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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October 21, 2020
Black Diamond-Parent Sees Mid-Single Q3 Revenue Gain
Clarus Corp said it expects sales growth for the third quarter to range from 5% to 6% as triple-digit gains at Sierra Bullets offsets a slight decline at Black Diamond. Sales are expected to range between $63 and $64 million, up from $60.2 million in the third quarter of 2019....
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October 21, 2020
Winnebago Industries (WGO) Surpasses Q4 Earnings and Revenue Estimates
Winnebago Industries came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.01 per share a year ago. This quarterly report represents an earnings surprise of 61.11%. A quarter ago, it was expected that this recreational vehicle...
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October 21, 2020
RVshare Raises Over $100 Million in Growth Capital
RVshare announced a more than $100 million fundraising round led by KKR, with participation by existing investor Tritium Partners. The fundraising will provide capital, as well as access to KKR’s operational resources and global network, to help RVshare build on its leadership position and record 2020 growth in the RV...
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October 14, 2020
New Boardriders Financing Sparks Lawsuit
To help it navigate the pandemic, Boardriders received fresh capital that now has priority over all other debt. However, previous lenders that were not included in the new round are upset that the new debt has top-ranking collateral rights upon the old debt, totalling $450 million. The original lenders have...
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October 13, 2020
MEC will lay off 15 percent of its workforce and close 1 store
Despite a large effort to save the struggling Canadian co-op MEC from being sold to an American investment firm, it appears the acquisition will proceed as the sale was green-lighted by the court. Read more on SNEWS.
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October 12, 2020
Outdoor editors and publishers form Outdoor Media 4 Inclusion
A group of publishers and editors who oversee consumer and B2B outdoor media titles have formed the working group Outdoor Media 4 Inclusion (OM4I) to provide more opportunities for journalists and contributors who are Black, Indigenous, people of color, and members of other marginalized communities. Read more on SNEWS.
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October 9, 2020
Pocket Outdoor Media Acquires Big Stone Publishing
Pocket Outdoor Media (POM), creators of active lifestyle content, announced the acquisition of Big Stone Publishing (BSP), the longtime publisher of Rock & Ice, Trail Runner, and Gym Climber magazines and websites. The acquisition significantly strengthens POM’s ability to engage with outdoor enthusiasts. Read more on SNEWS.
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October 8, 2020
Sales of camping, hiking guides rise as Americans take to the outdoors
American travelers aren’t taking the pandemic sitting down - they are showing an increased interest in hiking, bicycling and other outdoor getaways. But outdoor escapes need another basic: the travel guidebook and camping guide -thus causing sales to spike. Read more on The Washington Post.
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October 8, 2020
What’s Driving Skyrocketing Demand for Boat, RV Loans?
Sales of recreational vehicles have accelerated so much since the economic shutdown, which has put many antsy travelers on the road instead of in the sky, making dealers like Niel’s RV in Los Angeles unable to keep up. Read more on RV Business.
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October 8, 2020
Dick’s Sporting Goods Is Hiring 9,000 Workers to Meet Online Demand During the Holidays
Dick’s Sporting Goods will employ the seasonal associates as part of its third annual “National Signing Day” on Oct. 14. They will provide extra staffing to their stores and distribution centers across the country, as well as its contactless services, like curbside pickup and ship-from-store orders. Read more on Footwear...
