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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February 9, 2022
Daniel Benson appointed as new Editor-In-Chief of VeloNews
VeloNews, a leader in cycling news, race results and bike reviews, and owned by Outside Interactive, has confirmed the appointment of Daniel Benson as the media title’s new Editor-In-Chief. In his new role, Benson will be responsible for running the global editorial team, commissioning content, enhancing WorldTour coverage, and expanding...
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February 9, 2022
Shimano’s Sales Climb 45 Percent In 2021
Shimano, Inc. reported sales in 2021 increased 44.6 percent from the previous year to ¥546,515 million. Operating income increased 79.3 percent to ¥148,287 million, ordinary income increased 87.3 percent to ¥152,562 million, and net income increased 82.7 percent to ¥115,937 million. SGB Media
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February 9, 2022
Private equity biz acquires drivetrain maker enviolo
Electric bike drivetrain specialist enviolo has been acquired by mid-market private equity business Inflexion in a deal said to be worth $245 million. In the news late last month, enviolo has just moved in to new Amsterdam and Zwolle premises in preparation for the next stage of growth. Transmission products,...
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February 9, 2022
Peloton CEO Barry McCarthy’s first all-hands meeting ends early as laid-off employees crash it
Peloton held a virtual all-hands meeting Wednesday that was meant to introduce its new CEO, Barry McCarthy. Instead, a conversation between McCarthy and former CEO John Foley ended early, according to three people familiar with the details of the meeting. CNBC
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February 9, 2022
Velosock Returns to Challenge Family in Multi-Year Partnership
/ENDURANCE SPORTSWIRE/ - Challenge Family has today renewed its partnership with award-winning bike cover specialists, Velosock, to further add value to the Challenge Family athletes’ journeys as they prepare for their triathlon goals. Together, Velosock and Challenge Family will work on innovative bike covers specifically designed to ensure safer bike transportation...
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February 8, 2022
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post Summary: Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board. Peloton plans to cut 2,800 jobs, or about 20% of corporate positions. CNBC
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February 8, 2022
€270,000 Worth of Shimano Bike Parts Stolen in Dramatic Heist
A Czech bike manufacturer called Bike Fun International was expecting a shipment of Shimano components necessary to produce 10,000 bikes. That shipment never made it. On January 21, somewhere in Germany, the truck driver transporting the container packed with Shimano’s finest pulled into a rest stop. Like something out of...
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February 8, 2022
Alchemy Bikes Creates Certified Service Center Network with Beeline Connect
Denver, Colorado (February 8, 2022) /ENDURANCE SPORTSWIRE/ - In an innovative effort to improve service options on their direct-to- rider bikes, while also advancing its commitment to bike shops, Alchemy Bikes is excited to announce it is expanding its relationship with Beeline Connect to establish a nationwide network of Certified Alchemy ...
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February 8, 2022
CREDO Tri Forms a Partnership with Hyperspace Ventures
Fort-Lauderdale, FL February 8th, 2022 /ENDURANCE SPORTSWIRE/ - CREDO Tri, the revolutionary motivational triathlon app, announced today the company has inked an equity partnership with Hyperspace Ventures, a software development and venture capital firm specializing in sports tech. Launched in December 2021, CREDO Tri is the only provider of daily motivational...
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February 8, 2022
Outside Interactive, Inc. Appoints Daniel Benson as New Editor-In-Chief of VeloNews
BOULDER, CO — February 8, 2022 /ENDURANCE SPORTSWIRE/ - VeloNews, a leader in competitive cycling news, race results, and bike reviews, and owned by Outside Interactive, Inc., today announced the appointment of Daniel Benson as the new Editor-In-Chief. As the previous Editor-In-Chief at CyclingNews, a major news site for racing...
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February 8, 2022
RunSignup Introduces TicketSignup, a Free Ticket Event Platform
/ENDURANCE SPORTSWIRE/ -RunSignup is proud to announce TicketSignup, an offering that provides event directors with an intuitive and free event ticketing option that works for simple, complex, and multi-day events. TicketSignup provides event directors with all the tools they need for a successful event, including free email marketing, free websites,...
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February 7, 2022
ShowcasedChamois Butt’r welcomes Aaron Apel from Gravel City Adventure & Supply Co. to its growing Operations Team
Pleasant Valley, MO /ENDURANCE SPORTSWIRE/ - Chamois Butt’r is growing its Kansas City staff to seven, with the addition of Aaron Apel. Aaron joins the Chamois Butt’r operations team to work directly with Chamois Butt’r Chief Operating Officer, Curt Shelman. “Aaron will focus on implementation of organizational and strategic initiatives that...
