News Topics
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February 5, 2020
Nike, Adidas say coronavirus will hurt business in China
Nike Inc. closed about half of its company-owned stores in China as a result of the coronavirus outbreak, which it expects to have a material impact on operations in the country. Rival brand Adidas AG followed suit Wednesday, saying it has closed a significant number of stores in China and franchisees are doing likewise. Read more...
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February 5, 2020
Tokyo Olympics organizers look on anxiously as coronavirus menaces the Games
Japan's Olympic organizers knew that hosting the Games in July would mean hot weather for athletes and spectators. They were not expecting a major epidemic to force them to take everyone's temperature upon entering the venues. Read more on Washington Post.
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February 5, 2020
Pioneer sells cycle sports business to Shimano
Cycling power meter specialist Pioneer has signed an agreement to transfer its cycle sports business to Shimano. Shimano plans to develop products, web services and applications using the Pioneer Cycle Sports assets and make Shimano services available to customers who currently use Pioneer’s Cyclo-Sphere web services, PC tool, and smartphone applications. Read more...
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February 5, 2020
Peloton Raises Guidance After Cruising To Q2 Beat
In just its second quarterly earnings report since going public, Peloton Interactive Inc. notched impressive earnings and revenue beat as the company grew its number of connected fitness subscribers 96 percent to 712,005 and its total members to more than 2 million. Read what the earnings look like on SGBMedia.
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February 4, 2020
Peloton and Flywheel Sports settle litigation cases
Indoor cycling business Peloton has settled its patent infringement case against Flywheel Sports, with Flywheel simultaneously dropping a separate counter proceeding at the U.S. Patent and Trademark office. Within the court documents, Flywheel made the admission that Peloton’s patents were indeed valid and enforceable. The patents relate to Peloton’s “at home”, “remote streaming” and...
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February 3, 2020
Nike Vaporfly shoes won’t be banned from Olympics
After helping smash marathon records, Nike’s controversial sneaker can still be used by athletes in Tokyo Games. However, track and field’s world governing body on Friday moved to curb the future escalation of running-shoe technology pioneered by Nike’s Vaporflys. The new regulations issued by World Athletics would restrict the thickness of a...
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January 30, 2020
Asics Ventures invests in smart shoe technology
Asics Corporation announced that its investment subsidiary Asics Ventures Corporation invested in a Japanese startup, No New Folk Studio Inc., the developer of sensing solution Orphe Track which measures and analyses foot movement. Asics, in conjunction with No New Folk Studio, developed a smart running shoe that gives runners real-time...
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January 30, 2020
Hoka One One drives parent Deckers Brands to Q3 earnings, sales beat
For the period ended Dec. 31, the company posted Q3 earnings of $7.41 per share, surpassing consensus bets of $6.55 a share. Sales also jumped 7.4% to $938.74 million, compared with Wall Street estimates of $900.43 million. Hoka One One — which outshone sister labels Ugg, Teva and Sanuk — reported sales...
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January 29, 2020
24,500 runners attend National Running Show Birmingham 2020
The National Running Show Birmingham in partnership with Children with Cancer UK took place on Saturday 25th and Sunday 26th January 2020. The organizing team reported that the UK show attracted ‘more than 24,500 runners. Read Endurance Business to find out more about the speakers, new trail running section and sustainability...
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January 27, 2020
Hong Kong Marathon cancelled because of coronavirus
Hong Kong leader Carrie Lam Cheng Yuet-ngor has declared the highest level of emergency in response to the outbreak, raising it from the previous state of "serious", leading to the race on February 9 being abandoned. The event had already attracted a full quota of 74,000 participants who were due to...