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 15, 2025
EXEC: Asics NA Q1 Gains Led by Perf. Run and SportStyle; Global Business Rocks
The Asics North America (ANA) region delivered it fifth consecutive quarter of growth within the wholesale channel in the 2025 first quarter as management said it increased demand for products across the Performance Running, SportStyle and Core Performance sport categories. SGB MEDIA
May 15, 2025
Abra-Cadabra Fabrication, parent of Sanitas Cycles, acquires Waterford and Gunnar
Abra-Cadabra Fabrication, parent of the Sanitas Cycles brand, has acquired the Waterford and Gunnar brands from Richard Schwinn. The company will resume production of those brands this year at its facility in Durango. Bicycle Retailer
May 14, 2025
Foot Locker Sparks Retail Optimism As Stock Soars On Report Of $2.3B Buyout By Dick’s Sporting Goods
Foot Locker (FL) shares surged nearly 70% after the closing bell on Wednesday after a report said the shoe retailer is close to being acquired by Dick's Sporting Goods (DKS). MSN
May 14, 2025
185% Tariffs: How the Trade War Hit One Shipment of T-Shirts
This is a customs form that companies must file to import goods into the United States. In recent days, these forms have become living documents that show how President Trump’s tariffs are squeezing businesses. The New York Times
May 13, 2025
‘OEM rebound’ fuels Giant Group revenue growth
Giant Group says a “significant rebound in OEM orders” fueled a 4.9% increase in group revenues in the first quarter compared to the same quarter last year. The company had revenue of NT$16.85 billion ($550 million) in the quarter, up from NT$16.06 billion last year. Gross margin rate was 17.8%...
May 13, 2025
On Holding’s Q1 Sales Top Expectations, Trims FY Profits Guidance
On Holding AG reported key financial and operating metrics for the three-month period ended March 31, 2025, compared to the three-month period ended March 31, 2024, include: Net sales increased by 43.0 percent to CHF 726.6 million, or by 40.0 percent on a constant-currency basis; Net sales through the direct-to-consumer (DTC) sales channel increased by...
May 9, 2025
Canadian Entrepreneurs Save This Iconic MTB Brand
From GT hitting tough times, Rocky Mountain Bicycles restructuring to avoid bankruptcy, Light and Motion shutting down, Ignite Components closing, and Revel Bikes announcing its recent turbulence, the industry has a clear trend of negativity. BIKE MAG
May 9, 2025
Fox Factory sees growth in bike-product sales, but it’s ‘too early for a victory lap’
Fox Factory saw first-quarter year-over-year sales growth across its three divisions, including a 6.6% increase in sales in its Speciality Sports Group, which contains its bicycle and baseball/softball brands. Bicycle Retailer
May 8, 2025
Saucony, Merrell Drive Revenue Growth at Wolverine Worldwide
Merrell and Saucony were the standouts among the Wolverine brands. However, like other publicly traded companies, Wolverine withdrew its full year guidance due to tariffs and the uncertain economic climate. SHOPeatSURF
May 8, 2025
Life Time Group Holdings, Inc. (LTH) Tops Q1 Earnings and Revenue EstimatesLife Time Group Holdings, Inc. (LTH) Tops Q1 Earnings and Revenue Estimates
Life Time Group Holdings, Inc. (LTH) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.27 per share. yahoo finance
