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.
February 6, 2020
Skechers stock soars after Q4 sales beat forecasts, brand warns of coronavirus impact
Shares for Skechers USA Inc. surged in after-hours trading on Thursday after the shoemaker posted fourth-quarter sales that blew past expectations. In its financial report for the period ended Dec. 31, Skechers logged revenues that rose 23.1% to $1.33 billion, compared with analysts’ predictions of $1.25 billion. Earnings per share were in line...
February 5, 2020
Rad Power Bikes Closes $25 Million in Funding to Grow Direct to Consumer Electric Bike Business
Vulcan Capital and Durable Capital Partners LP Invest in North America’s Largest Ebike Brand SEATTLE - February 5, 2020 — Rad Power® Bikes, a Seattle-based ebike brand, closed $25 million in funding led by Vulcan Capital and Durable Capital Partners LP. The funding will support new brick and mortar retail...
February 5, 2020
Nike, Adidas say coronavirus will hurt business in China
Nike Inc. closed about half of its company-owned stores in China as a result of the coronavirus outbreak, which it expects to have a material impact on operations in the country. Rival brand Adidas AG followed suit Wednesday, saying it has closed a significant number of stores in China and franchisees are doing likewise. Read more...
February 5, 2020
Pioneer sells cycle sports business to Shimano
Cycling power meter specialist Pioneer has signed an agreement to transfer its cycle sports business to Shimano. Shimano plans to develop products, web services and applications using the Pioneer Cycle Sports assets and make Shimano services available to customers who currently use Pioneer’s Cyclo-Sphere web services, PC tool, and smartphone applications. Read more...
February 5, 2020
Peloton Raises Guidance After Cruising To Q2 Beat
In just its second quarterly earnings report since going public, Peloton Interactive Inc. notched impressive earnings and revenue beat as the company grew its number of connected fitness subscribers 96 percent to 712,005 and its total members to more than 2 million. Read what the earnings look like on SGBMedia.
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February 5, 2020
BibRave Partners with Blistering Pace Race Management to Reimagine Race Promotion
New campaigns stepped outside the box to create fresh race marketing ideas. Portland, OR - BibRave, the running industry leader in grassroots digital marketing, recently partnered with race management company Blistering Pace Race Management (BPRM) to create two new programs that broke from typical race marketing strategies. To increase the...
February 5, 2020
The Amy D. Foundation Names Executive Director
Julie Kuliecza Takes The Helm Of The Growing Nonprofit (Boulder, CO). The Amy D. Foundation announced Julie Kuliecza as the Executive Director of the nonprofit dedicated to building opportunity, participation, and equality for women in the sport of cycling. Kuliecza, a paralegal, professional cyclist and former managing director of a...
February 5, 2020
deboer wetsuits is proud to have Palani Distribution as a retail partner in France
Stamford, CT, Release: February 5, 2020. deboer wetsuits is proud to have Palani Distribution as a retail partner in France. France is an important market for deboer wetsuits, and we are very excited to work with Palani Distribution in retail and growing the brand. Arnaud Selukov, Owner of Palani Distribution...
February 5, 2020
Elite Athletes Carlos Trujillo And Iveen Chepkemoi Sign with Elite Runner Management
Olympian Trujillo & Kenyan Chepkemoi sign agency contracts with Chris Mengel GROSSE POINTE (MI) - Professional runners Carlos Trujillo and Iveen Chepkemoi have signed agency contracts with Elite Runner Management LLC (ERM), the Michigan based sports agency headed by Chris Mengel. “It’s a privilege to have the opportunity to work...
February 4, 2020
Peloton and Flywheel Sports settle litigation cases
Indoor cycling business Peloton has settled its patent infringement case against Flywheel Sports, with Flywheel simultaneously dropping a separate counter proceeding at the U.S. Patent and Trademark office. Within the court documents, Flywheel made the admission that Peloton’s patents were indeed valid and enforceable. The patents relate to Peloton’s “at home”, “remote streaming” and...