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.
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February 28, 2023
Introducing Elevate 2028: USA Triathlon Foundation’s 2023-2028 Strategic Plan
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – The USA Triathlon Foundation today unveiled Elevate 2028, the organization’s 2023-2028 Strategic Plan, which outlines the path toward increasing philanthropic support, encouraging a culture of philanthropy, and providing a greater impact for donors and members of the multisport community. The USA Triathlon Foundation raises funds for...
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February 28, 2023
ShowcasedMOTTIV Training App Reduces Subscription Fee by 65%
VANCOUVER, CANADA /ENDURANCE SPORTSWIRE/ - MOTTIV, an athlete-run company dedicated to ensuring endurance sports and the transformations they bring are accessible to everyone, today launched MOTTIV 2.0, an all-encompassing training and motivation app for runners at every level. After extensive beta testing, new functions have been added including an athlete...
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February 28, 2023
Yamaha Bicycles Adds Northwest Regional Field Sales and Marketing Rep
CYPRESS, Calif. /ENDURANCE SPORTSWIRE/ - Yamaha Bicycles continues its field sales and marketing team growth, most recently adding Nate Espinosa as the new representative for the northwest region of the United States. Espinosa, who has spent a lifetime in the bike industry with over two decades of retail, race mechanic...
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February 28, 2023
Enabled Tracking to Provide Live GPS Tracking for the 2023 Endurance Hunter Trail Race
/ENDURANCE SPORTSWIRE/ Front Royal, VA - Enabled Tracking will be providing tracking for the Endurance Hunter Trail Run for the third year in a row. After expanding from tracking just the 100-mile distance in 2021, Enabled Tracking will provide tracking for the 100-mile and 100K distances in 2023, as they...
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February 28, 2023
Cindy Abrami Promoted to Partner at UESCA
Highlands Ranch, CO – February 28, 2023 /ENDURANCE SPORTSWIRE/ UESCA is pleased to announce that Cindy Abrami has been promoted to equity partner. Having been with UESCA as the Director of Operations since 2020, Cindy will now oversee the development of products and services. In addition to Cindy’s strong business...
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February 26, 2023
Jury says Princeton Carbon Works wheels don’t infringe on SRAM’s patents
Princeton Carbon Works prevailed after a two-week jury trial in which SRAM LLC had accused the company of infringing on two patents for aero wheels. In its complaint filed in the U.S. District Court for the Southern District of Florida nearly two years ago, SRAM said that the wavy rim shape on...
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February 24, 2023
Garmin reports 71% profit fall in cycling and fitness business as pandemic bubble bursts
Leading US tech brand Garmin has reported a 71% drop in operating profit across its cycling and fitness division in 2022 as the pandemic bubble burst, the company's annual report said. Published on Wednesday, the company's final report for the 2022 fiscal year shows that operating income was $105m from...
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February 24, 2023
USA Triathlon Renews Longstanding Partnership with Ashworth Awards
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – USA Triathlon today announced its partnership renewal with Ashworth Awards, a leading manufacturer and supplier of custom awards and medallions, through 2023. Since partnering with Ashworth Awards in 2013, USA Triathlon has provided athletes and distinguished recipients a variety of medallions and awards honoring their...
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February 24, 2023
E-bike conversion brand Boost secures six-figure investment
British e-bike conversion brand Boost has closed its latest funding round after securing a six-figure investment. Boost, founded by Cambridge engineer Nick Bailey, is an aftermarket conversion kit brand that works directly with retailers. Bikebiz
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February 24, 2023
Meg Treat, APR, named Director of Operations and Communications for Dave McGillivray Finish Strong Foundation
MISSION VIEJO, Calif. /ENDURANCE SPORTSWIRE/ – Treat Public Relations has expanded its engagement with clients Dave McGillivray and the Dave McGillivray Finish Strong Foundation. The PR agency representing endurance sports events and public figures will also continue to support media relations initiatives for DMSE Sports alongside their in-house communications team. Owner...
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February 23, 2023
Planet Fitness’ Q4 Tops Wall Street Targets
Planet Fitness, Inc. reported fourth-quarter profits more than doubled, beating expectations and forecasted an upbeat full-year outlook following strength in its December national sales, which helped to drive “record membership growth.” Excluding nonrecurring items, adjusted earnings per share increased to 53 cents, topping Wall Street’s consensus estimate of 47 cents....
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February 23, 2023
BOA Nutrition Announces New Board Members and Retail Expansion adding to Brand’s Momentum
RALEIGH, N.C. (February 23, 2023) /ENDURANCE SPORTSWIRE/ – North Carolina-based sports supplement company BOA Nutrition continues to race forward with the announcement that its innovative oral aerosol products will soon be available in brick-and-mortar retail locations in addition to existing e-commerce channels. Since launching in 2021, BOA products have been sold...
