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Business
November 17, 2020
POM hires former Bike editors, will launch mountain bike title
Pocket Outdoor Media is adding scale to its Active Pass membership by hiring five Bike magazine editors who were furloughed this fall. The crew will lead the effort to launch a new mountain bike title in 2021. A360 Media also announced in October that it will “pause” the magazine as...
November 17, 2020
Mountain Hardwear Bolsters European Presence With New Distribution Partners
Richmond, Calif. (November 17, 2020) - Mountain Hardwear, a leader in performance equipment and apparel for climbers, mountaineers, and athletes, is proud to announce the expansion of their international distribution to include four new distribution partners in Europe including MnO International, 2Pure, E.Tremmel Marketing and Amwear. “The value of having...
November 17, 2020
Race Roster and the ASICS Runkeeper™ app introduce audio cues
London, ON (Tuesday, November 17, 2020) - Race Roster’s NEW audio cues feature provides event organizers with a fantastic way to engage with participants at exactly the right moment as they track their event progress using the ASICS Runkeeper™ app. Event organizers can set up recordings and sounds to play...
November 16, 2020
Cotopaxi and MiiR Create Sustainable New Partnership And Drinkware Collection
(Salt Lake City, UT.) Nov 16, 2020 – Outdoor brands Cotopaxi and MiiR have created a powerful partnership to not only tackle the single use plastics crisis, but also to reinvent corporate expectations of “collaboration before competition”. The brands, both certified B Corps dedicated to giving back and doing good,...
November 16, 2020
Emerald appoints Hervé Sedky as President and Chief Executive Officer
Sedky brings three decades of experience including, most recently, six years as President of Reed Exhibitions Americas. Before that, he was an executive for 20-years at the American Express Company, where he held the title of Senior Vice President and General Manager of American Express Business Travel.
November 16, 2020
Lululemon to sell Mirror devices in stores, add community features
After acquiring the company over the summer, Lululemon will now offer Mirror devices at its stores across the U.S., beginning with 18 stores this holiday season. The athletics retailer is also introducing a range of new engagement features for the tech, including letting users turn on a built-in camera to...
November 16, 2020
‘I am committed to keep learning’: Chloe Dygert apologizes for controversial social media conduct
The American rider issued the apology after joining Canyon SRAM, having apparently liked a transphobic tweet from Donald Trump, as well as posts stating 'white privilege doesn't exist.' Cycling Weekly
November 16, 2020
Strava raises $110 million, touts growth rate of 2 million new users per month in 2020
The Series F round was led by TCV and Sequoia, and including participation by Dragoneer group, Madrone Capital Partners, Jackson Square Ventures and Go4it Capital. The funding will be used to propel the development of new features, and expand the company’s reach to cover even more users. Tech Crunch
November 16, 2020
THRU Launches a New Bike Shipping Service
Your Bike. There. With bicycle sales booming, a new shipping service promises retailers, manufacturers, private sellers and cyclists a worry-free way to get bikes to customers and ride destinations. THRU – from the TriBike Transport™ team – offers fast, reliable, safe and cost-effective shipping, backed by solid bike transport experience,...
November 16, 2020
New President Named at OutsidePR
Sausalito, CA, November 2020– OutsidePR, which last month celebrated its 25th Anniversary, is proud to announce that Jess Smith has assumed the title of President of the agency. Founder and current President, Gordon Wright, will remain in a leadership role while assuming the title of Partner. Associated with the leadership...
November 13, 2020
JP Sportswear Celebrates One Year at New Facility
LYNWOOD, California (November 13, 2020)– JP Sportswear; a leading Southern California based premium active apparel and accessory manufacturing company with more than four decades of experience, reaches the one-year mark at their new facility in Lynwood, CA. This year has been full of challenges (for everyone!) and here are a...
November 11, 2020
Defamation suit against USA Cycling dismissed
A federal judge has dismissed former congressional candidate and Olympic gold medal cyclist Marty Nothstein’s lawsuit against the sport’s governing body over its disclosure of a sexual misconduct allegation against him. Nothstein alleged USA Cycling damaged his reputation and invaded his privacy by placing him on a list of cyclists...
November 11, 2020
Super League Triathlon Moves Into USA With Acquisition Of Malibu Triathlon
Super League Triathlon (SLT) is set to establish itself in the USA with the acquisition of the Malibu Triathlon. The prestigious event has welcomed world class athletes as well as Hollywood stars such as Matthew McConaughey and Zac Efron during its long and illustrious history and secures Super League Triathlon...
