News Topics
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May 19, 2020
Marathon racing brings big money to cities across America. Some events may not survive the pandemic
In this segment of the series, “The Next Normal,” CNBC examines what happens to the highly popular running industry as thousands of races have been cancelled, and what races of the future might look like. Read this in-depth article here.
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May 18, 2020
On a lighter note: Take it easy with the Slow Mile Challenge
American runner David Melly has introduced the Slow Mile Challenge—a virtual challenge where the slowest runner wins. Read more on Canadian Running.
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May 18, 2020
What the future of fast marathons looks like
Physiologists from around the world share their pet theories and crazy ideas on what it will take to break records. Read more on Outside.
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May 18, 2020
Thinking of buying a bike? Get ready for a very long wait.
The United States is facing a shortage of bicycles as anxiety over public transportation and desire to exercise has sent the demand surging. Read more in New York Times.
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May 18, 2020
Cycling sales surge in first quarter
Cycling sales increased 31 percent to $1.3 billion in the first quarter of the year, according to NPD. Find out what types of bikes made the biggest jump in sales on SGBMedia.
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May 14, 2020
Under Armour delays athlete payments as Q1 revenue takes Covid-19 hit
US sportswear manufacturer Under Armour is renegotiating contracts with some of its athlete endorsers in an attempt to offset some of the financial impact of the coronavirus pandemic. Read more about how the sportswear brand is handling sponsorships on SportsPro.
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May 14, 2020
‘I’m not going to lie to you now’: New Lance Armstrong documentary to air
A new Lance Armstrong documentary is set to air this month, featuring “unprecedented access” to the Texan that tells the story of his career, cancer recovery, and fall from grace after his doping was revealed. The two-part, four-hour documentary is part of ESPN’s 30 for 30 series, with part one to...
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May 13, 2020
By the numbers: treadmill world record breakdowns
Treadmill record-breakers don't get enough credit for their feats, so here's a breakdown of some of the most impressive records out there. Read more on Canadian Running.
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May 13, 2020
Tracksmith wants to redefine running sponsorships
The company is upending the traditional athlete contract model, by hiring Mary Cain and Nick Willis as full-time employees. Read more on Outside.
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May 13, 2020
Spartan hosting major race June 13-14 in Jacksonville, Florida
With 4,000 people expected for the event, read what steps they have put in place to try and keep participants safe on Obstacle Racing Media.
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May 13, 2020
70% of US Olympic sports applied for PPP funds
The Associated Press surveyed 44 of the country’s national governing bodies (NGBs) and all but four of the 36 NGBs that responded said they had applied for assistance from the Paycheck Protection Program. Not all the organizations revealed how much they received, but those who did have been approved for...
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May 12, 2020
Sean “Run Bum” Blanton under fire for altering results and for alleged inappropriate behavior
Sean “Run Bum” Blanton is the owner and Race Director of Run Bum Tours. The Run Bum website lists eleven events, including The Georgia Death Race (GDR). On Friday, May 1, Ashley Heclo noticed that her 2016 GDR result was changed to a DNF. She finished the race in a...
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May 11, 2020
Under Armour sales plummet 23% as coronavirus stalls turnaround plans
The company expects revenue could be down as much as 50% to 60% during the second quarter, as demand for its merchandise remains constrained. Read the numbers on CNBC.
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May 11, 2020
Dorel Sports reports fourth consecutive quarter of revenue growth
Dorel Sports has reported its fourth consecutive quarter of revenue growth in the first quarter of 2020 at $188.2 million, an increase of $3.6 million, or 2.0%, compared to a year ago. Sales improvements were at Cycling Sports Group (CSG) and Pacific Cycle (PCG), partially offset by weakness at Caloi. Read...
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May 11, 2020
Colnago sold to UAE group
Chimera Investments LLC, an investment fund based in Abu Dhabi, United Arab Emirates, has acquired a majority of the shares in Colnago, the Italian road bike brand. Ernesto Colnago founded the company in 1954. His bikes have been used to win world championships, Olympic medals, the Tour de France, the Giro...
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May 11, 2020
On a lighter note: This quarantine cans-as-dumbbell device turns your food hoarding into gains
In an effort to curb the cost, hassle, and environmental effect of the the new rush to buy home exercise equipment, one innovator has created a device that makes Campbell’s soup the center of your (very light weight) workout. Read more on Fast Company.
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May 7, 2020
Why everyone hates runners right now
Check out the interesting editorial that puts it in perspective on Outside.
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May 7, 2020
Sporting goods, home fitness, and cycling sales surge in the U.S., reports The NPD Group
As U.S. consumers tackle ways to keep themselves and their families busy, active, and fit during this time of social distancing, sports and home fitness equipment as well as children’s and adult leisure bicycles have seen double- and triple-digit sales increases, according to retail sales data from The NPD Group. Read...
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May 6, 2020
Peloton Q3 earnings show huge revenue and membership spikes
Peloton bested Wall Street's high expectations, delivering a huge quarterly earnings report Wednesday that showed revenues climbing 66%. The company posted total revenues of $524.6 million for the quarter, besting estimates of $488.5 million. Total members grew from 2.0 million in Q2 to 2.6 million in Q3, a 30% quarter-over-quarter increase....
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May 6, 2020
Fitbit swings to profit in Q1 but misses estimates
Revenue dropped by 31% due to weakness in pricing and devices sold. The company sold 2.2 million devices, down 26% year-over-year, due to the introduction of one new product in the latest quarter compared to three new products last year. The average selling price decreased by 11% year-over-year to $81 per...
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May 6, 2020
Running on empty: Coronavirus has changed the course for races big and small
The race organizations staging running events are having to grapple with postponements and cancellations to a point where they may not be able to ever come back at full strength. Check out this interesting article and stats on ESPN.
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May 5, 2020
Are more people running and biking now?
As gyms and fitness studios stay closed, it seems like more people than ever are walking, running, and biking—especially outside in the places that it’s allowed. Triathlete reached out to a few fitness platforms and looked through some of their reports to find out what kind of activity levels we’re actually...
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May 5, 2020
Ironman Virtual Racing success creates value for sponsors
When the IRONMAN Group launched its Virtual Racing series at the beginning of April, the company sought to foster competition and community for the hundreds of thousands of IRONMAN athletes around the globe. In the weeks after the launch, the platform has proven to be not only a place for participants to stay connected...
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May 4, 2020
World Triathlon approves the COVID-19 Prevention Guidelines for Event Organisers
Read a summary on the ITU website and see the full 28 page report here.
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May 4, 2020
International Triathlon Union forecasting loss of at least $1 million in 2020
The International Triathlon Union (ITU) is expecting a loss of up to $1.4 million in 2020 as a result of the coronavirus crisis, but the organisation will not ask for an advance on its Tokyo 2020 payment from the International Olympic Committee (IOC). Read how much money they typically get...
