News Topics
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November 10, 2020
The 2020 Outsiders of the Year
Typically, the annual Outsiders of the Year package highlights only people, but because 2020 was unusual, Outside took a different approach to its latest edition of the list. Items, trends, plus two very good dogs made this challenging year a little more bearable. Here are their picks for the 2020...
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November 10, 2020
Peloton, Beyoncé Ink Multi-Year Content Partnership
Connected fitness company Peloton and 24-time Grammy award-winning singer Beyoncé have a multi-year content partnership that includes elements to honor Historically Black Colleges and Universities. The first initiative between the parties is a series of classes to commemorate “homecoming season,” the annual fall tradition at HBCUs. Read more on Front...
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November 10, 2020
Adidas Earnings Recover in Q3, But Lockdowns Could Affect Outlook
The German-based sportswear company reported that income for the three months ending Sept. 30 was $683 million down from $761.5 million a year earlier. Revenues in Q3 decreased 7% to $7.04 billion; Q2 revenue decreased 34%. In the first nine months of 2020, revenues decreased 18% on a currency-neutral basis....
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November 9, 2020
Dorel Sports reports continued growth, new pandemic wave expected to impact Q4
Dorel Sports has seen its sixth consecutive quarter of revenue growth, with third-quarter revenue at $305.6 million, an increase of 22.1%. Read more on BikeBiz.
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November 9, 2020
Peloton and some bike stocks trade down on vaccine news
Major stock indexes soared Monday, apparently on Pfizer's announcement before markets opened in New York that its COVID-19 vaccine candidate was achieving 90% effectiveness in trials. However, some bike-related stocks that have been booming during the pandemic were trading down on the news. Peloton, Fox Factory, Dorel, GoPro, Vista Outdoor and Garmin. Read...
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November 9, 2020
New survey reveals 25 per cent of female professional riders earn zero salary
Wage disparity is growing between the highest and lowest paid riders, according to The Cyclists' Alliance annual survey. Read more on Cycling News.
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November 5, 2020
Peloton Nets Another Bump in Revenues, Subscribers
Peloton’s drive for two million subscribers by next fall for its connected bikes and treadmills is ahead of schedule, reporting a gain of another 240,0000 users after markets closed on Nov. 5. Peloton reported revenues of $757.9 million for its first fiscal quarter, a 20% increase over last quarter and...
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November 5, 2020
Wolverine Eyes Market Share Gains At Saucony And Merrell Amid Pandemic
In the third quarter ended Sept. 26, revenues declined 14.1% to $493.1 million due to the pandemic’s ongoing impact. On a constant-currency basis, revenue was down 14.6%. Net earnings fell 55.3% to $21.7 million. Reported operating margin was 8.6% compared to 11.9% in the prior year. Adjusted operating margin was...
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November 5, 2020
Study shows running can boost mental acuity
A recent study out of the University of Calgary found that running has cognitive benefits and performing other aerobic exercises on a regular basis for just six months can boost brain function by 5.7%. The study suggests that new runners of all ages should experience at least some improvements after...
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November 5, 2020
British Cycling suspends all cycling activities and events
British Cycling has taken the decision to suspend all cycling activities and events in England, as new national restrictions come into force. The suspension will last until Dec. 3. However, there are new restrictions to encourage cycling and being active. Here’s a summary of the rules riders will need to...
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