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 23, 2021
Alpenrose permanently closes its Velodrome, an institution for Portland’s cycling community
In a Facebook, Alpenrose Velodrome director Jen Featheringill and Oregon Bicycle Racing Association executive director Chuck Kenlan released a statement informing friends of the Southwest Portland facility that the Alpenrose Dairy property has been closed permanently for events and all other uses. Oregon Live
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February 23, 2021
Pocket Outdoor Media raises $150 million from Sequoia Heritage
Pocket Outdoor Media, home to 22 active lifestyle publications and several technology groups, raised $150 million in a Series B funding round led by Sequoia Heritage to fuel its recent acquisitions. Axios
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February 23, 2021
Mad Dogg Athletics Calls Peloton’s Trademark Cancellation Action Meritless
Mad Dogg Athletics Inc. responds to the trademark cancellation petition filed last week by Peloton Interactive over Mad Dogg’s trademark for the words “Spin” and “Spinning.” SGB Media
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February 23, 2021
Interest In Peloton’s Fitness Apparel Is Rising
Interest In Peloton's fitness apparel is rising. Last quarter, the company sold 600,000 units of branded apparel. Front Office News
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February 23, 2021
Introducing the All-New Pivot Trail 429
Tempe, AZ – The new Pivot Trail 429 defies categorization, and smashes KOMs. Mixing the progressive geometry and handling of longer travel all-mountain sleds with the responsiveness and speed of dedicated race rigs ushers in a new breed of hyper-capable trail bike. The new Pivot Trail 429 is a potent,...
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February 23, 2021
Professional Triathletes Organisation Partners with Yougov Sport for Collins Cup Media Impact Reporting & Analysis
LONDON, ENGLAND: The Professional Triathletes Organisation (PTO) announced that it has commissioned specialist research and data analytics experts, YouGov Sport to provide an analysis of the media and economic impact for the organisation’s inaugural flagship event – The Collins Cup. The Collins Cup is a new race format modelled after the...
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February 22, 2021
Pocket Outdoor Media Closes Major Acquisitions, Rebrands as Outside
Boulder, Colorado — February 22, 2021 — Pocket Outdoor Media (POM), the world's leading creator of active lifestyle content and experiences, today announced the following acquisitions that significantly expand the scope of its audience and range of services provided to customers and partners: Outside Integrated Media, the iconic producer of...
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February 22, 2021
SRAM acquires Time road and mountain bike pedal business
SRAM has purchased clipless pedal manufacturer Time from the Rossignol Group. The acquisition includes the entire range of road and mountain bike pedal systems, Time’s shoe range and all associated intellectual property. bikeradar
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February 22, 2021
Hylete’s Revenues Slide 12 Percent In 2020
Hylete, the direct-to-consumer fitness apparel brand, reported sales of $11.1 million in 2020, down 11.9% from $12.6 million in 2019, gross margin of 51% in Q4 2020 versus 43% in Q4 2019 and Q4 2020 net revenues of $3.3 million versus $4.1 million for Q4 2019. SGB Media
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February 22, 2021
KINeSYS Champion Applications Open for 2021
Vancouver, Canada - KINeSYS Performance Sunscreen is preparing for the launch of its 2021 Ambassador Program. Now in its third year, the hugely successful program will once again be growing the Champion community, and featuring over 80 Ambassadors. KINeSYS is inviting individuals to apply from Canada, the USA and Australia,...
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February 19, 2021
Bikerumor merges with GearJunkie, Switchback Travel & more!
Bikerumor has joined Lola Digital Media, aligning with leading outdoor sites like GearJunkie, Switchback Travel, AutoWise, iRunFar, and others to create the AllGear Media Group. BikeRumor
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February 19, 2021
Emerald’s New CEO Sees Digital Shift Supporting 365-Day Engagement
Hervé Sedky, the new president and CEO of Emerald Holding, sees “early signs of a comeback” with two shows, including Surf Expo Winter, delivering 365-day customer engagement with digital tools rolled out over the pandemic. SGB Media
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February 19, 2021
GSI Outdoors Launches Sustainable Line of Wooden Chef’s Tools, Tableware and Kitchen Sets
Spokane, Wash. — GSI Outdoors today launched its most sustainable line of tableware and kitchen tools. The seven-item line of products, called the Rakau Collection, is made from a variety of sustainably-sourced FSC wood, and eco-friendly, recycled materials. The collection consists of a 3-piece Cutlery Set, a Spatula, a Chef...
