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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August 6, 2024
New Track Cycling League Set to Launch in 2025
August 6, 2024 /ENDURANCE SPORTSWIRE/ - Organizers of TeamTrak Cycling League are set to launch in 2025 with a cycling property designed to thrill the most ardent sports fan. With a portable and expandable indoor track with up to 50-degree bank turns, elbow-to-elbow racing in a short and entertaining format...
August 5, 2024
More layoffs at Rad Power Bikes as Seattle e-bike maker aims to ensure ‘brand’s longevity’
Seattle-based Rad Power Bikes made more cuts to its workforce in July, the latest in a wave of layoffs that have impacted the well-funded electric-bike startup. A spokesperson for the company declined to share how many positions were impacted and which departments were part of the reduction. TechCrunch first reported...
August 1, 2024
Hoka Continues to Expand Wholesale Reach, Plans Apparel Push in Future
Hoka continues to post blockbuster results for parent company Deckers Brands, with double-digit growth in both wholesale and DTC channels in the quarter ended March 31. Hoka’s revenue increased 30% to $545 million during the quarter. DTC revenue jumped 33%, while wholesale rose 28%. The Daily Outdoor
August 1, 2024
Bike product sales down almost 40% at Fox Factory in the first half
Fox Factory says "ongoing channel inventory recalibration and, to a lesser extent, lower-end consumer demand" contributed to a decline in sales of bicycle products in its fiscal first half and second quarter, announced Thursday. Fox said sales of its bike products in the half were down $87.9 million — or...
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August 1, 2024
Marathon Tours & Travel partner with Coopah, the run coaching app empowering their customers with personalised training solutions
1st August 2024, Manchester UK /ENDURANCE SPORTSWIRE/ – Marathon Tours & Travel (MTT) is the world’s largest specialist running travel brand, providing comprehensive travel packages for runners that include guaranteed entry, transfers, accommodation, and expert team support for some of the most popular events around the world. Proud partners of the...
August 1, 2024
Life Time Holdings Q2 Profit Surge on High-Teens Revenue Growth
Life Time Group Holdings, Inc. reported second quarter revenue increased 18.9 percent year-over-year to $667.8 million, which was attributed to continued growth in membership dues and in-center revenue, and driven by an increase in average dues, membership growth in its new and ramping centers, and higher member use of its in-center offerings. Center...
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July 31, 2024
The IRONMAN Group Promotes Michelle Pepper to Managing Director of Oceania
SYDNEY, Australia / TAMPA, Fla. (July 31 2024) /ENDURANCE SPORTSWIRE/ - The IRONMAN Group is pleased to announce that Michelle Pepper has been promoted to the role of Managing Director for Oceania. Pepper is taking over the role from Geoff Meyer who has retired as of the end of July....