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.
November 12, 2025
On Holding Continues to Beat Projections in Third Quarter
Nike may be clawing its way back to popularity, but don’t count out On Holding. Despite some analyst hesitation that the popular Swiss running brand may be losing some of its steam to a reviving Nike, the company once again posted record sales and profits in the third quarter ended...
November 12, 2025
Upway closes $60 million funding round; plans e-bike refurb centers in Denver and other US cities
Refurbished e-bike brand Upway closed a $60 million Series C funding round last week led by an investment by Copenhagen's A.P. Moller Holding. The company said it is looking for U.S. growth and plans to open used e-bike refurbishment centers in Denver and other U.S. cities. Bicycle Retailer
November 12, 2025
Wholesale Remains Primary Growth Driver for Asics North America in Q3
Asics North America continued its run in the third quarter of 2025. According to the athletic company, the United States posted single digit growth in Q3, while Canada and Mexico each produced double-digit quarterly growth compared to the previous year, all in local currency. Footwear News
November 11, 2025
How Much Do Pro Triathletes Really Earn? A Look at Ironman and T100
The Ironman Pro Series concluded this past weekend on the streets of Marbella, with Kristian Blummenfelt and Kat Matthews each taking home the coveted first place and a cheque for $200,000 USD. With two races remaining in the T100 Triathlon World Tour, beginning with the Dubai T100 this weekend, many may wonder to...
November 11, 2025
How Strava Traded User Goodwill for Nothing
There was a time that Strava was a well loved app, but lately it seems that the fitness app has traded user goodwill and gotten… well, nothing in return. This all came to a head most recently this fall when Strava sued Garmin then quickly backed down. For now things look like they’ve...
November 10, 2025
Rad Power Bikes faces shutdown in January without new funding
Rad Power Bikes has informed its employees that it will shut down in January if it is unable to find new funding or get acquired, according to an internal staff email viewed by TechCrunch. The company’s leadership is “still fighting to find ways to continue,” and “the cessation of Rad’s...
November 7, 2025
Giant Group revenue down 17% in first three quarters
Giant Group’s net revenue through the first three quarters of its fiscal years was down 16.9% from last year, to NT$47.96 billion ($1.55 billion). The manufacturer said its gross margin for the period was 19.8% and net profit before tax was NT$1.43 billion. Net profit after tax was NT$910 million...
November 6, 2025
The Running Industry Diversity Coalition Has Released Its Trail Running Toolkit
Recently, the Running Industry Diversity Coalition (RIDC) released a guide, “Opening the Path to Trail Running: A Toolkit for Runners, Retailers, and Communities,” designed to provide discrete and actionable steps that the running community can take to improve diversity in the sport. RIDC aims to make the running space more...
November 6, 2025
Cycling apparel pioneer Gore to close Gorewear clothing division after 40 years
German bike industry publication velobiz.de has reported that Gore contacted retailers a few days ago to announce that it will discontinue the Gorewear business next year. Velobiz.de says, "ore cites economic reasons for this drastic step, which is being announced now after ‘careful consideration and in-depth analysis of long-term prospects." road.cc
November 5, 2025
Strava Has Quickly Become the Most Popular Social Network for Music Fans
As more people shift their focus to health and wellness, music artists are using Strava as a new way to connect with fans. Between sharing their own fitness journeys and creating in-person experiences, the app is helping bring fans closer to artists. Strava reports that the number of new run clubs has...
