News Topics
April 29, 2020
An Ironman Sale Is Pending Amid Coronavirus. Can Its Racing Mojo Endure?
Wanda Sports Group, announced that it would sell IRONMAN to Advance, owner of the media company Condé Nast, for a reported $730 million. The deal is scheduled to close next month. That leaves IRONMAN in an awkward purgatory, during which the seller wants to spend as little money as possible and...
April 29, 2020
Will Triathlons Come Back This Year? What Will They Look Like?
As the world tries to limit the spread and fatality rate of the COVID-19 pandemic, race directors grapple with the possibility of no mass events in 2020. Interesting article on Triathlete.
April 29, 2020
American Pacific Group acquires SaltStick
American Pacific Group, a San Francisco-based private equity firm, in partnership with Joe Falsetti of Dana Holdings, has acquired SaltStick, an electrolyte replenishment supplement with a strong following among endurance athletes for in-competition and training activities. Read more on Private Equity Wire.
April 29, 2020
Garmin reports strong revenue and operating income growth for first quarter 2020
Garmin Ltd. announced results for the first quarter ended March 28, 2020. Total revenue of $856 million, a 12% increase, with fitness, marine, outdoor and aviation collectively increasing 17% over the prior year quarter. The company is withdrawing its fiscal 2020 guidance due to the rapid and unpredictable economic changes caused...
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
Tour de France may be postponed again
The Tour de France's anticipated August 29 start date for the postponed 2020 edition has fallen under new uncertainty as the French Prime Minister, Edouard Philippe, banned all mass sporting events until September. However, a few hours later the French Ministry of Sport clarified that it might not affect the Tour. Read more on...
April 28, 2020
Allbirds is now making running shoes
Allbirds fans love the brand’s eco-friendly lifestyle sneakers. And now, the company has sustainability-focused performance shoes. The shoe was created with natural materials including its Sugarcane-based SweetFoam, eucalyptus and a reengineered version of its merino wool. Read more on Footwear News.
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
On a lighter note – ‘Oh no, I spelled it wrong’: Nurse runs solo marathon in shape of ‘Boston Strog’
Lindsay Devers planned her marathon-length riverside run in Boston to spell out an inspirational message during the coronavirus pandemic. But she forgot just one thing. Read more on CBC News.