Nike has settled a racial discrimination lawsuit initially filed in 2017 by a 15-year company veteran just before the case was heading for trial. Terms of the settlement were not disclosed. A Nike spokesman told Portland Business Journal that lawsuit was resolved to both parties' satisfaction." (Read More)
Thule reported earnings rose 8.9 percent in the second quarter on a 7.3 percent revenue gain. Magnus Welander, CEO and president, said in a statement, "After a strong April and stable May, growth in the month of June was a disappointment in the US as store owners became more cautious as a result of the additional 15 percent tariff on Chinese goods announced in May." (Read More)
Nike’s “Dream Crazy” commercial, supporting Nike's 30th-anniversary “Just Do It” campaign and controversially narrated by Colin Kaepernick, has been nominated for an Emmy award for Outstanding Commercial. (Read More)
Echelon Fit, the maker of Echelon Fit connected spin bikes and on-demand digital workouts, announced a growth capital infusion from North Castle Partners. The investment comes approximately one year after the official direct-to-consumer launch of Echelon Fit. (Read More)
PeopleForBikes announced its latest round of community grants. The latest grant round totals $50,000 and includes eight projects in seven states. (Read More)
Kate’s Real Food, producers of wholesome, hand-rolled energy bars made from organic ingredients, announced that company sales manager, Matt O’Rell, has been promoted to the position of EVP of sales. (Read More)
Quality Bicycle Products (QBP) has been named the new U.S. wholesale distributor of Fox bike forks, shocks, dropper posts and service parts. (Read More)
The 2019 Colorado Classic presented by VF Corporation launched the “Equity in Cycling Pledge” today that asks fans around the world to show their support for gender equality in professional cycling. (Read More)
Major League Soccer and Adidas announced a new partnership with the German Football Association (DFB) to train MLS academy goalkeeper coaches and goalkeepers through a series of immersive year-long development courses. (Read More)
Messe Friedrichshafen has decided not to go ahead with the premiere of OUTDOOR Friedrichshafen scheduled for September 17 to 19 2019 and to postpone the new format. The decision is intended to give all those involved the opportunity to continue developing the newly initiated concept. (Read More)
