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 19, 2025
ThredUp’s 13th Resale Report Shows Online Resale Saw Accelerated Growth in 2024 and Is Expected to Reach $40 Billion by 2029
ThredUp, one of the largest online resale platforms for apparel, shoes, and accessories, today released the results of its 2025 Resale Report. Yahoo Finance
March 18, 2025
EXEC: Saucony and Merrell Grow 57 Percent in China in 2024; Saucony Hits Benchmark
Xtep International Holdings, Ltd. (Group), the owner of the Xtep brand globally and the Saucony and Merrell brands in the Greater China market, reported in its 2024 Annual Report that revenue of the Group’s continuing operations increased by 6.5 percent to RMB13.6 billion in 2024, compared to RMB12.7 billion in...
March 18, 2025
EXEC: Giant Group Posted Big February Shipment Growth Before Tariffs Hit
February shipments for Gian Group increased 30.9 percent year-over-year to NT$5.4 billion, pushing the two-month year-to-date period up 13.1 percent through February to NT$10.1 billion. SGB Media
March 17, 2025
Giant profits plummet by 60% as inventory woes and heavy discounting bite, but bike brand confident of “recovery” in 2025
The positive take on the figures, first reported by Bicycle Retailer and Industry News(link is external), is that sales were actually only down 7.4 per cent on 2023 and still exceeded pre-pandemic levels, Giant stating that the "over-inventory situation continues to improve. Road.cc
March 14, 2025
Rad Power Bikes Appoints New CEO after Phil Molyneux’s Departure
Rad Power Bikes (RPB) has appointed former Bartell Drugs CEO Kathi Lentzsch as its new chief executive officer, closing the loop after the surprising departure of former CEO Phil Molyneux. SGB Media
March 14, 2025
Chains subject to steel tariffs; some cables and other products, too
The 25% U.S. tariffs on steel and aluminum that took effect Thursday apply to bicycle chains, some bike cables, perhaps some locks, and a wide variety of hardware and other products that are used in bike shops and by manufacturers. Bicycle Retailer
March 13, 2025
USA Triathlon Launches Revamped Elevate 2028 Strategic Plan
USA Triathlon has unveiled a revised strategic plan through the 2028 Olympic Games in Los Angeles, calling the revamped plan “Elevate 2028: Focus Forward.” Calling 2025 the “midpoint of our journey,” the revised plan features heavy focuses across the entirety of USA Triathlon stakeholders — athletes, coaches, clubs, and race directors. Slowswitch
March 11, 2025
With Increasing Membership Costs, Should Pros Take the Ironman Gamble?
Professional triathletes know that success in the sport often comes at a cost – coaching, equipment, travel, and race entries all add up. But for those who compete in Ironman-branded events, the financial equation has grown more complicated. triathlete
March 11, 2025
Dick’s Sporting Goods Impresses Again in 2024 as Q4 Comps Grow 6.4 Percent
Dick’s Sporting Goods, Inc. saw DKS shares take a dip on Tuesday, March 11 after reporting the retailer’s fiscal fourth quarter and full-year results. DKS shares were down in mid-single-digit in midday trading. SGB Media
March 11, 2025
Rad Power Bikes CEO Phil Molyneux to leave brand
Rad Power Bikes announced that CEO Phil Molyneux will leave the brand and also confirmed its sixth workforce reduction, with this round affecting its direct-to-consumer sales staff. Bicycle Retailer