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.
March 27, 2025
REI stores add Rocky Mountain and Van Rysel bicycles
REI announced Thursday that its retail store will be offering mountain bikes from Rocky Mountain and road and gravel bikes from Van Rysel this year. Bicycle Retailer
March 26, 2025
On, Canyon & Sailfish get-together to launch On Triathlon Academy
Swiss sportswear brand On has announced the launch of the On Triathlon Academy, which is billed as… ‘a pioneering initiative designed to nurture and empower the next generation of triathlon champions.’ Endurance.Biz
March 20, 2025
NIKE, Inc. Reports Fiscal 2025 Third Quarter Results
NIKE, Inc. reported fiscal 2025 financial results for its third quarter ended February 28, 2025. Third quarter revenues were $11.3 billion, down 9 percent on a reported basis compared to the prior year and down 7 percent on a currency-neutral basis*. NIKE Direct revenues were $4.7 billion, down 12 percent...
March 19, 2025
ThredUp’s 13th Resale Report Shows Online Resale Saw Accelerated Growth in 2024 and Is Expected to Reach $40 Billion by 2029
ThredUp, one of the largest online resale platforms for apparel, shoes, and accessories, today released the results of its 2025 Resale Report. Yahoo Finance
March 19, 2025
EXEC: The Footwear Brands Bringing the Heat in 2025
L.E.K. said the leading footwear brands are more consistent across genders than apparel brands, with around 24 brands showing up in its Top 10 for Women’s and Men’s footwear in their respective categories. SGB Media
March 18, 2025
EXEC: Saucony and Merrell Grow 57 Percent in China in 2024; Saucony Hits Benchmark
Xtep International Holdings, Ltd. (Group), the owner of the Xtep brand globally and the Saucony and Merrell brands in the Greater China market, reported in its 2024 Annual Report that revenue of the Group’s continuing operations increased by 6.5 percent to RMB13.6 billion in 2024, compared to RMB12.7 billion in...
March 18, 2025
EXEC: Giant Group Posted Big February Shipment Growth Before Tariffs Hit
February shipments for Gian Group increased 30.9 percent year-over-year to NT$5.4 billion, pushing the two-month year-to-date period up 13.1 percent through February to NT$10.1 billion. SGB Media
March 17, 2025
Giant profits plummet by 60% as inventory woes and heavy discounting bite, but bike brand confident of “recovery” in 2025
The positive take on the figures, first reported by Bicycle Retailer and Industry News(link is external), is that sales were actually only down 7.4 per cent on 2023 and still exceeded pre-pandemic levels, Giant stating that the "over-inventory situation continues to improve. Road.cc
March 14, 2025
Rad Power Bikes Appoints New CEO after Phil Molyneux’s Departure
Rad Power Bikes (RPB) has appointed former Bartell Drugs CEO Kathi Lentzsch as its new chief executive officer, closing the loop after the surprising departure of former CEO Phil Molyneux. SGB Media
March 14, 2025
Chains subject to steel tariffs; some cables and other products, too
The 25% U.S. tariffs on steel and aluminum that took effect Thursday apply to bicycle chains, some bike cables, perhaps some locks, and a wide variety of hardware and other products that are used in bike shops and by manufacturers. Bicycle Retailer