News Topics
-
March 12, 2020
Cannondale stands out In Dorel’s Q4 earnings
Dorel Industries Inc. - whose bike brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse - this week reported revenue for the fourth quarter of $653.4 million, down 4.4 percent from $683.5 million a year ago. The company posted a net loss of $0.6 million or $0.02 per diluted share compared...
-
March 11, 2020
Endurance events cancelled or postponed in the U.S. due to the coronavirus
At the recommendation of the County Health Officer, this weekend's the Spartan Race in San Luis Obispo set to take place this weekend will be postponed to a later date. The NYC Half Marathon, which brings 25,000 runners to the streets of Brooklyn and Manhattan, and was scheduled for this Sunday, has been...
-
March 10, 2020
Serial plaintiff sues Louis Garneau USA over website ADA compliance
An Astoria, N.Y. man who is legally blind is the lead plaintiff in a class action lawsuit filed against Louis Garneau USA. The suit alleges the company's website is not compliant with the Americans With Disabilities Act. The man, Brian Fischler, is the lead plaintiff on dozens of similar lawsuits filed...
-
March 10, 2020
Wanda Sports Group reports that Coronavirus could have “adverse impact” on business
In a filing sent to the Securities Exchange Commission (SEC) last Friday, WSG, the company that owns IRONMAN, warns that the Coronavirus could adversely affect its Mass Participation, Spectator Sports and DPSS segments, and that adverse effect could be material. Read more Triathlon Magazine.
-
March 9, 2020
Rossignol considers restructuring, closing or selling its Time Sport frame business
France's Rossignol Group — which besides its ski business owns Rossignol Bike, Time Sport and Felt Bicycle — says it is considering making big changes to the Time frame business and its frame factory in Gajary, Slovakia. The company says frame sales have declined by almost half in the last...
-
March 9, 2020
London Marathon cancellation fears grow due to coronavirus
Four major marathons or half-marathons have been called off in Europe over the past three days. The Barcelona Marathon became the latest road race to be postponed or scrapped as a result of the outbreak that has thrown sport worldwide into chaos. The event, scheduled for next Sunday, was put back...
-
March 5, 2020
Coronavirus spurs date change to Sea Otter cycling fest
Much to the dismay of cyclists and bike fanatics across the U.S., Sea Otter Classic has postponed its April event. Held in Monterey County, CA, the event hosts over 1000 exhibitors, 9,600 athletes and 72,500 fans. Read more on Gear Junkie.
-
March 5, 2020
The Brooks Sports against Brooks Brothers battle continues
Brooks Brothers Group Inc. is fighting back against Brooks Sports Inc. over the right to the “Brooks” moniker. In a filing in U.S. District Court in the Western District of Washington, Brooks Brothers Group denied Brooks Sports’ claims of trademark infringement — accusing the sporting goods brand of violating a 40-year-old trademark coexistence agreement....
-
March 5, 2020
Hyperice acquires NormaTec
Performance technology company Hyperice announced Thursday it has acquired NormaTec, the creator of the popular pneumatic compression systems. Terms of the deal were not immediately made available, but Hyperice CEO Jim Huether told CNBC with the acquisition, he expects the company’s gross revenue to “more than double within 18 months.”...
-
March 5, 2020
Pro cycling teams left scrambling as races cancelled due to coronavirus pandemic
Pro cycling teams across the globe are scrambling to deal with a growing coronavirus crisis, one that is already putting the pinch on the international racing calendar. The UAE Tour was stopped in its tracks, and three teams remain in quarantine. On Thursday, RCS Sport canceled Strade Bianche, the first major European race to be affected...
Follow us on