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February 23, 2023
Outside Interactive, Inc Partners with NatureQuant to Motivate People to Increase Time Outdoors for Better Health
Boulder, Co. (February 23, 2023) /ENDURANCE SPORTSWIRE/ – Outside Interactive, Inc., the world’s leading creator of active lifestyle content, services, events, and experiences, today announced an exclusive consumer partnership with NatureQuant, a cutting-edge technology company that specializes in creating personalized outdoor experiences within its NatureDose™ app. NatureDose™ is a nature prescription...
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February 22, 2023
Wiley X Strengthens Senior Leadership Team to Align with a Promising New Direction
FRISCO, Tex. — February 22, 2023 /ENDURANCE SPORTSWIRE/ – Premium protective eyewear brand Wiley X today announced changes to its senior leadership structure that will help the company reach its full potential in the eyewear market. Co-Owners and brothers Myles Jr. and Dan Freeman maintain senior leadership positions, with Dan Freeman now...
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February 22, 2023
BikeExchange Partners with Blaupunkt E-Bikes for DTC, Retail Sales
Asheville, North Carolina (February 22, 2023) /ENDURANCE SPORTSWIRE/ – In an effort to simplify the buying process while also increasing their North American (NA) presence, renowned electronics brand Blaupunkt has signed an exclusive agreement with BikeExchange, the world’s biggest online marketplace for bikes and bike products: BEX is now the sole direct-to-consumer...
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February 22, 2023
rnnr Partners with Press Forward for PR and Communications Initiatives
REDLANDS, Calif. (February 22, 2023) /ENDURANCE SPORTSWIRE/ – rnnr and Press Forward PR are thrilled to announce that they’re partnering to help bring the brand’s hats, apparel, and accessories to runners across the country. rnnr was founded in 2019 by Kate and Justin Arsenault as a brand committed to creating products...
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February 22, 2023
Independent Running Apparel Brands Janji and Oiselle Announce Merger
February 22, 2023 /ENDURANCE SPORTSWIRE/ - Janji, a Boston-based running apparel brand on a mission to expand access to safe drinking water worldwide, and Oiselle, a Seattle-based by and for women athletic apparel company, announced that they will enter a collaborative partnership through a merger, facilitated by Digsbury Ventures. The...
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February 22, 2023
Nix Biosensors app available now in the Garmin Connect IQ store
BOSTON, MASS. /ENDURANCE SPORTSWIRE/ - Nix, the biosensor company delivering health and wellness data to consumers, today announced its new app is available now in the Garmin Connect IQ™ store for select Garmin smartwatches and cycling computers. Nix’s Hydration Biosensor, the first-ever device to analyze sweat and provide endurance athletes...
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February 22, 2023
Distance Runner Kevin Salvano signs agency contract with Elite Runner Management
GROSSE POINTE (MI) /ENDURANCE SPORTSWIRE/ – Kevin Salvano, a Notre Dame graduate and Olympic Trials qualifier in the marathon, has signed an agency contract with Elite Runner Management (ERM), the Michigan based sports agency headed by Chris Mengel. “Kevin Salvano had a fabulous start to his pro career when he ran...
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February 21, 2023
Brooks Running achieves record revenue in 2022, builds momentum into the new year
Brooks Running crossed the finish line in 2022 with record global revenue, up 6% over 2021 with growth in all regions, and direct-to-consumer sales up 16%. The brand navigated supply chain obstacles during the first half of the year, returning to complete inventories in the back half with a record...
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February 21, 2023
Fox Factory Acquires Custom Wheel House
Fox Factory Holding Corp. agreed to acquire Custom Wheel House, LLC (CWH) from Thompson Street Capital Partners and other sellers for $131.6 million. This acquisition complements Fox’s upfitting and lift kit business and broadens its product offering in a growing automotive industry segment. SGB Media
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February 21, 2023
Porsche assumes complete ownership of Greyp e-bike brand
After acquiring a majority interest in the Greyp in 2021, Porsche announced it has assumed complete ownership of the e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, had held about a 10% stake in Greyp since 2018. Bicycle Retailer
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February 20, 2023
Quell Raises $10M In Series A Funding Round
Quell, the UK-based fitness gaming developer and publisher, completed a $10 million Series A funding round led by Tencent with follow-on investment from Khosla Ventures, Heartcore Capital, Social Impact Capital, and entrepreneur Naval Ravikant. This latest round brings Quell’s total financing to $15.6 million. The Series A round enables Quell...
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February 20, 2023
USA Triathlon Foundation Board of Trustees Elects Four New Officers
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – Alex Egan was today announced as the Chair of the USA Triathlon Foundation Board of Trustees following the Board’s 2022 officer elections. Egan, who became a trustee in 2020, succeeds outgoing Foundation Trustee Chair Stephen Ban, who held the position for the past two years. The...
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February 17, 2023
Olympia Sports Intellectual Property Sold At Auction
The intellectual property and related assets of Olympia Sports, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter, were sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank. Olympia Sports filed for bankruptcy last September to liquidate its remaining 35 stores....