BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
May 28, 2020
Why small businesses are starting to say ‘No Thanks’ to the government’s PPP loans
The Small Business Administration’s Payroll Protection Program — introduced in March as part of the $2.2 trillion CARES Act, to provide loans to companies impacted by the coronavirus pandemic — has been a boon to many struggling business owners. But not everyone is opting in. Read why and what changes are being...
May 27, 2020
Lance Armstrong says it’s “time for the riders to seize power”
At a time when all the key stakeholders desperately want to see cycling restart, the chances of disrupting or overhauling the legacy constraints of the sport – and enriching its future – may well be greater right now than ever before. Read more on VeloNews.
May 26, 2020
SFIA survey underscores industry’s struggles
Over 70 percent of sports and fitness manufacturers and businesses reported a sales drop of over 25 percent for the month of April as most of the country’s stores were closed to prevent the spread of the coronavirus, according to a survey of industry participants by the SFIA. But the...
May 25, 2020
Asics North America sees double-digit sales decline
Asics North America (ANA), which includes the U.S., Canada and Mexico, said sales in the U.S. were down 18.4 percent year-over-year in the first quarter. Canada and Mexico were down 5.5 percent and 10 percent year-over-year in the local currency respectively. Asics U.S. saw a year-over-year decrease of 14.2 percent in...
May 20, 2020
Gyms reopen with new coronavirus rules in Hong Kong
As gyms around the world begin to reopen after closures due to the coronavirus pandemic, many have implemented Covid-19 safety measures. Check out this video of a gym in Hong Kong.
May 20, 2020
Running Industry Association provides a current snapshot of COVID-19’s impact on the run specialty channel.
The latest survey with run specialty retailers outlines the significant negative impact the pandemic has had on businesses. Access the full report here.
May 19, 2020
Marathon racing brings big money to cities across America. Some events may not survive the pandemic
In this segment of the series, “The Next Normal,” CNBC examines what happens to the highly popular running industry as thousands of races have been cancelled, and what races of the future might look like. Read this in-depth article here.
May 18, 2020
Thinking of buying a bike? Get ready for a very long wait.
The United States is facing a shortage of bicycles as anxiety over public transportation and desire to exercise has sent the demand surging. Read more in New York Times.
May 18, 2020
Cycling sales surge in first quarter
Cycling sales increased 31 percent to $1.3 billion in the first quarter of the year, according to NPD. Find out what types of bikes made the biggest jump in sales on SGBMedia.
May 13, 2020
70% of US Olympic sports applied for PPP funds
The Associated Press surveyed 44 of the country’s national governing bodies (NGBs) and all but four of the 36 NGBs that responded said they had applied for assistance from the Paycheck Protection Program. Not all the organizations revealed how much they received, but those who did have been approved for...