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.
October 26, 2022
Life Time Is Biggest Operator of Pickleball Courts in the Country
Life Time, Chanhassen, Minnesota, now has more than 350 permanent pickleball courts in the United States with plans to have 600 open by the end of 2023, the company said on Oct. 25. Since August 2021, Life Time has built indoor and outdoor pickleball courts at a rate of five...
October 26, 2022
NPD Reports Q3 Footwear Revenues Flat
In the third quarter of 2022, U.S. footwear industry sales revenue was flat at $10.8 billion, versus Q3 2021, according to global marketing group The NPD Group. While sneakers continued to capture the largest piece of the footwear business, fashion shoes and sandals were the top growth categories in Q3, based on...
October 26, 2022
Garmin Raises 2022 EPS Guidance On Improved Margin Outlook
Garmin, Ltd. reported sales declined 4 percent in the third quarter ending September 24, dragged down by an 18 percent slide in the fitness segment. Second-quarter earnings topped Wall Street estimates and Garmin lifted its full-year EPS outlook on an improving margin outlook. SGB Media
October 26, 2022
Destination Sport Experiences celebrate one year in business
26th October 2022 (Manchester, UK) /ENDURANCE SPORTSWIRE/ – Founded in October 2021, Destination Sports Experiences is headed up by Managing Director Brendan Fox, who has over 20-years experience in the active travel industry. Sitting under the well renowned Portman Travel Group, the expert team offer travel packages for those looking to...
October 25, 2022
Kanye West split will cost adidas over $1B in Annual Sales
Adidas’ decision to end its partnership with Kanye West and immediately stop selling his Yeezy brand, due to West’s recent antisemitic and other hateful comments, will likely cost the company billions of dollars in annual sales and could set up a legal battle over the intellectual property behind the fashion...
October 25, 2022
Shimano says bike demand “cooling” but ahead of pre-Covid levels
Shimano has described global demand for bikes as “cooling” in its Q3 financial update, but to levels that remain ahead of pre-pandemic trends. As the industry rumour mill whispers of signs of strain, Shimano said that from its view “in terms of market inventories of completed bicycles, those of high-end...
October 25, 2022
Sports Drinks Boost Coca-Cola to $11B Quarter
Coca-Cola continues to rack up revenue from its sports drinks segment. The beverage giant generated $11.1 billion in revenue in Q3 2022 — a 10% increase year-over-year and surpassing Wall Street estimates of $10.52 billion. Sports drinks — which include BODYARMOR, Powerade, and Aquarius — grew 6% during the quarter....
October 25, 2022
Burrowes Brothers Bikes officially opens in Brooklyn
Brooklyn NY — October 25, 2022 /ENDURANCE SPORTSWIRE/ – Burrowes Brothers Bikes officially opened its doors in Brooklyn. The community bike shop located at 755 Flatbush Avenue is two blocks from Prospect Park and steps from major bike commuting routes on Ocean Avenue, Bedford Ave, and Flatbush Ave. The shop will serve...
October 25, 2022
Fleet Feet Named in Fast Company’s Second Annual List of “Brands That Matter”
CARRBORO, N.C., October 25, 2022 /ENDURANCE SPORTSWIRE/ – Fleet Feet announced today it has been named to Fast Company’s second annual Brands That Matter list for having an indisputable impact on business and culture. Honored in the Retail category, Fleet Feet is recognized for its unique ability as a community retailer to forge...
October 24, 2022
Cowen Survey: Nike, Lululemon and Dick’s SG Seize Share With Younger Consumers
According to Cowen’s Fifth Annual proprietary Gen Z and Millennial survey, Nike, Lululemon and Dick’s Sporting Goods showed the strongest competitive positions and/or growth in preference among younger consumers within softlines retail. The survey, conducted in July 2022, had 2700 U.S. consumers participate. SGB Media
