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.
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May 9, 2022
ShowcasedBOA Technology Dials In New Marketing Campaign, Expanding Consumer Outreach
Denver, CO (May 9, 2022)/ENDURANCE SPORTSWIRE/ –BOA® Technology – makers of the BOA Fit System – dials in new global brand campaign, as it expands its marketing to speak more directly to consumers. The campaign focuses on pioneering athletes across the brand’s key segments – snowboarders, road cyclists, trail runners, downhill...
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May 6, 2022
Adidas, Pummeled by China Lockdowns, Offers Weak Guidance
Adidas is the latest global retailer to report headwinds to its business due to lockdowns in China. The German athletic-wear brand on Friday reported that currency-adjusted sales in Q1 dropped by 3% to 5.3 billion euros ($5.58 billion). Net income dropped 38%, to 310 million euros ($327.8 million). Footwear News
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May 6, 2022
Fox Factory adds 34.4% revenue in Q1, raw materials stocked up
Fox Factory has continued to add significant gains to its revenues, posting a Q1 growth of 34.4%, worth $378 million, versus $281.1 million in the same period last year. The results again represent record takings for the suspension giant, which recorded a 22.8% gross profit of $120.3 million despite a...
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May 6, 2022
Nike to Close Offices Again For a Week in August, Offer Summer Fridays, As It Brings Employees Back Into the Office
Nike is continuing its efforts to emphasize employee well-being as it starts the process of bringing employees back into the office. The sportswear giant will once again close all of its offices worldwide for a week in August to give its employees additional time off to recover and rest, according...
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May 6, 2022
Under Armour Shares Plummet as It Reports Steep Net Loss
Under Armour reported a net loss of $60 million in the quarter, with an adjusted loss of $3 million. But revenue was up 3% year-over-year to $1.3 billion. Wholesale was up 4% to $829 million, driven primarily by increases in its distributor and off-price business. Direct-to-consumer business was up 1%,...
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May 5, 2022
United Sports Brands Acquires Iconic Cycling Brand PEARL iZUMi
FOUNTAIN VALLEY, CA and LOUISVILLE, CO (May 5, 2022) /ENDURANCE SPORTSWIRE/ - United Sports Brands (“USB”), a global leader in sports performance and protective products, today announced that it has acquired PEARL iZUMi USA (“PEARL iZUMi”), an iconic manufacturer and retailer of cycling apparel and accessories. PEARL iZUMi will join...
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May 5, 2022
Peloton Reportedly Eyes Sale of Minority Stake to Bolster Finances: WSJ
Peloton is falling in afterhours trading Thursday as the connected fitness equipment maker is reportedly exploring the sale of a 15% to 20% stake to boost its finances, The Wall Street Journal reported, citing unnamed sources. Investing
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May 5, 2022
Active Outdoor Consultancy, InGoodTaste, Protects Women’s Right To Choose By Reimbursing Employees Who Travel For Abortions And Related Treatment
The independent creative consultancy will provide reimbursement for travel expenses and related costs not covered by insurance to all employees and their partners who choose to seek abortion services elsewhere when they live in areas with restricted access or rights. /ENDURANCE SPORTSWIRE/ (San Francisco, CA) -- InGoodTaste, a consultancy working...
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May 5, 2022
Union Home Mortgage and BibBoards, A Partnership that makes the Cleveland Marathon feel like Home
/ENDURANCE SPORTSWIRE/ - UnionHome Mortgage (UHM) is partnering with Bibboards to provide a unique sponsorship opportunity for the Cleveland Marathon. Marina Dieker of UHM says, "We are going to be handing out UHM BibBoards to the first 2,500 runners who come to packet pick up at the expo center. We went...
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May 5, 2022
RunSignup Endurance Industry 2022 YTD Update
May 5, 2022 - Moorestown, NJ /ENDURANCE SPORTSWIRE/ - RunSignup, the leading registration provider for U.S. endurance events, provides an YTD industry update. The company, itself, has experienced strong growth in registrations and new events being added to its platform. However, year-to-date data on a per race basis has revealed...
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May 5, 2022
Seven Continents Club® Receives The Official Registered Trademark
Boston, MA (May 5, 2022)/ENDURANCE SPORTSWIRE/ – After years of litigation required to recognize and protect their innovative globally respected brand, Marathon Tours & Travel (MTT) officially received the registered trademark designation for its Seven Continents Club® (SCC). MTT established the SCC in 1995, when the inaugural Antarctica Marathon®& Half-Marathon made...
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May 4, 2022
CycleBar Opens 250th Studio, Rides Past 500 Signed Agreements
CycleBar, the world’s largest indoor cycling brand, announced today it has opened its 250th studio and secured more than 500 franchise agreements, vastly increasing its reach amidst a global pandemic. Since being acquired by Xponential Fitness in 2017, CycleBar’s trajectory has been tremendous, further heightened by the boom in the...
