Business

November 3, 2020

The 50 Best Places to Work in 2020

Work life got turned upside down this year, and many people are just thankful they have any job at all. But some companies have gone above and beyond to not just survive, but thrive. Outside lists the 50 places which topped the list.

November 3, 2020

Nike Is Now Laying Off 700 — Not 500 — Workers at Oregon HQ

The Swoosh, which indicated in a WARN notice in July its plans to lay-off 500 HQ workers, has upped that number to 700 job cuts, and expects to complete the staff reductions by Jan. 8, 2021. Read more on Footwear News.

November 3, 2020

USA Cycling Announces Medical Advisory Board

COLORADO SPRINGS, Colo. –  Following the appointment of Dr. Michael Roshon as USA Cycling’s Chief Medical Officer, Dr. Roshon has developed a Medical Advisory Board appointing six members to the board for USA Cycling. The primary purpose of the Medical Advisory Board is to provide expert advice to support Dr....

November 2, 2020

Emerald Holding takes earnings beating on cancelled shows

You know them for your favorite trade shows that didn't happen this year including Outdoor Retailer, SurfExpo and others. The company reported revenues of $8.5 million in the third quarter ending September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent....

November 2, 2020

Under Armour is selling MyFitnessPal and exiting stores

While other companies are "all in" on fitness platforms primarily resulting from the growing online workout boom, Under Armour is taking a loss on its MyFitnessPal acquisition it made just five years ago for $475M.  The company is selling the diet- and exercise-tracking app to investment firm Francisco Partners for...

November 2, 2020

Pocket Outdoor Media Acquires FinisherPix, Global Sports Photography Provider

Boulder, Colorado, USA — November 2, 2020 —Pocket Outdoor Media (POM), the world's leading creator of active lifestyle content, today announced the acquisition of FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners,...

November 2, 2020

Sportstats Grows Again, Launching New Brands and Services

Created in response to the cancellation of events by the COVID-19 pandemic, VirtualRun.World keeps people active and engaged by offering the ability to race virtually. Currently shipping in Canada, the United States, and Australia, the brand continues to grow its global presence. VirtualRun.World strives to offer a premier virtual racing...

November 2, 2020

Skylar Schneider, Kendall Ryan & Justin Williams to lead 2021 L39ION of Los Angeles Co-Ed Domestic Elite Team

LOS ANGELES, November 2, 2020 – Williams Racing Development, the company that uses marketing to promote and increase diversity within cycling, today announced the roster for their 2021 L39ION of Los Angeles USA Cycling Domestic Elite Team and the establishment of a Men’s UCI Continental Team, L39ION of Los Angeles....

October 30, 2020

Race Roster invests heavily in Customer Success

London, ON (Friday, October 30, 2020) - Speed is no stranger to Race Roster’s growing Customer Success team. They’re not only quick to answer your call, but they’re also likely to be one of the first runners at your finish line. Race Roster’s Customer Success team takes pride in their...

October 29, 2020

Skechers (SKX) Tops Q3 Earnings and Revenue Estimates

Skechers came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago. Skechers posted revenues of $1.30 billion for the quarter ended September 2020. Read more on Zacks.

October 29, 2020

Wall Street suddenly loves bike companies thanks to cycling boom

In October, Canyon, a high end, direct-to-consumer bike brand, announced that it was in talks with private equity and buyout firms. A sale could bring in $592 million and start a trend. Find out what other companies are making waves here.

October 29, 2020

Lululemon Wants to Achieve Full Pay Equity for Gender and Race by 2022

The athletic apparel and accessories chain announced today that it has developed a long-term strategy to become a more equitable business through inclusion and diversity, as well as minimize its environmental impact. It set 12 ambitious goals, which involve commitments to invest $75 million into wellbeing programs by 2025, expand...

October 29, 2020

Hoka Drives Stellar Quarter for Deckers Brands

Deckers Brands posted a monster quarter with sales rising 14% in constant currency, driven by 83% growth in its running brand Hoka One One. The brand, which has been on a tear for quite some time, increased 83% to $143 million. Nearly every brand in the company portfolio grew during the...

October 28, 2020

Whoop, maker of the fitness tracker that pro athletes love, is now valued at $1.2 billion

Some of the biggest names in sports are investing in the wearable company Whoop amid a global pandemic. The fitness tracking company announced it closed a $100 million financing round. Whoop is the fitness tracker of choice for a number of pro athletes, now used to help monitor potential symptoms...

