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May 6, 2020
Fitbit swings to profit in Q1 but misses estimates
Revenue dropped by 31% due to weakness in pricing and devices sold. The company sold 2.2 million devices, down 26% year-over-year, due to the introduction of one new product in the latest quarter compared to three new products last year. The average selling price decreased by 11% year-over-year to $81 per...
May 6, 2020
Running on empty: Coronavirus has changed the course for races big and small
The race organizations staging running events are having to grapple with postponements and cancellations to a point where they may not be able to ever come back at full strength. Check out this interesting article and stats on ESPN.
May 5, 2020
Are more people running and biking now?
As gyms and fitness studios stay closed, it seems like more people than ever are walking, running, and biking—especially outside in the places that it’s allowed. Triathlete reached out to a few fitness platforms and looked through some of their reports to find out what kind of activity levels we’re actually...
May 5, 2020
Ironman Virtual Racing success creates value for sponsors
When the IRONMAN Group launched its Virtual Racing series at the beginning of April, the company sought to foster competition and community for the hundreds of thousands of IRONMAN athletes around the globe. In the weeks after the launch, the platform has proven to be not only a place for participants to stay connected...
May 4, 2020
World Triathlon approves the COVID-19 Prevention Guidelines for Event Organisers
Read a summary on the ITU website and see the full 28 page report here.
May 4, 2020
International Triathlon Union forecasting loss of at least $1 million in 2020
The International Triathlon Union (ITU) is expecting a loss of up to $1.4 million in 2020 as a result of the coronavirus crisis, but the organisation will not ask for an advance on its Tokyo 2020 payment from the International Olympic Committee (IOC). Read how much money they typically get...
May 4, 2020
Gold’s Gym files for Chapter 11 bankruptcy protection amid coronavirus closings
Gold's Gym filed for Chapter 11 bankruptcy protection Monday as the coronavirus pandemic wreaks havoc on the company's business. The bankruptcy is intended to help the company shed leases. Gold’s Gym will has nearly 700 locations, including about 63 company-owned and operated. Read more on USA Today.
May 4, 2020
Event cancellations plague Emerald’s Q1 performance
Because of numerous event cancellations due to the COVID-19 pandemic, Emerald Holding Inc.—the operator of Outdoor Retailer, Surf Expo and other trade shows—reported revenue for the first quarter declined 27.4 percent to $99.7 million. Read more on SGBMedia.
May 4, 2020
Nike delivers its first-ever indoor cycling shoe
With people forced to workout indoors to stay in shape, Nike revealed its first-ever shoe specific to indoor cycling: the SuperRep Cycle. Check all the details on Footwear News.
May 4, 2020
Fitbit data shows we’re sleeping better during the COVID-19 lockdown
Americans don’t typically sleep well. One large survey showed that people get a full, uninterrupted night of sleep on only about one out of four nights. During this anxious time, you might think the problem would get worse. But data from sleep-tracking apps and wearables suggests people are actually getting...
April 30, 2020
Wanda Sports’ 2019 revenues reach US$1.15bn
Wanda Sports Group’s (WSG) total revenues for 2019 fell to US$1.15 billion, representing an annual decrease of nine per cent compared to the previous year. WSG chief executive Hengming Yang used the annual filing to express his confidence that the events and marketing agency can weather the impact of the ongoing coronavirus pandemic, citing...
April 29, 2020
An Ironman Sale Is Pending Amid Coronavirus. Can Its Racing Mojo Endure?
Wanda Sports Group, announced that it would sell IRONMAN to Advance, owner of the media company Condé Nast, for a reported $730 million. The deal is scheduled to close next month. That leaves IRONMAN in an awkward purgatory, during which the seller wants to spend as little money as possible and...
April 29, 2020
Will Triathlons Come Back This Year? What Will They Look Like?
As the world tries to limit the spread and fatality rate of the COVID-19 pandemic, race directors grapple with the possibility of no mass events in 2020. Interesting article on Triathlete.
