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.
June 28, 2021
Amazon’s Growing Fitness Ambitions
Amazon is looking for a Head of Fitness Programming to join its Halo team — the group leading the company’s new wave of fitness services. Halo, a fitness band and subscription service, made its debut last August. The device helps users assess their overall health and movement; the subscription offers hundreds of exercise, sleep,...
June 28, 2021
Fitness companies back in business with IPOs
The last week has seen a number of companies in the fitness industry making comebacks with public offerings or announcing intent to do so: Pure Barre parent Xponential Fitness seeks IPO likely valuing firm at some $1.3B Seeking Alpha Beachbody went public via a three-way business combination with Peloton competitor...
June 24, 2021
NIKE Reports Huge Revenue Gains in Latest Financial Results
Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to $44.5 billion. Businesswire
June 23, 2021
UCI suspends Doltcini-Van Eyck manager Marc Bracke for three years in harassment case
Doltcini-Van Eyck general manager Marc Bracke has been handed a three-year suspension for violating the UCI’s code of ethics following an investigation into allegations of sexual harassment. VeloNews
June 23, 2021
As Number of Gym Goers Rise, At-Home Fitness Wanes
ym chains like Planet Fitness, 24 Hour Fitness, and Orange Theory are seeing a long-awaited revival — partly at the expense of Peloton and other at-home brands. Front Office News
June 17, 2021
Continued Malaysia lockdown means Shimano and Kent will keep factories closed through June 28
The Malaysia government has ordered a COVID-19 lockdown to continue at least until June 28, extending the closure of bike factories there by at least another two weeks. BRAIN
June 15, 2021
Malaysia lockdown for Shimano and Kent continues
Malaysia lockdown for Shimano and Kent continues
June 15, 2021
Taiwan e-bike exports up 44% in first 5 months, exceed regular bike exports
Taiwan exported $555 million worth of e-bikes in the first five months of 2021, up 44% from the same period in 2020, the country's Ministry of Finance announced. Exports of regular bikes totaled $525 million, up 38% from the same period last year. BRAIN
June 14, 2021
Bike Companies And Events Benefitting From Gravel Craze
According to data from The NPD Group, year-over-year sales of cyclocross/gravel bikes are up 96 percent through March 2021, with the category capturing 35 percent of the overall road bike category, second only to performance road bikes. Find out why on SGBMedia
June 12, 2021
Danish safety video is the best PSA we’ve seen promoting bicycle helmets
A video by the Danish Road Safety Council is quite brilliant, and a fun reminder that everyone should be wearing helmets when they ride. Even if they’re a careful rider…or a Viking. BikeRumor
