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.
April 27, 2024
Rapha abruptly closes North America office and lays off staff
Rapha has abruptly closed its North American office and laid off six of its eight staff as the clothing brand says it is “realigning Rapha to better reflect our strategic priorities and current market dynamics.” Rapha CEO Francois Convercey siad that the layoffs were part of a consolidation plan. Rapha’s...
April 26, 2024
The Stages Cycling Saga Is Only Going to Get Messier
As Stages product owners know quite well, the company had seemingly been on life support for the last year, visible to both consumers and industry watchers alike. This follows nearly a year of continued degradation of their product support responsiveness, and loss of key long-term leaders at the company. The...
April 26, 2024
Bike-carrier demand helps propel Thule’s 9% Q1 net sales gain
Buoyed by Sports & Cargo Carriers, Thule Group's first-quarter net sales increased 8.7% year-over-year. Sales of Sports & Cargo Carriers, including the largest sub-category bike carriers, jumped 16% compared with the same time last year. Overall net sales of SEK 2,420 ($222 million) for the quarter topped the SEK 2,226...
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April 26, 2024
Denver Colfax Marathon Introduces New “Colfax FLY Feet” Program
Denver, CO /ENDURANCE SPORTSWIRE/ - The 18th Denver Colfax Marathon, presented by Cigna Healthcare, is thrilled to introduce a new youth-focused element to its race weekend in May. In its inaugural year, the “Colfax FLY Feet” program, is a platform for at-risk Colorado kids to participate in Denver’s largest running...
April 25, 2024
Why REI Co-op Is Doubling Down on Running Shoes and Exiting Its Branded Footwear Business
REI Co-op confirmed that it is exiting its REI-branded footwear business after 2024, four years after the company said that it would begin producing its own shoes. In the time since its initial launch, REI has delivered eco-friendly hiking boots, trail runners and more. As the retailer exits one business,...
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April 25, 2024
PTO Teams Up With Spalk To Give Brazilian Triathlon Fans Their Own Commentary For The Singapore T100
London, UK/ENDURANCE SPORTSWIRE/ – The Professional Triathletes Organisation (PTO) teamed up with virtual sportscasting studio, Spalk, to give Brazilian triathlon fans their very own commentary feed for the recent Singapore T100 Triathlon (13-14 April, 2024), which took place around the stunning Marina Bay in the heart of the city. “Every...
April 24, 2024
Stages Cycling executives join Giant after suit and apparent shutdown
At least four former Stages Cycling executives have joined Giant Manufacturing as the power meter and smart bike brand has apparently stopped operations. Meanwhile Giant, which manufactures many Stages products in Taiwan, is suing Stages for about $14 million in unpaid invoices. AIPS Technology, a Giant Manufacturing subsidiary, filed suit...
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April 24, 2024
Strava Ushers in Its Next Era with Appointments of New Chief Product Officer and Chief Technology Officer
SAN FRANCISCO – April 24, 2024 /ENDURANCE SPORTSWIRE/ - Strava, the leading digital community for active people with more than 125 million athletes, today announced the hiring of two new executives to its executive team: Matt Salazar, chief product officer, and Rob Terrell, chief technology officer. Both bring extensive experience...
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April 24, 2024
Gold’s Gym Brings the Best Workouts in the World to Long Beach with New State-of-the-Art Club at The Pike
Los Angeles, CA /ENDURANCE SPORTSWIRE/ - This month, Gold’s Gym SoCal – the home of the best workouts in the world – opens the doors to its very first Long Beach club, a 35,000 sq. ft. state-of-the-art facility conveniently located at The Pike. As the only gym at The Pike,...
April 23, 2024
Shimano first-quarter sales down 20% from last year
Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year. Shimano did...