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 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...
May 2, 2023
RunSignup Explores Expansion Into Canada
May, 2023 - Moorestown, NJ /ENDURANCE SPORTSWIRE/ – RunSignup, the leading registration and technology solution for US endurance events, announces that they are exploring an expansion into the Canadian market and are seeking input from Canadian race directors and timers. The expansion would bring RunSignup’s solutions for race registration, peer-to-peer fundraising...
May 2, 2023
Pressio Launches a Custom Apparel Program for Partners
Asheville, N.C. (May 2, 2023) /ENDURANCE SPORTSWIRE/ - Pressio, a U.K.-based technical apparel company committed to unparalleled performance and the unwavering pursuit of sustainable procurement, announces its Custom Apparel Program offering fully customizable athletic apparel for retailer and partner needs. The program aims to further the mission of providing world-leading,...
May 1, 2023
Rad Power Bikes has a 4th round of layoffs
Rad Power Bikes has been one of the fastest-growing e-bike brands in the U.S. In October 2021, after it announced the latest $154 million financing round that brought the total of investments to $329 million since its inception, the company claimed it was the world's best-funded e-bike brand in the...
April 28, 2023
Declining bike-product demand contributes to Thule’s Q1 net sales decrease
Thule Group's first-quarter net sales were down 26.6% year-over-year, largely due to declining bike-product demand from retailers lowering inventory levels. Net sales for the quarter ending in March were SEK 2,226 million ($215.2 million), compared with SEK 3,034 million at the same time last year. Thule's inventory decreased in the...
April 28, 2023
RunSignup Reveals Strong Preference for Its Registration Platform Among Repeat Endurance Event Participants
Moorestown, NJ - April 28, 2023 /ENDURANCE SPORTSWIRE/ – RunSignup, a leading registration and technology platform for endurance events in the United States, has conducted an analysis of its 13-year history, revealing repeat participant data that demonstrates a strong preference for its registration platform. With a 40% market share in the U.S....
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