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.-
September 27, 2021
Aspen outdoor retailer to buy Neptune Mountaineering of Boulder
One of the most widely known and beloved indy gear shops in the outdoor industry, Neptune Mountaineering in Boulder, Colo., has been acquired by another legacy shop, Ute Mountaineer in Aspen. The acquisition is set to finalize on Sept. 30. Outside Business Journal
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September 23, 2021
Vail Resorts Sees 29 Percent Gain In Earnings In Fiscal Year
Vail Resorts Inc. reported results for the fourth quarter and fiscal year ended July 31, 2021, which were negatively impacted by COVID-19 and related limitations and restrictions, and reported results of season-to-date season pass sales. Net income attributable to Vail Resorts, Inc. was $127.9 million for fiscal 2021, an increase...
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September 22, 2021
Patagonia signs statement denouncing Texas abortion ban
Patagonia is once again in the news for making its social and political values known—this time, in the form of opposition to the new Texas state law that bans abortions after six weeks of pregnancy. The company co-signed a statement with more than 50 other U.S. businesses denouncing the law...
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September 21, 2021
Vail Resorts eliminates reservation requirement for 2021/22 season
The global ski resort operator has outlined its safety protocols for the upcoming season. The big changes: Reservations are no longer required, but guests in some restaurants—and all employees—must be vaccinated. Outside
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September 21, 2021
Kathmandu’s Sales Expand 15 Percent In Fiscal Year
Strong performances were seen from Rip Curl and Oboz, driven by participation growth in surfing and hiking. Sales reached NZ$922.8 million against NZ$801.5 million a year ago. Gross margin was up 40 basis points to 58.7%. SGB Media
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September 20, 2021
Backpacker brings aboard new gear editor
Benjamin Tepler—a Vermont-based journalist whose work has appeared in various national publications, including Outside, Food & Wine, and Sunset—has joined the staff of Backpacker (owned by OBJ’s parent company) as assistant gear editor. OBJ
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September 17, 2021
Dometic Acquires Igloo in $667 Million Deal
In a $677 million deal announced today, Dometic — an RV appliance and electric cooler-maker — will acquire U.S.-based Igloo, the iconic manufacturer of coolers and drinkware. This marks Dometic’s eighth acquisition in 2021, including Cadac, maker of vehicle-based barbecue products; German mobile power brand Buttner Elektronik; Zamp Solar; and, perhaps most...
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September 14, 2021
Supply Side, Shipping And SUP Sales Soar But Inventory Low
With the pandemic leading to growth in participation in paddlesports, no category has seen more uptick than stand-up paddleboards (SUP), especially inflatables. But while they require a modicum of balance to use, those in the business are also trying to find their footing dealing with complications in production, distribution and...
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September 13, 2021
Retiring its racist name, historic Squaw Valley resort will become Palisades Tahoe
The historic Squaw Valley ski resort near Lake Tahoe will be renamed Palisades Tahoe after its owners determined that the term “squaw” was offensive to Indigenous women. The new name — meaning steep, high cliffs — is a reference to the sheer granite faces and chutes around the resort. The...
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September 12, 2021
Vista Outdoor Acquires Foresight Sports For $474M
The deal is slated to close in FY 2022 Q3, but Vista Outdoor expects the transaction to immediately be included in earnings reports, estimating Foresight Sports’ 2021 net sales will reach $100 million. Foresight Sports manufactures golf performance analysis, entertainment, and game enhancement technologies, producing launch monitors, simulators, performance software,...
