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.
June 9, 2020
24 Hour Fitness starts to reopen, but S&P downgrades debt rating and potential bankruptcy looms
Gym giant 24 Hour Fitness Worldwide has nearly four million members for its 440 clubs in 14 states, but the coronavirus has been a crippling blow for the chain since it announced the closing of all of its clubs on March 16. Franchises recently reopened in Dallas and Houston, and...
June 8, 2020
Why we can’t (or won’t) let Lance Armstrong go
The recent ESPN 30 for 30 documentary highlights why we're still fascinated by Lance Armstrong. Read more on Triathlon Magazine.
June 8, 2020
Fuji Bikes suspend sale of American police bikes used in ‘violent tactics’ during protests as Trek faces criticism
Fuji said seeing its bicycles deployed in this manner during the George Floyd protests went against their intended use. Read more on Cycling Weekly.
June 8, 2020
The Power List: The 50 most influential people in cycling
Here is this year's list of the riders, managers, agents, and stakeholders who pull the strings of the sport according to Cycling News.
June 4, 2020
Nike’s ‘For Once, Don’t Do It’ ad seen as empowering, exploitative: study
Nike's "For Once, Don't Do It" ad was perceived as empowering by 60% of respondents in a recent Ace Metrix study shared with Marketing Dive. The spot, released on May 29, serves as the company's response to George Floyd's murder and subsequent protests around the world. Read the rest of the study results...
June 3, 2020
Banned track coach Salazar gets court date for doping appeal
Banned track and field coach Alberto Salazar will try to overturn his four-year suspension at sport’s highest court in November. The Court of Arbitration for Sport said Tuesday it will hear appeals from Salazar and endocrinologist Jeffrey Brown between Nov. 8-16. Read more on Associated Press.
June 2, 2020
Dick’s online growth accelerates In Q1, in-store regaining momentum
Dick’s Sporting Goods joined most other retailers in reporting a steep loss in the first quarter due to the coronavirus pandemic. Online growth, however, accelerated with a boost from curbside pickup, and in-store sales are showing a nice recovery as stores reopen. Find out what their earnings were at SGBMedia.
June 1, 2020
A directory of brands and retailers that have spoken out against racism
in light of recent events, including the deaths of George Floyd, Breonna Taylor and Ahmaud Arbery, Gear Patrol has put out a growing list of brands and retailers who have spoken out against systemic racism and their public statements.
June 1, 2020
Bikes have won big in pandemic equipment sales
Gear sales have gone topsy-turvy since the crisis began, with some sectors up and others disastrously down. But through it all, bikes have soared. Read more on SNEWS.
May 28, 2020
Fitness trainers reimagine their business model during the pandemic
Most fitness professionals saw their businesses come to a lurching halt when the epidemic struck. Many have pivoted and created an even more successful business model. Read more in New York Times.