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.
January 14, 2025
New Balance Sales Reach Record $7.8 Billion in 2024, CEO Joe Preston Says
According to Preston, the Boston, Mass.-based athletic company achieved global annual sales of $7.8 billion, a 20 percent increase from the prior year. Footwear News
January 13, 2025
Lululemon Now Beating Prior Expectations for the 2024 Fourth Quarter
Lululemon Athletica, Inc. reported that net revenue for the fourth quarter of fiscal 2024 will be in the range of $3.56 billion to $3.58 billion, representing growth of 11 percent to 12 percent compared to the fourth quarter of fiscal 2023, or growth of 6 percent to 7 percent excluding...
January 10, 2025
Wellful Expands Portfolio with Ancient Nutrition Acquisition
Wellful secured Ancient Nutrition from VMG Partners, Hillhouse Investment, and other investors, bolstering its portfolio that features prominent brands such as Nugenix. Athletec News
January 10, 2025
EXEC: Giant Group Ends 2024 on Another Down Note as Q4 Sales Fall 8.6 Percent
The Giant Group posted its most positive month in December since a small increase August 2024 but the overall 2024 business is still failing to build back against the significant declines in 2023. SGB Media
January 10, 2025
They’re Back! The Pro’s Closet 2.0 is Live and Just Sold Their First Bike
After the hoopla of closing its doors, and selling off everything in the building, The Pro’s Closet (TPC) is back and ready to roll. Bike Rumor
January 8, 2025
Factor receives cease and desist letter over its most recent race bike release
A recent product launch by Factor Bikes has sparked controversy within the cycling community, as its newly announced "OSTRO VAM Scarab" has drawn criticism for its name and branding. Colombian custom frame builder Scarab Cycles, known globally for its vibrant, handcrafted bicycles, has expressed concern over the striking similarities between Factor’s branding and...
January 8, 2025
Scam Alert: Websites Mirror Legit Brands, Deliver Nothing
Last week, high-end cycling brand Rapha posted an official statement warning customers of counterfeit and imposter websites claiming sales of its products. GearJunkie
January 8, 2025
Brooklyn Half Marathon Wins Battle Against Brooklyn Half Marathon
The NYCRuns Brooklyn Half Marathon will now be called the NYCRuns Brooklyn Experience Half Marathon, the organizer announced. Front Office Sports
January 3, 2025
New York Introduces Consumer-Friendly Gym Cancellation Law
New York Governor Kathy Hochul has signed five new laws in the state, including one requiring gyms and health clubs to process membership cancellations and issue refunds within ten business days of receiving notice. Effective February 1, the new law – introduced at a time when gyms and health clubs...
December 24, 2024
GT Bicycles planning to ‘pause’ new product releases and reduce workforce
In some more bad news for the industry, GT Bicycles, which separated from Cycling Sports Group/Cannondale to a stand-alone Pon Holdings brand in 2023 with its own design team, is reported to be pausing releasing new products while streamlining its operations. In a recent statement to the cycling press, GT...