Vail Resorts, Inc. announced it had agreed to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area.
Category: Outdoor
NPD: U.S. Cycling Market Year-Over-Year Gains Moderate
In the 12 months ending October 2021, the U.S cycling market grew its revenue by only 3 percent compared to the prior year, to just over $8.4 billion, according to NPD Retail Tracking data. In the year-ago period, sales grew 45 percent.
Ports Keep ‘Container Dwell Fee’ On Hold Until December 13
The ports of Los Angeles and Long Beach, CA announced that consideration of the “Container Dwell Fee” would be held off another week until December 13.
SIMA Appoints Executive Director
The Board of Directors of the Surf Industry Manufacturers Association (SIMA) announced the appointment of industry marketing veteran Vipe Desai as executive director effective immediately.
Cotopaxi Partners To Support Australia Distribution
Cotopaxi said Sport Factory Pacific Limited, based out of Auckland, New Zealand and Sydney, Australia, will be Cotopaxi’s appointed Australasian distributor.
GSM Outdoors Appoints VP Of Fishing
GSM Outdoors announced the hiring of Crispin Powley to the position of vice president of fishing.
Thor Industries Q1 Sales Expand 56 Percent
Thor Industries reported net earnings rose 113 percent in the first quarter ended October 31 as sales rose 55.9 percent. Consolidated RV backlog as of October 31 increased over 100 percent.
Camping World Proposes Add-On To Its Senior Secured Term Loan
Camping World Holdings Inc. announced plans to issue a $300 million add-on to its senior secured term loan to fund the acquisition and development of RV dealerships and service centers.
Solo Brands Q3 Sales Surge 138 Percent
Solo Brands, the parent of Solo Stove and other outdoor brands, reported adjusted earnings climbed 39.7 percent in the third quarter ended September 30 on a 138.3 percent revenue gain.
Arc’teryx Appoints VP Footwear
Arc’teryx Equipment has appointed Ovidio Garcia as VP, footwear, effective immediately. In his new role, Garcia is responsible for leading the brand’s footwear strategy reporting directly to Katie Becker, chief creative officer, Arc’teryx.
Bedrock Manufacturing Company Appoints CEO
Bedrock Manufacturing Company (BMC) the parent of Shinola and Filson, has named Awenate Cobbina as CEO effective January 1, 2022. The appointment represents an expanded leadership role for Cobbina at BMC, where he currently serves as a member of its Board and runs investing and philanthropic activities for the company’s largest investor.
CLMBR Becomes Connected Fitness Partner Of The Denver Nuggets And Colorado Avalanche
CLMBR has reached an agreement to become the Official Connected Fitness Partner of the Denver Nuggets and Colorado Avalanche.
Outdoor Retailer In-Person Snow Show Returns To Denver In 2022
Outdoor Retailer Snow Show returns to Denver, CO, January 26-28, 2022, with in-person education, a redesigned floor plan centered around the “Resource Center,” and includes an information hub to access industry insights from experts.
Kohl’s Faces Activist Pressure To Spin Off Online Business
An activist group, a New York-based hedge fund, Engine Capital, is pressuring Kohl’s to consider either a sale or a separation of its online business. The request follows a similar move by Saks Fifth Avenue.
Aqua-Leisure Recreation Acquires Airhead Sports Group
Aqua-Leisure Recreation, LLC announced the acquisition of Denver, CO-based Airhead Sports Group. With the acquisition, the company said it becomes the market leader within the aquatics consumer products industry.
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