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.
March 27, 2020
Race Roster, ASICS, and the Runkeeper™ app team up to offer a more rewarding virtual experience
London, ON — As part of Race Roster’s ongoing effort to support thousands of running events and millions of runners, Race Roster, ASICS and the Runkeeper™ app have teamed up to offer an even more engaging and rewarding virtual event experience. By working together, they are building technology that will...
March 26, 2020
A Guide for Switching Your Event to a Virtual Race
COVID-19 is spreading, forcing event organizers around the world to take measures to protect their communities. Whether or not the virus has affected your area yet, you’re probably at least planning for what you will do if it becomes unsafe to hold your race on its scheduled date. While postponement...
March 26, 2020
Small Business Relief Tracker: Funding, grants and resources for business owners grappling with coronavirus
In an effort to help business owners find financial relief, we’ve rounded up all of the government agencies, private companies and nonprofit organizations that are extending support. Read more on Forbes.
March 26, 2020
Lululemon’s Q4 earnings top estimates on online sales surge
Lululemon Athletica Inc. reported net earnings rose 36.4 percent and slightly exceeded Wall Street’s targets. Same-store sales soared 20 percent, lifted by a 41 percent hike in online sales. Net revenue was $1.4 billion, an increase of 20 percent compared to the fourth quarter of fiscal 2018. Wall Street’s consensus estimate...
March 26, 2020
Advance to Acquire The IRONMAN Group from Wanda Sports Group
New York, NY / Tampa, FL (March 26, 2020) – Advance announced today that it has entered into a definitive stock purchase agreement with Wanda Sports Group Company Limited (NASDAQ: WSG) to acquire The IRONMAN Group in an all-cash transaction. The IRONMAN Group and its portfolio of assets, which includes its...
March 25, 2020
The Sufferfest and Wahoo Go “All In” on New Indoor Training Plans
ATLANTA, March 25, 2020 - The Sufferfest, a comprehensive training platform for time-crunched athletes that is now part of Wahoo Fitness, today announced the release of a suite of training plans designed specifically for athletes who are staying indoors due to the current global health crisis. These four-week “All In”...
March 25, 2020
Why Dick’s Sporting Goods is suspending CEO and president salaries amid the coronavirus pandemic
Top executives at Dick’s Sporting Goods will not take home pay for a temporary period as the retailer braces itself for the coronavirus’s impact on its business. What’s more, Dick’s announced reductions in the base salaries of all members of its senior management team. Other salaried employees will also take cuts...
March 25, 2020
Credit Union Cherry Blossom Ten Mile Run and Outside Interactive Announce Free Official 2020 Remote Participation Through a “Simulated” Race Day Experience
Washington, DC (March 25th, 2020) – Today it was announced that the Credit Union Cherry Blossom Ten Mile Run has introduced Outside Interactive’s race day simulator technology for treadmill runners as an integral component of its free virtual race offering for this year’s cancelled race due to the Covid-19 virus,...
March 24, 2020
NIKE, Inc. reports fiscal 2020 third quarter results
Revenues increased to $10.1 billion in the third quarter, up 5 percent on a reported basis and up 7 percent on a currency-neutral basis. Digital sales in Greater China increased more than 30 percent while brick and mortar retail sales were impacted by temporary store closures related to COVID-19. Read more...
March 24, 2020
BikeFlights.com Enhances Bike Shipping Website
PORTLAND, OR (March 24, 2020) - BikeFlights.com is pleased to announce enhancements to its website to make it easier for customers to get answers to their bike shipping questions and book shipments. “Our site enhancements are the result of months of research and collaboration among our staff and customers,” said...