News Topics
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March 26, 2020
Lululemon’s Q4 earnings top estimates on online sales surge
Lululemon Athletica Inc. reported net earnings rose 36.4 percent and slightly exceeded Wall Street’s targets. Same-store sales soared 20 percent, lifted by a 41 percent hike in online sales. Net revenue was $1.4 billion, an increase of 20 percent compared to the fourth quarter of fiscal 2018. Wall Street’s consensus estimate...
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March 25, 2020
On a lighter note: Mum sets up epic obstacle course for her kids in quarantine.
One mum has come up with a genius idea, sharing on her Facebook page just exactly how she plans to keep her toddler busy, with an elaborate obstacle course. Read more on Kidspot.
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March 25, 2020
Tokyo 2020 sponsors will retain rights in 2021, says Bach
A number of the IOC’s TOP sponsorship contracts are set to expire at the end of 2020, including those with General Electric, Procter & Gamble and Dow, and their status had been thrown into doubt by the decision to delay the Games amid the ongoing coronavirus pandemic. However, Thomas Bach, president...
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March 25, 2020
Why Dick’s Sporting Goods is suspending CEO and president salaries amid the coronavirus pandemic
Top executives at Dick’s Sporting Goods will not take home pay for a temporary period as the retailer braces itself for the coronavirus’s impact on its business. What’s more, Dick’s announced reductions in the base salaries of all members of its senior management team. Other salaried employees will also take cuts...
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March 25, 2020
Six things race directors wish runners understood about canceled events
Runner’s World asked race directors of four marathons—Big Sur, Eugene, Flying Pig, and Napa Valley—what they wish athletes knew about how these races operate, so when cancellations happen, runners remain calm. Read what they said here.
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March 24, 2020
NIKE, Inc. reports fiscal 2020 third quarter results
Revenues increased to $10.1 billion in the third quarter, up 5 percent on a reported basis and up 7 percent on a currency-neutral basis. Digital sales in Greater China increased more than 30 percent while brick and mortar retail sales were impacted by temporary store closures related to COVID-19. Read more...
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March 24, 2020
2020 U.S. Olympic Track and Field Trials Rescheduled After Olympic Postponement
The 2020 U.S. Olympic track and field trials in Eugene, Ore. will be rescheduled in the aftermath of the 2020 Tokyo Olympics being postponed to 2021, organizers from Track Town USA announced Tuesday afternoon. The trials were scheduled for June 19 to 28 on the University of Oregon's campus. Read more...
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March 24, 2020
Strava releases Routes for runners and riders
With over 3 billion activities uploaded from all over the world, Strava ‘knows where athletes actually run and ride.’ The new Routes tool uses that knowledge to provide route recommendations personalized to athletes’ preferences for location, distance, surface type (pavement or dirt) and hilly or flat terrain. Read more on...
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March 24, 2020
On a lighter note: Man runs full marathon on apartment balcony
Elisha Nochomovitz lives in Toulouse, France, where he, along with millions of his fellow French citizens, are under strict shelter in place orders from the government. He’d been training to run a marathon before the pandemic descended and was at a loss about how to remain as active as possible. So he...
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March 24, 2020
Tokyo 2020 Olympics officially postponed until 2021
Never before had the Olympic Games been postponed or canceled for something other than war, but on Tuesday, Japan Prime Minister Shinzo Abe and International Olympic Committee president Thomas Bach agreed to postpone the Tokyo 2020 Olympics by about one year. Read more on ESPN.
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