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 12, 2026
Giant Group Posts Q1 Loss After Revenues Fall Over 25 Percent on Tough Comps and WRO Issue
Giant Group posted a net loss in the first quarter of 2026 after revenues fell more than 25 percent year‑on‑year, reflecting tough comparisons to a much stronger prior‑year quarter and ongoing pressure from softer global demand. The company reported consolidated revenue of about NT$12.52 billion (roughly €347 million), down about...
May 12, 2026
On Holding Continues to Post Strong Results Despite CEO Shifts
The On Holding juggernaut continues to roll on. On Tuesday, the Zurich-based sports brand reported another quarter of double-digit increases in both net income and sales in the first quarter, which it attributed to its “premium strategy” and “broad-based demand.” Among the standouts in the period was apparel, where sales rose 45.1 percent...
May 12, 2026
Woman files wrongful death suit against Rad Power Bikes after fire kills husband
A woman filed a wrongful death lawsuit against Rad Power Bikes and an authorized dealer in Florida after one of the brand's e-bikes ignited in her garage and killed her husband. The lawsuit officially lists as a defendent New Summit Collective Inc., which was Rad Power's parent company before the...
May 11, 2026
Amazon says it won’t sell e-bikes in California that exceed state speed limits
After several deadly crashes, Amazon says it will no longer allow California sales of certain e-bikes that can go faster than state speed limits, according to Orange County District Attorney Todd Spitzer. This comes after a consumer alert issued by California Attorney General Rob Bonta last month, which called for...
May 11, 2026
OutsidePR Expands Strategic Affiliate Capabilities
Sausalito, CA (May 11, 2026) /ENDURANCE SPORTSWIRE/ — OutsidePR, a leading communications agency specializing in the active lifestyle, outdoor, travel, and purpose-driven sectors, today announced the expansion of its affiliate marketing capabilities with the addition of Nick Joy as Affiliate Manager. Based in Seattle, WA, Joy joins OutsidePR following a...
May 11, 2026
4iiii Innovations Puts Safety First with Battery Enclosure Redesign in Compliance with Reese’s Law
COCHRANE, ALBERTA (May 11, 2026) /ENDURANCE SPORTSWIRE/ – 4iiii Innovations Inc., the industry leader in precision cycling technology, announces the successful and complete transition to its re-engineered integrated battery enclosures across its full line of power meters. This design evolution reinforces 4iiii’sunwavering commitment to safety and its strict, ongoing adherence to...
May 8, 2026
Nike faces class action lawsuit accusing it of pocketing tariff refunds while charging consumers more
Nike faces a proposed class-action lawsuit filed in federal court in Portland, Oregon, accusing the company of pocketing tariff refunds from the U.S. government while failing to reimburse consumers for higher prices charged to offset those tariffs. The suit stems from a February 2026 U.S. Supreme Court ruling that invalidated...
May 8, 2026
Porsche shuts down Porsche eBike Performance GmbH, resulting in over 500 job losses
Porsche eBike Performance GmbH will be discontinued following the planned sale of Porsche AG’s stakes in Bugatti Rimac and the Rimac Group, Dr. Ing. h.c. F. The subsidiaries Cellforce Group GmbH, based in Kirchentellinsfurt, Porsche eBike Performance GmbH, based in Ottobrunn, and Cetitec GmbH, based in Pforzheim, are to be...
May 8, 2026
Ex-Olympic medallist CJ Ujah arrested for alleged cryptocurrency fraud
On Wednesday, British sprinter and ex-Olympic medallist Chijindu (CJ) Ujah was one of 10 suspects arrested in an investigation into cryptocurrency fraud across southern England. Ujah, a world 4x100m champion, two-time European 100m champion and Diamond League Final winner, is alleged to be involved with an organised crime group suspected...
May 8, 2026
Giant points to improved margins in Q1, says WRO cost $2.6 million in the quarter
Giant Group is noting that new product launches helped increase its gross margin rate in the first quarter, when the manufacturer recorded a net loss after tax of NT$200 million ($6.37 million). The company also reported a one-time cost of NT$80 million ($2.56 million) related to the Withhold Release Order...


