusted basis rose 33% in the first quarter ended June 26 on a 21% revenue gain. Strong double-digit growth in the Sporting Products segment offset a 2% decline in Outdoor Products, primarily driven by Outdoor Accessories. Sales increased 21% to $803 million, gross profit...
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July 27, 2022
Garmin Q2 Sales Dragged Down By Weakness In Fitness Wearables
Garmin, Ltd. reported sales declined 6 percent in the second quarter ended June 25, pulled down by a 34 percent drop in the fitness segment. Garmin reduced its guidance for the year, with earnings being impacted by the strengthening of the U.S. dollar, high inflation, and rising interest rates. SGB...
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July 22, 2022
Thule Group’s Q2 Sales Expand 2.6 Percent
Thule Group reported earnings slipped 6.8 percent in the second quarter ended June 30 as sales grew 2.6 percent. In the second quarter of 2022, net sales amounted to SEK 3,314m (3,229), representing an increase of 2.6 percent. Adjusted for exchange rate fluctuations, net sales for the Group decreased 3.4...
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July 22, 2022
Lululemon Workers Look to Unionize D.C. Store, the First Location to Do So
A Lululemon store has started the process of organizing a union. A store in Washington, D.C. on Wednesday filed a request with the National Labor Relations Board to hold a union election. The group is looking for the company to voluntarily recognize their union, which is called the “Association of...
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July 22, 2022
Biden Has Reinstated FICOR, a Group Tasked With Growing the Outdoor Industry in the U.S.
The Federal Interagency Council of Outdoor Recreation (FICOR), whose goal was to support economic development through outdoor recreation, was reestablished in a White House signing ceremony yesterday, the Biden Administration announced. Established under President Obama, FICOR was suspended by the Trump Administration in 2020. With Thursday’s signing, FICOR again aims...
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July 19, 2022
REI Path Ahead Ventures Launches Navigate Accelerator Program
REI Path Ahead Ventures is launching its Navigate accelerator program, with an inaugural cohort of six companies. Path Ahead Ventures partners with founders of color as they further their growth in the outdoor industry. The 16-week Navigate program will bring founders together in-person and online to provide funding, mentorship, curated programming...
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July 13, 2022
Patagonia to pay $55,000 after allegedly violating Seattle scheduling law
Outdoor retailer Patagonia will pay nearly $55,000 to current and former Seattle retail employees after allegedly failing to post their schedules with enough notice. Seattle’s secure scheduling law requires large retail and food service companies to post hourly employees’ schedules at least two weeks in advance, pay employees when the company...
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July 6, 2022
Vista Outdoor To Acquire Fox Racing
Vista Outdoor, Inc. announced it had entered into a definitive agreement to acquire Irvine, CA.-based Fox Racing, the manufacturer of motocross, mountain bike and lifestyle-related gear, at a purchase price of $540 million, with the potential for an additional $50 million earnout based on the company’s financial performance. SGB Media
