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.
-
January 26, 2023
Giant reportedly looking at US$20 million investment in Stages Cycling
According to media reports in Taiwan, leading global bike manufacturer Giant Group is looking to invest US$20 million in the power meter and indoor cycling brand Stages Cycling. Giant reportedly held an interim board meeting last week – with a strategic investment in Stages expected to be made via Giant’s...
-
January 26, 2023
Wolff E-Bikes Adds SIMBOL Communications to Pack as PR Agency of Record
Quebec, Canada (January 26, 2023) /ENDURANCE SPORTSWIRE/ – Building on strong early success, Canada-based Wolff E-Bikes – makers of a wide range of high-value commuter/hybrid e-bikes – is redoubling its efforts to build consumer and retailer base in the US and Canada; to help this effort, they’ve hired the longtime cycling/active lifestyle...
-
January 25, 2023
Adidas, MSG Sports Among Backers of Sapphire Sport’s Venture Fund
Some of the largest companies in sports have invested in a new venture capital fund. Sapphire Sport has raised $181 million from a group of investors that include Sinclair Broadcast Group, Adidas, Madison Square Garden Sports, Arctos Sports Partners, City Football Group, and AEG Worldwide. The fund will focus on investments in sports, media,...
-
January 24, 2023
Strava will add high-res 3D maps for outdoor activities
Strava routes are about to get three-dimensional. The popular fitness social network announced today that it’s acquired Fatmap, a mobile app known for its 3D maps for outdoor sports like hiking, trail running, skiing, and mountain biking. The Verge
-
January 24, 2023
Heidi Muller Leads a Buy Out of the Adventure Racing World Series
23/01/2023 /ENDURANCE SPORTSWIRE/ - The Adventure Racing World Series is under new ownership after the company was purchased from Geocentric Outdoors (Australia) by a consortium of investors lead by current CEO, Heidi Muller. Muller has been CEO for the past year, and in full operational charge of the global adventure...
-
January 20, 2023
The Fallout from the Pandemic Bike Boom
A month after lockdowns had them wondering about their future in the spring of 2020, they suddenly couldn’t keep up with demand. For a year and a half, staff worked overtime as Americans rolled out their dusty steads or bought new ones. A 50 percent increase in riding, plus supply...
-
January 20, 2023
The Pro’s Closet has another round of layoffs
The company that began in 2002 as an eBay store for pre-owned bikes and quickly expanded in size and workforce did not say how many employees were affected. In October, The Pro's Closet reduced its workforce by 15%. Bicycle Retailer
-
January 20, 2023
Team MPI Expands Coaching Staff
Boise, ID (January 2023) /ENDURANCE SPORTSWIRE/ – Team MPI is proud to add Sydney Buckley to its coaching staff. Based in Cheyanne, WY, Coach Sydney brings more than 20 years of swimming expertise to Team MPI. As a swimmer, Sydney was a Colorado State Champion, a Colorado state record holder, and...
-
January 19, 2023
Run Local® Acquires Oakland Running Festival
OAKLAND, Calif. – (January 19, 2023) /ENDURANCE SPORTSWIRE/ – After a decade of growing the Oakland Running Festival into a community-wide celebration and must-do on a runner’s annual calendar, Corrigan Sports Enterprises has sold the property to Bay Area-based events company Run Local®. The 2023 edition takes place on Sunday, March...
-
January 19, 2023
The Pro Trail Runners Association: Trail Running’s First Union
As the sport grows, professional athletes are banding together to create a group that can lead the way on issues like doping, contract clarity, and race schedules. Here’s what it means for the future of the sport. Trailrunner
-
January 19, 2023
USA Cycling Announces Cari Higgins as Chairwoman of the Board and New Athlete Advisory Council
COLORADO SPRINGS, Colo./ENDURANCE SPORTSWIRE/ – Cari Higgins, former Vice Chair of USA Cycling’s Board of Directors, has been recently elected as Chairwoman. “I am honored to have been elected as the Chairwoman of the USA Cycling Board of Directors. It’s not just symbolic that I’m the first woman and first athlete...
-
January 19, 2023
G-Tech Launches New Heated Apparel Collection at The PGA Show
PALM BEACH GARDENS, FL. (January 19, 2023) – G-Tech Apparel, the leader in heated hand warming technology, is launching a new collection of heated hoodies and vests to supplement its hand warming pouches and has selected True North Brand Group, Inc., Hingham, Ma., to generate awareness among its key audience...
-
January 19, 2023
RunSignup Reports Growth in 2022
/ENDURANCE SPORTSWIRE/ – RunSignup, the leading technology solution for US endurance events, reports strong company growth in 2022 and encouraging signs the overall endurance market is strengthening. Compared to 2019 – the pre-pandemic baseline – the number of registrations on the RunSignup platform grew 20% while the total transaction dollars increased...
