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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April 14, 2022
As Running Sales Continue to Sprint Ahead, REI Is Making a Bigger Play for the Category
The retailer said on Thursday that it is continuing to invest in a multi-year strategy that builds upon recent category growth. According to REI Co-op, customer demand for running and fitness products has doubled since the height of the COVID-19 pandemic, and the retailer aims to meet this demand by broadening...
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April 13, 2022
Workers Organize America’s First Climbing Gym Union
Workers at Movement Crystal City in Arlington, Virginia, recently announced the imminent certification of their climbing gym union, reportedly the first in the United States. The process was overseen by the National Labor Relations Board (NLRB), an independent federal agency that enforces the National Labor Relations Act and “protects the...
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April 13, 2022
Wind Energy Company Cited for Killing More Than 150 Eagles
NextEra Energy subsidiary, ESI Energy, was fined $8 million and sentenced to 5 years’ probation after being charged with three counts of violating the Migratory Bird Treaty Act. The act states it’s illegal to kill or harm eagles. Gear Junkie
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April 13, 2022
REI 2021 Financial Results vs. 2019
REI reported its 2021 financial results Tuesday and the numbers provide good insight into just how much the outdoor industry is growing – especially compared to Before Times. REI’s 2021 revenue totaled $3.7 billion, a 20% increase over 2019. Shop Eat Surf
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April 11, 2022
Vail Resorts Announces Affordable Employee Housing Investments
Vail Resorts announced four investments to provide accessible and affordable housing for its employees at Park City Mountain in Utah, Whistler Blackcomb in British Columbia, Vail Mountain in Colorado, and Okemo Mountain Resort in Vermont as part of the company’s strategic focus on investing in the employee experience. Shop Eat Surf
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April 8, 2022
Can Blockchain Help Save the Wilderness? These Groups Think So
Cryptocurrency and the technology around it has gained a reputation as an environmental disaster. Armed with computer savvy and more efficient tech, a new class of conservation groups think it could be a force for good. Outside Business Journal
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April 6, 2022
Over Half of U.S. Waters Are Too Polluted to Swim or Fish
Earlier today, the US Supreme Court issued a ruling on a case brought before under the “shadow docket” — essentially a case decided quickly, without the usual arguments before the court — that peeled back important parts of the Clean Water Act, essentially granting heavy industry a major victory. The...
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April 5, 2022
New Forest Service E-Bike Ruling: Potential Access to Non-Motorized Trails
The directive provides more explicit e-bike guidance but also floats the possibility of granting e-bike access to traditionally motor-free trails on a case-by-case basis. Regional authorities, environmental analysis, and public input will all be necessary to determine whether expanded eMTB access is desirable at the local level. Gear Junkie
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April 2, 2022
Family-owned campgrounds snapped up by private investors, boosting sale prices and site rates
Family-owned campgrounds that were purchased for well less than $1 million just a few years ago are now being snapped up by investors for several million dollars. Parents who had planned to transfer park ownership to their children now find themselves with an asset that is either too valuable to...
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March 28, 2022
Vail Resorts Acquires Majority Stake in Swiss Resort
Vail Resorts, Inc. (“Vail Resorts”) is acquiring a 55-percent ownership stake in Andermatt-Sedrun Sport AG, which controls and operates all of the resort’s mountain and ski-related assets, including lifts, most of the restaurants and a ski school operation. ASA will retain a 40-percent ownership stake in Andermatt-Sedrun Sport AG, with...
