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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December 29, 2021
Climashield Sold to Private Equity Firm
Crown Capital Investments (CCI), an Atlanta-based private equity investment firm, has acquired Climashield to its manufacturing portfolio of companies. Headquartered in Clinton, Tenn., Climashield is a manufacturer and developer of continuous filament insulation. With global distribution to military and outdoor recreation brands, Climashield products offer “thermal efficiency and durability.” Inside...
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December 23, 2021
SOG Specialty Knives Acquired by GSM Outdoors
With its buyout of SOG Knives, the outdoor giant expands its specialty blade, multitool, and EDC offerings. GSM Outdoors continues to grow in breadth and depth. This week, the hunting and shooting sports specialist keeps that trend going by acquiring SOG. Gear Junkie
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December 23, 2021
Under Armour, Columbia Facing Headwinds
Under Armour and Columbia were downgraded by market analysts Stifel, highlighting the challenges facing the sports category. Analyst Jim Duffy lowered the two brands from “Buy” to “Hold” — while lowering Nike’s price target but maintaining its “Buy” rating. The analyst foresaw short-to-mid-term concerns limiting the upside of both brands....
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December 17, 2021
Meet the First 2 Heli-Skiing Operators in the World to Go Carbon-Neutral
Last year, a small company in British Columbia was the first heli-skiing operator to go carbon-neutral. Now, there’s a second carbon-neutral heli-skiing team on the scene. In September 2020, Bella Coola Heli Sports achieved the impressive and the improbable — it became the first heli-ski operator in the world to...
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December 17, 2021
Why Patagonia is Closing its North American Stores, Warehouse and Offices the Week After Christmas
Ever the industry contrarian, Patagonia is planning to close up shop temporarily for a quick break after the holidays. Originally announced late last month, the outdoor brand said that its stores and offices in the United States and Canada will be closed starting Dec. 25. The brand also said it...
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December 14, 2021
A major RV maker now has more than $18 billion in backlogged orders and says its dealers may not be fully restocked until 2023
Famed RV maker Thor Industries now has an $18.07 billion order backlog as of October 31 as demand for tiny homes on wheels continues to remain strong through the COVID-19 pandemic, the company said in its 2022 first-quarter earnings report on December 8. Thor Industries — which owns brands like...
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December 14, 2021
RV industry rolls through U.S. shortages, inflation
The recreational vehicle industry has done what many U.S. businesses did in the face of this year's epic shortages and surging inflation: Churned out more products and made more money than ever before. Winnebago Industries Inc (WGO.N) reported record fiscal 2020 revenues in October - up over 50% from the...
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December 13, 2021
Inside The Call: American Outdoor Brands Fiscal Q3 Sales Impacted By Delivery Timing
American Outdoor Brands reported sales fell 10.5 percent in the fiscal second quarter ended October 31, to $70.8 million. Officials blamed it on the timing of orders from traditional brick-and-mortar channels, and underlying demand remains healthy. Brian Daniel Murphy, president, CEO, said certain retail customers accelerated the company’s inventory purchases...
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December 13, 2021
Colorado Rafting Businesses Hire Right-Wing Law Firm to Keep Guide Pay Low
It may seem an unlikely pairing: A law firm that is fighting to roll back clean water protections across the United States and a coalition of raft companies in Colorado that often train their guides to give interpretive talks on environmental preservation. But last week the two found common cause...
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December 10, 2021
Lemonis Gives Alma Mater $3.1M ‘Tip’
Marcus Lemonis, the entrepreneur, philanthropist, advocate, TV personality and the chairman and CEO of Camping World, who also hosts CNBC’s The Profit and Streets of Dreams and HGTV’s The Renovator, made a surprise announcement in-person at his alma mater, Christopher Columbus High School in Miami, this week. As part of...