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February 7, 2022
USA Cycling Partners with Fast Talk Labs and Joe Friel for New Coaching Development and Education Platform
February 7, 2022 – Boulder, Colorado, USA /ENDURANCE SPORTSWIRE/ - USA Cycling and Fast Talk Laboratories have announced a new partnership to improve cycling coach development and education. Through this partnership, all active USA Cycling licensed coaches get free access to Fast Talk Laboratories and its growing knowledgebase that includes...
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February 7, 2022
Pro Triathlete and Paralympic Guide Jillian Elliot Joins Team MPI Coaching Team
Boise, ID (February 2022) /ENDURANCE SPORTSWIRE/ - Team MPI is thrilled to welcome professional triathlete and paralympic guide Jillian Elliot to the coaching team! Jillian brings a wealth of experience racing around the world. During her professional career, she specialized in non-drafting Olympic distance races. Jillian enjoyed great success in...
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February 5, 2022
Amazon is exploring offer for Peloton, source says; report says Nike also weighing bid
Peloton Interactive Inc (PTON.O) has drawn interest from potential buyers including e-commerce giant Amazon.com Inc , according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist...
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February 3, 2022
Withings Acquires 8fit
Withings announced the acquisition of 8fit, the health, fitness and wellness app. Available in six languages, its offerings include workouts, customized meal plans and self-care to users. This news follows last month’s announcement of Withings’ acquisition of Impeto Medical, a specialist in R&D, manufacturing, and distribution of medical devices for...
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February 3, 2022
Hoka and Ugg Help Deckers Deliver Its Largest Quarter Ever
Deckers Brands delivered its largest quarter in history for the third quarter of 2022 despite ongoing supply chain issues and a slowdown in its Sanuk and Koolaburra brands. The footwear conglomerate – which also owns Hoka, Ugg, and Teva – reported a revenue increase of 10.2% to $1.188 billion in...
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February 3, 2022
Skechers Just Had Its Best Year Yet, Thanks to DTC Sales and a Strong Supply Chain
The fast-growing comfort focused footwear brand managed to break four quarterly sales records throughout the year and set a new record for full year sales in 2021 at $6.29 billion. In the fourth quarter, Skechers unveiled sales of $1.65 billion, marking a year over year increase of 24.4%. Net earnings...
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February 3, 2022
ASICS Ventures Invests In RUN. EDGE. Limited, A Provider Of Video Search And Real-Time Analytics Services In Sports And Enterprise Field
RUN. EDGE is a startup company, which was carved out of Fujitsu Limited in June 2018. With the mission of "Creating new experiences through video and technology”, RUN. EDGE provides video search and real-time analysis platforms in the sports and enterprise fields including education. ASICS
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February 3, 2022
Peloton’s Bikes Spur Effort by NordicTrack Maker to Bar Imports
NordicTrack maker iFit Health & Fitness Inc. filed a U.S. trade complaint seeking to block imports of Peloton Interactive Inc.’s stationary bikes, escalating a dispute over home-fitness equipment and adding to Peloton’s woes. Bloomberg
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February 3, 2022
Connected Training App The Breakaway Raises $2.9M To Help Athletes Push Their Limits
Truckee, CA /ENDURANCE SPORTSWIRE/ - On the heels of completing Y Combinator’s 2021 Summer Batch, The Breakaway, has announced the closing of its seed funding round. The Breakaway uses the power data that riders generate on regular indoor or outdoor rides to create personalized assessments, workouts and challenges that help...
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February 2, 2022
Asics Raises Outlook For The Year
Asics Corp. in a regulatory filing increased its sales and earnings guidance for its year ended December 31. The Japanese-based company cited a better-than-expected performance in Performance Running and Core Performance Sports, as well as in Europe and Greater China. SGB Media
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February 2, 2022
Predictive Fitness, InsideTracker Join Forces to Deliver Personalized Nutrition and Training Insights to Triathletes
SOUTHLAKE, TX /ENDURANCE SPORTSWIRE/ - Predictive Fitness, makers of TriDot, today announced a partnership with InsideTracker, the leading truly personalized performance and nutrition system, which will enable users to further optimize results with science-backed insights and recommendations based on blood, DNA and fitness tracker data. As part of the partnership,...
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February 2, 2022
Feisty Media launches The Women’s Performance Podcast to help active women feel and perform their best
Victoria, BC— February 2, 2022 /ENDURANCE SPORTSWIRE/ - Feisty Media is releasing its 8th podcast with a focus on connecting active women to relevant information that will help them meet their goals. The podcast will focus on the four pillars of women’s performance: physiology, nutrition, mental health, and culture. Weekly...
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February 1, 2022
NYT reports Alberto Salazar’s lifetime Safe Sport ban is for sexual assault
In July 2021, former Nike Oregon Project head coach Alberto Salazar, who had been banned from coaching in 2019 for doping violations, received a permanent, lifetime coaching ban from the U.S. Center for SafeSport for sexual misconduct, and his attempt to appeal the decision was denied. It was previously understood...