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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May 19, 2021
Under Armour Increases Its Minimum Pay Rate to $15 Per Hour
Under Armour announced up to a 50% increase in its minimum pay rate for hourly teammates in the United States and Canada from a minimum of $10 per hour to $15 per hour. As a result, more than 8,000 part-time and full-time teammates – approximately 90% of the Retail and...
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May 16, 2021
Leigh Perkins, Who Built Orvis Into a Lifestyle Brand, Dies at 93
In 28 years at the company’s helm, he turned a small mail-order fishing tackle shop into a sporting brand with stores all over the country. New York Times
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May 14, 2021
Authentic Brands Group Reportedly Offers $1B For Reebok. Adidas has been trying to offload Reebok since December
And now, Authentic Brands Group, owner of Sports Illustrated and athletic apparel and equipment brands like Airwalk, Prince Sports, Tapout, and Volcom, reportedly made an offer to buy Reebok for $1 billion. Front Office Sports
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May 14, 2021
Inside The Call: Canada Goose Online Growth Accelerates
Canada Goose Inc.’s revenues rose 33.7% in the fourth quarter ended on March 28. In the quarter, sales reached $208.8 million compared to Wall Street’s consensus estimate of $159 million Canadian dollars. Earnings came in at $2.9 million, or 3 cents a share, up from $2.5 million, or 2 cents,...
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May 13, 2021
YETI Sales Explode With 42% Growth And 260% Increase In Net Profits
YETI reported a net sales increase of 42% for the first-quarter (Q1) of 2021 bringing total revenue to $248 million, compared to $174 million during the same period last year. Net profit increased from $8.5 million in Q1 2020 to $30.5 million this year. The stellar results represent the highest...
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May 12, 2021
Merrell, Saucony Lead the Way for Wolverine Even as Overall Sales Fall Short of Expectations
For the three months ended April 3, revenues rose 16.3% to $510.7 million, compared with analysts’ expectations of $511.8 million. By brand, sales at Merrell improved nearly 25%, while Saucony surged close to 60%. Footwear News
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May 11, 2021
Record RV Sales Spur Demand For New, Rehabbed RV Parks
The National Association of RV Parks and Campgrounds estimates more than 53,000 new RV sites will be constructed across the nation in 2021. The Sunshine State has recently seen the addition of 19 new RV resorts, along with more than 20 park expansions. That has brought to a total of...
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May 11, 2021
Jimmy Chin’s Plan to Make the Outdoors More Inclusive
The North Face’s new Explore Fund Council, led by Jimmy Chin and Lena Waithe, has big plans—and a big budget—to make the outdoors more inclusive. Outside
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May 10, 2021
TSG Consumer Partners to Sell Stake in Nuun to Nestlé Health Science
TSG Consumer Partners (“TSG”), a leading private equity firm, today announced that its partner company, Nuun (the “Company”), an innovative hydration supplement brand, has entered into an agreement to be acquired by Nestlé Health Science. Businesswire
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May 7, 2021
Authentic Brands Group and SPARC to Acquire Eddie Bauer
Authentic Brands Group, LLC, a marketing and entertainment company, and SPARC Group, LLC, a retail enterprise, announced a definitive agreement to purchase Eddie Bauer, the iconic American outdoor brand, from PSEB Group. ABG will own Eddie Bauer’s intellectual property and the brand’s core operating business will become a part of...
