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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December 6, 2022
Vitus Bikes Launches US Operations and Direct-to-Consumer Sales
December 6, 2022 - Salt Lake City, UT /ENDURANCE SPORTSWIRE/ – Vitus, the nearly 100-year-old storied bicycling brand, today announced the opening of its United States operations and distribution center, headquartered in Salt Lake City, UT. US consumers can now purchase select models of Vitus’ mountain, road, gravel, youth, and e-bikes bikes through...
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December 6, 2022
Enduro Bearings Teams with Alchemy Bikes on ‘Enduro Bearings Inside’ Program
Oakland, California /ENDURANCE SPORTSWIRE/ - Enduro Bearings is proud to announce the launch of its ‘Enduro Bearings Inside’ collaboration with Alchemy bikes. The program is more than just providing a bearing spec; the companies will work closely together to optimize frame and spinning component durability and performance. They’ll also blend...
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December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
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December 5, 2022
Sportswear manufacturer Cytech acquires Pasasport
The buyout brings together two manufacturers with a history of innovation in the production of performance cycle clothing, Cytech introducing at Eurobike this year the world’s first 3D printed chamois pad. More than 90 per cent of the company’s turnover is generated in foreign markets and its products are sold...
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December 4, 2022
Heptathlete sues USA Track and Field
During a heatwave, American heptathlete Taliyah Brooks collapsed amid the 2021 U.S. Olympic trials. The athlete has taken legal action against USA Track and Field, the governing body for the sport. Heading into the trials, Brooks was a top contender in the heptathlon, a two-day, seven-event sport that involves three track...
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December 2, 2022
Former Amazon executive joins Zwift as co-CEO with founder Eric Min
Zwift founder Eric Min announced Friday that he will become co-CEO, sharing duties with former Amazon executive Kurt Beidler. Min, who has been CEO since Zwift's founding in 2014, said Beidler's hire came after "a long search." Min will also remain chairman of Zwift's board of directors. Bicycle Retailer
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December 1, 2022
Wahoo Fitness Dismisses Smart Trainer Lawsuit Against JetBlack, Sets Timetable Against Zwift
Wahoo initially filed suit against Zwift/JetBlack back on October 3rd, the same date that Zwift started shipping the trainers into the US & European markets (Zwift previously announced the Zwift Hub on September 6th, 2022). Zwift currently doesn’t sell the trainers in any other markets at this time except the...
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December 1, 2022
Why Twitter Is Good for the Running World
Jesse Williams, a former marketing executive at Brooks and the founder of the event company Sound Running, echoed Goucher’s point. “The live tweeting of splits, placing, and other important info during races is huge for fans and for brands that understand the space,” Williams says. Outside Online
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December 1, 2022
Road Runners Club of America Welcomes Five Runner Friendly Communities
Arlington, VA /ENDURANCE SPORTSWIRE/ – The goal of the Road Runners Club of America (RRCA) Runner Friendly Community program is to shine a national spotlight on communities that standout as runner-friendly and provide incentives and ideas for communities to work towards becoming runner-friendly communities. The RRCA is welcomes the newly designated...
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November 30, 2022
Classified Cycling Raises €22M Euros In Push To Reinvent Shifting, Expand Into eBike Drivetrains And To Strengthen Presence In Global Markets
(Antwerp, Belgium, Thursday, December 1, 2022 CET)/ENDURANCE SPORTSWIRE/ - Classified Cycling, a Belgium-based company developing innovative drivetrain technology for the cycling industry, today announces it has closed a funding round of €22 million led by Active Partners, the investors behind well-known cycling brands Rapha and Evans Cycles. Existing investor Bridford...
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November 30, 2022
Nukeproof Announces New US Operations and Distribution
November 30, 2022 - Salt Lake City, UT /ENDURANCE SPORTSWIRE/ – Nukeproof mountain bikes, components and accessories will soon be easier to find in the US. Starting November 30th, 2022, US-based riders will be able to buy Nukeproof’s award-winning, gravity-oriented mountain bikes and eMTBs, as well as their innovative parts and accessories through...
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November 30, 2022
ROAD iD Unveils New Partnership Opportunity to Promote Runner Safety in Run Specialty at The Running Event (TRE) in Austin
/ENDURANCE SPORTSWIRE/ – ROAD iD, leader of wearable identification products for runners and cyclists unveils new and improved in-store partnership program geared for run specialty shops to help runners train safely with the peace of mind that wearing ID provides. The partnership will help store owners earn cash, provide the perfect...
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November 30, 2022
Nike, Adidas Could Reduce Order Volumes By 40%
Companies like Nike and Adidas are expected to reduce their order volumes by 30%-40% beginning next summer, with both companies reportedly notifying their manufacturing plants. It’s unclear how long it will last, but some outlets have reported that the volume decrease is expected to continue until the winter — likely...
