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.
November 17, 2022
Outside Inc makes 12% workforce cut on advertising slowdown
Outside Inc – the parent publisher to VeloNews, CyclingTips, PinkBike, B2B Bicycle Retailer and Industry News, plus the Trailforks platform – has announced a number of staff layoffs this week. Among those laid off are senior journalists across the portfolio Caley Fretz, Dave Rome, Matt de Neef and Daniel Benson,...
November 17, 2022
Chasing Watts Releases version 3.0 of the growing app that connects cyclists to local group rides
Houston- November 2022/ENDURANCE SPORTSWIRE/ - Version 3.0 Available now in the Apple App store and Android market, Chasing Watts is the premier cycling app connecting cyclists with group rides. Riders of all types can quickly find, create, or join local rides to grow their personal cycling ecosystems. Within Chasing Watts,...
November 16, 2022
Fourth Annual Endurance Exchange Returns in Person to Austin, Texas, Jan. 23-26
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ - USA Triathlon’s fourth annual Endurance Exchange presented by BOA Nutrition, an industry-wide conference for endurance sports athletes and professionals, will be held in person Jan. 23-26 in Austin, Texas. “Pack clothes you can move in! This year will feature hands-on, practical experiences and workshops...
November 16, 2022
Peloton Expands Relationship with Amazon in the UK and Germany
LONDON, Nov. 16, 2022 -- Peloton Interactive, Inc. (NASDAQ: PTON) today announced the expansion of its collaboration with Amazon. The Peloton Bike, Guide, and select accessories are now available for purchase in Amazon's UK store. Peloton will also launch in Amazon's German store in the coming weeks. As part of the Amazon experience,...
November 16, 2022
Rad Power Bikes CEO Mike Radenbaugh replaced by former Sony leader Phil Molyneux
Rad Power Bikes CEO Mike Radenbaugh is stepping down from his position at the Seattle-based e-bike company. Rad confirmed to GeekWire that Radenbaugh is being replaced by Phil Molyneux, who was hired as president and COO earlier this year. Molyneux previously was president at Sony Electronics and Dyson America. He was most...
November 16, 2022
On Running Is on Track to Become Billion-Dollar Brand After Strongest-Ever Quarter
On, the fast-growing Swiss running brand, just reported its strongest quarter yet. Q3 sales were up 50.4% to 328 million Swiss francs, or $348 at current exchange, and net income increased to 20.6 million Swiss francs, or about $21.88 million. By channel, DTC net sales were up 40.7% and wholesale...
November 16, 2022
BibBoards Helps Events Increase Revenue On Race day
/ENDURANCE SPORTSWIRE/ - BibBoards are well known for its great products that improve race day. What you may not know is how easy and beneficial it can be to partner with BibBoards to create custom BibSNAPS for your event or business. Partnering with BibBoards is a surefire way to get...
November 14, 2022
Banff Jasper Relay partners with Multisportscanada
Calgary, AB, November 14 2022 /ENDURANCE SPORTSWIRE/ – Multisportscanada, a sport and event management company with over 25 years experience, is excited to announce a new partnership with the Banff Jasper Relay to Run the most beautiful relay in the world. "This is an exciting moment for the Banff Jasper Relay...
November 11, 2022
Aventon eBike label reportedly gains Sequoia Capital backing
The electric bike brand Aventon has reportedly drawn the interest and investment of Sequoia Capital’s Chinese arm. For Aventon the investment reportedly takes the company’s valuation from $200 million eight months ago when China’s Gao Rong Capital invested to a post-investment valuation of $590 million, according to sources tapped by...
November 11, 2022
Fitness Chains Continue Pandemic Recovery In Q3
Planet Fitness, Xponential Fitness and Life Time Group Holdings all raised their full-year guidance and reported a strong uptick in revenues and membership growth in the third quarter, although membership activity has yet to return to pre-pandemic levels. Executives on analyst calls said they remain bullish on continued improvement in...