May 1, 2020

Team Evergreen to present the Co2uT in 2020

EVERGREEN, COLO. May 1, 2020 — Team Evergreen Cycling and Desert Gravel are teaming up to present the inaugural Co2uT gravel race, scheduled for October 10th, 2020.  This unique “Desert Gravel” event starts and ends in Fruita, CO, and travels around and across the Colorado-Utah borderlands. Taking advantage of all...

April 30, 2020

Electrolit Donates Over Half a Million Dollars of Hydration Beverages to Frontline COVID-19 Workers

CERRITOS, Calif. (April 30, 2020) – The makers of Electrolit – the preferred, premium hydration beverage made from pharmaceutical quality grade ingredients – announced today that they have donated over $570k in hydration beverages to frontline COVID-19 workers. The donation will be distributed to hospitals throughout New York, California and...

April 30, 2020

Wanda Sports’ 2019 revenues reach US$1.15bn

Wanda Sports Group’s (WSG) total revenues for 2019 fell to US$1.15 billion, representing an annual decrease of nine per cent compared to the previous year. WSG chief executive Hengming Yang used the annual filing to express his confidence that the events and marketing agency can weather the impact of the ongoing coronavirus pandemic, citing...

April 30, 2020

Alta Cycling Group Provides Support for Retail Partners

KENT, Wash., April 30, 2020 — The COVID-19 crisis and ensuing recession continues to be a challenge that’s evolving week-by-week, making a challenging time even more of a struggle for Independent Bicycle Dealers (IBD’s). The leadership of Alta Cycling Group, a premier cycling company and owner of the Diamondback and...

April 30, 2020

Gran Fondo National Series and The Sufferfest Launch Virtual Qualification for USA Cycling Gran Fondo National Championship

(Gettysburg, PA – April 30, 2020) – In order to provide more opportunities for cyclists to qualify to compete in the 2020 USA Cycling Gran Fondo National Championship, the organizers of the Gran Fondo National Series partnered with the industry leader of Indoor Training, Wahoo & The Sufferfest, to launch...

April 29, 2020

An Ironman Sale Is Pending Amid Coronavirus. Can Its Racing Mojo Endure?

Wanda Sports Group, announced that it would sell IRONMAN to Advance, owner of the media company Condé Nast, for a reported $730 million. The deal is scheduled to close next month. That leaves IRONMAN in an awkward purgatory, during which the seller wants to spend as little money as possible and...

April 29, 2020

American Pacific Group acquires SaltStick

American Pacific Group, a San Francisco-based private equity firm, in partnership with Joe Falsetti of Dana Holdings, has acquired SaltStick, an electrolyte replenishment supplement with a strong following among endurance athletes for in-competition and training activities. Read more on Private Equity Wire.

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...

April 29, 2020

First Responders Fueled by GU Energy Labs Donations

Berkeley, Calif. — April 29, 2020 — GU Energy Labs has donated more than 65,000 product packages to more than 175 hospitals, medical care facilities, fire departments, police departments and other first responders across the country that are going above and beyond to keep our community safe and save lives...

April 29, 2020

The German Cycling Classic ESCHBORN-FRANKFURT Goes Virtual with ROUVY

Frankfurt, Germany / April 29, 2020 - ROUVY and GFR announce a virtual version of ESCHBORN-FRANKFURT to take place on May 1, 2020. Thanks to the 1:1 simulations by ROUVY, the professionals and amateurs alike can now ride on a shorter 40km-loop of ESCHBORN-FRANKFURT. Nathanael Bank, Project Manager of ESCHBORN-FRANKFURT, sees...

April 29, 2020

CHALLENGENORTHAMERICA, USA Triathlon and The Professional Triathletes Organisation To Partner at Iconic CHALLENGEDAYTONA Race in December

Daytona Beach and Colorado Springs, USA and London, England – It was announced today that USA Triathlon and the Professional Triathletes Organisation have joined forces with CHALLENGENORTHAMERICA to be part of its iconic CHALLENGEDAYTONA race at Daytona International Speedway on December 4th, 5th and 6th.  The three-day triathlon festival will...

