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 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...
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March 1, 2023
Fast-growing e-bike company Velotric raises $7.4M USD Series A
Velotric, a leading innovator in the electric bike market, announced today that it has successfully raised a $7.4 million USD Series A round, bringing the total raised to $12 million USD in its first year. Funding has come from Redpoint China Ventures, Fosun RZ Capital, Uphonest Capital, and Lime Cofounders...
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March 1, 2023
U.S. Naval Academy Becomes 13th NCAA Division I Program and First Military Academy to Offer Varsity Women’s Triathlon
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – USA Triathlon and the United States Naval Academy today announced the U.S. Naval Academy in Annapolis, Maryland, will become the 13th NCAA Division I program, and the first U.S. military academy, to offer women’s triathlon at the varsity level. A member of the Patriot League,...
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February 28, 2023
Americans have changed the way they exercise. Here’s how gyms are adapting
Post-pandemic, the surge in the popularity of weight training has helped the gym industry recover. The number of gym memberships in the United States increased 3.6% in 2021 from pre-pandemic levels, according to the latest data from IHRSA, a trade association for the fitness industry. CNN
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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....