-
January 19, 2023
Kyle Nossaman Promoted to Vice President of Sales at AllGear Digital
January 19, 2023, Los Angeles, Calif. /ENDURANCE SPORTSWIRE/ – AllGear Digital, a leading publisher of best-in-class content focused on the outdoors and the active-lifestyle space, announces the promotion of Kyle Nossaman. His new role as VP of Sales elevates Nossaman to further grow the company’s sponsorship programs and direct-sold advertising campaigns. “Kyle...
-
January 18, 2023
Wahoo Fitness’ Debt Ratings Lowered On Potential Default
S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall. S&P lowered its issuer credit rating on the company to ‘CCC-‘...
-
January 18, 2023
SRAM v Princeton ‘humpback whale wheel’ lawsuit goes to jury trial
Two years after SRAM accused US wheel brand Princeton CarbonWorks of infringement on two of its patents relating to the wavy rim design of the Zipp 454 NSW, the case is heading to court. In advance of a two-week jury trial beginning on February 13, the judge has granted each...
-
January 18, 2023
Salomon and Hoka Were the Fastest Growing Sneaker Brands on StockX in 2022
In its latest “Big Facts” report, StockX confirmed that the fastest-growing sneaker brand on the marketplace was Salomon. StockX revealed in the report that Salomon experienced 2,277% trade growth in 2022 over 2021. Following Salomon was Hoka, which experienced 713% trade growth. FN
-
January 18, 2023
Stages Cycling Factory Install Now Available for Dual Sided Dura-Ace 9200
Boulder, CO – 18 December, 2022 /ENDURANCE SPORTSWIRE/ – Stages Cycling, a leading cycling technology company, announced Factory Install service is now available for Shimano’s latest 12-speed Dura-Ace 9200 cranksets. Stages Factory Install service allows customers to send their existing crankset to be converted into an accurate, reliable Stages Power Meter. Factory...
-
January 18, 2023
Amanda Duke Boulet Named USABA Director of Sport Performance
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – The U.S. Association of Blind Athletes (USABA) is pleased to announce the hiring of Amanda Duke Boulet as director of sport performance, a new and integral position within the organization. Duke Boulet has been a leader in the U.S. Paralympic movement for the past 15...
-
January 18, 2023
BibRave Boosts Missoula Marathon Social Following By More Than 28 Percent
Honolulu, HI /ENDURANCE SPORTSWIRE/ – BibRave, the leading-edge endurance and fitness marketing agency, worked with the Missoula Marathon to create a simple but effective sweepstakes to increase the race’s social following across all platforms and boost engagement and other social media metrics. “We rely on BibRave to manage all of our...
-
January 17, 2023
Rebranded RUN Varsity Aims to Support Teenagers Moving
PITTSBURGH /ENDURANCE SPORTSWIRE/ – P3R has announced that 4RUN2 Varsity has rebranded to RUN Varsity. The rebrand is designed to be more inclusive of ALL youth in the area. RUN Varsity adds to P3R’s robust programming to motivate any and all to MOVE and will continue to support, educate and encourage teenage...
-
January 17, 2023
National Cycling League (NCL) announces ZIeL Concept Store as the Miami Race Fan Headquarters and Club House for the Miami Nights Cycling Club
Miami, FL, January 17, 2023 /ENDURANCE SPORTSWIRE/ – The National Cycling League, the first of its kind in professional sports built around 21st century values of diverse ownership, gender equality, technology, and sustainability, today announced that it has selected ZIeL Concept store, Miami’s preeminent cycling resource and lifestyle community store as the...
-
January 16, 2023
The Cult of Bike Helmets
Last year, health officials in Seattle decided to stop requiring bicyclists to wear helmets. Independent research found that nearly half of Seattle’s helmet tickets in recent years went to unhoused people, while Black and Native American cyclists in the city were four times and two times more likely, respectively, than white...
-
January 13, 2023
2023 ICR: Fitness Chains Resume Aggressive Growth Plans
Speaking at the 2023 ICR Conference, executives from Planet Fitness, Life Time Group and Xponential Fitness indicated that their respective health clubs continue to see healthy recovery post-pandemic while noting stepped-up expansion plans. SGB Media
-
January 13, 2023
Can Outdoor Specialty Retailers Conquer the Booming Running Market?
The running market has always been hyper-competitive, but new retail challengers from the outdoor world are raising the stakes for players in the space. For the past three years, the running category has been the footwear industry’s biggest success story. As gyms closed amid the pandemic, a staggering number of...