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 16, 2021
Velocity Indoor Cycling App Acquires PerfPro and Adds Drew Hartman to Team
Highland Park, Illinois, August 16, 2021 - Vision Quest Velocity LLC, a performance-driven cycling app, has acquired PerfPro Software Suite and added Drew Hartman, founder of PerfPro and Hartware Technologies, to the Velocity team. PerfoPro Software Suite, which includes PerfPro Studio and PerfPro Analyzer, is one of the most established...
-
August 14, 2021
OutsidePR Welcomes New Clients and Two New Hires
SAUSALITO, Calif. – OutsidePR, a leading consumer public relations agency with a boutique focus on the outdoor lifestyle, today announced the arrival of three new clients and two new hires. The agency is proud to be added to the roster of PR agencies working with one of the fastest-growing beer...
-
August 13, 2021
Asics North America Sales Surge In Second Quarter
Asics’ performance run category grew by 51.8 percent in the United States year-over-year for the region buoyed by the success of the Gel-Kayano and Gel-Nimbus. SGBMedia
-
August 13, 2021
Kane Footwear and Equinox Partner to Promote Athlete Recovery
Westport, CT (August 13, 2021) — Kane Footwear, an emerging leader in sustainable, active recovery footwear, is excited to announce a new partnership with luxury lifestyle leader Equinox. The venture will expand Kane’s reach to offer the Revive recovery slip-on in The Shop at Equinox, accessible online and at select...
-
August 13, 2021
Council for Responsible Sport to assist leading sports organizations in their quest for a more sustainable future – Will offer formal certification to recognize positive actions and more responsible approaches to the business of sport
Portland, OR August 13, 2021 –– After thirteen years of certifying hundreds of individual sporting events around the world, the Council for Responsible Sport (Council) now announces the release of the Responsible Sport Standard for Organizations, enabling the voluntary pursuit by multi-event sport organizations to assess their activities against exacting...
-
August 12, 2021
Authentic Brands to Acquire Reebok for $2.5B
ABG reportedly made an offer in May to acquire Reebok for $1 billion but withdrew its bid two months later due to adidas’ demands that ABG operate the brand as a standalone business. Now, ABG will pay more than double its initial bid for the footwear and clothing company. FOS
-
August 11, 2021
New Balance sues Michael Kors over letter ‘N’ shoe design
Running shoe maker New Balance Athletics sued luxury brand Michael Kors in Boston federal court on Wednesday, alleging two pairs of its shoes use a letter "N" in their designs that infringes New Balance's trademarks. Reuters
-
August 11, 2021
UltrAspire Reports 54% Growth in the First Half of 2021
UltrAspire, a leader in hydration and waist lighting has rooted its foundation in the athletes in which they serve. Standing firm in the core value, Inspired by Athletes, UltrAspire works directly with them to introduce new concepts and innovations that are viable, practical, and functional. This process of transparency and...
-
August 10, 2021
NBC’s Lowest Olympic Ratings Ever
The network saw its lowest ratings ever for the Summer Games since acquiring broadcasting rights in 1988, bringing in an average of 15.5 million prime-time viewers — a 42% decrease from the 26.7 million viewers during the 2016 Rio Games, and an even bigger fall from the 31.1 million who watched the...
-
August 10, 2021
Aqualung Group Appoints Kendall Brandau as Director of Go-To-Market, North America
VISTA, Calif. (August 10, 2021) – Aqualung, the leading global designer and manufacturer of dive and water sports gear, today announced it has appointed Kendall Brandau as Director of Go-To-Market, North America. Brandau will play a key role in helping to coordinate the planning, development and execution of go-to-market activities...
-
August 10, 2021
Pho3nix Launches Futures Program
The Pho3nix Foundation today has launched Pho3nix Future, a mentoring and educational program supporting the sports careers and long-term development of young athletes. The main goal of Pho3nix Future is to equip young athletes with the skills, knowledge, and personal development needed to flourish in a professional sports career and...
-
August 10, 2021
Marathon-Photos now LIVE in UK
August 10, 2021. World-leading endurance photography company Marathon-Photos.com has forged ahead with LIVE photography since introducing its new service and website in April. This weekend, MarathonPhotos.Live officially launched in the UK. Athletes in London Triathlon – and their supporters – could see their photos online within seconds of passing a camera...
