Industry News

Industry News Archive for dates of Friday, October 19, 2018 thru Thursday, November 1, 2018
  • Loechner resigns as president and CEO of Emerald Expositions 11/01/2018  bicycleretailer.com - David Loechner has resigned from Emerald Expositions Events, where he has been president and CEO since 2013. He also resigned as a member of the board effective Nov. 8. In the meantime,...
  • Emerald Expositions Grows Revenue & Income In Q3 11/01/2018  sgbonline.com - Emerald Expositions Events Inc., which owns and operates the Outdoor Retailer shows, reported financial results for the third quarter ended Sept. 30, 2018. Revenues increased 2.7 percent to $103.1 million, while net...
  • The 50 Best Places to Work in 2018 11/01/2018  outsideonline.com - What does it take to land on Outsideonline's annual list of the country's best employers? Perks like on-tap kombucha, free gym memberships and company-sponsored ski trips certainly help, but the commitment to...
  • Vista Outdoor reports ’solid quarter,’ no rush to sell Bell, Giro and Blackburn 11/01/2018  bicycleretailer.com - Vista Outdoor announced that its fiscal second-quarter sales were solid at $547 million, with flat sales in its action sports division. Quarterly sales were down seven percent from the prior-year quarter, but...
  • Nike Updates Its ‘Fastest Shoe In the World’ With a New 3D-Printed Upper 10/31/2018  footwearnews.com - In its latest advancement in technology, Nike has worked with Kenyan long-distance runner Eliud Kipchoge to improve its self-proclaimed “world’s fastest shoe” in the hopes of making it even faster. The result:...
  • Fox Factory Q3 Revenues Soar 38 Percent 10/31/2018  sgbonline.com - Fox Factory Holding Corp. reported earnings rose 50.9 percent in the third quarter as sales vaulted 38.0 percent. Sales increased 38.0 percent to $175.8 million compared to $127.4 million in the same...
  • Nine years out, Los Angeles 2028 Olympic organizers to begin selling sponsorships 10/31/2018  bizjournals.com - In two months, Los Angeles 2028 will launch the largest single sponsorship sales effort in American sports history. Its target: $2.5 billion in domestic deals. Tokyo 2020 organizers already have eclipsed $3...
  • Fitbit Beats On Q3 Earnings & Revenue 10/31/2018  sgbonline.com - Global wearables brand Fitbit Inc. on Wednesday reported revenue for the third quarter ended September 29 of $394 million topping Wall Street estimates by $12.3 million. Fitbit sold 3.5 million wearable devices...
  • Fox Factory plans to move headquarters from California to Georgia 10/31/2018  bicycleretailer.com - Fox Factory plans to relocate its corporate headquarters from California to it existing offices in Georgia by the end of this year, as well as to relocate its aftermarket bike products...
  • Garmin (GRMN) Surpasses Earnings & Revenue Estimates in Q3 10/31/2018  nasdaq.com - Garmin's third-quarter revenues of $810 million beat the Zacks Consensus Estimate of $776 million, decreasing 9.4% sequentially but increasing 7.8% from the prior-year quarter. The year-over-year increase was backed by higher demand...
  • L.A. Marathon Staff Will Run 44-Mile Relay After Losing World Series Bet With Boston Marathon 10/30/2018  runnersworld.com - Before Game 3 of the World Series, the L.A. Marathon and Boston Marathon decided to step up to the plate for a friendly wager: Whichever city loses, that marathon’s staff has to...
  • Challenged Athletes Foundation raises US$3.2m during 25th anniversary celebration 10/30/2018  endurancebusiness.com - In celebration of its 25th anniversary, Challenged Athletes Foundation (CAF) has announced that US$3.2 million was raised from October 13-21 from three signature fundraising events: The Million Dollar Challenge Bike Ride, Aspen...
  • Vitamin D levels in the blood linked to cardiorespiratory fitness 10/30/2018  sciencedaily.com - According to a study published in the European Journal of Preventive Cardiology, a publication of the European Society of Cardiology, higher levels of vitamin D are associated with better exercise capacity. Previous...
  • Brooks Considering Exiting China For Vietnam 10/30/2018  sgbonline.com - Brooks Running is considering shifting the company’s manufacturing operations from China to Vietnam to avoid trade war tariffs, according to Brooks’ CEO Jim Weber. The company is preparing for a 25 percent...
  • New Balance to Appoint Joe Preston CEO 10/30/2018  sgbonline.com - New Balance Athletics Inc. announced that president and chief executive officer Rob DeMartini will step down effective December 31, 2018 and New Balance veteran Joe Preston will assume the role. DeMartini joined...
  • The Running Event Opens Doors to North American Race Directors 10/29/2018  insideoutdoor.com - Running industry professionals convene in Austin Nov. 27-30 for North America’s largest specialty running conference and expo, with many attendees being race directors. The13th annual The Running Event will feature seminars, networking...
  • IRONMAN triathlon canceled 10/29/2018  mvariety.com - Marianas Visitors Authority Managing Director Chris Concepcion said Ironman 70.3 Saipan, which was set for Saturday, Oct. 27, had been canceled. Based on the significant impact and damage caused by Typhoon Yutu,...
  • Chuck Hodge promoted to USA Cycling Chief of Racing and Events 10/29/2018  endurancebusiness.com - USA Cycling has announced the promotion of Chuck Hodge to Chief of Racing and Events. He will lead the USA Cycling National Championships, elite racing calendars, event sanctioning, race director support, local...
