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.
May 9, 2023
Orbea’s annual report shows $438M in sales, 1,000-plus employees
Orbea has doubled its workforce in the last three years and now has more than 1,000 employees, with 80% of the in Spain's Basque Country. The brand, which is organized as a cooperative, reports 2022 sales of 400 million euros ($438 million), with 85% coming from export markets. After taxes,...
May 9, 2023
Sports And Hollywood Stars Join Forces to Crush Cancer at The 11th Annual Tour De Pier
LOS ANGELES, Calif., May 9, 2023 – The 11th Annual Tour de Pier, a unique outdoor stationary cycling fundraiser is pleased to announce its star-studded lineup. The award-winning fitness fundraiser for Outstanding Special Event welcomes sports and Hollywood stars in helping create awareness about advancing cancer research. Celebrities scheduled to...
May 8, 2023
Altra Running Appoints Joe Toth as Head of Sales, North America
May 8th, 2023 – Denver, Colorado /ENDURANCE SPORTSWIRE/ - Altra Running, a VF Corporation brand, today announced the appointment of industry veteran Joe Toth to the position of Head of Sales, North America. Toth will lead Altra’s North American sales strategy with responsibility for the wholesale channel in both the...
May 5, 2023
Adidas Beats Revenue Expectations Despite Costly Yeezy Struggles
Adidas’ Yeezy crisis has hit the company hard — but its first-quarter financials were not as bad as expected. The sportswear giant reported $5.82 billion in Q1 2023 revenue — a 1% dip from $5.85 billion a year prior. Those numbers actually outperformed projections from financial analysts, who expected a...
May 4, 2023
Peloton Touts Subscriber Growth Amid Heavy Losses
Peloton CEO Barry McCarthy described its fiscal quarter as the best he has seen with the company, but investors were left cold. The connected fitness giant booked $748.9 million in the fiscal third quarter ending March 31, missing analyst expectations and causing the company’s stock to tumble 13.5%. Peloton lost an...
May 3, 2023
Shimano reports 16.8% fall in bike-related sales for Q1 of 2023
Shimano has released its financial results from Q1 of 2023, showing a 16.8% fall in sales in its bike division. The company also reported it was down 31.8% in operating income in the same sector. In its bike segment, net sales were 98,298 million yen – around £580 million –...
May 3, 2023
Brooks Running Continues Growth in Q1 With Record Sales in EMEA Region
Brooks Running is continuing its growth in the first quarter, after a record 2022. In the first quarter of 2023, the Seattle-based performance running brand reported 20 percent year-over-year global revenue growth, including a record 32 percent increase in the Europe, Middle East, and Africa (EMEA) region. FN
May 3, 2023
Boulderthon® Speeds Towards Continued Growth with the Launch Of Small Business Bonds™ With SMBX
Boulder, Colorado, May 3, 2023 /ENDURANCE SPORTSWIRE/ - Boulderthon®, the fastest-growing running series in Colorado, is giving people a chance to invest through a crowdfunding campaign on the SMBX marketplace. The race is the first running event to launch on the platform, marking a new growth strategy for the running...
May 2, 2023
Tifosi Optics Welcomes Veteran of Cycling Industry to Lead Sales
Watkinsville, GA (May 2, 2023) /ENDURANCE SPORTSWIRE/ – Tifosi Optics, the #1 selling brand of cycling eyewear in the United States, is pleased to announce the recent hiring of Rick Dyer, as Director of Sales. A staple of the cycling industry, Dyer will bolster existing partnerships while expanding Tifosi’s presence in other...
May 2, 2023
UltraSignup steps into new territory, producing livestream coverage of the 2023 Broken Arrow Skyrace
May 2, 2023 – Nashville, TN /ENDURANCE SPORTSWIRE/ – Today, UltraSignup and The Broken Arrow Skyrace announced that UltraSignup will act as producer for livestream coverage of The Broken Arrow Skyrace. UltraSignup, the leading race marketplace and registration platform for endurance events, will produce the livestream for The Broken Arrow Skyrace in June...
