- The Running Event (TRE) Grows Leadership Team 08/09/2019 sgbonline.com - The Running Event, the running industry’s trade show, announced the appointment of corporate marketing and strategic development veteran Anne Gray as event director. Diversified Communications also announced the opening of its 2019...
- NIKE, Inc. Declares $0.22 Quarterly Dividend 08/08/2019 businesswire.com - NIKE, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per share on the company’s outstanding Class A and Class B Common Stock payable on September...
- SoulCycle and Equinox try to distance themselves from Stephen Ross. People call BS. 08/08/2019 mashable.com - Billionaire Stephen Ross, chairman and founder of Related Companies — which owns both Equinox and SoulCycle — has faced major backlash for the fundraiser for President Trump at his Hamptons home on...
- Accell Group sells Diamondback, Redline and IZIP to Regent LP, Mavic’s new owner 08/07/2019 bicycleretailer.com - Accell Group N.V. has agreed to sell its U.S. business, including the worldwide registrations for Diamondback, Redline and IZIP, to Regent LP, the California investment firm that bought Mavic earlier this year....
- Equinox Group To Launch New Digital Venture 08/07/2019 sgbonline.com - Equinox Group announced the development of a multi-brand digital platform offering premium fitness content from leading brands, including Equinox, SoulCycle, Precision Run and more, with personalized programming from top instructors. The digital...
- The All Female Obstacle Innovation Lab Behind Tough Mudder’s New Obstacles 08/07/2019 mudrunguide.com - Tough Mudder is known for their challenging, yet fun obstacles with cheeky names. Each year they roll out new obstacles. This year, many of the new obstacles and updated obstacles came out...
- Harley-Davidson® Named “Official Motorcycle” of Spartan US 08/07/2019 mudrunguide.com - Spartan US and Harley-Davidson have announced a partnership that sees the motorcycle company as the Official Motorcycle of Spartan US. The partnership will also see selected Harley-Davidson dealerships hosting an exclusive Spartan...
- BikeSource Littleton, Colorado, location severely damaged after smash-and-grab 08/06/2019 bicycleretailer.com - BikeSource's location was damaged in the early morning hours of July 30 during a smash-and-grab incident. Three thieves used a stolen van to back into the entrance, and grab three bikes collectively...
- NIKE, Inc. Acquires Data Science and Demand Sensing Expert Celect 08/06/2019 businesswire.com - NIKE, Inc. announced it has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect’s cloud-based analytics platform provides proprietary insights that allow retailers to optimize inventory...
- Online fitness apparel retailer Hylete files for an $18 million IPO 08/06/2019 nasdaq.com - Hylete, an online retailer that provides fitness apparel and gear, filed on Tuesday with the SEC to raise up to $18 million in an initial public offering. The Solana Beach, CA-based company...
- The 14th Annual Running Event Returns to Austin, Grows Leadership Team 08/06/2019 snewsnet.com - The Running Event (TRE), the premier trade show in the running specialty industry, announced the opening of its 2019 event registration for the annual expo held in Austin, Texas. This year’s event...
- The Truth About Triathlon Participation in the United States 08/06/2019 triathlete.com - Triathlon, in general, is perceived to be “too hard and too expensive.” But the sport is now trying to change that perception, hoping to attract more diverse and younger athletes.
- Quality agrees to buy Barnett Bicycle Institute from dealer association 08/05/2019 bicycleretailer.com - Quality Bicycle Products has agreed to acquire Barnett Bicycle Institute (BBI) from the National Bicycle Dealers Association for an undisclosed amount. QBP said it planned to update the BBI facility in Colorado...
- Belgian rider Lambrecht dies after Tour of Poland crash 08/05/2019 velonews.com - Belgian rider Bjorg Lambrecht died on Monday following a crash during the third stage of the Tour of Poland. According to Polish media, Lambrecht lost control on a rainy and wet section...
- Skechers and Adidas Settle Their Legal Battle Over Stripes on Shoes 08/05/2019 footwearnews.com - Skechers has moved to dismiss a preemptive lawsuit it filed against Adidas — alleging that the athletic giant had fraudulently accused it of patent infringement. Skechers claimed that it had received two...
- A Look at How Wetsuit Technology Has Rapidly Evolved 08/05/2019 triathlete.com - Perhaps no other piece of tri equipment has evolved at a more ponderous pace than the simple wetsuit. Flotation, buoyancy, paneling - the science behind how a wetsuit floats is rapidly changing....
- The triathlon to end all triathlons, Ultra520K Canada, is underway 08/03/2019 kelownanow.com - A couple dozen athletes from across North America and around the world gently waded into the choppy waters of Skaha Lake to swim 10 kilometers from Skaha Lake Beach to Sovereign Boat...
- The fight to save professional cycling from itself 08/03/2019 sfgate - The economics of international cycling are brutal. In recent years, teams have been folding at an alarming rate, leaving riders and staff scrambling to find jobs. Its financial model has created a...
- Dorel Sports’ Q2 Revenues Expand 7.4 Percent 08/02/2019 sgbonline.com - Dorel Sports, which includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, posted an operating profit against a loss in the second quarter as sales grew 7.4%.Sales reached $241.0 million against $224.5 million...
