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.
June 5, 2023
New Balance Invests $65 Million in Maine Factory Expansion
New Balance is expanding its athletic footwear manufacturing factory in Maine. The brand announced today that it has broken ground on the expansion efforts to its current Skowhegan, Maine factory. The expansion consists of a 120,000-sq.-ft., single-story addition that New Balance said will be completed by the end of 2024....
June 5, 2023
Bike Retailers Ride Inventory Glut As Demand Softens
As American consumers return to spending money on experiences post-pandemic, they’re not spending nearly as much at bike shops as they did during the COVID-19 outbreak. Thus bike retailers that struggled to keep inventory in stock during the peak demand of the lockdowns and restrictions of 2020-2022 now have too much...
June 5, 2023
European start-up GOFLUO raises €1M to accelerate North American growth with its stylish Bodyglowers
/ENDURANCE SPORTSWIRE/ – GOFLUO, the innovative Belgian fashion brand that fuses style and safety, was founded in 2018 by Julie Vets. The fashion designer and mother of three recognized the need for high-visibility clothing that looked as good as it was safe. With the growing popularity of (e-)bikes, steps and scooters,...
June 2, 2023
Alison Mariella Désir to Appear as Special Guest During 2023 Grandma’s Marathon Weekend
(DULUTH, MINN.) /ENDURANCE SPORTSWIRE/ - Nationally known author and activist Alison Mariella Désir will be a special guest during the 2023 Grandma’s Marathon weekend, making several public appearances throughout the race weekend. Désir is the founder of Harlem Run and author of Running While Black, a book that draws on...
June 2, 2023
Lululemon Powers On, Topping Estimates and Raising Its Outlook
The economic realities of the moment — with worried consumers, high inflation and high interest rates — don’t seem to apply to Lululemon Athletica Inc. Shares of the buzzy active company shot up 13.7 percent on Thursday to $373.37 after it continued to grow rapidly, topping first-quarter profit and sales projections and raising its...
June 2, 2023
Outside Interactive Renews PTO Partnership to Broadcast Full Tour Live Across US & Canada
London, UK/ENDURANCE SPORTSWIRE/ – The Professional Triathletes Organisation (PTO) has announced that Outside Interactive, Inc. will broadcast all its 2023 PTO Tour race live across the United States and Canada on Outside Watch, along with all race preview shows and the 2023 PTO Tour docuseries Beyond Human. Outside Watch is a multi-broadcast...
June 1, 2023
Quality closes its Colorado mechanic school
Quality Bicycle Products has closed its bicycle mechanics school, U of Q, which was previously known as Barnett Bicycle Institute. The Minneapolis-based distributor said its projections pointed toward a decline in enrollment. The closure caused QBP to lay off three employees while registered students were refunded. The school was located...
June 1, 2023
Wolff E-Bikes Now at 130 Dealers in NA; New US Sales Team Adds Momentum
Quebec, Canada (June 1, 2023)/ENDURANCE SPORTSWIRE/ – One of North America’s fastest-growing e-bike brands, Canada’s Wolff E-Bikes, recently added their 130th retailer, with 80 of those in the US. But they’re not stopping there; they also aim to bolster that growth even further with a new US sales team composed of long-time...
June 1, 2023
Lionel University and Spartan Race Join Forces to Revolutionize Exercise Science Education
[Carpinteria, CA, 6/1/2023] /ENDURANCE SPORTSWIRE/ - Lionel University, a leading fully accredited online university with a concentration in Exercise Science, proudly announces its strategic partnership with Spartan Race, the global leader in obstacle course racing. This collaboration marks a groundbreaking venture in the field of exercise science education, as Lionel...
June 1, 2023
Elite continues with GFNY
NEW YORK CITY, June 1, 2023 /ENDURANCE SPORTSWIRE/ - Italy based Elite specializes in the research, development and production of smart trainers, sports bottles, and bottle cages. It’s the number one bike bottle supplier for professional cycling. “Our unwavering dedication to developing products that maximize performance and elevate user experience...
