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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March 10, 2023
4x World Champion Triathlete Mirinda “Rinny” Carfrae Retires
March 10, 2023. Boulder, Colorado /ENDURANCE SPORTSWIRE/ – 4x World Champion Mirinda Carfrae officially retires after successful 20+ year pro career, including 3 IRONMAN® World Championship titles and an IRONMAN® 70.3® World Championship crown. Fast, skillful, but short, Rinny was urged by her basketball team physiotherapist (who was also a triathlon coach)...
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March 9, 2023
ShowcasedSommer Sports Celebrates 40 Years of Triathlon
CLERMONT, FLORIDA, March 9, 2023 /ENDURANCE SPORTSWIRE/ – In 1983, Clermont resident, avid runner and nursery owner Fred Sommer participated in his first triathlon and fell in love with a sport so new it didn’t have official rules or standard distances for each of the three components – swimming, cycling and running. “Back...
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March 9, 2023
Life Time revenues up 38% as fitness centers rebound
Most of Life Time’s business — 97% — comes from its 171 large format fitness centers in the U.S. and Canada. However, Life Time’s remaining revenue of $53 million came from cycling and running events as well as some other miscellaneous sources. Revenues in the "other" category was up 69%...
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March 9, 2023
USA Cycling Names Margell Abel as Collegiate Director
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – USA Cycling is proud to introduce Margell Abel as its new Collegiate Director. In this role, Margell will elevate the collegiate cycling racing experience. Margell has been an avid cyclist since the 1990s and has been a rider, racer, coach, and race organizer. Abel currently...
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March 9, 2023
Pro Triathlete Matt Hanson Joins UESCA as Director of Triathlon Programming
Highlands Ranch, CO – March 9, 2023 /ENDURANCE SPORTSWIRE/ - United Endurance Sports Coaching Academy (UESCA) is excited to announce that professional triathlete and coach, Dr. Matt Hanson is joining UESCA as the Director of Triathlon Programming. “When it comes to triathlon, Matt is a unicorn,” stated UESCA founder, Rick...
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March 9, 2023
Ultra X and ASICS Announce Partnership to Elevate Multi-stage Ultra Marathon Events
/ENDURANCE SPORTSWIRE/ - Ultra X, leading ultra-marathon event company, has announced a new partnership with ASICS, the performance running brand. The partnership will see ASICS become the Official Footwear and Apparel Partner of Ultra X events for all UK events. Ultra X was founded in 2018 and has quickly become...
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March 8, 2023
Sixteen Individuals Selected to be USABA Sport Ambassadors for 2023
Colorado Springs, Colo. (March 8, 2023) /ENDURANCE SPORTSWIRE/ - The U.S. Association of Blind Athletes (USABA) is pleased to announce 16 individuals who will serve as the organization’s sport ambassadors for 2023. Now in its second year, the USABA Sport Ambassador Program utilizes key stakeholders within the blind and visually...
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March 8, 2023
Enduro Bearings Solidifies Distribution Partners and Expands Product Availability in Canada and Central America
Oakland, California /ENDURANCE SPORTSWIRE/ - Enduro Bearings, in its ongoing efforts to grow distribution across the world, is announcing multi-year distribution agreements with Orange Sport Supply in Canada and Grupo GL in Central America. Grupo GL will represent Enduro Bearings in Costa Rica, El Salvador, Nicaragua, Guatemala, Honduras, Panama and Belize....
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March 8, 2023
Peloton, iFit hit with US import ban over streaming technology
In a 2021 complaint filed with the ITC, Dish and its Sling TV unit accused Peloton and iFit of infringing four patents for video-streaming technology through imports of products that stream at-home fitness content. These included Peloton bicycles and treadmills and iFit NordicTrack bicycles and ellipticals. Reuters
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March 8, 2023
Life Time Group Holdings, Inc. (LTH) Tops Q4 Earnings and Revenue Estimates
This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.07, delivering a surprise of 22.22%. Yahoo
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March 7, 2023
Zwift Announces New Layoffs Reducing 15% of Workforce
Zwift has internally announced a restructuring that is resulting in a reduction of the workforce by 15%, or approximately 80 people in total. The change is largely coming out of a “fresh look” at things with Zwift’s recently added co-CEO, Kurt Beidler. Kurt came from Amazon back three months ago in...
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March 7, 2023
Dick’s Sporting Goods’ Third Straight Record Year
Dick’s Sporting Goods has pulled off a third consecutive record year. The sporting goods giant topped itself yet again with full-year net sales of $12.37 billion, a 0.6% year-over-year increase and a 41.3% increase from 2019. Net income for the year fell to $1 billion from $1.5 billion in 2021....
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March 7, 2023
Active Recovery Footwear Leader OOFOS Announces Official Partnership with Universal Pickleball Rating System DUPR
March 7, 2023 /ENDURANCE SPORTSWIRE/ - OOFOS, the global leader in Active Recovery footwear, and DUPR, Pickleball’s most accurate global rating system, have announced a partnership to support the growing sport and emphasize the need for recovery for professional and amateur athletes alike. Through this new partnership, OOFOS will have...