April 29, 2020
American Pacific Group acquires SaltStick
American Pacific Group, a San Francisco-based private equity firm, in partnership with Joe Falsetti of Dana Holdings, has acquired SaltStick, an electrolyte replenishment supplement with a strong following among endurance athletes for in-competition and training activities. Read more on Private Equity Wire.
April 29, 2020
Garmin reports strong revenue and operating income growth for first quarter 2020
Garmin Ltd. announced results for the first quarter ended March 28, 2020. Total revenue of $856 million, a 12% increase, with fitness, marine, outdoor and aviation collectively increasing 17% over the prior year quarter. The company is withdrawing its fiscal 2020 guidance due to the rapid and unpredictable economic changes caused...
April 28, 2020
Shimano reports bike division sales down 15% in Q1; withdraws guidance
Shimano reported that its first-quarter bike division sales were down 15.4% from the same period last year. Operating income in the division declined 26.1%. Check out the earnings numbers at Bicycle Retailer & Industry News.
April 28, 2020
Run specialty stores plot recovery
The owners at Charm City Run, Big Peach Running, Brooklyn Running, and Playmakers talked with SGB Executive about the adjustments they’ve made and their challenges and opportunities ahead in the face of COVID-19. Read more on SGBMedia.
April 28, 2020
Tour de France may be postponed again
The Tour de France's anticipated August 29 start date for the postponed 2020 edition has fallen under new uncertainty as the French Prime Minister, Edouard Philippe, banned all mass sporting events until September. However, a few hours later the French Ministry of Sport clarified that it might not affect the Tour. Read more on...
April 28, 2020
Allbirds is now making running shoes
Allbirds fans love the brand’s eco-friendly lifestyle sneakers. And now, the company has sustainability-focused performance shoes. The shoe was created with natural materials including its Sugarcane-based SweetFoam, eucalyptus and a reengineered version of its merino wool. Read more on Footwear News.
April 27, 2020
I lost my tri job due to COVID-19—Here’s how the industry is coping
Triathlete contributor Jay Prasuhn finds himself unemployed due to the the COVID-19 pandemic. He looks at the various arms to the industry to see how they're coping and adjusting during this trying time. Read more here.
April 27, 2020
On a lighter note – ‘Oh no, I spelled it wrong’: Nurse runs solo marathon in shape of ‘Boston Strog’
Lindsay Devers planned her marathon-length riverside run in Boston to spell out an inspirational message during the coronavirus pandemic. But she forgot just one thing. Read more on CBC News.
April 27, 2020
Peloton sets record for most people streaming a single live class with 23,000 riders
The record-breaking class was led by Robin Arzón, Peloton's vice president and head instructor, who broadcasted the 30-minute Pop Ride right from her ... living room. It also beat the company's previous record of 19,000 riders in its 2019 Turkey Burn class. Read more on Mashable.
April 27, 2020
Adidas takes massive earnings hit due to coronavirus, warns of even bigger impact next quarter
The Germany-based sportswear giant’s net income for the first quarter plummeted 97% to $21.69 million, with earnings of 14 cents per share. Revenues also decreased 19% to $5.15 billion, with a 20% drop at its namesake brand and a 12% slide at Reebok. Read more on Footwear Daily.
April 27, 2020
When might racing return, and what will it look like?
What’s “normal” during this pandemic changes almost daily, including the ever-growing pileup of canceled or postponed races. At some point, however, racing will return. Based on interviews with several running insiders, Runner's World outlines ideas about what the near future of road racing might look like.
April 27, 2020
Restrictions on cycling set to be lifted in France, Italy and Spain
Welcome news for both pros and amateurs is emerging from Spain, Italy and France, as the three nations are expected to ease cycling bans next month. During the coronavirus crisis, many European nations have enforced strict lockdown rules including a ban on recreational cycling, with many professionals being caught up in the...
