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.
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November 1, 2023
Garmin Lifts Outlook On Q3 Beat
Garmin, Ltd. raised its guidance for the year as third-quarter results topped expectations. Among segments, fitness sales grew 26 and Outdoor advanced 7 percent while Marine declined 7 percent. Highlights for the third quarter 2023 include: Consolidated revenue of $1.28 billion, a 12 increase compared to the prior year quarter...
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November 1, 2023
Brooks Running Eyes Return to Double-Digit Growth In 2024
Brooks Running’s global revenue grew 5 percent in the first nine months of 2023, with North America revenue increasing 7 percent. The Seattle, WA-based running brand, owned by Berkshire Hathaway, reported it remains the leading running footwear brand across U.S. retail and forecasted a return to double-digit growth in 2024....
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November 1, 2023
How Brooks Plans to Achieve Double-Digit Growth in 2024 As the Running Market Heats Up
While other running brands such as Hoka and On have been generating big buzz, Brooks continues to show solid gains. As of the third quarter, Brooks’ global revenue grew 5 percent year-to-date, with North America revenues increasing 7 percent. Internationally, Brooks’ revenue increased 22 percent in France and the United...
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November 1, 2023
Angel City FC Launches Performance Optimization Solution From Kitman Labs
Menlo Park, California and Los Angeles, CA (November 1, 2023) /ENDURANCE SPORTSWIRE/ – Kitman Labs, the global enterprise SaaS platform providing the only single, centralized operating system for performance intelligence in the elite performance industry, today announced a new relationship with LA-based, NWSL club, Angel City Football Club. On the heels...
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November 1, 2023
Gran Fondo National Championships Among 18 Championships Announced by USA Cycling
(Gettysburg, PA – November 1, 2023) /ENDURANCE SPORTSWIRE/ - The 2024 US Gran Fondo National Championships was one of 18 championships revealed by USA Cycling for the 2024 season. Organized by Gran Fondo National Series for the fourth year, the 2024 Gran Fondo National Championships is scheduled for September 15,...
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November 1, 2023
Chargel Powers Up for the November Race Series with Sponsorships and Sampling at Signature California Races this Month
IRVINE, Calif. (Nov. 1, 2023)/ENDURANCE SPORTSWIRE/ - Chargel, the caffeine-free, pocket-sized and easy-to-consume athletic gel drink, announced its November competitive race station lineup as Chargel aims to expand its scope among the athletic community with onsite attendance and product sampling. November’s Chargel Station will continue the fall racing season at Bike...
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November 1, 2023
ASICS & World Athletics Announce New Conference: The Business of Running Events, Coming July 2024
London, ON (Wednesday, Nov 1, 2023) /ENDURANCE SPORTSWIRE/ - In partnership with World Athletics, ASICS is excited to present The Business of Running Events, a new conference for running and trail event industry professionals hosted in Colorado Springs in July 2024. The conference aims to provide an exclusive group of...
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November 1, 2023
In Motion Events shares the passing of Founder Lynn Flanagan
SAN DIEGO, Calif. /ENDURANCE SPORTSWIRE/ - In Motion Events founder Lynn Flanagan passed away in her home surrounded by her family on Oct. 6 at the age of 82. The running and walking event industry trailblazer launched her woman-owned and family-operated business in 1981, creating and supporting some of the...
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November 1, 2023
Treat Public Relations Launches New Online Course
MISSION VIEJO, Calif. /ENDURANCE SPORTSWIRE/ – Treat Public Relations has released Headlines and Finish Lines, a new online course designed to empower race directors and event organizers to drive more press coverage of their events. The course is composed of more than three hours of videos, downloadable templates and printable tip...
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October 31, 2023
DeFeet Moves Forward After QBP Departure
Hildebran, NC /ENDURANCE SPORTSWIRE/ - DeFeet is announcing the brand's departure from distribution by Quality Bicycle Parts (QBP). DeFeet will no longer be carried by QBP as the distributor adjusted the number of brands it carried in the second half of 2023 downward. “DeFeet enjoyed many years of mutually beneficial...
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October 28, 2023
Thule’s Profits Bounce Back in Third Quarter
Thule Group reported a strong recovery in earnings in the third quarter as sales rose 8.0 percent. Sales in the North American region decreased 15 percent on a currency-neutral basis. The Sweden-based maker of outdoor and transportation products reported net sales for the quarter amounted to SEK 2,311 million ($205.8...
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October 26, 2023
Hoka Continues to Drive Deckers Brands in Q2, Ugg Returns to Profit
Shares for Deckers Brands were up nearly 10 percent. The footwear company reported net sales in the second quarter of 2024 increased 24.7 percent to $1.09 billion, compared to $875.6 million the same time last year. Deckers also saw a bump in its direct-to-consumer channel, reporting an increase of 38.8 percent to...
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October 26, 2023
Skechers Beats Profit Expectations in Q3, Nets Record Sales Over $2B
Skechers reported record quarterly sales of $2.02 billion, which were up 7.8 percent from the prior year and ahead of the company’s previously outlined projection of between $1.95 billion and $2 billion. Net earnings were $145.4 million and diluted earnings per share were up 69.1 percent to $0.93. Skechers had been aiming...