November 10, 2020
Peloton, Beyoncé Ink Multi-Year Content Partnership
Connected fitness company Peloton and 24-time Grammy award-winning singer Beyoncé have a multi-year content partnership that includes elements to honor Historically Black Colleges and Universities. The first initiative between the parties is a series of classes to commemorate “homecoming season,” the annual fall tradition at HBCUs. Read more on Front...
November 10, 2020
Adidas Earnings Recover in Q3, But Lockdowns Could Affect Outlook
The German-based sportswear company reported that income for the three months ending Sept. 30 was $683 million down from $761.5 million a year earlier. Revenues in Q3 decreased 7% to $7.04 billion; Q2 revenue decreased 34%. In the first nine months of 2020, revenues decreased 18% on a currency-neutral basis....
November 10, 2020
PeopleForBikes Unveils Toolkit for Improving Bicycle Networks in Cities and Towns
BOULDER, CO. (Nov. 10, 2020) — PeopleForBikes is launching the Advocacy Academy, an extensive online toolkit of educational resources to help city leaders, local advocates and other stakeholders improve bicycle networks and programs in their communities. “We’ve been working with cities and towns for years to build protected bike lanes,...
November 10, 2020
The Right Stuff® (NASA-developed hydration) Announces Exclusive Partnership with Endurance Zone
Boulder, CO November 10, 2020: Wellness Brands, marketers of The Right Stuff® hydration formula from NASA, is thrilled to announce it has entered into a strategic partnership as the exclusive Hydration Partner with Endurance Zone™ “When we learned of EZTV, we were immediately excited about the need this streaming service fills...
November 10, 2020
Snowbasin to Open for 80th Winter Season
With the recent foot of fresh snow, Snowbasin, one of the longest operating resorts in the United States, is looking forward to celebrating its 80th season with a target opening in late November/early December, pending snowfall and available terrain. As the 2020-21 winter season approaches, Snowbasin is pleased to share additional...
November 10, 2020
Stronger Together: She.is.beautiful partners with Black Girls RUN!
She.is.beautiful 5k and 10k presented by Dignity Health Dominican Hospital, a women founded, women produced, race series and lifestyle brand in California partners with nationwide Black Girls RUN! to amplify inclusivity, compassion, and inspiration in the running and fitness industry and in life. It is not enough for the running...
November 10, 2020
Challenged Athletes Foundation (CAF) and U.S. Paralympics Nordic Skiing Partner to Bring Winter Sport Development to the Next Level for Athletes with Physical Disabilities
BOISE, Idaho – (November 10, 2020) – Challenged Athletes Foundation (CAF) and U.S. Paralympics Nordic Skiing (USPN) today announced a partnership to develop adaptive athletes from their first-time experience to the top levels of Nordic skiing and biathlon. In his new position as development coach, Wilson Dippo will lead the...
November 9, 2020
Pocket Outdoor Media Acquires Paleo Magazine Assets
Boulder, Colorado, USA — November 9, 2020 — Pocket Outdoor Media (POM), the world's leading creator of active lifestyle content, today announced the asset acquisition of Paleo Magazine and all of the digital assets that accompany the brand. Paleo Magazine joins POM’s existing stable of active lifestyle brands: Climbing, Backpacker,...
November 9, 2020
Dorel Sports reports continued growth, new pandemic wave expected to impact Q4
Dorel Sports has seen its sixth consecutive quarter of revenue growth, with third-quarter revenue at $305.6 million, an increase of 22.1%. Read more on BikeBiz.
November 9, 2020
Peloton and some bike stocks trade down on vaccine news
Major stock indexes soared Monday, apparently on Pfizer's announcement before markets opened in New York that its COVID-19 vaccine candidate was achieving 90% effectiveness in trials. However, some bike-related stocks that have been booming during the pandemic were trading down on the news. Peloton, Fox Factory, Dorel, GoPro, Vista Outdoor and Garmin. Read...
November 5, 2020
Peloton Nets Another Bump in Revenues, Subscribers
Peloton’s drive for two million subscribers by next fall for its connected bikes and treadmills is ahead of schedule, reporting a gain of another 240,0000 users after markets closed on Nov. 5. Peloton reported revenues of $757.9 million for its first fiscal quarter, a 20% increase over last quarter and...
November 5, 2020
Wolverine Eyes Market Share Gains At Saucony And Merrell Amid Pandemic
In the third quarter ended Sept. 26, revenues declined 14.1% to $493.1 million due to the pandemic’s ongoing impact. On a constant-currency basis, revenue was down 14.6%. Net earnings fell 55.3% to $21.7 million. Reported operating margin was 8.6% compared to 11.9% in the prior year. Adjusted operating margin was...
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