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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.
April 1, 2020
The UCI suspends cycling events through June 1
The UCI decided that this extension would apply to all cycling disciplines and all categories of riders. The governing body will continue to work on a framework for the international racing calendar, based on its exchanges with the stakeholders, and plans to give priority to the three grands tours, and the...
March 31, 2020
A race director answers participant questions about COVID-19 cancellations
With race after race getting cancelled due to the Coronavirus pandemic, triathletes and runners are left with a lot of questions. A top race director provides some answers. Read more on Triathlete.
March 31, 2020
September could be a blockbuster month for racing
Track meets and road races rescheduled from spring will join events already slated for September to create an overloaded race calendar for runners and fans. Read more on Podium Runner.
March 30, 2020
New Balance will make protective face mask prototypes in its Massachusetts factory amid the coronavirus crisis
New Balance has created some of its most coveted sneakers in its Lawrence, Mass., manufacturing facility. Now, the company is preparing to produce face masks. See their prototype on Footwear News.
March 30, 2020
U.S. Olympic orgs to lose more than $120M in revenue, data shows
The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs, and others are desperate to stay solvent. Some are expecting a major downturn in membership dues, and others are reeling...
March 30, 2020
New dates for Tokyo Olympics clash with 2021 Tour de France
Earlier this month the International Olympic Committee (IOC) confirmed that the 2020 Olympics would be postponed by a year because of the coronavirus outbreak, with Japan now set to host from July 23 to August 8, 2021. With the 2021 Tour de France scheduled to run from July 2-25, it’s going...
March 27, 2020
Citizens are reporting runners who ‘double run’ in the UK
With isolation on the rise and lockdown in effect, British runners have been taking to the streets twice a day to run. However, right now, doubling is technically in violation of the government lockdown rules, which only allow leaving the home for exercise once a day. According to the BBC, neighborhood watch...
March 27, 2020
USA Cycling expecting 30 percent revenue shortfall in 2020
Governing body to reduce staff by 15 percent and furlough a further 25 percent as revenues expected to plummet. Read more on VeloNews.
March 26, 2020
How running led the charge to postpone the Olympics
You know things are bad when the athletes and USATF are on the same page. Read more on Outside.
March 26, 2020
Small Business Relief Tracker: Funding, grants and resources for business owners grappling with coronavirus
In an effort to help business owners find financial relief, we’ve rounded up all of the government agencies, private companies and nonprofit organizations that are extending support. Read more on Forbes.
March 26, 2020
Lululemon’s Q4 earnings top estimates on online sales surge
Lululemon Athletica Inc. reported net earnings rose 36.4 percent and slightly exceeded Wall Street’s targets. Same-store sales soared 20 percent, lifted by a 41 percent hike in online sales. Net revenue was $1.4 billion, an increase of 20 percent compared to the fourth quarter of fiscal 2018. Wall Street’s consensus estimate...
March 25, 2020
On a lighter note: Mum sets up epic obstacle course for her kids in quarantine.
One mum has come up with a genius idea, sharing on her Facebook page just exactly how she plans to keep her toddler busy, with an elaborate obstacle course. Read more on Kidspot.
March 25, 2020
Tokyo 2020 sponsors will retain rights in 2021, says Bach
A number of the IOC’s TOP sponsorship contracts are set to expire at the end of 2020, including those with General Electric, Procter & Gamble and Dow, and their status had been thrown into doubt by the decision to delay the Games amid the ongoing coronavirus pandemic. However, Thomas Bach, president...
March 25, 2020
Why Dick’s Sporting Goods is suspending CEO and president salaries amid the coronavirus pandemic
Top executives at Dick’s Sporting Goods will not take home pay for a temporary period as the retailer braces itself for the coronavirus’s impact on its business. What’s more, Dick’s announced reductions in the base salaries of all members of its senior management team. Other salaried employees will also take cuts...
March 25, 2020
Six things race directors wish runners understood about canceled events
Runner’s World asked race directors of four marathons—Big Sur, Eugene, Flying Pig, and Napa Valley—what they wish athletes knew about how these races operate, so when cancellations happen, runners remain calm. Read what they said here.
March 25, 2020
ShowcasedEndurance Sports Coronavirus Daily News Updates
Endurance Sportswire is providing timely and pertinent articles and news updates specific to coronavirus and the running, cycling and triathlon industries. Additionally, click HERE to see the most updated list of cancelled/postponed running, cycling and triathlon events in the United States. NEWS UPDATES 4/1 The UCI suspends cycling events through...
March 24, 2020
NIKE, Inc. reports fiscal 2020 third quarter results
Revenues increased to $10.1 billion in the third quarter, up 5 percent on a reported basis and up 7 percent on a currency-neutral basis. Digital sales in Greater China increased more than 30 percent while brick and mortar retail sales were impacted by temporary store closures related to COVID-19. Read more...
March 24, 2020
2020 U.S. Olympic Track and Field Trials Rescheduled After Olympic Postponement
The 2020 U.S. Olympic track and field trials in Eugene, Ore. will be rescheduled in the aftermath of the 2020 Tokyo Olympics being postponed to 2021, organizers from Track Town USA announced Tuesday afternoon. The trials were scheduled for June 19 to 28 on the University of Oregon's campus. Read more...
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