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February 18, 2021
Emerald Holding Posts Q4 Loss
Emerald Holding Inc. recognized a net loss of $58.1 million for the fourth quarter of 2020 compared to a $68.2 million net loss for the fourth quarter of 2019. Revenue was $12.2 million compared to $44.9 million for the Q4 2019. The decrease primarily reflected a $32.7 million reduction from...
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February 18, 2021
Planet Fitness: 4Q Earnings Snapshot
Planet Fitness Inc. reported fourth-quarter profit of $8.7 million. On a per-share basis, the company said it had profit of 11 cents. Earnings, adjusted for non-recurring costs, were 17 cents per share. Revenue was $133.8 million in the period, and for the year, the company reported a loss of $15...
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February 18, 2021
Sports Media Embraces Paywall Trend. Paywalls
Paywalls, which only grants access to a site to users who have paid to subscribe, have been posited as a potential savior for media outlets in a volatile industry. A reported 76% of U.S. newspapers had paywalls in 2019, up from 60% two years earlier. Front Office Sports
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February 18, 2021
The Tokyo Olympics Appoint Seiko Hashimoto As Chief
The Tokyo Olympics are making a major statement in Japan - they’ve put a woman in charge, right after former chief Yoshiro Mori resigned last week following scrutiny over sexist remarks. Seiko Hashimoto, a former Olympic bronze medalist in speedskating, was appointed as the new president of the Tokyo Olympic...
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February 18, 2021
Jack Wolfskin Appoints Will Lachenauer As New Sales Representative
Park City, UT (Feb 18, 2020) — Jack Wolfskin, a globally recognized performance apparel and gear manufacturer centered on sustainability, is pleased to announce a new addition to the North American sales team, Will Lachenauer. Lachenauer, the founder of the LG3 sales agency, will be in charge of retail sales...
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February 18, 2021
Latest Fitness Tech EnvisionBody Connected Fitness Reveal Washington Post
TAMPA BAY, Fla., Feb. 18, 2021 / Salina Ray, owner of EnvisionBody was interviewed by The Washington Post regarding edgy AR/AI technology and fitness. Dalvin Brown, innovations reporter for the Washington Post, wrote, Imagine burning calories on the latest, trendy stationary bike to tackle your New Year’s fitness resolutions. Your...
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February 18, 2021
Professional Triathletes Organisation announces appointment of Christophe Balestra as Chief Technology Officer
LONDON, ENGLAND: The Professional Triathletes Organisation today announced that it has appointed Christophe Balestra as its Chief Technology Officer to lead the PTO’s technical operations. Balestra’s focus will be the integration of the latest innovations in sports broadcast technologies to PTO broadcast platforms. Balestra spent 10 years as Co-President of...
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February 18, 2021
VF Corporation appoints Jan Van Mossevelde as Global Brand President, icebreaker®
DENVER –February 18, 2021– VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced the appointment of Jan Van Mossevelde to the position of Global Brand President, icebreaker®. Van Mossevelde will be based in the brand’s home market of Auckland, New Zealand. He will...
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February 18, 2021
Hyperice Announced as Official Recovery Partner of Colnago Gran Fondo National Series
(Gettysburg, PA – February 18, 2021) The Colnago Gran Fondo National Series today announced a strategic partnership with Hyperice, the leader in recovery and performance technology and innovators of percussion, vibration, and thermal technology. Through education and access to Hyperice products, the partnership will enhance athlete performance and experience at...
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February 18, 2021
Race Day Events is Heading East with Acquisition
Race Day Events based in Fitchburg, WI is happy to announce the acquisition of a portfolio of events and timing operations from Endurance Evolution. According to Ryan Griessmeyer, President of Race Day Events, “We have known Joel for a while, when he approached us about joining forces, we were very...
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February 17, 2021
January retail sales show strong increase
Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, according to the National Retail Federation. Shop Eat Surf
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February 17, 2021
This year is very different for the hundreds of marathons taking place. Here is a look at how two major marathons are handling the registrations in very different ways. Running with Miles
This year is very different for the hundreds of marathons taking place. Here is a look at how two major marathons are handling the registrations in very different ways. Running with Miles