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.
April 23, 2025
EXEC: Adidas Brand Posts 17 Percent Sales Gain in Q1 Excluding FX Shifts
Adidas reported preliminary results for the first quarter of 2025, indicating that revenues grew nearly €700 million year-over-year to €6.15 billion, compared to €5.46 billion in Q1 2024. In currency-neutral terms, company sales increased 13 percent year-over-year (y/y). Total company gross margin improved 90 basis points to 52.1 percent of...
April 22, 2025
Thule to lay off 22 workers in Colorado
Why is Thule, a major outdoor brand, laying off workers in Colorado? Get the inside story on potential shifts in the bike and outdoor industry and what this means for the future of jobs. Bicycle Retailer
April 22, 2025
Ari Has Hundreds of Bikes Stolen on Way to Utah Warehouse
Ari Bikes announced that it had hundreds of its bikes stolen from a truck traveling to its warehouse in Utah. The truck was last seen in the Santa Clarita area. MOUNTAIN BIKE ACTION
April 18, 2025
Revel Bikes Closes Down Just Days After Debuting New Rides
Colorado-based Revel Bikes is going out of business, a sales manager for the company confirmed to GearJunkie on Friday. The news comes just days after Revel debuted three new bicycles at Sea Otter, one of the bike industry’s biggest annual events. Gear Junkie
April 17, 2025
Trek tells retailers of immediate price increases
Trek and Electra retailers were informed Thursday by email that bike prices for most models will rise immediately because of the 10% tariff surcharge announced April 2, increasing costs "to a level that needs to be addressed." Bicycle Retailer
April 16, 2025
Specialized announces pricing strategy to account for increased tariffs
Specialized Bicycles informed retailers that it will list a 10% additional tariff surcharge on a separate line item on B2B invoices for the new Turbo Levo 4 e-MTBs ordered after May 1. Orders shipped before that date will not include the surcharge. BRAIN
April 14, 2025
Canyon reduces US workforce, but not because of recent tariff increases
Canyon Bicycles has laid off an undisclosed number of employees in the U.S., part of an "an ongoing process" and not tied to changing tariff policy. Canyon is employing a "shifting gears roadmap" to strengthen its D2C presence, drive swifter product development, and grow new markets. BRAIN
April 14, 2025
EXEC: Giant Group March Bike Shipments Turn Negative as Tariffs Hit
Giant Manufacturing Co., Ltd. (Giant Group) shifted back into negative territory with March shipments after a big month for the manufacturer in February. SGB Media
April 11, 2025
The Running Specialty Channel Has Proven To Be Recession Proof: Can It Withstand Tariff Turmoil?
The volatility of the global trading landscape, with U.S. President Donald Trump imposing and pausing tariffs on most nations, has made the ability for retailers and brands to commit to a plan seemingly impossible. Footwear News
April 10, 2025
Guardian Bikes Powers American Comeback with Nation’s First High-Volume Bicycle Frame Manufacturing Plant
Guardian Bikes, the nation's leading direct-to-consumer kids' bike brand, has announced a $19 million financing with JPMorganChase to launch the first large-scale bicycle frame manufacturing operation in the United States. PRN
