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.
-
October 27, 2022
Fitness Drives Apple to Record Quarter
Apple reported record fourth-quarter revenue of $90.1 billion — an 8% increase year-over-year — for the period ending Sept. 24. The tech giant’s wearables segment, which includes its fitness watches, posted $9.6 billion in revenue compared to Wall Street estimates of $8.8 billion. FOS
-
October 27, 2022
Tech startup Body Rocket seeking US investment following £430,000 UK and EU raise
Tech startup Body Rocket is seeking US investment following a successful £430,000 UK and EU raise. Body Rocket is creating the ‘world’s first’ device to provide real-time aerodynamic drag force measurement for cyclists and triathletes, with the accuracy of a wind tunnel. The patented technology (UK only and USA applied-for)...
-
October 26, 2022
Life Time Is Biggest Operator of Pickleball Courts in the Country
Life Time, Chanhassen, Minnesota, now has more than 350 permanent pickleball courts in the United States with plans to have 600 open by the end of 2023, the company said on Oct. 25. Since August 2021, Life Time has built indoor and outdoor pickleball courts at a rate of five...
-
October 26, 2022
NPD Reports Q3 Footwear Revenues Flat
In the third quarter of 2022, U.S. footwear industry sales revenue was flat at $10.8 billion, versus Q3 2021, according to global marketing group The NPD Group. While sneakers continued to capture the largest piece of the footwear business, fashion shoes and sandals were the top growth categories in Q3, based on...
-
October 26, 2022
Garmin Raises 2022 EPS Guidance On Improved Margin Outlook
Garmin, Ltd. reported sales declined 4 percent in the third quarter ending September 24, dragged down by an 18 percent slide in the fitness segment. Second-quarter earnings topped Wall Street estimates and Garmin lifted its full-year EPS outlook on an improving margin outlook. SGB Media
-
October 26, 2022
Destination Sport Experiences celebrate one year in business
26th October 2022 (Manchester, UK) /ENDURANCE SPORTSWIRE/ – Founded in October 2021, Destination Sports Experiences is headed up by Managing Director Brendan Fox, who has over 20-years experience in the active travel industry. Sitting under the well renowned Portman Travel Group, the expert team offer travel packages for those looking to...
-
October 25, 2022
Kanye West split will cost adidas over $1B in Annual Sales
Adidas’ decision to end its partnership with Kanye West and immediately stop selling his Yeezy brand, due to West’s recent antisemitic and other hateful comments, will likely cost the company billions of dollars in annual sales and could set up a legal battle over the intellectual property behind the fashion...
-
October 25, 2022
Shimano says bike demand “cooling” but ahead of pre-Covid levels
Shimano has described global demand for bikes as “cooling” in its Q3 financial update, but to levels that remain ahead of pre-pandemic trends. As the industry rumour mill whispers of signs of strain, Shimano said that from its view “in terms of market inventories of completed bicycles, those of high-end...
-
October 25, 2022
Sports Drinks Boost Coca-Cola to $11B Quarter
Coca-Cola continues to rack up revenue from its sports drinks segment. The beverage giant generated $11.1 billion in revenue in Q3 2022 — a 10% increase year-over-year and surpassing Wall Street estimates of $10.52 billion. Sports drinks — which include BODYARMOR, Powerade, and Aquarius — grew 6% during the quarter....
-
October 25, 2022
Burrowes Brothers Bikes officially opens in Brooklyn
Brooklyn NY — October 25, 2022 /ENDURANCE SPORTSWIRE/ – Burrowes Brothers Bikes officially opened its doors in Brooklyn. The community bike shop located at 755 Flatbush Avenue is two blocks from Prospect Park and steps from major bike commuting routes on Ocean Avenue, Bedford Ave, and Flatbush Ave. The shop will serve...
-
October 25, 2022
Fleet Feet Named in Fast Company’s Second Annual List of “Brands That Matter”
CARRBORO, N.C., October 25, 2022 /ENDURANCE SPORTSWIRE/ – Fleet Feet announced today it has been named to Fast Company’s second annual Brands That Matter list for having an indisputable impact on business and culture. Honored in the Retail category, Fleet Feet is recognized for its unique ability as a community retailer to forge...
-
October 24, 2022
Cowen Survey: Nike, Lululemon and Dick’s SG Seize Share With Younger Consumers
According to Cowen’s Fifth Annual proprietary Gen Z and Millennial survey, Nike, Lululemon and Dick’s Sporting Goods showed the strongest competitive positions and/or growth in preference among younger consumers within softlines retail. The survey, conducted in July 2022, had 2700 U.S. consumers participate. SGB Media
-
October 24, 2022
Events.com Acquires Leading Event Sponsorship Technology Platform
LA JOLLA, CA October, 2022 /ENDURANCE SPORTSWIRE/ – Events.com, a global provider of frictionless, user-friendly event planning and sponsorship management software, has acquired HelpGetSponsors.com (HGS), an event sponsorship technology company. The acquisition allows Events.com to provide its current and future customers with the tools and skills to find, sell, and manage...
