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 20, 2024
Patagonia Gives All US Employees Paid Time Off to Vote Early
This year, the outdoor apparel company with more than 2,000 employees in the U.S. will close its stores, warehouse and offices on Tuesday, Oct. 29, 2024, which is national Vote Early Day. Employees will receive a paid day off and have the entire day to vote early and volunteer. The company...
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August 20, 2024
Amer Sports Raises Guidance After Q2 Beat, Led by Arc’teryx
Amer Sports, Inc. raised its guidance. for 2024 after posting Q2 sales and earnings results that beat its expectations. The freshly public Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 16 percent increase in sales in Q2 to $994 million. Net loss decreased 98 percent to $4...
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August 20, 2024
Patagonia Gives All US Employees Paid Time Off to Vote Early
Patagonia has been asking its community to vote the planet since the 1970s, and it has given employees Election Day off in the United States since 2016. This year, the outdoor apparel company with more than 2,000 employees in the U.S. will close its stores, warehouse and offices on Tuesday,...
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August 19, 2024
GoPro to cut 15% of workforce in restructuring push
Action camera maker GoPro (GPRO.O), opens new tab said on Monday it would cut about 15% of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million to $7 million for the restructuring plan, with cash...
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August 19, 2024
Yeti Continues to Outperform with Widespread Growth Across Categories and Channels
International expansion and sales of coolers and equipment drove Yeti’s net sales increase in the second quarter of 2024. The Austin, Texas-based company reported net sales of $463.5 million in the quarter ending June 29. That’s an adjusted 9% increase, which excludes the $24.5 million sales decrease from last year’s cooler recall reserve...
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August 19, 2024
How much do Olympic champions get paid?
Newly-crowned Olympic champions from Paris 2024 don’t just win bragging rights–national Olympic committees (NOC) or national governments from around the globe reward the achievements of their star athletes with a cash prize. With the expenses that go into being an elite athlete, these funds can go a long way in...
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August 16, 2024
Lazydays Reports Q2 YOY Losses, CEO Remains ‘Confident’
John North, Lazydays chief executive officer, said, “Our team has focused on maintaining healthy vehicle inventory, improving F&I per unit and achieving substantial total gross margin improvement sequentially. However, the seasonal improvement in sales volume we had anticipated to occur in the second quarter did not materialize. On a same-store...
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August 15, 2024
Skeezy New Trend: Strava ‘Surrogates’ Are Making Money by Logging Runs for Other People
An Indonesian teenager has found a lucrative way to do just that by, well, running for other people. Wahyu Wicaksono, 17, has become what’s known in the country as a “Strava jockey,” logging running achievements for others on the app for a fee. “I am active on X and it...
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August 15, 2024
Deckers Sells Sanuk to Canadian Active Company Lolë Brands
Nearly a year after Deckers Brands announced its intention to divest Sanuk, the outdoor lifestyle shoe brand has officially been scooped up by Canadian active company Lolë Brands. According to Todd Steele, chief executive officer of Lolë, when the company heard that Deckers was selling Sanuk, it “jumped” at the opportunity. FN
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August 12, 2024
Time-Lapse Video Shows Trash Interceptor Halting Flow of Garbage Into the Ocean
The Ocean Cleanup may be the world’s largest single effort to rid our oceans of plastic pollution. While there are obviously numerous projects around the world operated by different organizations, Boyan Slat’s endeavor includes tracking down and removing plastic from the ocean itself as well as stopping a great deal of trash...
