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 23, 2021
Pocket Outdoor Media raises $150 million from Sequoia Heritage
Pocket Outdoor Media, home to 22 active lifestyle publications and several technology groups, raised $150 million in a Series B funding round led by Sequoia Heritage to fuel its recent acquisitions. Axios
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February 22, 2021
SRAM acquires Time road and mountain bike pedal business
SRAM has purchased clipless pedal manufacturer Time from the Rossignol Group. The acquisition includes the entire range of road and mountain bike pedal systems, Time’s shoe range and all associated intellectual property. bikeradar
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February 18, 2021
Emerald Holding Posts Q4 Loss
Emerald Holding Inc. recognized a net loss of $58.1 million for the fourth quarter of 2020 compared to a $68.2 million net loss for the fourth quarter of 2019. Revenue was $12.2 million compared to $44.9 million for the Q4 2019. The decrease primarily reflected a $32.7 million reduction from...
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February 18, 2021
The Tokyo Olympics Appoint Seiko Hashimoto As Chief
The Tokyo Olympics are making a major statement in Japan - they’ve put a woman in charge, right after former chief Yoshiro Mori resigned last week following scrutiny over sexist remarks. Seiko Hashimoto, a former Olympic bronze medalist in speedskating, was appointed as the new president of the Tokyo Olympic...
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February 17, 2021
January retail sales show strong increase
Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, according to the National Retail Federation. Shop Eat Surf
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February 17, 2021
Wellness firm Therabody attracts celebrity investors Marcus Rashford, Jay-Z and Daniel Craig.
Tech wellness firm Therabody has raised funding from over 100 celebrities, a star-studded line up of investors hailing from sport, business, culture and entertainment. Therabody, which makes massage therapy guns, will use the raised capital to fund research and development for new products and services. Verdict
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February 17, 2021
Garmin Earnings, Revenue Beat in Q4
Garmin announced earnings per share of $1.73 on revenue of $1.35B. Shares are up 10% from the beginning of the year, still down 0.67% from its 52 week high of $133.38 set on February 16. Investing.com
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February 16, 2021
SIA Elects Four New Members to its Board of Directors
Snowsports Industries America (SIA) announce its newly elected Directors – Deborah Beggan of Helly Hansen; Stan Evans of Stan Evans Photography; Jordan Judd of Salomon Americas; and Brooke Kaplan of Darn Tough Vermont. SNEWS
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February 16, 2021
Q4 2020: Outdoor industry stock performance – How did the outdoor industry’s public companies perform last quarter?
Columbia’s sales dipped 4% to $915.7 million in Q4 while net income fell 16% to $95.8 million compared to the year-ago quarter. Deckers reported revenue for its fiscal third quarter of $1.1 billion, up 14.8% from the year-ago period. Net income jumped 26.8% to $255.5 million. Read on for other...
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February 11, 2021
Yeti’s Sales Boom in Q4
YETI Holdings, Inc. announced its financial results for the fourth quarter and fiscal year ended January 2, 2021. Fourth quarter net sales increased 26%; full year increased 19%; fourth quarter gross margin expanded 530 basis points. Shop Eat Surf
