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.
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February 11, 2022
Under Armour Reports $1.53B In Q4 Revenue
With a net income of $109.7 million, Under Armour saw revenue increases across the globe during the quarter, with help from higher prices of hoodies and leggings. North American revenue jumped 15% to $1.1 billion, with international revenue growing 3% to $461 million. Despite accessories sales falling 27% to $107 million, apparel grew...
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February 11, 2022
Kane Footwear Welcomes Hilary Knight to Athlete Team
Westport, CT (February 11, 2022) /ENDURANCE SPORTSWIRE/ - Kane Footwear is thrilled to announce a partnership with USA Hockey forward Hilary Knight. Kane seeks to enhance athlete performance by providing a comfortable, supportive recovery footwear option for pre-and-post game. Knight was a perfect partner for Kane, as someone who recognizes the...
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February 11, 2022
Elite Distance Runner Kate Sanborn signs agency contract with Elite Runner Management
/ENDURANCE SPORTSWIRE/ - Kate Sanborn, an Olympic Trials qualifier and 2:33 marathoner, has signed an agency contract with Elite Runner Management (ERM), the Michigan based sports agency headed by Chris Mengel. It was also announced today that Sanborn will be sponsored by Tracksmith, the Boston-based independent running brand. “It’s a...
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February 11, 2022
Donnelly Cycling Names Thorpe Marketing as Agency of Record
COLORADO /ENDURANCE SPORTSWIRE/ - Donnelly Cycling, manufacturer of highly-regarded cyclocross, gravel and road tires, has named Thorpe Marketing as its public relations agency of record. Thorpe Marketing will manage Donnelly’s public relations and assist the marketing department with their communications strategy in North America. Colorado-based Donnelly made a successful entry into...
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February 11, 2022
US Trail Running Conference Webinar Provides Path to Carbon Neutral Trail Races
Estes Park, CO /ENDURANCE SPORTSWIRE/ - The first webinar in a seven-webinar series produced by the US Trail Running Conference and presented by Marathon Printing, the leading producer of custom printed items for endurance sports, was live on Thursday, February 3. The session subject that opened the eagerly awaited series...
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February 10, 2022
Porsche acquires minority interest in Fazua e-bike drive system brand
Porsche announced Thursday plans to acquire a 20% stake in the German e-bike drive system manufacturer Fazua GmbH and also will partner with Pon Holdings' Ponooc Investment B.V. Bicycle Retailer
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February 10, 2022
Asics’ Revenues Climb 23 Percent In 2021
Asics reported that despite the effects of COVID-19, net sales increased 22.9 percent in its year ended December 31 due to strong sales in all regions, mainly driven by the Performance Running category and the Core Performance Sports category. The biggest regional gains were seen in North America, up 31.8...
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February 10, 2022
Best Bike Split (BBS) Splits from TrainingPeaks
Austin, TX (Feb. 10, 2022) /ENDURANCE SPORTSWIRE/ - Best Bike Split was formed in 2013 with the idea of helping cyclists, triathletes and their coaches to find the fastest possible way to race any course on any day in any conditions. Since founding the company BBS algorithms and software have become...
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February 10, 2022
Triathlon Stars Gather At Glitzy London Premiere Of Every Second Counts
/ENDURANCE SPORTSWIRE/ -The stars of triathlon turned out in London last night for the glitzy premiere of Super League’s new four-part documentary series Every Second Counts. Olympic gold medallists and Super League Triathlon (SLT) 2021 champions Georgia Taylor-Brown and Alex Yee were joined on the black carpet by the great...
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February 10, 2022
RunVermont launches search for Executive Director
Burlington, VT /ENDURANCE SPORTSWIRE/ - RunVermont, a non-profit dedicated to promoting running as a life-long activity, today announced that, after leading the organization for 13 years, Peter Delaney will complete his run as executive director, and that it has launched a nationwide search for a new executive director. RunVermont organizes...
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February 9, 2022
Thule Q4 net sales up 15%, full-year 33%
Thule Group's fourth-quarter net sales increased 15% year-over-year, with 2021 net sales rising 32.7%, despite rising costs for raw materials, freight prices, and COVID-19 employee absenteeism. Bicycle Retailer
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February 9, 2022
Daniel Benson appointed as new Editor-In-Chief of VeloNews
VeloNews, a leader in cycling news, race results and bike reviews, and owned by Outside Interactive, has confirmed the appointment of Daniel Benson as the media title’s new Editor-In-Chief. In his new role, Benson will be responsible for running the global editorial team, commissioning content, enhancing WorldTour coverage, and expanding...
