News Topics
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February 24, 2020
Brooks Sports Sees 3.5 Percent Revenue Gain In 2019
Brooks Sports saw sales climb 3.5 percent in 2019 despite the opening of a new distribution center that presented logistical challenges, according to the annual report of the running brand’s parent, Berkshire Hathaway. Read more on SGB Media.
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February 20, 2020
Fitbit earnings show worst holiday sales performance since IPO amid Google acquisition
Fitbit Inc. holiday sales declined more than 12% to the lowest fourth-quarter total for the company since it went public amid an acquisition attempt by Alphabet Inc. according to an earnings report released Thursday afternoon. Fitbit reported fourth-quarter losses of $120.8 million, or 46 cents a share, on sales of $502.1 million,...
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February 20, 2020
Men’s winner of El Paso Marathon disqualified and banned after organizers say he cheated; apology issued
Organizers of the El Paso Marathon said Wednesday they were stripping this year's men's winner of his title and banning him from future races after it was discovered he cheated. Joe Morales was declared the marathon winner this past Sunday, but officials said it's now been determined that another runner was...
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February 19, 2020
Super cushioned running shoes are all the rage, but aren’t foolproof
Anyone who runs or spectates at races has probably noticed that stacked, generously cushioned running shoes have become almost ubiquitous. But running in those thickly cushioned shoes could affect a runner’s form in sometimes surprising ways, according to a series of new studies of maximalist running shoes and recreational athletes....
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February 19, 2020
Garmin’s Q4 beats expectations on strong fitness growth
Garmin Ltd. reported fourth-quarter earnings that beat expectations and provided an upbeat outlook for 2020. All of Garmin’s business segments beat expectations, led by Fitness, up 34 percent; Marine and Aviation, both up 22 percent; and Outdoor, up 16 percent. See the earnings on SGB Media.
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February 18, 2020
Why we run, according to Strava
Strava surveyed over 25,000 runners about why they run. The survey explored common themes and patterns in motivation across a mosaic of people spanning the globe and uncovered five types of runners based on the benefits that a person values and the extent that they run in social settings like groups or races. Read...
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February 17, 2020
Wanda Sports considering $1 billion sale of Ironman triathlon
Wanda Sports Group Co. is considering selling the Ironman triathlon business it bought in 2015, according to people familiar with the matter. The company, part of Chinese billionaire Wang Jianlin’s conglomerate, is working with an adviser and has held discussions with some private-equity buyers that expressed interest in the business according to...
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February 17, 2020
Tokyo Marathon cancelled due to virus fears
The 2020 Tokyo Marathon has cancelled its mass participation race, scheduled for March 1, due to a confirmed case of coronavirus. The event will still run its elite and wheelchair races. The 2020 marathon doubles as the Olympic Trials for Japanese runners (they will still have the opportunity to compete). The field...
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February 17, 2020
Charity founded by disgraced cyclist announces relaunch plan
The cancer charity whose yellow wristbands became a global brand under founder Lance Armstrong is seeking to reinvent itself, years after donations and revenues crashed along with the disgraced cyclist’s career. Armstrong was nowhere to be seen earlier this month during Livestrong’s “relaunch” ceremony in Austin, and gone are the yellow...
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February 17, 2020
Asics’ Q4 sales In North America show modest decline
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion. Read more about the decline on SGB Media.
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