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May 4, 2022
Destination Sport Experiences to Become Official Travel Partner of England Athletics
/ENDURANCE SPORTSWIRE/ – Members of England Athletics can now take advantage of more benefits than ever before thanks to an exciting new partnership with Destination Sport Experiences. Catering for those who want to participate in the very best running, triathlon, and cycling events both nationally and internationally, the team at Destination...
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May 4, 2022
CENTRED advances digital roadmap by partnering with SweatWorks
/ENDURANCE SPORTSWIRE/ – Leading travel and wellness brand CENTRED partners with digital tech agency SweatWorks, as they continue to drive technological innovation in the travel and wellness market. CENTRED is leading the way in the travel and wellness market by meeting the user exactly where they are. This partnership will...
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May 4, 2022
ShowcasedUNDRBUDR® Goes “All-In” on Manufacturing and Supply Chain to Meet Demand of Muscle Budr Activation and Recovery Products
Highlights: Secured supply chain with US-based organic herbal share crop growers Scaling up current manufacturing with automation Touring the US to select a long-term manufacturing site Montclair, NJ, May, 2022 /ENDURANCE SPORTSWIRE/ – UNDRBUDR, developer of high performance, nature-inspired skincare, activation, and recovery products today announced plans to significantly ramp...
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May 3, 2022
Bike Club adds Job Board to help cycling brands recruit tech-savvy talent
/ENDURANCE SPORTSWIRE/ - Bike Club has added a Job Board, giving bike brands a new way to reach passionate, tech-savvy riders interested in working in the cycling industry. The Job Board is hosted on their Discord server, which serves as the hub of the Club’s global cycling community, and is...
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May 2, 2022
Endur Apparel rebrands to Outway following 3.2 million dollar investment
Canadian performance sock brand Endur Apparel has rebranded to Outway following a 3.2 million dollar investment. The investment was led by Andrew Wilkinson, the co-founder of Canadian holding company Tiny. Fashion United
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May 2, 2022
Former Tour de France winner Stephen Roche guilty of fraud
Roche has been ordered to repay $1.1 million after a Spanish court proved that he negligently bankrupted his Majorca firm, using its assets to pay for his own extravagant lifestyle. The civil court ruling determined that Roche used funds from his cycling tour company to pay for his own bills, as...
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April 28, 2022
EVENT INSIGHTS: How Covid-19 Has Created a New Kind of Audience for Events
Whether you are putting on an virtual or in person event, participants have been changed by the pandemic and are evaluating a new set of priorities when choosing their next race. Race directors need to embrace that future by adopting these essential best practices in today's changing landscape. MORE
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April 28, 2022
Two Additional Goalball Paralympians Elected to USABA Board
(COLORADO SPRINGS, Colo.) /ENDURANCE SPORTSWIRE/ – As the newly-certified national governing body for the Paralympic team sports of goalball and blind soccer, the United States Association of Blind Athletes (USABA) has announced the election of two additional athlete representatives to its Board of Directors. Paralympians Zach Buhler (Huntington, Ind.) and...
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April 28, 2022
USATF Engages RealResponse In Fight Against Abuse In Sport
April 28, 2022 Indianapolis, Ind. And Charlotte, NC /ENDURANCE SPORTSWIRE/ – USA Track and Field (USATF) today announced it has engaged RealResponse, (@RealResponseHQ), the award-winning leading safe and secure feedback, monitoring and anonymous reporting platform for athletic teams and organizations, as their platform to track, monitor and proactively address issues encountered by...
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April 28, 2022
RunSignup Announces Integration with U.S. Masters Swimming
April 28, 2022, Moorestown, NJ /ENDURANCE SPORTSWIRE/ - RunSignup, the leading registration and technology solution provider for endurance events in the United States, announces its integration with U.S. Masters Swimming (USMS). With nearly 60,000 members, USMS is the industry standard for sanctioned adult swimming events, clubs, and associated training programs....
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April 27, 2022
Workout Anytime Signs 20-Unit Deal to Bring New Clubs to 4 States
Workout Anytime, the 180-plus-unit leader in the fitness industry, has signed an agreement to bring 20 new locations to markets in Virginia, Pennsylvania, Georgia and Florida. This multi-unit development deal — which was signed in partnership with Phenomenal Gyms, LLC — comes as the fast-growing fitness franchise is outpacing its...
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April 27, 2022
Garmin sees ‘normalization’ of cycling product sales
Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products. Consolidated revenue was $1.17 billion, a 9% increase year-over-year. Three other segments posted double-digit growth led by the outdoor segment ($385 million), which grew 50% year-over-year, and was boosted...
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April 27, 2022
Nathan Sports Opens Flagship Retail Store in Southern California
Fountain Valley, CA /ENDURANCE SPORTSWIRE/ - Nathan Sports, the leader in running hydration, accessories and apparel, is excited to announce the grand opening of their first-ever retail store in Costa Mesa, California. The store will serve as a hub for runners and adventurers in the area, offering community events along...