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.
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...
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...
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
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...
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
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...
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...
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...
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
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...
