News Topics
-
April 6, 2020
Emerald Holdings event cancellations totaled $116M in revenue last year
Emerald Holding Inc. said the 23 events it has canceled to date—including Outdoor Retailer Summer Market, which was scrapped last week—accounted for approximately $116 million of 2019 revenue. Emerald ended the first quarter of 2020 with $50 million in cash and total liquidity of $150 million, including $100 million in borrowing...
-
April 6, 2020
What bike shops are open during the COVID-19 response?
Portland Design Works and Chris King Precision Components have collaborated to publish an interactive map showing the hours and current status for more than a thousand retailers in the U.S. during the COVID-19 pandemic. Read more on Bicycle Retailer.
-
April 6, 2020
Peloton halts live classes as employee tests positive for COVID-19
Peloton Interactive Inc said on Monday it would pause live production of its exercise videos at its New York and London studios through April 30 after an employee at its New York City-based production studio has tested positive for COVID-19. However, it would continue to add new, pre-recorded content on its...
-
April 2, 2020
Out of Business: Trust Performance goes under during pandemic shutdowns
A perfect storm of collapsing financial markets and manufacturing delays just put this bicycle fork manufacturer out of business. Read more on GearJunkie.
-
April 2, 2020
Penske Media to launch sports business publication Sportico
Penske Media Corp. announced it will launch Sportico, a digital content platform focusing on sports industry news, data, information, strategy, leadership and live media. Sportico joins the PMC portfolio, which also includes titles such as Footwear News, WWD, Variety and Rolling Stone. Read more on Footwear News.
-
April 2, 2020
Outdoor Retailer Summer Market cancelled
The nation's largest outdoor trade show, previously scheduled for June 23-25 in Denver, has been called off. Read more on SNEWS.
-
April 1, 2020
Boston Marathon offering refunds for first time
Race organizers say anyone who was entered in the 124th edition of the race this month can still run on the rescheduled date, Sept. 14. But if they can’t make it, they can have their money back. More than 30,000 runners had signed up for the world’s most prestigious 26.2-mile run...
-
April 1, 2020
Retail landlords inundated with requests for rent relief
The Lamy Group, an international financial management consulting firm specializing in retail and commercial real estate, has evaluated rent relief for retail landlords for decades, but this is the largest number of tenant requests Lamy has seen coming in such a short period, even including the 2008 economic downturn. Read more...
-
April 1, 2020
Adidas revokes decision to withhold rent payments in Germany
Adidas apologized Wednesday for saying it would defer paying rent for stores in Germany that were forced to close by coronavirus lockdowns after facing wide criticism on social media. Adidas had been seeking to take advantage of Germany’s new eviction freeze law. Read more on SGB Media.
-
April 1, 2020
Pro teams ask UCI for financial flexibility amid coronavirus shutdown
Professional teams across the peloton are battening down the hatches to try to weather the coronavirus shutdown, and they’re asking the UCI for help. Read more on VeloNews.
