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.
August 28, 2022
The Athlete’s Foot Launches a Council With Industry Veterans and Activists Focused on Community Empowerment
The Athlete’s Foot is increasing its focus on community empowerment with the creation of a new council. The Impact Council, according to The Athlete’s Foot, was created with uplifting neighborhoods in mind via initiatives, enrichment and outreach programs. It will cultivate and sponsor programs such as recreational sports leagues, playgrounds, college...
August 25, 2022
Peloton Q4 net loss widens to $1.2B as revenue plummets 28%
Peloton’s Q4 2022 earnings report on Thursday showed revenue dropped 28% year over year from $936.9 million to $678.7 million. Revenue from its connected fitness products fell 55% to $295.6 million, while subscription revenue grew 36% to $383.1 million. Net loss widened 297% to $1.2 billion. Retail Dive
August 24, 2022
Is the Great Bicycle Shortage Coming to an End, or Just Getting Started?
Depending on where you live and the types of shops around you, finding the perfect bike can still be a difficult task, even if conditions are improving. The bicycle market, in particular, was acutely impacted by shortages early in the pandemic. With people slowly getting ack to normal life, the...
August 24, 2022
Peloton expanding distribution to Amazon
Peloton will expand the distribution of its bike, Guide, and selected accessories and apparel to Amazon's U.S. stores. Bike delivery will be available to most in the U.S. Products and accessories previously were sold exclusively through the brand's e-commerce sites, inside sales channels, and global showroom. Customers can search for...
August 23, 2022
Dick’s Sporting Goods boosts 2022 outlook after second-quarter earnings top estimates
Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting goods retailer said it now expects comparable store sales for 2022 to decline between 6% to 2%. It had previously forecast the figure to be down...
August 23, 2022
Usain Bolt Files Trademark for Victory Pose
Usain Bolt has just filed a trademark for his signature victory pose. The pose in question was first made known to the masses during his record-breaking run at the 2008 Olympics in Beijing. Yahoo Life
August 22, 2022
Adidas Initiates CEO Transition
Adidas AG’s Supervisory Board announced that it has initiated a CEO transition. Kasper Rorsted, CEO of Adidas, and the Supervisory Board have mutually agreed upon that Rorsted will hand over the CEO position during the course of 2023. The search for a successor has started. SGB Media
August 18, 2022
Nike And Adidas Settle Flyknit Infringement Lawsuit
Nike filed paperwork with the U.S. District Court in Portland, OR, to settle its patent infringement lawsuit against Adidas over the alleged use of Nike’s knitted footwear technology. Nike charged Adidas had stolen its “game-changing” Flyknit technology to craft one-piece knitted uppers for sneakers that use fewer materials and generate...
August 18, 2022
PushPress Secures $11 Million in Series A Funding Led by Altos Ventures
PushPress, Inc., a trailblazing fitness studio management software company, announced it has successfully raised $11 million in Series A funding led by Altos Ventures, with participation from Mucker Capital. Founded in 2013, PushPress is on a mission to make gym management the easiest part of running a fitness business through...
August 16, 2022
SKion takes 20% stake in battery manufacturer BMZ
Investment company SKion GmbH has announced that it has taken a 20% stake in battery manufacturer and supplier to the bike industry BMZ. For SKion the investment is aligned to the investment targets related to renewable energy, plus circular economy. BMZ puts cells through a second life upon reclamation and has...