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 3, 2023
Hi-Torque closes Road Bike Action and Electric Bike Action magazines
Hi-Torque Publications has laid off at least three editors at its road bike and e-bike media titles. The publisher plans to close Road Bike Action and Electric Bike Action, which have print titles and websites. Hi-Torque is continuing to publish Mountain Bike Action, which is edited by Ron Koch. BRAIN
March 3, 2023
Xponential Fitness Revenue Surges 58%
Xponential Fitness, which claims it’s the largest global franchisor of boutique fitness brands, reported a 44% year-over-year increase in fourth-quarter revenue to $71.3 million and a 58% increase in full year revenue to $245 million. The company posted a net loss of $400,000 for the three months that ended Dec....
March 3, 2023
Cycling journalists form Escape Collective following layoffs, exodus from Outside
In its first 24 hours of selling $99-a-year memberships, the Escape Collective has enlisted thousands of subscribers, said Caley Fretz, a Durango-based cycling journalist who co-founded the new venture with editor Wade Wallace, who founded the influential Cycling Tips in 2008 and left his creation last year. The Colorado Sun
March 3, 2023
Cyclologic takes equity stake in bike fit company Velogic; Paraic McGlynn to join as CEO
/ENDURANCE SPORTSWIRE/ – Velogic Limited, a producer of bike fit systems based in New Zealand, today announced that Cyclologic, a global leader in cycling performance analysis, equipment, and education,will take an equity stake in Velogic, with Paraic McGlynn joining as Chief Executive Officer. McGlynn replaces Darren Bruning as Velogic’s CEO. Bruning...
March 2, 2023
PeopleForBikes Supports NYC Council Legislation on Electric Bicycles and Lithium Ion Batteries
BOULDER, COLO. (March 2, 2023) /ENDURANCE SPORTSWIRE/ - PeopleForBikes commends the City of New York on taking action to mitigate the increase in fires from lithium ion batteries. On March 2, The New York City Council approved Int 0663-2022, the very first law in the United States to specifically require...
March 2, 2023
Should the bike industry fear a takeover from the auto industry?
The number of brands and bike models and sizes per brand is mind boggling. There is a lot of change every season and trends come and go fast. With this setup, the effort for one bike model will naturally be lower than for a car model that will be in...
March 1, 2023
Fast-growing e-bike company Velotric raises $7.4M USD Series A
Velotric, a leading innovator in the electric bike market, announced today that it has successfully raised a $7.4 million USD Series A round, bringing the total raised to $12 million USD in its first year. Funding has come from Redpoint China Ventures, Fosun RZ Capital, Uphonest Capital, and Lime Cofounders...
March 1, 2023
U.S. Naval Academy Becomes 13th NCAA Division I Program and First Military Academy to Offer Varsity Women’s Triathlon
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – USA Triathlon and the United States Naval Academy today announced the U.S. Naval Academy in Annapolis, Maryland, will become the 13th NCAA Division I program, and the first U.S. military academy, to offer women’s triathlon at the varsity level. A member of the Patriot League,...
February 28, 2023
Americans have changed the way they exercise. Here’s how gyms are adapting
Post-pandemic, the surge in the popularity of weight training has helped the gym industry recover. The number of gym memberships in the United States increased 3.6% in 2021 from pre-pandemic levels, according to the latest data from IHRSA, a trade association for the fitness industry. CNN
February 28, 2023
Introducing Elevate 2028: USA Triathlon Foundation’s 2023-2028 Strategic Plan
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – The USA Triathlon Foundation today unveiled Elevate 2028, the organization’s 2023-2028 Strategic Plan, which outlines the path toward increasing philanthropic support, encouraging a culture of philanthropy, and providing a greater impact for donors and members of the multisport community. The USA Triathlon Foundation raises funds for...
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