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November 29, 2022
Wattbike secures £3.25m for global growth
Wattbike has partnered with Praetura Commercial Finance to help fund its ambitious global expansion plans. The £3.25 million asset-based lending facility will help the team invest in its Hub App, which works in tandem with its indoor exercise bikes, as well as target key global territories in the North America...
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November 29, 2022
Trends in the running industry: What comes after the Corona boom?
Many have discovered running for themselves in the Corona pandemic. But mega sales for running brands are offset by declining numbers of participants in competitions. Will the runner's high last or will running run out of steam? Urs Weber gave an industry insight at the Runner's World running symposium at...
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November 29, 2022
BibRave to Launch Pro-Bono Seeding Program for Brands in 2023
Honolulu, HI /ENDURANCE SPORTSWIRE/ – BibRave, the leading-edge endurance and fitness marketing agency, announced on November 22 the launch of a new pro-bono program for 2023 dubbed “BibRave Brand Picks.” BibRave Brand Picks is a way to return to the company’s roots of finding and promoting nascent, innovative, and creative new...
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November 28, 2022
Black Friday Online Sales Hit Record $9.12 Billion
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers’ websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020. SGB Media
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November 23, 2022
Meta’s Plans for VR Fitness Could Hit Snag
A government agency is looking to block Meta’s acquisition of a virtual fitness company. In October 2021, the tech giant agreed to acquire virtual realty company Within, the developer of Supernatural — a VR fitness app made exclusively for Meta’s Oculus headsets. But the Federal Trade Commission believes the deal will decrease competition in the VR fitness...
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November 22, 2022
2022 VinFast IRONMAN World Championship Documentary Special Airing On NBC, November 27 AT 2 – 3:30 P.M. EST
TAMPA, Fla. (Nov. 22, 2022) /ENDURANCE SPORTSWIRE/ - The documentary special highlighting the historic 2022 VinFast IRONMAN® World Championship triathlon will premiere on Sunday, Nov. 27 at 2 - 3:30 p.m. EST on NBC. The IRONMAN World Championship special will chronicle triathlon’s pinnacle event, which returned to the Kailua-Kona and...
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November 22, 2022
ASICS expands race registration offering with njuko acquisition
ASICS has confirmed the acquisition of race registration platform njuko, adding to the Race Roster registration business that it acquired in 2019. With the acquisition of njuko, ASICS notes that it now offers race registration services worldwide, with capabilities in Japan, North America, Australia, New Zealand, and now Europe. Endurance.biz
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November 22, 2022
Dick’s Sporting Goods’ Sales Surge to Record Levels
Dick’s Sporting Goods surged to a record third quarter with $2.96 billion in net sales, outpacing analysts’ estimates of $2.7 billion. Despite only a 7.7% year-over-year increase in sales, the largest U.S.-based sporting goods retailer posted a profit of $228 million — down from $317 million in Q3 FY 2021...
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November 22, 2022
IRONMAN Extends Partnership with Nirvana to provide Enhanced Travel and Race Experiences for Athletes starting in 2023
TAMPA, Fla. / LONDON, UK (November 22, 2022) /ENDURANCE SPORTSWIRE/ – IRONMAN and Nirvana Europe Limited, the British-based sport specialist travel agency, have extended and expanded their partnership across North America, Europe, and Oceania to provide enhanced travel and race experiences for athletes starting in 2023. Nirvana has been the official...
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November 22, 2022
Leading tour operator industry body T.O.U.R.S announce election of Jeff Adams as new president
Tuesday 22nd November 2022 - UK /ENDURANCE SPORTSWIRE/ – T.O.U.R.S - also known as Tour Operators United for Runners, are a leading industry body that represents 41 running tour organisations across 26 different countries. As a working group it helps to send over 200,000 runners to events around the globe, by working...
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November 22, 2022
Virginia’s Blue Ridge TWENTY24 Cycling Returns to UCI Status
ROANOKE, Va. (November 2022) /ENDURANCE SPORTSWIRE/ – Virginia’s Blue Ridge TWENTY24 is announcing its transition back to a Union Cycliste Internationale (UCI) team. The team has a roster representing dynamic and diverse professionals in road, track, mountain biking, gravel, ultra, eSports, and para-cycling. Since its inception 18 years ago, VBR TWENTY24...
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November 21, 2022
Nike Opens First Nike Rise Location In North America
Nike opened Nike Aventura in Miami, FL. It is the first Nike Rise store in the U.S., signaling the next stage of its retail expansion in North America. The Nike Rise concept features a Sport Pulse a digital storytelling platform; screens displaying local sports, city and athlete data; The Sport...