The leader of Vista Outdoor’s outdoor products category noted ongoing challenges in the outdoor specialty retail space during a conference call with investors today. Eric Nyman, CEO of the company's outdoor division, Revelyst, and co-CEO of Vista Outdoor, said...
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How Yeti, Mystery Ranch Acquisition Could Impact Both Brands
The news that outdoor products company Yeti acquired backpack brand Mystery Ranch yesterday sent a shockwave through the industry, as both brands have dedicated followings and strong enthusiasm from core outdoor participants. The move could help strengthen Yeti’s...
Yeti Acquires Backpack Brand Mystery Ranch
Yeti makes a big move in the outdoor market by acquiring fast-growing Mystery Ranch, a backpack brand with a strong reputation with backcountry experts and wildland firefighters alike.
Yeti Acquires Backpack Brand Mystery Ranch
Outdoor products company Yeti announced Wednesday that it has acquired growing pack brand Mystery Ranch. Terms of the deal were not disclosed. The Daily will update this story with more information from the companies as this develops. “Mystery Ranch packs have earned...
Protect Our Winters to Spotlight 6 Companies To Advance Clean Energy Goals
Protect Our Winters (POW), the Rocky Mountain Venture Capital Association, and the U.S. Ski and Snowboard Team are hosting an event at the USANA Center of Excellence in Park City on May 2. According to a release, with the Progression 2024 event, POW is harnessing...
SIA Names 5 New Board Members
Leading snow industry association Snowsports Industries America has announced five new board members. Joining the board of directors are: Rachel Grogan-Cook, vice president of global supply chain, Burton Global (chair) Erik Anderson, vice president of winter sports...
What’s Selling at Retailer Neptune Mountaineering
For the past five decades, Neptune Mountaineering has played a key role in the independent outdoor specialty retail space in Boulder, Colorado. In the past, the store might have been seen as slightly snobby, with pricier products for the more hardcore outdoor...
REI Lays Off 357, CEO Forecasts Down Year
REI Co-op announced layoffs for hundreds of employees on Thursday, with CEO Eric Artz warning of a "very challenging" 2024 and citing a "highly promotional" environment. The Seattle-based outdoor specialty retailer is cutting 357 workers, including 200 at...
REI Lays Off 357, CEO Forecasts Down Year
In a letter to employees, REI CEO Eric Artz said the layoffs were “primarily driven by financial necessity.”
Amer Sports Targets Up to $8.7B Valuation in IPO
Amer Sports, parent company of Arc'Teryx, Salomon, and Atomic, among other brands, said on Monday it is targeting a valuation of up to $8.7 billion for its U.S. initial public offering. The company is seeking to raise as much as $1.8 billion in its IPO, according to...
How Technical Outdoor Brand Norrøna Plans to Expand in the U.S.
Certain U.S. outdoor consumers are always looking for the next, cool new thing, especially when seeking out high-quality technical outerwear. As established brands grow more successful and more visible, retailers tell us some discerning consumers start to believe...
Gear Picks from the Show Floor at OR Winter
The theme of Outdoor Retailer Winter was newness, and the exhibitors brought plenty of that to the show floor, offering a bevy of innovative gear. From kids’ skiwear to hand warmers to travel solutions, The Daily compiled a list of more than a dozen exciting new...