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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February 22, 2022
Will Climate Change Make Skiing Even More Expensive and Exclusive?
Ski areas are increasingly reliant on extensive snowmaking operations to keep their slopes open as the planet warms. A few degrees of warming can mean more days of rain instead of snow and shorter seasons. That reduces the operators’ revenue and raises their costs. Adventure Journal
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February 16, 2022
Despite flat fitness sales, Garmin has record-setting revenue growth
Garmin Ltd. reported record revenue for the year and in the fourth quarter despite flat fitness sales that include cycling products. Revenue for the quarter increased 3% to $1.39 billion compared with $1.35 billion at the same time last year. For 2021, revenue was up 19% year-over-year, rising from $4.1...
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February 16, 2022
NPD Report Shows Americans are Back on the Slopes
A well-documented increase in backcountry-related activities was recorded during last snow season, as consumers looked for ways to get their alpine fix while social distancing. However, resorts are less restricted this year, and Americans are returning to the slopes. It’s showing in sales numbers, according to The NPD Group. Inside Outdoor
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February 10, 2022
How outdoor brands are taking vaccine mandates into their own hands
Amid turmoil over federal vaccine mandates, some outdoor brands have quietly issued their own requirements. ...the Boulder, Colo.-based subsidiary of the global alpine footwear brand implemented a new policy: Barring a religious or health-related exemption for which the company would make reasonable accommodation, all employees were required to get vaccinated...
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February 10, 2022
Canada Goose Lowers Guidance On Q3 Miss
Canada Goose Holdings, Inc. reported earnings rose 49.2 percent in the third quarter ended January 2 as sales grew 26.2 percent. However, results were slightly below Wall Street’s targets, and guidance was lowered for the year due to lower than expected revenue and retail traffic in APAC and EMEA in...
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February 7, 2022
Vail Resorts Sold a Record Number of Passes. Now, Their Ski Areas Are Facing a Logistical Nightmare.
Thanks to the price cut, and to an impressive portfolio of 40 resorts worldwide, Vail sold 2.1 million pre-purchased tickets and season passes for 2021–22, a 76 percent jump over 2019–20 figures. As a result, earnings jumped 30 percent from fiscal year 2020 to fiscal year 2021. Outside Online
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February 3, 2022
Hoka and Ugg Help Deckers Deliver Its Largest Quarter Ever
Deckers Brands delivered its largest quarter in history for the third quarter of 2022 despite ongoing supply chain issues and a slowdown in its Sanuk and Koolaburra brands. The footwear conglomerate – which also owns Hoka, Ugg, and Teva – reported a revenue increase of 10.2% to $1.188 billion in...
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February 3, 2022
GoPro’s Q4 Revenues Expand 8 Percent
Profits at GoPro, Inc. increased 8.2 percent in the fourth quarter on a 9 percent revenue gain. “In 2021 GoPro navigated a challenging business environment, and thrived,” said Nicholas Woodman, GoPro’s founder and CEO. “We successfully launched innovative new hardware, software and subscription offerings and leveraged the first full-year of...
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January 28, 2022
The North Face Just Had its Best Quarter Ever: Here’s How the Brand’s New Leader Plans to Build on That Success
First the first time ever, The North Face surpassed $1 billion in sales, with revenues of more than $1.2 billion in Q3. This marked the best quarter in the brand’s history, with global revenues up 27% above pre-pandemic levels. The growth comes as the brand gears up to welcome a new global...
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January 28, 2022
VF’s Q3 Earnings Tops Wall Street’s Targets, Sales Jump 22 Percent
VF Corp. reported earnings on an adjusted basis rose 45 percent in the third quarter ended December 31 and topped Wall Street’s estimates. Sales grew 22 percent led by 28 percent growth at The North Face. Sales grew 8 percent at Vans, 11 percent at Timberland, and 4 percent at...
