News Topics
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 28, 2020
Is it possible to regulate virtual racing?
As virtual racing grows, so do questions over fairness and consistency. The issues discussed on Triathlete.
May 27, 2020
Beer Mile World Classic goes virtual with $8,000 prize purse
The Beer Mile World Classic (BMWC) has been growing in popularity over the last few years. This year’s race will be a bit different, but COVID-19 has not put an end to the 2020 BMWC, which organizers announced will be a virtual event open to runners everywhere with a prize purse of $8,000....
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
ESPN Teams with Peloton for First Ever Pro-Athlete All-Star Ride
ESPN will air Peloton’s first ever All-Star Ride on Saturday, May 30, featuring 16 pro-athlete participants (eight male and eight female) from across the sports landscape, all of whom are current Peloton members. Read more on ESPN.
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
On a lighter note: What your Strava maps says about you
If you’re an avid Strava user, you know that every upload comes with an average pace, date and time, and a map. Whether you like it or not, the map is part of everyone’s file and shows the path you took to get your exercise done that day. A map...
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...
