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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November 16, 2020
National Park Service faces $270M wrongful death claim after incident at Arches National Park
The family of a women's rights activist from Uganda has filed a more than $270 million wrongful death and personal injury claim against the National Park Service after she was decapitated by an unsecured gate at Utah's Arches National Park. USA Today
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November 16, 2020
Gregory’s Q3 revenues slide 13 percent, High Sierra’s tumble
Samsonite International S.A. reported sales on a currency-neutral basis were down 13 percent for its Gregory brand and off 70.2 percent at High Sierra. On a reported basis, Gregory’s sales reached $15.9 million against $18.0 million, down 11.7 percent. High Sierra’s were down on a reported basis to $4.5 million from...
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November 16, 2020
Emerald appoints Hervé Sedky as President and Chief Executive Officer
Sedky brings three decades of experience including, most recently, six years as President of Reed Exhibitions Americas. Before that, he was an executive for 20-years at the American Express Company, where he held the title of Senior Vice President and General Manager of American Express Business Travel.
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November 16, 2020
Lululemon to sell Mirror devices in stores, add community features
After acquiring the company over the summer, Lululemon will now offer Mirror devices at its stores across the U.S., beginning with 18 stores this holiday season. The athletics retailer is also introducing a range of new engagement features for the tech, including letting users turn on a built-in camera to...
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November 11, 2020
What a Biden presidency means for the outdoor industry
With a shift in executive powers nearing, we will soon see big changes that could have great effects on the environment, the outdoors and the recreation economy. Read more on Forbes.
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November 9, 2020
RV and boat stocks fall out of favor on vaccine development
Investors are backing away from some outdoor camping, recreational vehicle and boating stocks after Pfizer announced 90% efficacy with its COVID-19 vaccine in a market-rattling development.
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November 9, 2020
VF acquires streetwear brand Supreme
The parent company of The North Face has announced plans to add the direct-to-consumer streetwear company to its portfolio of brands. Read more on SNEWS.
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November 5, 2020
Wolverine Eyes Market Share Gains At Saucony And Merrell Amid Pandemic
In the third quarter ended Sept. 26, revenues declined 14.1% to $493.1 million due to the pandemic’s ongoing impact. On a constant-currency basis, revenue was down 14.6%. Net earnings fell 55.3% to $21.7 million. Reported operating margin was 8.6% compared to 11.9% in the prior year. Adjusted operating margin was...
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November 5, 2020
Yeti Q3 Sales Jump 29%
YETI Holdings, Inc. announced its financial results for the third quarter ended September 26, 2020. Net sales increased 29% to $294.6 million, compared to $229.1 million during the same period last year. Gross profit increased 45% to $174.0 million, or 59.1% of net sales, compared to $120.1 million, or 52.4%...
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November 4, 2020
Fitbit’s Q3 Revenues Expand 5 Percent
Fitbit Inc., which reached an agreement to be acquired by Google, reduced its loss in the third quarter as sales grew 4.8%. Revenue reached $363.9 million against $347.2 million a year ago. The net loss shrunk to $54.5 million, or 20 cents a share, from $51.9 million, or 52 cents,...
