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.
January 26, 2023
Running Specialty Sees Solid Gains In 2022
In a letter to the running specialty industry in its recent newsletter to members, Running Industry Association (RIA) Executive Directory Terry Schalow shed light on trends in the channel and prospects for 2023. The message included data from UQ, the association’s data partner, which analyzes weekly data from reporting retailers....
January 26, 2023
Giant reportedly looking at US$20 million investment in Stages Cycling
According to media reports in Taiwan, leading global bike manufacturer Giant Group is looking to invest US$20 million in the power meter and indoor cycling brand Stages Cycling. Giant reportedly held an interim board meeting last week – with a strategic investment in Stages expected to be made via Giant’s...
January 25, 2023
Adidas, MSG Sports Among Backers of Sapphire Sport’s Venture Fund
Some of the largest companies in sports have invested in a new venture capital fund. Sapphire Sport has raised $181 million from a group of investors that include Sinclair Broadcast Group, Adidas, Madison Square Garden Sports, Arctos Sports Partners, City Football Group, and AEG Worldwide. The fund will focus on investments in sports, media,...
January 24, 2023
Strava will add high-res 3D maps for outdoor activities
Strava routes are about to get three-dimensional. The popular fitness social network announced today that it’s acquired Fatmap, a mobile app known for its 3D maps for outdoor sports like hiking, trail running, skiing, and mountain biking. The Verge
January 20, 2023
The Fallout from the Pandemic Bike Boom
A month after lockdowns had them wondering about their future in the spring of 2020, they suddenly couldn’t keep up with demand. For a year and a half, staff worked overtime as Americans rolled out their dusty steads or bought new ones. A 50 percent increase in riding, plus supply...
January 20, 2023
The Pro’s Closet has another round of layoffs
The company that began in 2002 as an eBay store for pre-owned bikes and quickly expanded in size and workforce did not say how many employees were affected. In October, The Pro's Closet reduced its workforce by 15%. Bicycle Retailer
January 19, 2023
The Pro Trail Runners Association: Trail Running’s First Union
As the sport grows, professional athletes are banding together to create a group that can lead the way on issues like doping, contract clarity, and race schedules. Here’s what it means for the future of the sport. Trailrunner
January 18, 2023
Wahoo Fitness’ Debt Ratings Lowered On Potential Default
S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall. S&P lowered its issuer credit rating on the company to ‘CCC-‘...
January 18, 2023
SRAM v Princeton ‘humpback whale wheel’ lawsuit goes to jury trial
Two years after SRAM accused US wheel brand Princeton CarbonWorks of infringement on two of its patents relating to the wavy rim design of the Zipp 454 NSW, the case is heading to court. In advance of a two-week jury trial beginning on February 13, the judge has granted each...
January 18, 2023
Salomon and Hoka Were the Fastest Growing Sneaker Brands on StockX in 2022
In its latest “Big Facts” report, StockX confirmed that the fastest-growing sneaker brand on the marketplace was Salomon. StockX revealed in the report that Salomon experienced 2,277% trade growth in 2022 over 2021. Following Salomon was Hoka, which experienced 713% trade growth. FN