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March 7, 2023
Altra Announces New Athletes to Elite Team
DENVER (March 7, 2023) /ENDURANCE SPORTSWIRE/ - Altra, a leading innovator in performance running, is excited to welcome its newest trail athletes, Careth Arnold and JP Giblin, to the Altra Elite Athlete Team. Throughout the year, these athletes – among the rest of the team – will wear Altra footwear...
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March 7, 2023
JT Holmes Joins Peak Ski Company Executive Leadership Team
BOZEMAN, Montana (March 7, 2023) /ENDURANCE SPORTSWIRE/ - Peak Ski Company announced today that professional skier, and award-winning stunt coordinator, JT Holmes has joined the company’s leadership team as Senior Director of Innovation and Business Development. Launched by cofounders Bode Miller and Andy Wirth, Peak Ski Company’s 2022/23 lineup...
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March 6, 2023
Electrolit Activates Official Partnership for the Los Angeles Marathon
CERRITOS, Calif. (March 6, 2023) /ENDURANCE SPORTSWIRE/ - Electrolit – the preferred, premium hydration beverage made from pharmaceutical quality grade ingredients – has kicked off 2023 as the official hydration partner of the Los Angeles Marathon presented by ASICS. Just 30 days away from the big race, Electrolit is excited...
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March 6, 2023
Brooks, Asics, Nike & More Major Running Brands Are Tuning Into #RunTok on TikTok — Here’s Why
With nearly 1 billion views on TikTok, the growing community of #RunTok is fueling the running world all thanks to every day creators — and brands are taking notice. FN
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March 6, 2023
Science in Sport (SiS) announces a three-year strategic partnership with Manchester Metropolitan University
6th March - London, UK /ENDURANCE SPORTSWIRE/ – The partnership will bring together state-of-the-art facilities and best-in-class research techniques with a global brand at the heart of elite sport to develop new knowledge that will ultimately provide novel performance solutions to athletes. Science in Sport is the official sports nutrition partner to...
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March 6, 2023
Swiftwick® launches MAXUS™ socks with REPREVE® recycled polyester
Franklin, TN (March 6, 2023) /ENDURANCE SPORTSWIRE/ - Swiftwick is thrilled to announce the launch of the MAXUS sock with a REPREVE® high-performance, recycled polyester footbed. With the release of the MAXUS featuring REPREVE, Swiftwick has achieved their 2023 goal of including Recycled, Renewable or Responsible fibers in 100% of...
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March 3, 2023
Hi-Torque closes Road Bike Action and Electric Bike Action magazines
Hi-Torque Publications has laid off at least three editors at its road bike and e-bike media titles. The publisher plans to close Road Bike Action and Electric Bike Action, which have print titles and websites. Hi-Torque is continuing to publish Mountain Bike Action, which is edited by Ron Koch. BRAIN
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March 3, 2023
Xponential Fitness Revenue Surges 58%
Xponential Fitness, which claims it’s the largest global franchisor of boutique fitness brands, reported a 44% year-over-year increase in fourth-quarter revenue to $71.3 million and a 58% increase in full year revenue to $245 million. The company posted a net loss of $400,000 for the three months that ended Dec....
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March 3, 2023
Cycling journalists form Escape Collective following layoffs, exodus from Outside
In its first 24 hours of selling $99-a-year memberships, the Escape Collective has enlisted thousands of subscribers, said Caley Fretz, a Durango-based cycling journalist who co-founded the new venture with editor Wade Wallace, who founded the influential Cycling Tips in 2008 and left his creation last year. The Colorado Sun
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March 3, 2023
Cyclologic takes equity stake in bike fit company Velogic; Paraic McGlynn to join as CEO
/ENDURANCE SPORTSWIRE/ – Velogic Limited, a producer of bike fit systems based in New Zealand, today announced that Cyclologic, a global leader in cycling performance analysis, equipment, and education,will take an equity stake in Velogic, with Paraic McGlynn joining as Chief Executive Officer. McGlynn replaces Darren Bruning as Velogic’s CEO. Bruning...
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March 2, 2023
PeopleForBikes Supports NYC Council Legislation on Electric Bicycles and Lithium Ion Batteries
BOULDER, COLO. (March 2, 2023) /ENDURANCE SPORTSWIRE/ - PeopleForBikes commends the City of New York on taking action to mitigate the increase in fires from lithium ion batteries. On March 2, The New York City Council approved Int 0663-2022, the very first law in the United States to specifically require...
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March 2, 2023
Should the bike industry fear a takeover from the auto industry?
The number of brands and bike models and sizes per brand is mind boggling. There is a lot of change every season and trends come and go fast. With this setup, the effort for one bike model will naturally be lower than for a car model that will be in...