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.
June 30, 2025
Lululemon Sues Costco Over Alleged Copycat Yoga Pants
Lululemon filed a lawsuit against Costco, charging the warehouse club is selling “confusingly similar” replicas of its jackets, sweatshirts and pants. In a lawsuit filed Friday in the U.S. District Court for the Central District of California, Lululemonclaims that certain Costco products imitate its own designs so closely that it constitutes...
June 23, 2025
Lululemon Lays Off 150, Plans ‘Modest’ Price Increases
Lululemon is tightening its operations by eliminating roughly 150 corporate roles, a move the company says is part of an effort to operate with greater agility. The layoffs, which impact employees across Lululemon’s global store support centers, come as the popular brand prepares to implement strategic price increases, described by executives...
June 23, 2025
EXEC: Giant Group May Bike Shipments Crater Nearly 30 Percent
Giant Manufacturing Co., Ltd. (Giant Group) saw May 2025 monthly bike shipments crater nearly 30 percent year-over-year (y/y), the second consecutive monthly double-digit decline. SGB MEDIA
June 20, 2025
Race director and athletics coach banned for life over inappropriate relationships and racist language
A prominent race director and coach has been banned from athletics for life after a UK Athletics disciplinary panel found him guilty of multiple breaches of the coaches’ code of conduct, including inappropriate relationships with his athletes and using racist and misogynistic language. The Guardian
June 17, 2025
Survey: 84 Percent of U.S. Consumers Plan to Shop Amazon Prime Day in 2025
A survey conducted by RetailMeNot found that 84 percent of U.S. adults plan to participate in Amazon Prime Day this year, up from 81 percent in 2024. SGB MEDIA
June 16, 2025
Elliptical Cross-Trainer Innovator Strider Fitness Raises $5M
Strider Fitness Ventures, maker of the StreetStrider, a unique, 2-in-1 elliptical cross-trainer designed for both outdoor and indoor use, has raised $5 million in IP-backed financing to support its next stage of growth in the fitness equipment market. The structured capital facility was arranged by Fallingst Technologies in partnership with...
June 12, 2025
Strava’s value grows to US$2.2B
After a fresh round of funding, Strava's valuation has raised US$2.2 billion, including debt, according to a report in the Wall Street Journal. This follows the acquisitions of AI-driven training apps Runna and The Breakaway, and the continued growth of the platform to over 150 million users globally. Strava's previous fundraising took...
June 6, 2025
BowFlex Recalls Nearly 4 Million Adjustable Dumbbells, More Than 100 Injuries Reported
Three months after the fitness brand declared bankruptcy, BowFlex is recalling nearly 4 million of its dumbbells for a problem that causes them to dislodge during use. GEAR JUNKIE
June 5, 2025
Giant’s China sales grow as US sales decline in recent years
Giant Group's sales to America — under its own brand and to its original equipment customers — have declined steeply since the pandemic even as sales in Asia, China in particular, have grown significantly. Bicycle Retailer
June 5, 2025
Wahoo Raises US Prices on All Products
Wahoo Fitness has raised prices on all their products for US buyers, with the price increases ranging from shruggable to ‘holy crap’, depending on the product in question. DC RAINMAKER
