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 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
May 8, 2025
Peloton Raises Full-Year Mid-Point Guide for Key Metrics, Revenue and Adjusted EBITDA
In a May 8 letter to investors, Peloton Interactive President and CEO Peter Stern said the company delivered at the high end of, or exceeded, guidance on its key financial metrics while continuing to execute on FY 2025 operating goals. SGB MEDIA
May 7, 2025
More Companies Adding Service Fees, Raising Prices, Citing Tariffs
Last month we reported on Specialized adding a line-item charge on certain bikes, passing direct price increases to consumers. Trek, that same week, increased prices on their bikes across the board, in response to tariffs. SLOW WITCH
May 6, 2025
Rotor closes US office, cites tariff situation
Rotor America, Inc, the North American subsidiary of Spanish bike part manufacturer Rotor Bike Components, has announced they will be closing their doors effective June 15. Bicycle Retailer