News Topics
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February 5, 2020
Peloton Raises Guidance After Cruising To Q2 Beat
In just its second quarterly earnings report since going public, Peloton Interactive Inc. notched impressive earnings and revenue beat as the company grew its number of connected fitness subscribers 96 percent to 712,005 and its total members to more than 2 million. Read what the earnings look like on SGBMedia.
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February 4, 2020
Peloton and Flywheel Sports settle litigation cases
Indoor cycling business Peloton has settled its patent infringement case against Flywheel Sports, with Flywheel simultaneously dropping a separate counter proceeding at the U.S. Patent and Trademark office. Within the court documents, Flywheel made the admission that Peloton’s patents were indeed valid and enforceable. The patents relate to Peloton’s “at home”, “remote streaming” and...
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February 3, 2020
Nike Vaporfly shoes won’t be banned from Olympics
After helping smash marathon records, Nike’s controversial sneaker can still be used by athletes in Tokyo Games. However, track and field’s world governing body on Friday moved to curb the future escalation of running-shoe technology pioneered by Nike’s Vaporflys. The new regulations issued by World Athletics would restrict the thickness of a...
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January 30, 2020
Asics Ventures invests in smart shoe technology
Asics Corporation announced that its investment subsidiary Asics Ventures Corporation invested in a Japanese startup, No New Folk Studio Inc., the developer of sensing solution Orphe Track which measures and analyses foot movement. Asics, in conjunction with No New Folk Studio, developed a smart running shoe that gives runners real-time...
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January 30, 2020
Hoka One One drives parent Deckers Brands to Q3 earnings, sales beat
For the period ended Dec. 31, the company posted Q3 earnings of $7.41 per share, surpassing consensus bets of $6.55 a share. Sales also jumped 7.4% to $938.74 million, compared with Wall Street estimates of $900.43 million. Hoka One One — which outshone sister labels Ugg, Teva and Sanuk — reported sales...
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January 29, 2020
24,500 runners attend National Running Show Birmingham 2020
The National Running Show Birmingham in partnership with Children with Cancer UK took place on Saturday 25th and Sunday 26th January 2020. The organizing team reported that the UK show attracted ‘more than 24,500 runners. Read Endurance Business to find out more about the speakers, new trail running section and sustainability...
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January 27, 2020
Hong Kong Marathon cancelled because of coronavirus
Hong Kong leader Carrie Lam Cheng Yuet-ngor has declared the highest level of emergency in response to the outbreak, raising it from the previous state of "serious", leading to the race on February 9 being abandoned. The event had already attracted a full quota of 74,000 participants who were due to...
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January 23, 2020
UCI steps up anti-doping enforcement in women’s peloton
The UCI is stepping up its anti-doping efforts in the women’s peloton by carrying out testing at all Women’s WorldTour events and during training camps. Cycling’s international governing body is also increasing the number of riders who must register their whereabouts for testing and upping the amount of money it takes...
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January 23, 2020
It will cost you $30,000 to ride with Lance Armstrong for a week
Lance Armstrong and George Hincapie will host a cycling holiday this year, in which 12 guests will pay $30,000 for five days of riding on the Spanish island of Mallorca. The trip is named 'The Move Mallorca 2020', borrowing the name of Armstrong's cycling podcast, and is listed on the website...
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January 23, 2020
Runner who accused Canepa of cheating at Tor found guilty of defamation
Paolo Rossi, the 2014 Tor des Géants participant who accused 2012 and 2013 champion Francesca Canepa of accepting a ride in the middle of the race, has been found guilty of defaming her in an Italian court, and must pay her €15,000 in compensation as well as a €2,500 fine. Read what transpired...
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