News Topics
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November 12, 2020
San Antonio Rock ‘N’ Roll Marathon canceled
Organizers of San Antonio’s Rock ‘N’ Roll Marathon & Half Marathon, scheduled for Dec. 5 and 6, have decided to postpone the 2020 events due to concerns about COVID-19. Following a recent spike in COVID cases in the area, the decision was made to call off the event. Read more...
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November 12, 2020
Tokyo Olympics could look to secure own vaccine supply, says Thomas Bach
International Olympic Committee (IOC) president Thomas Bach has not ruled out seeking to source a supply of coronavirus vaccine doses to ensure the safe staging of the Tokyo Games in 2021. He will visit the Japanese capital between Nov. 15 and 18, his first trip there since the Games were...
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November 11, 2020
Defamation suit against USA Cycling dismissed
A federal judge has dismissed former congressional candidate and Olympic gold medal cyclist Marty Nothstein’s lawsuit against the sport’s governing body over its disclosure of a sexual misconduct allegation against him. Nothstein alleged USA Cycling damaged his reputation and invaded his privacy by placing him on a list of cyclists...
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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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November 4, 2020
Weight Training May Help Ease Anxiety
According to a timely new study of anxiety and resistance training, which involved healthy young adults, barbells and lunges, regular weight training substantially reduces anxiety, a finding with particular relevance during these unsettling, bumpy days. Find out how from the New York Times.
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November 4, 2020
Fitbit’s Q3 Revenues Expand 5 Percent
Fitbit Inc., which reached an agreement to be acquired by Google, reduced its loss in the third quarter as sales grew 4.8%. Revenue reached $363.9 million against $347.2 million a year ago. The net loss shrunk to $54.5 million, or 20 cents a share, from $51.9 million, or 52 cents,...
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November 4, 2020
Breakaway professional cycling union launches for men’s peloton
A new representative body for pro male cyclists has officially launched this week with the intention of securing top road riders a greater say in how the sport is run. The Riders Union is spearheaded by a five-member board including cycling agents Andrew McQuaid, Michael Rutherford and Thibault Hofer, and...
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November 4, 2020
Endurance Exchange: ‘Athlete Insider’ track, keynote and Mike Reilly to emcee
USA Triathlon has announced Olympic speedskater Apolo Anton Ohno as a keynote speaker for the second annual Endurance Exchange. The 2021 edition will be hosted by USA Triathlon on Jan. 21-23, 2021 and will be held virtually to offer greater flexibility, reduce costs and eliminate the need for constituents to...
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November 3, 2020
The 50 Best Places to Work in 2020
Work life got turned upside down this year, and many people are just thankful they have any job at all. But some companies have gone above and beyond to not just survive, but thrive. Outside lists the 50 places which topped the list.
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November 3, 2020
Big Data Reveals New Marathon Training Approaches
Tracking what successful marathoners actually do reveals new optimal training patterns of hard weeks and easy weeks. Read more on Women’s Running.
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November 3, 2020
Nike Is Now Laying Off 700 — Not 500 — Workers at Oregon HQ
The Swoosh, which indicated in a WARN notice in July its plans to lay-off 500 HQ workers, has upped that number to 700 job cuts, and expects to complete the staff reductions by Jan. 8, 2021. Read more on Footwear News.
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November 2, 2020
What does the future of road racing look like during a pandemic?
The coronavirus pandemic has already changed road racing, maybe irrecoverably. It's a sport that brings together tens of thousands of everyday athletes in tandem with elite runners -- on a single course, often for the duration of a day. So while just about every major sport has been able to...
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November 2, 2020
Emerald Holding takes earnings beating on cancelled shows
You know them for your favorite trade shows that didn't happen this year including Outdoor Retailer, SurfExpo and others. The company reported revenues of $8.5 million in the third quarter ending September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent....
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November 2, 2020
Tour de France 2021 route revealed
Next year's course for the world's most watched cycling event has been announced. Scheduled to begin on June 26, 2021, riders will tackle Mont Ventoux twice on stage 11 before finishing down in the town of Malaucène. A summit finish in Tignes will also take place on stage nine, two...
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November 2, 2020
Under Armour is selling MyFitnessPal and exiting stores
While other companies are "all in" on fitness platforms primarily resulting from the growing online workout boom, Under Armour is taking a loss on its MyFitnessPal acquisition it made just five years ago for $475M. The company is selling the diet- and exercise-tracking app to investment firm Francisco Partners for...
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October 29, 2020
Skechers (SKX) Tops Q3 Earnings and Revenue Estimates
Skechers came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago. Skechers posted revenues of $1.30 billion for the quarter ended September 2020. Read more on Zacks.