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.
November 3, 2020
Nike Is Now Laying Off 700 — Not 500 — Workers at Oregon HQ
The Swoosh, which indicated in a WARN notice in July its plans to lay-off 500 HQ workers, has upped that number to 700 job cuts, and expects to complete the staff reductions by Jan. 8, 2021. Read more on Footwear News.
November 3, 2020
USA Cycling Announces Medical Advisory Board
COLORADO SPRINGS, Colo. – Following the appointment of Dr. Michael Roshon as USA Cycling’s Chief Medical Officer, Dr. Roshon has developed a Medical Advisory Board appointing six members to the board for USA Cycling. The primary purpose of the Medical Advisory Board is to provide expert advice to support Dr....
November 2, 2020
Emerald Holding takes earnings beating on cancelled shows
You know them for your favorite trade shows that didn't happen this year including Outdoor Retailer, SurfExpo and others. The company reported revenues of $8.5 million in the third quarter ending September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent....
November 2, 2020
Under Armour is selling MyFitnessPal and exiting stores
While other companies are "all in" on fitness platforms primarily resulting from the growing online workout boom, Under Armour is taking a loss on its MyFitnessPal acquisition it made just five years ago for $475M. The company is selling the diet- and exercise-tracking app to investment firm Francisco Partners for...
November 2, 2020
Pocket Outdoor Media Acquires FinisherPix, Global Sports Photography Provider
Boulder, Colorado, USA — November 2, 2020 —Pocket Outdoor Media (POM), the world's leading creator of active lifestyle content, today announced the acquisition of FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners,...
November 2, 2020
Sportstats Grows Again, Launching New Brands and Services
Created in response to the cancellation of events by the COVID-19 pandemic, VirtualRun.World keeps people active and engaged by offering the ability to race virtually. Currently shipping in Canada, the United States, and Australia, the brand continues to grow its global presence. VirtualRun.World strives to offer a premier virtual racing...
November 2, 2020
Skylar Schneider, Kendall Ryan & Justin Williams to lead 2021 L39ION of Los Angeles Co-Ed Domestic Elite Team
LOS ANGELES, November 2, 2020 – Williams Racing Development, the company that uses marketing to promote and increase diversity within cycling, today announced the roster for their 2021 L39ION of Los Angeles USA Cycling Domestic Elite Team and the establishment of a Men’s UCI Continental Team, L39ION of Los Angeles....
October 30, 2020
Race Roster invests heavily in Customer Success
London, ON (Friday, October 30, 2020) - Speed is no stranger to Race Roster’s growing Customer Success team. They’re not only quick to answer your call, but they’re also likely to be one of the first runners at your finish line. Race Roster’s Customer Success team takes pride in their...
October 29, 2020
Skechers (SKX) Tops Q3 Earnings and Revenue Estimates
Skechers came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago. Skechers posted revenues of $1.30 billion for the quarter ended September 2020. Read more on Zacks.
October 29, 2020
Wall Street suddenly loves bike companies thanks to cycling boom
In October, Canyon, a high end, direct-to-consumer bike brand, announced that it was in talks with private equity and buyout firms. A sale could bring in $592 million and start a trend. Find out what other companies are making waves here.