November 8, 2022

Planet Fitness Revenue Bulks Up to $244.4M

Planet Fitness is making its pandemic comeback. The large fitness center operator reported third-quarter revenue of $244.4 million, marking a 58.4% increase from the same period last year. Net income reached $30.7 million, up $12 million from the same period the year prior. System-wide same store sales jumped 8.2%, and system-wide sales increased from...

November 8, 2022

Peloton settles pending litigation with rival Echelon

Peloton Interactive Inc and rival Echelon Fitness on Tuesday said they had settled all pending litigation between them, more than three years after Peloton sued the Tennessee-based fitness company for patent infringement. Echelon has agreed to stop using Peloton's patented leaderboard technology in on-demand classes, the companies said in a...

November 8, 2022

RunSignup October Industry Update

November 8, 2022 - Moorestown, NJ /ENDURANCE SPORTSWIRE/ - RunSignup, the leading registration provider for U.S. endurance events, provides an October industry update. Aggregated registration data continue to show signs of gradual improvement for the endurance race industry after the long tail effects from the pandemic. Although most events have...

November 7, 2022

WHOOP and TYR Partner to Optimize Swimming Performance

WHOOP, the human performance company, and TYR, the leader in swimming innovation, announced an apparel partnership to bring the world’s first truly smart swimsuits to market. The two brands have developed swimwear that pairs TYR’s famed performance-first fit and fabrics with WHOOP Any-Wear™ Technology to offer a new way to optimally...

November 7, 2022

Trek Bicycle and Bell Sports sue over cargo lost or damaged at sea

Bell Sports and Trek Bicycle are among the firms suing shipping companies over containers lost or damaged due to storms in the North Pacific in early 2021. The Maersk Essen 051, a 366-meter ship, lost more than 700 containers when it encountered heavy seas off Mexico on Jan. 16, 2021....

November 7, 2022

Victoria Brumfield Named USA Triathlon Chief Executive Officer

COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – Victoria Brumfield today was announced by USA Triathlon Board of Directors Chair Joel Rosinbum as the Chief Executive Officer for the National Governing Body. Brumfield, who has served as USA Triathlon’s interim CEO since early September, becomes the organization’s first female CEO in its 40-plus-year...

November 4, 2022

Dick’s Sporting Goods Launches $50M Investment for Next Generation of Sports Companies

Dick’s Sporting Goods announced the launch of DSG Ventures, a $50 million in-house fund that will invest in innovative companies that will help shape the future of sport. To start, the initiative will focus its efforts on companies and rising entrepreneurs that directly serve athletes and their communities, or that...

November 4, 2022

After 50 Years and Billions of Blossoms, the 2023 Credit Union Cherry Blossom Reveals a Fresh New Look

November 4, 2022, Washington, DC/ENDURANCE SPORTSWIRE/ – 50th Anniversary colors are typically gold, but Credit Union Cherry Blossom (CUCB) organizers today announced a shift from their traditional colors of pastel pink and blue to a more modern bright pink and deep navy palette. They also introduced separate logos for the four...

November 3, 2022

OR Show, Surf Expo Parent Sees Q3 Revenues Decline 18 Percent

Emerald Holding, Inc. reported a sales decline of 18.4 percent due to the shift in the timing of events in the current year versus the year-ago period. Emerald hosts over 140 yearly venues across multiple industries. The active outdoor events include Outdoor Retailer, Surf Expo, The Sports Licensing & Tailgate...

November 3, 2022

Endurance Marketing Inc. acquires Madison race

Endurance Marketing Inc. said it has acquired Run Madtown, an annual series of competitive races in Madison, Wisconsin. EMI, founded in 2003, is a full-service, event management and production firm specializing in endurance sports. Run Madtown joins The Fort2Base Race on the North Shore as wholly owned and operated by...

November 3, 2022

DICK’S Sporting Goods makes a bet on the circular economy with investment in SidelineSwap

BOSTON-- SidelineSwap, the leading resale marketplace in sports, today announced that it received a strategic investment from DICK’S Sporting Goods, the leading sporting goods retailer. The two companies have been expanding their resale partnership, including more pop-up trade-in events. "This is a big step for us," said Brendan Candon, Co-founder...

November 3, 2022

Bosch furthers European eBike output with Portuguese investments

Bosch will quickly build upon its recently announced Slovakian eBike production investment by simultaneously investing in Portugal, according to local media. A team of 300 is reportedly to be recruited in order to build a production team in the Ovar region where Bosch already has a significant presence outside of...