-
October 21, 2022
ShowcasedFieldwork Brewing Crafts Partnership with Olympic Swimming Medalist Abbey Weitzeil
Berkeley, Calif. /ENDURANCE SPORTSWIRE/ - Fieldwork Brewing Company announces its partnership with two-time Olympian and four-time Olympic medalist Abbey Weitzeil as she trains to quality for her third U.S. Olympic Team. Fieldwork Brewing supports the acclaimed swimmer on her road to the Paris 2024 Summer Olympics, recognizing her relentless training...
-
October 21, 2022
2022 USA Triathlon Board of Directors, Athletes’ Advisory Council Election Results Announced
/ENDURANCE SPORTSWIRE/ – Katie Zaferes (Cary, N.C.) was elected to the USA Triathlon Board of Directors as an Elite/Pro Athlete Representative, while Kyle Coon (Carbondale, Colo.) and Megan Foley (Salt Lake City, Utah) were elected to the USA Triathlon Athletes’ Advisory Council. The Elite/Pro Athlete Representatives on the Board of Directors...
-
October 21, 2022
XTERRA Appoints Doug Hall as EMEA General Manager
October 21, 2022 /ENDURANCE SPORTSWIRE/ – XTERRA, the worldwide leader in off-road triathlon, today announced Doug Hall has joined its leadership team as General Manager for the XTERRA Europe, Middle East, and Africa regions. Hall, 35, is the first to hold the newly created role to focus on brand expansion, quality...
-
October 20, 2022
Adidas Slashes Full Year Outlook, Rolls Out ‘Business Improvement Program’
Adidas now expects total currency-neutral revenues for the total company to grow at a mid- to single-digit rate in 2022, compared to a previous projection of a mid- to high-single-digit rate in 2022. This would reflect double- digit revenue growth in Q4. Net income from continuing operations in 2022 is...
-
October 20, 2022
J&A Racing has New Hires that have Hit the Ground Running
October 20, 2022 – VIRGINIA BEACH, VIRGINIA/ENDURANCE SPORTSWIRE/ – J&A Racing is excited to announce new growth and opportunities amongst its staff. Ahead of a busy race season, J&A Racing has added some exceptional talent to an already well-respected roster of employees. Jamie Rhoades has taken over as Director of Partnerships,...
-
October 20, 2022
National Cycling League Announces Medalist Sports Partnership and All-Star Leadership Team
(New York, NY, October 20, 2022) /ENDURANCE SPORTSWIRE/ - The National Cycling League (NCL) has partnered with Medalist Sports and gathered the top talent in event production and sports entertainment as it prepares to launch America’s newest professional league sport in 2023. “You need a great team to bring new...
-
October 19, 2022
Road Runner Sports Absorbs Kelly’s Running Warehouse
SAN DIEGO — October 19, 2022 /ENDURANCE SPORTSWIRE/ – After 19 years in independent operation, Kelly’s Running Warehouse will officially be absorbed by its parent company. Road Runner Sports, one of the largest running specialty retailers in the country, aims to streamline their operations by rebranding the discount outlet as Road...
-
October 18, 2022
Will Ventures closes second fund with $150M to invest in sports technologies
The low-flying, Boston-based venture outfit Will Ventures just tripled the size of its second fund to $150 million thanks to its approach of investing in sports technologies with the help of its community of athlete backers who help promote and grow the portfolio companies. Now armed with $150 million for...
-
October 18, 2022
Skechers Sues Hermès For Patent Infringement
In a statement, Skechers claims that in 2022, Hermès introduced two footwear styles, the Éclair and Envol, which use mid-sole and undersole design elements that infringe multiple Skechers patents for its Massage Fit technology that Skechers incorporates into its Skechers Go Walk series and other product lines. SGB Media
-
October 18, 2022
New Balance to establish distribution operations in Lebanon
Major sports footwear and apparel manufacturer to create more than 150 new jobs Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and New Balance Athletics officials today announced the leading athletic footwear and apparel manufacturer will invest $68.5 million to establish a new distribution center...
-
October 18, 2022
New York Sports Club (NYSC) Announces the Acquisition of Fhitting Room
NEW YORK, Oct. 18, 2022 -- New York Sports Club ("NYSC" or the "Company") and its family of brands, one of the largest privately held fitness operators in the U.S., announced today the acquisition of Fhitting Room, a leading NYC based boutique fitness brand. Founded in 2013, Fhitting Room is known for its HIIT and...
-
October 18, 2022
The Professional Triathletes Organisation Announces Chris Kermode As Its New Chairman
18 October 2022. London, UK /ENDURANCE SPORTSWIRE/ – The Professional Triathletes Organisation (PTO) today announced the appointment of Chris Kermode as its new Executive Chairman. Kermode has been on the PTO’s Board of Directors since July 2020 and is one of the most experienced administrators in world sport. He moves into the role...