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February 9, 2022
Shimano’s Sales Climb 45 Percent In 2021
Shimano, Inc. reported sales in 2021 increased 44.6 percent from the previous year to ¥546,515 million. Operating income increased 79.3 percent to ¥148,287 million, ordinary income increased 87.3 percent to ¥152,562 million, and net income increased 82.7 percent to ¥115,937 million. SGB Media
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February 9, 2022
Private equity biz acquires drivetrain maker enviolo
Electric bike drivetrain specialist enviolo has been acquired by mid-market private equity business Inflexion in a deal said to be worth $245 million. In the news late last month, enviolo has just moved in to new Amsterdam and Zwolle premises in preparation for the next stage of growth. Transmission products,...
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February 9, 2022
Peloton CEO Barry McCarthy’s first all-hands meeting ends early as laid-off employees crash it
Peloton held a virtual all-hands meeting Wednesday that was meant to introduce its new CEO, Barry McCarthy. Instead, a conversation between McCarthy and former CEO John Foley ended early, according to three people familiar with the details of the meeting. CNBC
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February 9, 2022
Velosock Returns to Challenge Family in Multi-Year Partnership
/ENDURANCE SPORTSWIRE/ - Challenge Family has today renewed its partnership with award-winning bike cover specialists, Velosock, to further add value to the Challenge Family athletes’ journeys as they prepare for their triathlon goals. Together, Velosock and Challenge Family will work on innovative bike covers specifically designed to ensure safer bike transportation...
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February 8, 2022
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post Summary: Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board. Peloton plans to cut 2,800 jobs, or about 20% of corporate positions. CNBC
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February 8, 2022
€270,000 Worth of Shimano Bike Parts Stolen in Dramatic Heist
A Czech bike manufacturer called Bike Fun International was expecting a shipment of Shimano components necessary to produce 10,000 bikes. That shipment never made it. On January 21, somewhere in Germany, the truck driver transporting the container packed with Shimano’s finest pulled into a rest stop. Like something out of...
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February 8, 2022
Alchemy Bikes Creates Certified Service Center Network with Beeline Connect
Denver, Colorado (February 8, 2022) /ENDURANCE SPORTSWIRE/ - In an innovative effort to improve service options on their direct-to- rider bikes, while also advancing its commitment to bike shops, Alchemy Bikes is excited to announce it is expanding its relationship with Beeline Connect to establish a nationwide network of Certified Alchemy ...
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February 8, 2022
CREDO Tri Forms a Partnership with Hyperspace Ventures
Fort-Lauderdale, FL February 8th, 2022 /ENDURANCE SPORTSWIRE/ - CREDO Tri, the revolutionary motivational triathlon app, announced today the company has inked an equity partnership with Hyperspace Ventures, a software development and venture capital firm specializing in sports tech. Launched in December 2021, CREDO Tri is the only provider of daily motivational...
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February 8, 2022
Outside Interactive, Inc. Appoints Daniel Benson as New Editor-In-Chief of VeloNews
BOULDER, CO — February 8, 2022 /ENDURANCE SPORTSWIRE/ - VeloNews, a leader in competitive cycling news, race results, and bike reviews, and owned by Outside Interactive, Inc., today announced the appointment of Daniel Benson as the new Editor-In-Chief. As the previous Editor-In-Chief at CyclingNews, a major news site for racing...
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February 8, 2022
RunSignup Introduces TicketSignup, a Free Ticket Event Platform
/ENDURANCE SPORTSWIRE/ -RunSignup is proud to announce TicketSignup, an offering that provides event directors with an intuitive and free event ticketing option that works for simple, complex, and multi-day events. TicketSignup provides event directors with all the tools they need for a successful event, including free email marketing, free websites,...
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February 7, 2022
ShowcasedChamois Butt’r welcomes Aaron Apel from Gravel City Adventure & Supply Co. to its growing Operations Team
Pleasant Valley, MO /ENDURANCE SPORTSWIRE/ - Chamois Butt’r is growing its Kansas City staff to seven, with the addition of Aaron Apel. Aaron joins the Chamois Butt’r operations team to work directly with Chamois Butt’r Chief Operating Officer, Curt Shelman. “Aaron will focus on implementation of organizational and strategic initiatives that...
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February 7, 2022
USA Cycling Partners with Fast Talk Labs and Joe Friel for New Coaching Development and Education Platform
February 7, 2022 – Boulder, Colorado, USA /ENDURANCE SPORTSWIRE/ - USA Cycling and Fast Talk Laboratories have announced a new partnership to improve cycling coach development and education. Through this partnership, all active USA Cycling licensed coaches get free access to Fast Talk Laboratories and its growing knowledgebase that includes...
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February 7, 2022
Pro Triathlete and Paralympic Guide Jillian Elliot Joins Team MPI Coaching Team
Boise, ID (February 2022) /ENDURANCE SPORTSWIRE/ - Team MPI is thrilled to welcome professional triathlete and paralympic guide Jillian Elliot to the coaching team! Jillian brings a wealth of experience racing around the world. During her professional career, she specialized in non-drafting Olympic distance races. Jillian enjoyed great success in...