-
August 9, 2021
Planet Fitness Sees Q2 Sales Climb 241 Percent
Total revenue increased from the prior-year period by 241.1 percent to $137.3 million. The fitness chain also said it added 700,000 net new members since the end of its first quarter, marking six consecutive months of net membership growth. SGBMedia
-
August 9, 2021
Brooks Running Revenue Grew 75% in Q2 as It Continues to Steal Share in Women’s From Nike and Adidas
The running shoe brand, which is a subsidiary of Berkshire Hathaway Inc., reported that its global revenue rose 75% in Q2 of 2021 compared to 2020. Overall, revenues for Berkshire Hathaway’s consumer units, which include its apparel and footwear operations such as Brooks, increased about $1.5 billion, or 68%, in Q2. FN
-
August 6, 2021
Dorel Sports’ Q2 Revenues Climb 11 Percent
Dorel Industries reported its Dorel Sports brands, which include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse, posted its ninth consecutive quarter of revenue growth. Revenue in the segment was US$317.3 million, an increase of US$31.7 million, or 11.1% from last year. Six-month revenue increased to US$587.7 million, up US$113.8 million,...
-
August 6, 2021
Pedego’s $121 million progress is a classic e-Bike biz story
Pedego has this week revaeled that in the past 12 months the business has turned $121 million in retail sales, illustrating that a shift in the demographics buying is accelerating the pace of e-Bike adoption. Cycling Industry News
-
August 6, 2021
Iconic La Ruta Mountain Bike Race Expands Beyond Costa Rica to Europe
TENERIFE, SPAIN (August 6, 2021) – Heading into its 28th season, organizers of the historic La Ruta® mountain bike stage race have announced the event’s expansion into Europe, marking the first new region in its targeted global growth. La Ruta is the first known multi-day mountain bike adventure race, which...
-
August 5, 2021
Levi Strauss & Co. to Acquire Activewear Brand Beyond Yoga
The acquisition will bring the athletic and lifestyle apparel brand Beyond Yoga brand to more consumers through direct-to-consumer expansion, including brick-and-mortar retail, gender and category growth, and further develop its wholesale footprint with premium partners. With this transaction, LS&Co. enters the activewear category. Businesswire
-
August 5, 2021
Adidas Revenue Up 51% in Q2
Adidas released second-quarter earnings Thursday, and sales are strong everywhere except China. Quarterly revenue was up 51% year-over-year to $6 billion. Net income hit $470 million, a sharp pivot from the net loss of $349 million during the same quarter last year. It expects sales to increase by up to...
-
August 5, 2021
USA Cycling Seeing Unprecedented Numbers in Participation and Support from Pro and Amateur Cyclists and Partner Brands
Aug 5, 2021 (COLORADO SPRINGS, CO) - Growth in the cycling industry is evident far and wide and USA Cycling is seeing those same unprecedented numbers in interest and participation. As the national governing body of cycling, the organization is pleased to report record participation in many National Championships events,...
-
August 5, 2021
TriBike Transport Announces Partnership With TOUGHMAN Triathlon
Asheville, North Carolina (August 5th, 2021) - TriBike Transport of Asheville, NC, the trusted, experienced, and service-driven bike transport company, is partnering with TOUGHMAN Triathlon for the USAT Long Course Championship September 25 - 26, 2021. TBT is committed to safe, efficient, and hassle-free transportation and logistics. They will be...
-
August 4, 2021
Peloton is updating its treadmills to again be useful without a subscription
Peloton is updating its treadmills to again be useful without a subscription to the Peloton All-Access Membership, but the software update in June made a $40-a-month subscription mandatory. The Verge
-
August 4, 2021
Former Nike Manager Sentenced to 31 Months in Prison on Embezzlement Charges
A federal judge on Tuesday sentenced a former Nike Inc. marketing manager to 31 months in prison and three years of supervised release on charges related to embezzlement. Errol Andam, who worked at Nike between 2001 and 2018, was also ordered to pay more than $1.6 million in restitution. FN
-
August 4, 2021
Hydrow In Talks to Go Public at $1 Billion Valuation
Hydrow, seller of connected fitness rowing machines, is in talks with Sandbridge X2 Corp. to go public via SPAC, which would reportedly value the company at more than $1 billion. Front office Sports
-
August 4, 2021
New Funding Enables Kitzuma Cycling Logistics to Continue Rapid Growth
Asheville, North Carolina (August 4, 2021) — Less than a year ago Kitzuma Cycling Logistics disrupted the bike industry with their ready-to-ride, door-to-door, bike-shipping service; now eight months in, with 15 major bike brands as clients, they’ve just successfully closed their first round of funding. They’ll use this fresh influx...