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, 2025
Nike Sparks Backlash for ‘Never Again’ Ads at London Marathon
Nike is facing backlash for using the phrase “Never again” in ads that ran near the London Marathon on Sunday. The phrase “Never again” is typically associated with Holocaust remembrance and used as a vow to prevent such atrocities from happening again. Nike’s billboards, directed at runners in the 2025 London...
April 29, 2025
Adidas Warns of U.S. Price Hikes Due to Tariffs
Adidas AG said that despite reporting better-than-expected first-quarter results, it opted not to raise its financial targets for 2025 due to rising concerns over President Donald Trump-imposed trade tariffs, including the threat that prices will have to rise for U.S. products. SGB Media
April 29, 2025
Kent halts Chinese imports; tariffs could force production suspension
Kent International would likely suspend production at its South Carolina bike factory later this year if the Trump administration does not reduce tariffs on Chinese imports, Kent Chairman Arnold Kamler said. Bicycle Retailer
April 28, 2025
Nike Is Facing a Potential Class Action Lawsuit for Shutting Down Its NFT Platform
A proposal for a class action lawsuit is accusing Nike of engaging in a “rug pull” by shutting down operations for its RTFKT NFT platform. Footwear News
April 24, 2025
MIPS’ net sales rise 40%; CEO says tariffs creating short-term uncertainty
MIPS reported net sales for the first quarter increased 40% year-over-year and added that bike helmet inventory has "largely normalized" globally. Bicycle Retailer
April 24, 2025
EXEC: Shimano Posts Solid Q1 Results, Led by DD Growth in Bicycle Components
Shimano Group reported that interest in bikes and fishing tackle continued into the first quarter of fiscal year 2025, pushing consolidated net sales up 12.9 percent year-over-year (y/y) to ¥113.5 billion. SGB Media
April 23, 2025
EXEC: Adidas Brand Posts 17 Percent Sales Gain in Q1 Excluding FX Shifts
Adidas reported preliminary results for the first quarter of 2025, indicating that revenues grew nearly €700 million year-over-year to €6.15 billion, compared to €5.46 billion in Q1 2024. In currency-neutral terms, company sales increased 13 percent year-over-year (y/y). Total company gross margin improved 90 basis points to 52.1 percent of...
April 22, 2025
Thule to lay off 22 workers in Colorado
Why is Thule, a major outdoor brand, laying off workers in Colorado? Get the inside story on potential shifts in the bike and outdoor industry and what this means for the future of jobs. Bicycle Retailer
April 22, 2025
Ari Has Hundreds of Bikes Stolen on Way to Utah Warehouse
Ari Bikes announced that it had hundreds of its bikes stolen from a truck traveling to its warehouse in Utah. The truck was last seen in the Santa Clarita area. MOUNTAIN BIKE ACTION
April 18, 2025
Revel Bikes Closes Down Just Days After Debuting New Rides
Colorado-based Revel Bikes is going out of business, a sales manager for the company confirmed to GearJunkie on Friday. The news comes just days after Revel debuted three new bicycles at Sea Otter, one of the bike industry’s biggest annual events. Gear Junkie