- NIKE, Inc. Reports Fiscal 2019 Third Quarter Results 03/21/2019 businesswire.com - NIKE, Inc. reported financial results for its fiscal 2019 third quarter ending February 28, 2019. Revenues for the NIKE Brand were $9.1 billion, up 12% on a currency-neutral basis. Revenues for Converse...
- Skechers Returns As Sponsor Of LA Marathon 03/21/2019 sgbonline.com - Skechers Performance is returning as the title sponsor for the 2019 Skechers Performance Los Angeles Marathon on Sunday, March 24. Skechers will offer exclusive race-branded merchandise to runners as well as fans....
- Three arrested in SoCal bike shop robbery, injury of store manager 03/20/2019 bicycleretailer.com - Police have arrested three suspects in a bike shop robbery during which a store manager was critically injured. A 2011 GMC Sierra was allegedly used to run over Incycle Bicycles store manager...
- Developers Say This New Helmet Technology Is 48 Times Better at Preventing Concussions 03/20/2019 triathlete.com - A team of doctors develops a new material called WaveCel, which looks like Koroyd, the honeycomb plastic in Smith helmets, but functions in a different way. Velonews.com’s Dan Cavallari looks at the...
- Application window opens Wednesday for America’s Best Bike Shops Award 03/19/2019 bicycleretailer.com - On Wednesday, the National Bicycle Dealers Association will open the application period for the 2019 America's Best Bike Shops program. Now in its seventh year, ABBS is a peer-evaluated award program that...
- What Team Sky’s Acquisition Means for Pro Cycling 03/19/2019 outsideonline.com - A team merger, a buyout by former rival Oleg Tinkov and a Colombian title sponsor for new star Egan Bernal— these are some of benefits from Ineos’ buyout of Team Sky. But...
- Team Sky to become Team Ineos from May 1 03/19/2019 cyclingnews.com - Team Sky will become Team Ineos from May 1 after Sky and 21st Century Fox confirmed the sale of the team to the British-owned petrochemical company. Dave Brailsford’s team had been searching...
- Under Armour Names Chief Design Officer 03/18/2019 sgbonline.com - Under Armour has named Kasey Jarvis as its new chief design officer. Jarvis joins Under Armour from Black Diamond Equipment where he served as VP of product and design. Prior to that,...
- British billionaire Sir Jim Ratcliffe to sponsor Team Sky with bigger budget, according to sources 03/18/2019 cyclingweekly.com - British billionaire Sir Jim Ratcliffe will sponsor Team Sky for 2020 and beyond with a bigger budget than before, a source close to the team has said. Team Sky currently runs on...
- UCI backtracks on fines after riders threaten to protest 03/18/2019 cyclingnews.com - The UCI has backtracked on applying stiff fines and ranking point penalties if riders arrive late at race sign-on after the peloton threatened to go on strike before the final stage of...
- Tire makers react to Enve warning 03/18/2019 bicycleretailer.com - Two road tire makers have responded to a safety warning that Enve issued last week about the use of some clinchers on its carbon wheels. Enve told dealers and registered purchasers of...
- Penn Cycle, after 61 years in business, sells operations to Freewheel Bike 03/18/2019 startribune.com - Owner Pat Sorensen, a son of the founder, had been in the midst of a legal battle with some of his siblings over the lease agreement in buildings where the bike shops...
- Amer Sports confirms plans to sell Mavic 03/15/2019 endurancebusiness.com - Amer Sports has entered in an exclusivity period with Regent, a US based private equity firm, for the sale of the shares and related cycling business of Mavic. Also included in Amer...
- XTERRA Costa Rica cancelled 03/14/2019 endurancebusiness.com - The 2019 XTERRA Costa Rica off-road triathlon, scheduled for May 26, 2019, has been cancelled. XTERRA Costa Rica organizer, Enrique Wong explains that despite persistent efforts made by their team, they were...
- Brooks Promotes Dan Sheridan To EVP, COO 03/14/2019 sgbonline.com - Brooks Running Company has promoted Dan Sheridan to a newly configured role of EVP and chief operating officer. Prior to his new role, Sheridan led global sales, e-commerce, business development and customer...
- Dorel Sports’ Q4 Sales Slip 03/14/2019 sgbonline.com - Dorel Industries Inc. reported fourth quarter revenue in its Dorel Sports segment declined 1.7% to $232.7 million from $236.8 million last year, but grew by approximately 2.6% after excluding the negative impact...