- Conservancy organizations rise up against e-bikes 08/02/2019 snewsnet.com - On July 26, more than 50 trail conservancy orgs sent a letter to top officials at the U.S. Forest Service, National Park Service and Bureau of Land Management asking that they restrict...
- Asics North America Sees Second Straight Quarter Of Growth 08/02/2019 sgbonline.com - Asics North America sales inched up 0.8% but it was enough to mark its second straight quarter of growth. In the quarter ended June 30, sales reached ¥19.12 billion against ¥18.98 billion...
- Some Running Sneakers Could Cost $38 More With Trump Tariffs 08/02/2019 footwearnews.com - After President Donald Trump said the US will slap additional duties on consumer goods from China, the Footwear Distributors and Retailers of America calculated how much consumers will be hit. Running shoes...
- Trump Says U.S. Will Impose 10 Percent Tariffs On Another $300 Billion Of Chinese Goods 08/01/2019 sgbonline.com - Industry and retail trade organizations reacted quickly to criticize President Trump’s plans for a new 10% tariff on $300 billion of Chinese imports, taking effect on Sept. 1, 2019. These tariffs will...
- Warrior Dash Is Out of Business, But Spartan May Honor Racers’ Tickets 08/01/2019 muscleandfitness.com - Spartan Race may allow Warrior Dash participants to race for free after the latter’s parent company ceased all operations and canceled all future events. The news comes as Spartan CEO and founder...
- Lyft e-bikes out of service again after 2 bikes catch fire 08/01/2019 bicycleretailer.com - Lyft's share-bike division in the San Francisco Bay Area has removed its e-bikes from service after two caught fire within the past week. Out of caution, Lyft is temporarily making the e-bike...
- Nike Revamps Marketing Team 08/01/2019 footwearnews.com - Adrienne Lofton, who comes from Under Armour, is joining The Swoosh on Aug. 5 as VP of marketing for North America. Nicole Hubbard Graham will be VP of Global Category and Nike...
- GoPro Misses On Q2 Earnings & Revenue 08/01/2019 sgbonline.com - GoPro Inc. reported revenue for the second quarter of $292 million, up 3% from the year-ago quarter and ahead of analysts’ estimates by $9.9 million. That revenue total was also up 9%...
- Fitbit Lowers Revenue Guidance For Year 07/31/2019 sgbonline.com - Fitbit Inc. reduced its loss in the second quarter as sales improved 4.8% but reduced its overall revenue guidance for the year due to soft Versa Lite sales. In the quarter ended...
- Garmin Reports Record Q2 Revenue And Profits; Raises Guidance 07/31/2019 sgbonline.com - Garmin Ltd. lifted its earnings and sales guidance after reporting second-quarter earnings that easily topped Wall Street’s targets. Record second-quarter revenue of $955 million, a 7% increase, increasing 12% over the prior-year...
- There’s New Data on Training with Supplemental Oxygen 07/31/2019 outsideonline.com - Breathing oxygen-rich air during endurance exercise enhances performance. However, a runner can’t carry an oxygen tank in competition. Because of this, athletes and scientists are searching for other ways to harness the...
- Runner Struck by Lightning and Killed While Running Marathon 07/31/2019 newsweek.com - A runner was struck by lightning and killed while competing in a marathon in Italy last weekend. Severe thunderstorms had already forced organizers of the 75-mile Südtirol Ultra Skyrace to stop the...
- Warrior Dash Updates: Spartan Partnership 07/31/2019 mudrunguide.com - Warrior Dash confirmed via social media this afternoon that Red Frog Events, their parent company, would be exiting the OCR business after 10 years of organizing races. Red Frog plans to stay...
- Allyson Felix Signs Athleta Sponsorship After Nike Dispute for Maternity Policy Change 07/31/2019 amp.si.com - Six-time Olympic gold medalist Allyson Felix has signed a multi-year apparel sponsorship contract with Athleta just two months after speaking out against Nike's treatment of female athletes who took breaks in their...
- Warrior Dash Cancels All Races – Going Out Of Business 07/30/2019 obstacleracingmedia.com - Warrior Dash has canceled all upcoming races and ceased operations as of today. Their parent company, Red Frog, appears to be closing their doors. According to multiple sources, Red Frog has been...
- Under Armour‘s North America Struggles Continue 07/30/2019 sgbonline.com - In the quarter ended June 30, sales improved 1.4 percent to $1.191 billion, in line with Wall Street’s consensus expectation of $1.197 billion. In the North America region, revenues decreased 3.2 percent...
- Lance Armstrong’s Podcast Is Making Cycling Fans Forget About the Doping 07/30/2019 bloomberg.com - His podcast, The Move, was near the top of Apple’s podcast charts during the Tour de France in July, and In each of the past two years, The Move generated somewhere around...
- Woman, 44, Dies in Ohio IRONMAN Triathlon After Being Struck by a Truck While Cycling 07/30/2019 people.com - Kristen J. Oswald was riding her bike in the right northbound lane of U.S. 23 when she traveled outside the safety zone and was hit.
- Shimano sales up 4.1% in the first half, but operating income declines 07/29/2019 bicycleretailer.com - Shimano's net sales in its bicycle components division were up 4.1% in the first half of its fiscal year, which ended June 30. Operating income in the division decreased 3%. Bike division...
Industry News
Industry News Archive for dates of Saturday, July 27, 2019 thru Friday, August 9, 2019
