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 29, 2020
JackRabbit and Olympia Sports Partner to Donate Supplies to Healthcare Workers Amid Covid-19 Pandemic
Denver, Colorado - JackRabbit and Olympia Sports announced they have partnered with key sports brands in the running and athletic industry to gather and deliver donations to medical workers who are on the frontline during the COVID-19 pandemic. Brand partners who generously contributed donations are Asics, Feetures, GU, HOKA ONE...
April 28, 2020
Shimano reports bike division sales down 15% in Q1; withdraws guidance
Shimano reported that its first-quarter bike division sales were down 15.4% from the same period last year. Operating income in the division declined 26.1%. Check out the earnings numbers at Bicycle Retailer & Industry News.
April 28, 2020
Run specialty stores plot recovery
The owners at Charm City Run, Big Peach Running, Brooklyn Running, and Playmakers talked with SGB Executive about the adjustments they’ve made and their challenges and opportunities ahead in the face of COVID-19. Read more on SGBMedia.
April 28, 2020
Race Roster introduces a communications handbook for event cancellations and modifications
London, ON (Tues, April 28, 2020) - COVID-19 has tested our industry and forced many of us to make some very hard decisions. There are many challenges that come with managing an event in the middle of a crisis, and you and your team may not have the time to...
April 28, 2020
VirtualSportsRacing.com Announces $1 Sign-Up for Event Organizers Hosting Virtual Endurance Events
Dallas, Texas – April 28, 2020 – VirtualSportsRacing.com, an innovative digital platform for virtual sports races, events and challenges, today announced $1 per registration pricing for all race directors, event organizers, brands and charities looking to host virtual endurance, multisport and gym events for their participants for events starting any time...
April 27, 2020
I lost my tri job due to COVID-19—Here’s how the industry is coping
Triathlete contributor Jay Prasuhn finds himself unemployed due to the the COVID-19 pandemic. He looks at the various arms to the industry to see how they're coping and adjusting during this trying time. Read more here.
April 27, 2020
Adidas takes massive earnings hit due to coronavirus, warns of even bigger impact next quarter
The Germany-based sportswear giant’s net income for the first quarter plummeted 97% to $21.69 million, with earnings of 14 cents per share. Revenues also decreased 19% to $5.15 billion, with a 20% drop at its namesake brand and a 12% slide at Reebok. Read more on Footwear Daily.
April 27, 2020
TBI Joins Endurance Sports Coalition
In response to COVID-19, Triathlon Business International (TBI) has joined the Endurance Sports Coalition. Founded in 2010, TBI is a multisport industry networking organization of businesses and individuals who support the growth and success of triathlon as a business and a sport. For more information about TBI, click here. The...
April 24, 2020
PeopleForBikes Supports Additional Funds for Paycheck Protection Program
WASHINGTON, D.C. (April 24, 2020) — Today, the federal government injected an additional $310 billion into the Small Business Administration's Paycheck Protection Program (PPP), supporting small businesses hit hardest by COVID-19’s economic slowdown. Small businesses are the backbone of the bicycle industry, serving their local communities, especially those who now...
April 23, 2020
Endurance sports sidelined by virus join race for federal relief
The Endurance Sports Coalition has been lobbying for the replenishment of a small business loan program designed to help struggling businesses keep workers on their payroll, in addition to underscoring with lawmakers the industry will need further help. Read more on Bloomberg Government.