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October 26, 2023
FloBikes Got Caught Sneaking Subscriber Data to Facebook. That Means You’re Owed Money.
If you woke up to an email about a class action lawsuit against FloSport, it was about their subscribers being notified that FloSports disclosed its subscribers’ personal information to Facebook via the Facebook Tracking Pixel, without its subscribers’ consent, in violation of the Video Privacy Protection Act (the “VPPA”). This...
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October 26, 2023
Enduro Bearings Announces Partnership with Cervelo Orange Living Cyclocross Team for the 2023/24 Season
Oakland, California (October 26, 2023) /ENDURANCE SPORTSWIRE/ - With a global group of ambassadors that includes athletes, mechanics and teams, Enduro Bearings is excited to add the Cervélo Orange Living Team to their roster. The Cervélo Orange Living Cyclocross program focuses on the future of the sport with a talented...
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October 26, 2023
RunSignup Timer Survey 2023 Now Open
Moorestown, NJ— October 26, 2023 /ENDURANCE SPORTSWIRE/ - RunSignup, the leading registration and technology provider for endurance events in the United States, launches its 2023 Timer Survey. This annual industry research survey, now in its 5th year, is the only research available that is specifically tailored to timers and offers...
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October 25, 2023
Life Time Group Holdings Inc (LTH) Reports Strong Revenue Growth in Q3 2023
Life Time Group Holdings Inc (NYSE:LTH) released its Q3 2023 earnings report on October 25, 2023, revealing a significant increase in total revenue and adjusted EBITDA. Despite a decrease in net income, the company's adjusted net income showed a remarkable improvement, turning from a loss in Q3 2022 to a...
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October 25, 2023
P3R Ignites Movement Revolution with Trailblazing NIL Partnerships: Six Local College Athletes Onboard to Fuel the Fire
PITTSBURGH (Oct. 25, 2023) /ENDURANCE SPORTSWIRE/ – P3R - the innovative engine behind Pittsburgh’s most exhilarating sporting events - is breaking new ground by signing Name, Image and Likeness (NIL) partnerships with six local college student-athletes for the 2023-24 academic year. P3R’s NIL Athlete program, now in its second year, continues...
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October 25, 2023
Kitman Labs Launches ‘The Football Intelligence Platform’ For Premier League Academies
London, England and Menlo Park, CA (Oct. 25, 2023)/ENDURANCE SPORTSWIRE/ – Kitman Labs, the sports technology and analytics company setting the industry standard for how elite sports organisations use data, today announced a new partnership with the Premier League. The partnership will provide all Premier League club academies with a centralised,...
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October 25, 2023
BibRave Expands Marketing Services Partnership with Race Day Events
Fitchburg, WI /ENDURANCE SPORTSWIRE/ – BibRave, the leading-edge endurance and fitness marketing agency, is excited to announce an expanded partnership with Race Day Events, the Midwest's event production leader to provide comprehensive marketing services for the organization’s extensive portfolio of running, cycling, and triathlon events. BibRave will manage essential aspects of...
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October 25, 2023
haku and Chicago Event Management Ink Multi-Year Partnership Extension
/ENDURANCE SPORTSWIRE/ - With events that include the Bank of America Chicago Distance Series comprised of the Chicago Marathon, Shamrock Shuffle, and Chicago 13.1 plus the BTN Big 10K and Race Management Program, Chicago Event Management has leveraged haku's best-in-class technology to deliver unparalleled experiences for participants, partners, spectators, and...
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October 24, 2023
Shimano’s Sales Tumble 20 Percent In Nine Months On Cycling Weakness
Shimano Inc.’s sales tumbled 19.8 percent in the nine months as sales in its Bicycle Components segment dropped 24.8 percent with the decline tied to high inventories in the IBD channel. The Japanese-based company nonetheless slightly raised its outlook for the year as orders in the back half weren’t as...
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October 24, 2023
Running Store Distance Lets Customers Steal — If They Can Outrun Its Security Guard
Running store Distance is allowing customers to steal products from its shelves — with a catch. On Sept. 13, the brand posted a sign outside of its store in Paris, which proclaimed “Rob It To Get It” as part of its latest campaign. Customers were allowed to steal items in-store...
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October 24, 2023
Matt Downin Joins RunSignup as Vice President of Business Development
Moorestown, NJ – October 24, 2023 /ENDURANCE SPORTSWIRE/ - RunSignup, the leading registration and technology provider for endurance events in the United States, is pleased to announce the newest addition to their team, Matt Downin, as Vice President of Business Development. Downin will apply his extensive background in the endurance...
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October 23, 2023
Sweatcoin appoints Endurance Zone to supercharge their in-app rewards
Sweatcoin, the move-to-earn fitness app, partners with Endurance Zone, a global leader in reward and engagement solutions for the sports, fitness, and health sector. This collaboration aims to enhance Sweatcoin’s in-app rewards, offering quality-focused offers that build on the existing suite of rewards. Users can expect an even more engaging...