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.
April 15, 2020
The logistical hell of postponing the Olympics for one year
Immense logistical, economic, and psychological challenges lie ahead for the organizing committee and the city of Tokyo—challenges that must be faced under the looming risk that an unabated coronavirus pandemic may ultimately compel organizers to cancel the Olympics, regardless of preparations. And the sheer price tag of holding the Olympics...
April 14, 2020
Cancellation of Tour could lead to ‘economic meltdown’ in cycling
The Tour de France is not just the center of the cycling season and a celebration of the French nation, but an economic pillar on which teams, sponsors and riders rely. The past month has already seen several teams cut rider salaries and sponsors shoot out warnings of recalling budgets as the early-season racing stop took its...
April 13, 2020
USA Cycling putting timely emphasis on personal well-being
Kelsey Erickson had spent nearly a decade working in the mucky world of international anti-doping when she heard that USA Cycling was looking for someone to build and administer a wellness program for riders at all levels. Read more on USA Today.
April 9, 2020
Cycling-World governing body UCI to furlough staff, reimburse event fees
Cycling's world governing body the UCI said on Thursday it was furloughing its entire staff, either fully or partially, in a bid to "weather the storm" caused by the coronavirus pandemic. Senior management and elected UCI officials have agreed to salary reductions while 130 UCI employees will be furloughed. Other measures...
April 7, 2020
HYLETE Announces Regulation A Offering
Hylete, Inc., the fitness lifestyle brand based in Solana Beach, CA, announced a $12 million equity raise under a Regulation A Tier 2 offering. Hylete was founded in 2012 as a direct-to-consumer brand and had 2019 net revenues of over $12.5 million. Read more on SGBMedia.
April 6, 2020
What bike shops are open during the COVID-19 response?
Portland Design Works and Chris King Precision Components have collaborated to publish an interactive map showing the hours and current status for more than a thousand retailers in the U.S. during the COVID-19 pandemic. Read more on Bicycle Retailer.
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 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.