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.
April 22, 2020
Endurance Sports Coronavirus Daily News Updates
Endurance Sportswire is providing timely and pertinent articles and news updates specific to coronavirus and the running, cycling and triathlon industries. NEWS UPDATES 4/22 USOPC to cut up to 20%, says no Olympic games would be ‘devastating’. Read more on HERE. NEWS UPDATES 4/21 USA Track and Field lays off 7;...
April 21, 2020
USOPC to cut up to 20%, says no games would be ‘devastating’
The Associated Press received a copy of a letter CEO Sarah Hirshland sent to leaders across the U.S. Olympic world Tuesday, in which she said cuts of 10 to 20% are “necessary to balance both the current delay in revenue and anticipated decline” that’s expected over coming years. The letter was...
April 20, 2020
Gyms rank among the first to be allowed to re-open
In a memo issued on Thursday titled “Guidelines for Opening Up America Again,” the White House included gyms among the businesses that could reopen to the general public during “phase one” of its three-part reopening plan to jump-start the American economy. The decision on gyms came a day after Trump’s phone...
April 20, 2020
USA Track and Field lays off 7; CEO takes 20% pay cut
USA Track and Field has laid off seven people from its 65-person staff and CEO Max Siegel is taking a 20% pay cut to offset lost revenue due to the coronavirus pandemic. The organization that runs the country’s largest summer sport has been forced to cancel dozens of events, including the...
April 15, 2020
The logistical hell of postponing the Olympics for one year
Immense logistical, economic, and psychological challenges lie ahead for the organizing committee and the city of Tokyo—challenges that must be faced under the looming risk that an unabated coronavirus pandemic may ultimately compel organizers to cancel the Olympics, regardless of preparations. And the sheer price tag of holding the Olympics...
April 14, 2020
Cancellation of Tour could lead to ‘economic meltdown’ in cycling
The Tour de France is not just the center of the cycling season and a celebration of the French nation, but an economic pillar on which teams, sponsors and riders rely. The past month has already seen several teams cut rider salaries and sponsors shoot out warnings of recalling budgets as the early-season racing stop took its...
April 13, 2020
USA Cycling putting timely emphasis on personal well-being
Kelsey Erickson had spent nearly a decade working in the mucky world of international anti-doping when she heard that USA Cycling was looking for someone to build and administer a wellness program for riders at all levels. Read more on USA Today.
April 9, 2020
Cycling-World governing body UCI to furlough staff, reimburse event fees
Cycling's world governing body the UCI said on Thursday it was furloughing its entire staff, either fully or partially, in a bid to "weather the storm" caused by the coronavirus pandemic. Senior management and elected UCI officials have agreed to salary reductions while 130 UCI employees will be furloughed. Other measures...
April 7, 2020
HYLETE Announces Regulation A Offering
Hylete, Inc., the fitness lifestyle brand based in Solana Beach, CA, announced a $12 million equity raise under a Regulation A Tier 2 offering. Hylete was founded in 2012 as a direct-to-consumer brand and had 2019 net revenues of over $12.5 million. Read more on SGBMedia.
April 6, 2020
What bike shops are open during the COVID-19 response?
Portland Design Works and Chris King Precision Components have collaborated to publish an interactive map showing the hours and current status for more than a thousand retailers in the U.S. during the COVID-19 pandemic. Read more on Bicycle Retailer.