November 3, 2022

Peloton shares tumble after company offers weak holiday quarter outlook

Pelotonposted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. The company’s shares fell nearly 10% in morning trading Thursday. As of Wednesday’s close, Peloton’s stock has dropped about 75% so far this year. CNBC

November 3, 2022

Under Armour Shares Jump After Reporting Better-Than-Expected Q2 Results

Under Armour shares got a lift on Thursday after the company reported better-than-expected results for the second quarter. The Baltimore-based brand reported revenues of $1.6 billion, up 2% over last year. Net income was $87 million and adjusted diluted earnings per share was $0.20. Both earnings and revenues exceeded the...

November 3, 2022

United Endurance Sports Coaching Academy Partners with Final Surge

Highlands Ranch, CO – November 3, 2022 /ENDURANCE SPORTSWIRE/ - United Endurance Sports Coaching Academy (UESCA), the leader in science-based endurance sports education has announced that it is partnering with Final Surge. UESCA offers coaching certifications for running, triathlon, ultrarunning, cycling and endurance sports nutrition, focusing on the science behind...

November 2, 2022

Will the Smartband Market Continue to Shrink?

Smartbands were the first to gain popularity in the wrist wearable market, thanks to their lower price and longer battery life compared to smartwatches. However, during COVID-19, consumers’ interest in healthcare and fitness increased sharply and they started shifting focus to smartwatches supporting more functions. As a result, smartband shipments...

November 2, 2022

Wattbike launch second series of ‘Push Your Peak’ podcast – presented by Louise Minchin

Wednesday 2nd November 2022 - UK /ENDURANCE SPORTSWIRE/ – Push Your Peak is a podcast series for athletes who don’t know their limits, in which journalist and athlete Louise Minchin talks with some of the world’s most inspirational athletes about how they got to where they are today. The inaugural season of...

November 2, 2022

Vittoria is Moving North America Headquarters to Bentonville

OKLAHOMA CITY, OK /ENDURANCE SPORTSWIRE/ Vittoria Industries North America is moving its headquarters from Oklahoma City to Bentonville, taking space in the Ledger, a new six-story building downtown, providing bike-friendly amenities to make biking to work easy and enjoyable. The move is expected to take place in December 2022. Karim...

November 1, 2022

Wasserman Adds Providence Equity as Investor; Redbird, Madrone Cash Out

Sports and entertainment talent representative Wasserman has taken on private equity firm Providence Equity as an equity investor. Providence, which counts Learfield and The Chernin Group. Sportico

November 1, 2022

Vittoria Group Announces New American and Global Leadership

OKLAHOMA CITY, OK – /ENDURANCE SPORTSWIRE/ Vittoria Group has announced that Karim Pine has been appointed as the new Managing Director for North America. An experienced business leader, Karim will succeed Glenn Lee and assume responsibilities. Glenn Lee will now head the newly established Global Accessories Business Unit located in...

October 31, 2022

Thule reports ‘rapidly declining’ demand for bike-related products in third quarter

Thule Group has published its interim report for July to September 2022, reporting a 23% decline in third-quarter sales year-on-year. Net sales for the quarter amounted to SEK 2,139m. Adjusted for exchange rate fluctuations, sales declined 29.4%. Net sales for the first nine months of the year amounted to SEK...

October 31, 2022

Layoffs Occur at Mindbody, ClassPass

For the second time in two years, Mindbody has implemented staff layoffs at Mindbody, and this time it also included employees at ClassPass, which Mindbody acquired in October 2021. The software and experience technology platform company did not share how many people were laid off, but those who were laid...

October 31, 2022

Kitzuma temporarily suspends delivery service

Kitzuma Cycling Logistics suspended its delivery service for the fall and winter and laid off most of its driver network in reaction to slowing demand for its door-to-door bike shipping business. Bicycle Retailer

October 27, 2022

Fitness Drives Apple to Record Quarter

Apple reported record fourth-quarter revenue of $90.1 billion — an 8% increase year-over-year — for the period ending Sept. 24. The tech giant’s wearables segment, which includes its fitness watches, posted $9.6 billion in revenue compared to Wall Street estimates of $8.8 billion. FOS

October 27, 2022

Tech startup Body Rocket seeking US investment following £430,000 UK and EU raise

Tech startup Body Rocket is seeking US investment following a successful £430,000 UK and EU raise. Body Rocket is creating the ‘world’s first’ device to provide real-time aerodynamic drag force measurement for cyclists and triathletes, with the accuracy of a wind tunnel. The patented technology (UK only and USA applied-for)...