News Topics
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November 3, 2020
Big Data Reveals New Marathon Training Approaches
Tracking what successful marathoners actually do reveals new optimal training patterns of hard weeks and easy weeks. Read more on Women’s Running.
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November 3, 2020
Nike Is Now Laying Off 700 — Not 500 — Workers at Oregon HQ
The Swoosh, which indicated in a WARN notice in July its plans to lay-off 500 HQ workers, has upped that number to 700 job cuts, and expects to complete the staff reductions by Jan. 8, 2021. Read more on Footwear News.
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November 2, 2020
What does the future of road racing look like during a pandemic?
The coronavirus pandemic has already changed road racing, maybe irrecoverably. It's a sport that brings together tens of thousands of everyday athletes in tandem with elite runners -- on a single course, often for the duration of a day. So while just about every major sport has been able to...
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November 2, 2020
Emerald Holding takes earnings beating on cancelled shows
You know them for your favorite trade shows that didn't happen this year including Outdoor Retailer, SurfExpo and others. The company reported revenues of $8.5 million in the third quarter ending September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent....
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November 2, 2020
Tour de France 2021 route revealed
Next year's course for the world's most watched cycling event has been announced. Scheduled to begin on June 26, 2021, riders will tackle Mont Ventoux twice on stage 11 before finishing down in the town of Malaucène. A summit finish in Tignes will also take place on stage nine, two...
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November 2, 2020
Under Armour is selling MyFitnessPal and exiting stores
While other companies are "all in" on fitness platforms primarily resulting from the growing online workout boom, Under Armour is taking a loss on its MyFitnessPal acquisition it made just five years ago for $475M. The company is selling the diet- and exercise-tracking app to investment firm Francisco Partners for...
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October 29, 2020
Skechers (SKX) Tops Q3 Earnings and Revenue Estimates
Skechers came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago. Skechers posted revenues of $1.30 billion for the quarter ended September 2020. Read more on Zacks.
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October 29, 2020
Harley-Davidson unveils a gorgeous new electric bike called Serial 1
The stunning new electric bike that it says will go on sale in March 2021 - and the motorcycle manufacturer is also spinning out its e-bike division as a separate company, called Serial 1 Cycle. Read more on The Verge.
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October 29, 2020
Wall Street suddenly loves bike companies thanks to cycling boom
In October, Canyon, a high end, direct-to-consumer bike brand, announced that it was in talks with private equity and buyout firms. A sale could bring in $592 million and start a trend. Find out what other companies are making waves here.
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October 29, 2020
Lululemon Wants to Achieve Full Pay Equity for Gender and Race by 2022
The athletic apparel and accessories chain announced today that it has developed a long-term strategy to become a more equitable business through inclusion and diversity, as well as minimize its environmental impact. It set 12 ambitious goals, which involve commitments to invest $75 million into wellbeing programs by 2025, expand...
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