October 28, 2020

Shimano’s Earnings Climb In Nine Months

Shimano Inc. reported earnings rose 10.4% in the nine months ended September 30 despite a 2.0% dip in sales. Earnings reached ¥47,231 million, up from ¥42,799 million a year ago. Sales were ¥264,174 million against ¥269,523 million. Operating income increased 7.7% to ¥54,300 million and ordinary income increased 5.7% to...

October 28, 2020

Garmin (GRMN) Q3 Earnings and Sales Beat Estimates, Up Y/Y

GRMN has reported third-quarter 2020 pro-forma earnings of $1.58 per share, beating the Zacks Consensus Estimate by 56.4%. Moreover, the bottom line improved 24.4% on a year-over-year basis and 73.6% sequentially. Net sales were $1.11 billion, which surpassed the Zacks Consensus Estimate of $907.4 million. The figure increased 19% from...

October 28, 2020

Nelson joins Grandma’s Marathon as Program Director

(DULUTH, MINN.) --- Grandma’s Marathon-Duluth, Inc. is pleased to announce the hiring of Alivia Nelson as its new Program Director, effective immediately. Among her primary responsibilities will be overseeing Grandma’s Marathon’s sustainability initiative, volunteer coordination, and kids programming throughout the year. She will provide marketing and administrative support and assist...

October 28, 2020

Running USA Launches 2020 Global Runner Survey

(October 28, 2020) – Running USA, the non-profit trade organization for the sport of running, has revamped and rebranded its annual runner survey, which will now be global. Running events and businesses of all kinds, worldwide, are encouraged to share the survey for widest possible response. The 2020 survey edition...

October 27, 2020

Triathlon Apparel Brand HUUB Secures Pre-Launch £575,000 Crowdfunding After 681% Sales Lift

The British triathlon apparel brand secured the investment in a 48-hour private launch ahead of the public release of a crowdfunding campaign on Oct. 28. HUUB had set a minimum target of £250,000 on the Crowdcube platform and blew past this within hours. Read more on Forbes.

October 27, 2020

Running Tour Company Expanding Across U.S.

October 27, 2020 – Nashville Running Tours, a tour operating company based in Nashville, Tennessee specializing in running and walking tours, has rebranded to Running Tours USA and is expanding operations to markets across the United States. In addition to Nashville, Running Tours USA will be setting up operations in...

October 27, 2020

RunSignup’s Geographic Shipping Feature Expands Virtual Race Opportunity

Moorestown, NJ – RunSignup | GiveSignup, the leading all-in-one platform for in-person and virtual endurance events, unveiled a new shipping charge feature to help race directors manage the cost of shipping internationally. As the virtual event market has grown throughout 2020, races have found themselves with a new opportunity: international...

October 27, 2020

Sea to Summit Announces New Highly-Anticipated Tent Lineup for Spring 2021

Boulder, CO (October 27, 2020) — Sea to Summit, the globally recognized adventure equipment brand headquartered in Perth, Western Australia, is pleased to announce the company’s entry into technical backcountry tents. Following more than three years of rigorous research and design, Sea to Summit will be releasing two lightweight tent...

October 27, 2020

Phelps Brand Ninja Goggle Now Available Worldwide

VISTA, Calif. October 27, 2020 — Phelps Brand, a global swim brand offering best-in-class, innovative swim products, today announced its all-new Ninja competition goggle is now available worldwide. The latest evolution of the Phelps Brand’s top-of-the-line competitive racing goggle, the Ninja offers swimmers the ultimate high-performance racing goggle on the...

October 26, 2020

TRUE Communications Builds Leadership Team

(Sausalito, CA — 26 October 2020) Integrated communications agency TRUE Communications recently announced a series of promotions to better service their rapidly expanding roster of clients and suite of services. TRUE has promoted Peter Nicholson to Partner, Greg Fisher to Partner, Garin Fons to Vice President, Marketing & Strategy, and...

October 26, 2020

Thule rides bike boom to 45% growth in Q3

Sales for the third quarter ending in September were SEK 2,436 million ($278 million), up from SEK 1,682 million ($192.1 million) from the third quarter 2019. The COVID-19 pandemic caused Thule's sales to decrease 4.9% in the first quarter and 11.6% in the second quarter. Read more on Bicycle Retailer.