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 27, 2021
Startup Talent Hack Raises $4.7 Million For B2C Fitness Platform
New York-based startup Talent Hack raised $4.7 million in seed funding for its brand-to-consumer fitness platform Spaces, with Global Founders Capital leading the funding round. Talent Hack provides software for fitness instructors and studios to deploy their services directly to customers. Front Office Sports
January 27, 2021
Hyperice Acquires Another Sports Recovery Firm
Hyperice is using its influx of investors to purchase San Diego-based thermal technology company RecoverX, developers of products that deliver heat and cold therapies in under a minute. The deal is valued in the eighth-figure range. Front Office Sports
January 26, 2021
NPD Report: Athletic Footwear And Activewear Sales Decline in 2020
U.S. athletic footwear dollar sales declined in the mid-single-digits in 2020 although sport-lifestyle, running, and golf outperformed, according to The NPD Group. Activewear sales were also down in the mid-single-digits for 2020, but sweatshirts and underwear posted gains. SGB Media
January 26, 2021
USA Triathlon of Colorado building sells for $4.65M
The 40,084-square-foot office building was sold to local investment group Dormie Capital Partners which plans to modernize its common areas and add amenities. The Colorado Springs Business Journal
January 25, 2021
Sports Illustrated poised to build paywall for readers
Starting Feb. 2, the venerable Maven-owned sports publication is expected to set up a metered paywall around much of its “premium content,” said sources. Front Office Sports
January 25, 2021
In the race for performance running, this brand could soon overtake Nike in the women’s market
The NPD Group Inc. senior industry adviser Matt Powell revealed that Brooks has the potential to pass Nike as the No. 1 women’s performance running shoe brand. Footwear News.
January 21, 2021
Nike Exits 280,000 Square Feet Of Office Space
Nike moved out of two offices, an 84,000-square-foot space at S.W. Karl Braun Drive and 195,000-square-foot space at S.W. Alan Blumlein Way, according to according to a report from the real estate firm JLL Capital Markets, which says that the ongoing COVID-19 pandemic has led to a rapid decline in...
January 16, 2021
Here’s why Joe Biden might not have his Peloton bike in the White House
Indoor training bike's camera, microphone and internet connection could pose security risk, say experts. VeloNews
January 15, 2021
Gainful Receives $7.5 Million in Series A Funding
Gainful, which offers personalized subscriptions for protein powder blends and hydration products, received the funding led by BrandProject and Courtside Ventures, with participation from AF Ventures, Round13 Capital, Barrel Ventures and the founder of Polaris Sports. Front Office Sports
January 15, 2021
RRW: Boston Marathon Race Director Now Directing Mass Vaccination Sites
With mass-participation running events on hold, longtime Boston Marathon race director Dave McGillivray has shifted his event-organizing skills to perhaps the most important race of the 21st century: getting every American vaccinated against COVID19, aiming to vaccinate a whopping 7,000 people a day. Lets Run
