BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
December 1, 2020
Michael Capiraso To Step Down As NYRR President & Chief Executive
Kerin Hempel, a former New York Road Runners executive and consultant, has been named interim CEO. Capiraso’s departure was preceded by a tumultuous time for the 62 year-old NYRR, hit hard by the pandemic, thus forcing a complete halt to in-person running events, and necessitating the reduction of its staff....
November 29, 2020
Nike Unite
Nike is testing a chain of new shopping experiences called “Nike Unite,” which are tailored to local communities in select locales around the world. Each store will have unique decorations that represent the local culture, including a community wall that highlights local partnerships. Products will be specifically curated for the...
November 24, 2020
Dick’s Earnings and Sales Blast Past Forecasts, Names New CEO
Dick’s Sporting Goods announced that its board of directors unanimously elected president Lauren Hobart to the post of CEO, effective Feb. 1. Dick’s also posted stronger-than-anticipated quarter: For the three months ended Oct. 31, it logged profits of $182.2 million, or earnings of $2.01 per share, compared with the prior...
November 24, 2020
Athleta’s Q3 Sales Jump 35 Percent
Net sales were flat year-over-year at $4.0 billion, above Wall Street’s consensus estimate of $3.80 billion. The performance reflected a 61% increase in online sales, offset by a 20% decline in store sales. Notably, 40% of the company’s sales were online in the third quarter. Athleta operated 198 stores at...
November 18, 2020
Brooks Running Gains New Runners with 49% Global Growth in Q3
Brooks Running reported record third quarter global revenue up 49 percent year over year, leading to a 2020 outlook of 27 percent growth. Brooks’ digital sales flexed from less than 35 percent of sales in 2019 to a peak of 82 percent of all sales this past April, and has since...
November 17, 2020
Mars to buy Kind bars maker to push into healthy snacks market
Candy manufacturer Mars Inc will buy Kind North America, the company that makes healthy granola and energy bars, as the Snickers and M&M maker looks to extend its global reach. Kind will operate as a separate business within Mars globally, the companies said. Reuters
November 17, 2020
POM hires former Bike editors, will launch mountain bike title
Pocket Outdoor Media is adding scale to its Active Pass membership by hiring five Bike magazine editors who were furloughed this fall. The crew will lead the effort to launch a new mountain bike title in 2021. A360 Media also announced in October that it will “pause” the magazine as...
November 16, 2020
Emerald appoints Hervé Sedky as President and Chief Executive Officer
Sedky brings three decades of experience including, most recently, six years as President of Reed Exhibitions Americas. Before that, he was an executive for 20-years at the American Express Company, where he held the title of Senior Vice President and General Manager of American Express Business Travel.
November 16, 2020
Lululemon to sell Mirror devices in stores, add community features
After acquiring the company over the summer, Lululemon will now offer Mirror devices at its stores across the U.S., beginning with 18 stores this holiday season. The athletics retailer is also introducing a range of new engagement features for the tech, including letting users turn on a built-in camera to...
November 16, 2020
‘I am committed to keep learning’: Chloe Dygert apologizes for controversial social media conduct
The American rider issued the apology after joining Canyon SRAM, having apparently liked a transphobic tweet from Donald Trump, as well as posts stating 'white privilege doesn't exist.' Cycling Weekly