  • Swimming portion of Ironman triathlon canceled due to flooding 10/27/2018  kxxv.com - The IRONMAN 70.3 triathlon in Waco is expected to draw 13,000 people to the city, giving a boost to the economy in the area. However, the triathlon canceled the swimming portion of...
  • Chuck Hodge promoted to USA Cycling chief of racing and events 10/25/2018  bicycleretailer.com - USA Cycling has promoted Chuck Hodge to chief of racing and events, leading USAC’s support of cycling events, elite racing calendars, event sanctioning, race director support, local association services and officiating for...
  • 2019 Tour route unveiled: ‘The highest in history’ 10/25/2018  velonews.com - Tour de France organizers threw down the gauntlet to the climbing specialists when they unveiled the “the highest Tour in history” that features a record 30 categorized climbs and five summit...
  • Pittsburgh Public Schools board opposes Chick-fil-A as Pittsburgh marathon sponsor 10/25/2018  triblive.com - The Pittsburgh Public Schools board of directors voted unanimously to approve a resolution opposing Chick-fil-A as the new corporate sponsor for the Pittsburgh Kids Marathon and Kids of Steel program.
  • Hayes Performance Systems buys Reynolds Cycling 10/24/2018  bicycleretailer.com - Hayes Performance Systems has bought Reynolds Cycling and said it will aggressively offer dealers three levels of carbon wheels with average aftermarket margins of 40 percent. Scott Montgomery, who managed the sale...
  • What You Can Learn From Marathon Managers 10/24/2018  forbes.com - While the link between self-discipline and success has long been recognized, what is less clear, however, is how highly driven individuals establish a link between their ‘non-work self-disciplines’ – i.e. the routines...
  • Is Chip-Embedded Triathlon Gear the Future? 10/24/2018  triathlete.com - What if how you used some of your triathlon gear—specifically your wetsuit, your bike, or your running shoes—influenced how a brand made upgrades and new product lines? It could happen sooner than...
  • CIA Charges 7 Russian Operatives for Anti-Doping Cyber Attacks 10/24/2018  swimswam.com - A federal grand jury in Pennsylvania indicted seven Russian military intelligence officers on charges of hacking American and international anti-doping agencies and sports federations, thereby accessing data and medical records of 250...
  • Petzl Teams Up with Strava for Night Running Challenge this November 10/24/2018  snewsnet.com - Petzl, the leader in verticality and lighting equipment, has teamed up with Strava to launch the Petzl Night Running Challenge that encourages everyone to run 26 miles between Nov. 6 and 26...
  • Bruyneel receives lifetime ban 10/24/2018  velonews.com - Former U.S. Postal team manager Johan Bruyneel has been given a lifetime ban from cycling by the Court of Arbitration for Sport (CAS) for his involvement in the doping conspiracy tied to...
  • Shimano’s Q3 Profits Sink On Cycling Weakness 10/24/2018  sgbonline.com - Shimano Group reported operating income fell 15.4 percent in the third quarter ended Sept. 30 due to lower revenues and earnings in the company’s cycling division. Revenues in the quarter dropped 4.5...
  • Bouchard-Hall leaves USA Cycling to head Assos 10/23/2018  cyclingnews.com - After announcing his upcoming departure from USA Cycling, Derek Bouchard-Hall will take on a new role as the CEO of Swiss-cycling brand Assos, effective January 1, 2019.
  • Brooks Running Co. YTD Sales Jump 29 Percent 10/23/2018  sgbonline.com - Brooks Running Co., which is owned by Berkshire Hathaway, on Tuesday announced record global growth as the company closed out the third quarter. Year to date, the brand reported a 29-percent increase...
  • Clean Bottle seeking acquirer 10/23/2018  endurancebusiness.com - Clean Designs, the parent company of Clean Bottle, is marketing the business for sale. David Mayer founded the business in 2010, creating the patented Clean Bottle design which helps to solve the...
  • Nike Partners With Google’s Shopping Actions Platform 10/22/2018  sgbonline.com - Nike joined Best Buy and Sephora in becoming the latest retailers to leverage Google Shopping Actions program. Shopping Actions, launched in March, enables retailers to list their products in sponsored listings, in...
  • New Balance Just Became the Face of Women’s Sprinting in the U.S. 10/22/2018  running.competitor.com - The Boston-based athletic shoe and apparel company New Balance signed two collegiate record holders, Sydney McLaughlin and Gabby Thomas, to multi-year contracts. They will help promote New Balance in the USATF...
  • Not exercising worse for your health than smoking, diabetes and heart disease, study reveals 10/20/2018  cnn.com - A new study found that fitness leads to longer life, as researchers found, with no limit to the benefit of aerobic exercise. Comparing those with a sedentary lifestyle to the top exercise...
  • Bouchard-Hall stepping down as USA Cycling CEO 10/19/2018  velonews.com - Cycling’s American governing body revealed that current President and CEO Derek Bouchard-Hall plans to step down from his post at the end of 2018 to oversee a separate company. Bouchard-Hall and Bob...
  • Is the Tour de France in trouble? 10/19/2018  velonews.com - Reckless fans, disappointing TV ratings, and controversy marred the 2018 Tour de France. We go inside the challenges facing cycling's biggest race.
  • Rad Power Bikes moving to new location in Seattle 10/19/2018  bicycleretailer.com - Consumer-direct e-bike brand Rad Power Bikes is moving to a new location in Seattle - 26,000 square feet of space in the new Woodland Business Center in Seattle's Ballard neighborhood starting Jan....

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