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 9, 2023
Life Time revenues up 38% as fitness centers rebound
Most of Life Time’s business — 97% — comes from its 171 large format fitness centers in the U.S. and Canada. However, Life Time’s remaining revenue of $53 million came from cycling and running events as well as some other miscellaneous sources. Revenues in the "other" category was up 69%...
March 9, 2023
USA Cycling Names Margell Abel as Collegiate Director
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – USA Cycling is proud to introduce Margell Abel as its new Collegiate Director. In this role, Margell will elevate the collegiate cycling racing experience. Margell has been an avid cyclist since the 1990s and has been a rider, racer, coach, and race organizer. Abel currently...
March 9, 2023
Pro Triathlete Matt Hanson Joins UESCA as Director of Triathlon Programming
Highlands Ranch, CO – March 9, 2023 /ENDURANCE SPORTSWIRE/ - United Endurance Sports Coaching Academy (UESCA) is excited to announce that professional triathlete and coach, Dr. Matt Hanson is joining UESCA as the Director of Triathlon Programming. “When it comes to triathlon, Matt is a unicorn,” stated UESCA founder, Rick...
March 9, 2023
Ultra X and ASICS Announce Partnership to Elevate Multi-stage Ultra Marathon Events
/ENDURANCE SPORTSWIRE/ - Ultra X, leading ultra-marathon event company, has announced a new partnership with ASICS, the performance running brand. The partnership will see ASICS become the Official Footwear and Apparel Partner of Ultra X events for all UK events. Ultra X was founded in 2018 and has quickly become...
March 8, 2023
Sixteen Individuals Selected to be USABA Sport Ambassadors for 2023
Colorado Springs, Colo. (March 8, 2023) /ENDURANCE SPORTSWIRE/ - The U.S. Association of Blind Athletes (USABA) is pleased to announce 16 individuals who will serve as the organization’s sport ambassadors for 2023. Now in its second year, the USABA Sport Ambassador Program utilizes key stakeholders within the blind and visually...
March 8, 2023
Enduro Bearings Solidifies Distribution Partners and Expands Product Availability in Canada and Central America
Oakland, California /ENDURANCE SPORTSWIRE/ - Enduro Bearings, in its ongoing efforts to grow distribution across the world, is announcing multi-year distribution agreements with Orange Sport Supply in Canada and Grupo GL in Central America. Grupo GL will represent Enduro Bearings in Costa Rica, El Salvador, Nicaragua, Guatemala, Honduras, Panama and Belize....
March 8, 2023
Peloton, iFit hit with US import ban over streaming technology
In a 2021 complaint filed with the ITC, Dish and its Sling TV unit accused Peloton and iFit of infringing four patents for video-streaming technology through imports of products that stream at-home fitness content. These included Peloton bicycles and treadmills and iFit NordicTrack bicycles and ellipticals. Reuters
March 8, 2023
Life Time Group Holdings, Inc. (LTH) Tops Q4 Earnings and Revenue Estimates
This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.07, delivering a surprise of 22.22%. Yahoo
March 7, 2023
Zwift Announces New Layoffs Reducing 15% of Workforce
Zwift has internally announced a restructuring that is resulting in a reduction of the workforce by 15%, or approximately 80 people in total. The change is largely coming out of a “fresh look” at things with Zwift’s recently added co-CEO, Kurt Beidler. Kurt came from Amazon back three months ago in...
March 7, 2023
Dick’s Sporting Goods’ Third Straight Record Year
Dick’s Sporting Goods has pulled off a third consecutive record year. The sporting goods giant topped itself yet again with full-year net sales of $12.37 billion, a 0.6% year-over-year increase and a 41.3% increase from 2019. Net income for the year fell to $1 billion from $1.5 billion in 2021....