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 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
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
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
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
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
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
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
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
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...
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...
