News Topics
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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...
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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.
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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.
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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...
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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.
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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.
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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.
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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.
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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.
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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.