- Why Pro Runners Are Upset Over the New Olympic Standards 03/14/2019 runnersworld.com - The International Association of Athletics Federations (IAAF), track and field’s world governing body, announced a wave of big changes, including a two-tiered qualification system for the 2020 Tokyo Olympics that will see...
- Family of Olympic Cyclist, 23, Who Died by Suicide Donates Her Brain for Concussion Research 03/13/2019 people.com - The family of Olympic cyclist Kelly Catlin has donated her brain for research after the athlete died by suicide in a death the family has attributed to over-training and a concussion, to...
- Gwen Jorgensen and Eric Lagerstrom sign with Rudy Project 03/13/2019 endurancebusiness.com - Italian accessories specialist Rudy Project has added two elite athletes to its roster for 2019. Gwen Jorgensen and Eric Lagerstrom join current IRONMAN American Record Holder Heather Jackson, four-time Olympian Andy Newel,...
- Garmin® unveils the MARQ series: a collection of lifestyle inspired smart tool watches, crafted to champion the life you live 03/13/2019 businesswire.com - Garmin International, Inc. announced the MARQ™ series— a collection of tool watches, forged from Garmin’s long-standing heritage in the aviation, automotive, marine, outdoor and sport markets. Each watch is built with...
- Battleship NC Half Marathon Changes Hands 03/12/2019 wilmingtonbiz.com - The Battleship NC Half Marathon will now be organized by Without Limits and It's Go Time, who purchased the race from 5 Star Race Productions. The half-marathon, which has been running in...
- How Asics Plans to Dominate the Running Market — Again 03/12/2019 footwearnews.com - To regain its footing in the marketplace, Asics last month named industry veteran Kevin McHale as its national director of run specialty sales and hired tech reps to service key retail partners....
- Planet Fitness Sponsors New CBS Primetime Show “MILLION DOLLAR MILE” Debuting This Spring 03/12/2019 prnewswire.com - Planet Fitness, Inc. announced its sponsorship of the new physical competition series MILLION DOLLAR MILE as The Official Workout Partner, premiering March 27 at 9:00 p.m. EST on CBS. MILLION DOLLAR MILE...
- Why North Carolina May Force All Cyclists to Pay Bike Registration Fee 03/12/2019 adventure-journal.com - A N. Carolina state legislator has introduced a bill that would require every bike owner 16 years of age or older in the state to fork over $10 annually for bicycle registration...
- Breadwinner Cycles has purchased Sugar Wheel Works 03/12/2019 bicycleretailer.com - Custom wheel building company Sugar Wheel Works is joining forces with custom bike builders Breadwinner Cycles. The companies are based blocks from each other in Portland.
- Investor buys Fly Pedals, seeks other brands to acquire 03/11/2019 bicycleretailer.com - Denver-based Fly Pedals, which makes a platform conversion for clipless pedals, has been purchased by an investor who is looking to acquire other cycling accessory brands.
- Outdoor Retailer adds bikes to November show 03/11/2019 snewsnet.com - Cycling brands and suppliers will join outdoor exhibitors and retailers at the November Outdoor Retailer show, following the cancellation of Interbike 2019. The Nov. show is ahead of winter outdoor buying season....
- Pinkbike acquires CyclingTips from BikeExchange 03/08/2019 bicycleretailer.com - Canada-based mountain bike website Pinkbike has acquired the road cycling website CyclingTips.com from BikeExchange. PinkBike said CyclingTips' current staff, including founder and general manager Wade Wallace, will remain a part of the...
- Nike Slips Behind Adidas in Corporate Reputation Rankings 03/08/2019 footwearnews.com - Nike may be the most valuable fashion brand in the world, but its corporate reputation has taken a hit in the past year, according to a new report. The Axios Harris Poll,...
- Hammerhead Secures $4 Million Investment For “Garmin Killer” Bicycle Computer 03/08/2019 forbes.com - Hammerhead, maker of the Karoo cycling computer, has secured $4.1 million private equity funding. The company is soon to launch a Karoo OS app store and is hoping third-party developers will create...
- Lightspeed Announces Pricing of Initial Public Offering 03/08/2019 bicycleretailer.com - Lightspeed POS Inc. announced the pricing of its initial public offering of 15,000,000 subordinate voting shares at a price of C$ 16 per share for total gross proceeds of C$ 240 million....
Industry News
Industry News Archive for dates of Friday, March 8, 2019 thru Thursday, March 21, 2019
