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 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.
May 28, 2020
Peloton CEO John Foley talks cheaper bikes and making the most of staying home
In this interview, Foley discusses his contrarian view of physical retail stores (he plans to use the pressure on malls and retailers to add more premium locations to Peloton’s nearly 100 retail stores world wide). He also discussed plans to make the company’s bike, which retails for $2,245, or $58...
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...
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