April 29, 2020

JackRabbit and Olympia Sports Partner to Donate Supplies to Healthcare Workers Amid Covid-19 Pandemic

Denver, Colorado - JackRabbit and Olympia Sports announced they have partnered with key sports brands in the running and athletic industry to gather and deliver donations to medical workers who are on the frontline during the COVID-19 pandemic. Brand partners who generously contributed donations are Asics, Feetures, GU, HOKA ONE...

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.

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.

April 28, 2020

Race Roster introduces a communications handbook for event cancellations and modifications

London, ON (Tues, April 28, 2020) - COVID-19 has tested our industry and forced many of us to make some very hard decisions. There are many challenges that come with managing an event in the middle of a crisis, and you and your team may not have the time to...

April 28, 2020

VirtualSportsRacing.com Announces $1 Sign-Up for Event Organizers Hosting Virtual Endurance Events

Dallas, Texas – April 28, 2020 – VirtualSportsRacing.com, an innovative digital platform for virtual sports races, events and challenges, today announced $1 per registration pricing for all race directors, event organizers, brands and charities looking to host virtual endurance, multisport and gym events for their participants for events starting any time...

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.

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.

April 27, 2020

TBI Joins Endurance Sports Coalition

In response to COVID-19, Triathlon Business International (TBI) has joined the Endurance Sports Coalition. Founded in 2010, TBI is a multisport industry networking organization of businesses and individuals who support the growth and success of triathlon as a business and a sport. For more information about TBI, click here. The...

April 24, 2020

PeopleForBikes Supports Additional Funds for Paycheck Protection Program

WASHINGTON, D.C. (April 24, 2020) — Today, the federal government injected an additional $310 billion into the Small Business Administration's Paycheck Protection Program (PPP), supporting small businesses hit hardest by COVID-19’s economic slowdown. Small businesses are the backbone of the bicycle industry, serving their local communities, especially those who now...

April 23, 2020

Endurance sports sidelined by virus join race for federal relief

The Endurance Sports Coalition has been lobbying for the replenishment of a small business loan program designed to help struggling businesses keep workers on their payroll, in addition to underscoring with lawmakers the industry will need further help. Read more on Bloomberg Government.

April 23, 2020

Skechers’ online business is booming this month— Here’s how much digital could deliver in annual sales

Skechers is proving that it can battle the coronavirus. After reporting solid first-quarter results this afternoon, the Manhattan Beach, Calif.-based company elaborated on its pandemic game plan in a conference call — and it starts with the booming online business. Read more on Footwear News.

April 23, 2020

RunSignup Releases Looking Forward Guidelines for Races

Moorestown, NJ – RunSignup has released a working draft of Looking Forward Guidelines for Races. This living document was created with input from dozens of race directors, timers, governing bodies, and other industry partners. It is intended to provide ideas for a path forward for races when coronavirus restrictions are...

April 23, 2020

Cirrus Cycles, Inc. hires Nathan O’Neil and OnEdge Sport Sales to increase presence into the South Eastern states of the US

Bellingham, Wash. April 23, 2020 - Cirrus Cycles, the maker of the Kinekt suspension post and Kinekt stem, is pleased to announce a partnership with Nathan O’Neill and OnEdge Sport Sales, LLC, to increase their presence in the south eastern states of the US. “We are very excited to add...

April 22, 2020

Under Armour lays off more than 300 at Tennessee distribution center

The one-million-square-foot facility had employed 524 workers. In 2014, the Tennessee State Funding Board approved $6.75 million in state funds for Under Armour to build the Mt. Juliet facility. At the time, Under Armour was expected to employ 1,500 within five years. Read more on SGBMedia to find out where else...