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 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....
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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...