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.
February 10, 2025
Sweat-Tech Wearable Epicore Biosystems Raises $26M
Epicore Biosystems, known for its sweat-sensing wearables, has secured $26 million in a Series B led by the Steele Foundation for Hope (SFFH). Athletech News
February 6, 2025
Brooks Says It Was the Top ‘Adult Performance Running Shoe Brand’ in US in 2024, Led Specialty Channel in Q4
According to the Seattle-based performance running brand Brooks, reported revenue was up 9 percent year-over-year, fueled by growth in every region and channel. This outcome marked eight consecutive years of growth for the running brand, which delivered a 13 percent compound annual growth rate over that horizon. FN
February 6, 2025
Vuori to Add U.S. Warehouse Due to U.S. Trade Tensions with Mexico
Fallout from the tariffs imbroglio has already led to delayed spring shipments for Vuori, one of the hottest brands in the market. The Encinitas, California-based brand recently told retailers that it will be opening a second distribution center in the United States after current trade tensions between the U.S. and Mexico...
February 6, 2025
Under Armour Shares Rise After Q3 Beat on Estimates; Raises Fiscal 2025 Outlook
Under Armour, Inc. raised its sales and EPS guidance for its fiscal year ended March 31 after third-quarter results topped expectations. Sales were down 6 percent in the quarter with an 8 percent decline in the North America region. Revenue was down 6 percent to $1.4 billion (down 6 percent...
February 5, 2025
Non-electric bike imports increased 17% last year
After steep declines in 2022 and 2023, the number of non-electric bikes imported last year increased 16.7% to 11.1 million units, according to import statistics released Wednesday. Bicycle Retailer
February 3, 2025
Trump brings Mexico and Canada into his trade war: What will that mean to the bike industry?
President Donald Trump followed through on recent threats and announced increased tariffs on goods from China, Mexico and Canada on Saturday. Bicycle Retailer
January 30, 2025
Hoka and Ugg Parent Raises Full-Year Guidance After Strong Fiscal Q3
Deckers Brands shares fell in the mid-teens on Thursday afternoon, January 30, after the company reported fiscal third-quarter results for the three-month period ended December 31, 2024. Net sales increased 17.1 percent to $1.83 billion compared to $1.56 billion in the prior-year Q3 period. On a constant-currency (cc) basis, net...
January 29, 2025
QBP lays off about 2% of its workforce
Quality Bicycle Products reduced its workforce by 2% on Wednesday. A spokesperson for the distributor said the reduction was "to ensure our long-term sustainability and success as we continue to navigate the powerful, unpredictable economic pressures and unsteady shifts confronting the bicycle industry." Multiple QBP departments were affected, the spokesperson...
January 29, 2025
No more rainbow bands’ for US bike brand after UCI agreement ends
After 30-plus years of a logo synonymous with victories at Union Cycliste International (UCI) World Cup and Championship races, the time has come for Ritchey — in accordance with UCI regulations — to retire the iconic rainbow stripes that dignify world champions in all cycling disciplines. Cycling Weekly
January 28, 2025
It’s Starting to Pay to Be Good at Cornhole
Cornhole is a staple at tailgates and backyard barbecues: Players toss square beanbags onto a two-by-four wooden board and into a round hole for extra points. Front Office Sports