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.
July 19, 2023
Thule Inc’s Q2 Sales Fall on Continued Cycling Inventory Imbalances
Thule Inc. reported another challenging quarter as sales fell 15 percent in the Swedish company’s second quarter. The decline was blamed on continued weak bike-related product sales as retailers continue to focus on reducing inventory levels. The maker of car racks and bike accessories indicated inventories had returned to more...
July 19, 2023
Carbitex Announces Leadership Appointments, Manufacturing Shift
KENNEWICK, Washington (July 19, 2023) /ENDURANCE SPORTSWIRE/ – Carbitex – the leader in flexible carbon fiber composites focused on footwear, travel, and accessories – is pleased to announce key updates that will further strengthen its position in the market and enhance the customer experience both in the United States and abroad....
July 19, 2023
RBC GranFondo Whistler announces new military categories in support of Invictus Games Vancouver Whistler 2025
[Vancouver / Whistler, BC]/ENDURANCE SPORTSWIRE/ - In April 2022, Prince Harry, The Duke of Sussex, announced as the Founding Patron of the Invictus Games Foundation that the bid for the Invictus Games 2025 had been awarded to Canada. The Games will occur from February 6 to 17, 2025, in Vancouver...
July 19, 2023
Triathlon Coach Jim Vance Joins 80/20 Endurance to Lead Coach Education Programs
Lehi, UT /ENDURANCE SPORTSWIRE/ – 80/20 Endurance, a leading provider of online training resources for endurance athletes, is pleased to announce the appointment of veteran triathlon coach Jim Vance as the company's Coach Education Leader. In this role, Vance will spearhead efforts to expand and manage the training, education, and support...
July 18, 2023
Giant Group Sales Inch Down in Q2 as June Decline Disappoints
Revenue was for the Taiwan-based bike manufacturing company totaled NT$22.42 billion (US$ 730.3 mm) in the second quarter, a decline of 1.24 percent from NT$22.70 billion in Q2 2022. June sales were down 13.5 percent from the prior-year comparable month, following a 3.5 percent decline in May as the declines...
July 18, 2023
RACE RESULTS adds new representative in Argentina
/ENDURANCE SPORTSWIRE/ – Following the high interest in its sports timing solutions and a growing customer base, RACE RESULT has now established a new representative for Latin America. José María Ravera is well known in the sports event industry in the region and valued as professional timer and race organizer for...
July 17, 2023
EXEC: Nike Hit by Lawsuit Over Pocket Bras
Nike is facing a lawsuit in Boston Federal Court by an inventor who claims the sportswear giant stole her technology for a line of sports bras with pockets. In court papers, SherryWear, LLC said its founder, Sherry Goff, first pitched her patented Pocket Bra to Nike in 2015. SGB
July 17, 2023
De Rosa Bicycles announced as Official Bike Partner of RBC GranFondo Whistler 2023
[Vancouver, BC Canada]/ENDURANCE SPORTSWIRE/ - De Rosa Bicycles, one of the world’s most well-known and appreciated bike brands today announced a new partnership with RBC GranFondo Whistler, the first and largest Gran Fondo in North America, becoming the proud Official Bike Partner of the event. To celebrate, De Rosa will...
July 17, 2023
Lauren O’Brien introduced as the VIP and Volunteer Director for FRESHJUNKIE Racing
Baton Rouge, LA/ENDURANCE SPORTSWIRE/ – FRESHJUNKIE Racing (FJR), a leading sports event management company, is pleased to announce the appointment of Lauren O'Brien as the new VIP and Volunteer Director. Lauren brings with her a wealth of experience and a passion for community engagement, making her an invaluable addition to the...
July 14, 2023
Lululemon Lays Off 100 Employees as It Reorganizes Studio Business
Lululemon has laid off about 100 employees as the company restructures its Studio business, a company spokesperson confirmed to FN. The cuts stemmed from Lululemon’s decision to “fully integrate” the recently launched fitness platform within Lululemon, the spokesperson said in a statement, adding that a majority of impacted employees were...