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.
October 28, 2021
Olympics Draws $1.8 Billion in Revenue, But Comcast Mum on Profit
The long-delayed Tokyo Olympics paid off handsomely for NBCUniversal, as the company booked $1.76 billion in revenue over the course of the 17-day event. That marked a 9% increase compared to the $1.62 billion NBCU generated during the 2016 Summer Games in Rio. However, Comcast did not confirm that it had made a...
October 27, 2021
Fitness Segment Boosts Garmin’s Revenue to $1.19B
Garmin reported $1.19 billion in third-quarter revenue Wednesday — with net sales for its fitness segment growing 4% to more than $342 million. During the first three quarters of 2021, the company’s net fitness sales increased 26% from the same period last year. Known for its GPS devices, Garmin is making strides...
October 27, 2021
Shimano sales up 54% through first 9 months
Sales in Shimano's bicycle division were up 54% in the first three quarters of the company's fiscal year, compared to the same period last year. "Strong demand for bicycles remained at high levels in all markets, against a backdrop of the global cycling boom, triggered by the spread of COVID-19,"...
October 26, 2021
NPD Sees Performance Footwear Sales Climb 15 Percent In Third Quarter
The NPD Group reported total U.S. performance footwear sales grew 15 percent in the third quarter while leisure footwear sales climbed at a slightly lower rate. Fashion footwear sales continued to underperform, decreasing high-single-digits. The 15 percent gain in performance footwear marked a slow down from the 31 percent jump...
October 26, 2021
Apple Expands Fitness+ as Brick-and-Mortar Gyms Bounce Back
Apple Fitness+ is expanding to 15 new countries as the at-home fitness movement persists alongside the return of gyms. The company has paired its subscription workout program with its signature wearable, offering six months of Apple Fitness+ with an Apple Watch purchase. The Watch tracks biometrics such as heart rate,...
October 24, 2021
Italy have bikes stolen at UCI Track Cycling World Championships
A total of 20 bikes belonging to Italy’s cycling team and valued at several hundred thousand euros have been stolen during the International Cycling Union Track Cycling World Championships in French city Roubaix. Thieves stole 15 track bikes and five others on Friday evening (October 22) from a hotel in...
October 22, 2021
Shimano warns that ‘clearance’ web store is fake
Shimano says a website that appears to be offering clearance Shimano bike and fishing gearing is not legitimate. The company said consumers should beware of shimano-clearance (dot) store. BRAIN
October 22, 2021
Paris To Become 100% Cycling City Within Four Years, Reveals New Plan
Paris is to increase the number of protected cycleways in the city as well as boost bicycle parking spaces, reveals the 2021-2026 cycling plan published October 21 and billed as Plan Velo: Act 2. The desire is to make the French capital—not that long ago a city that was toxic...
October 21, 2021
How Hoka One One Digitized Its Product-to-Market Process
Before the pandemic, Hoka traveled to other countries to bring together global teams of designers, developers, product managers, merchandisers, marketers and salespeople to review prototypes, finalize a go-to-market strategy, and ultimately celebrate a launch. All that changed when Hoka took its major milestone meetings virtual and was able to offer...
October 19, 2021
Fleet Feet Adds Florida Locations With Acquisition Of FITniche
Fleet Feet announced that it has successfully acquired specialty running retailer FITniche and its three locations in the Tampa, FL area. Under company ownership, these locations will bring Fleet Feet’s count of Florida stores to ten as the brand launches its personalized services and community outreach programs to a new...
