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.
September 16, 2024
Lolë acquires cycling and sports brands owned by Louis Garneau Sports
Athletic wear brand Lolë has announced the acquisition of Louis Garneau Sports, a known company in the field of cycling and sports equipment with three brands: Garneau, Sugoi and Sombrio. The company said in a release that the strategic acquisition marks an important step in Lolë's expansion and strengthens its...
September 13, 2024
The downfall of run clubs? How capitalism has hijacked the community
A few months back, the New York Times branded running clubs the latest substitute for dating apps, capturing a growing trend that gained momentum as the pandemic upended our social lives. Run clubs offer people a way to connect in the real world, away from the confines of our phones. But the...
September 12, 2024
Oura Acquires Veri Amid Wider Metabolic Health Push
Oura, makers of the sleek smart ring, has acquired Veri, a Finnish personalized metabolic health company. The deal is expected to advance the Oura ring to new levels in terms of health data as it goes toe to toe with Samsung’s Galaxy Smart Ring. The two companies have worked together before. Last...
September 11, 2024
Garmin predicts further sales boost as wearable fitness tech surges
Wearable technology giant Garmin has predicted its European sales will surge by 14 per cent in 2024 thanks in part to new products being launched. The Southampton-headquartered division made the forecast in newly-filed accounts with Companies House which revealed an increase in both its turnover and pre-tax profit during 2023. The results show that...
September 10, 2024
Giant Group Ekes Out Another Sales Increase in August Against Easy Comps
The Giant Group saw its year-over-year sales picture improve for the second month in a row in August. The Taiwan-based bike manufacturer reported a 2.0 percent year-over-year increase in sales for the month to NT$6.86 billion. The increase was more moderate than the 16.6 percent increase in July. Still, it...
September 4, 2024
Fired pro cyclist Andrea Piccolo turns to OnlyFans
In June, EF Pro Cycling announced the immediate termination of its contract with Italian rider Andrea Piccolo. This decision came after the 23-year-old was involved in two substance-related incidents, one legal and one not. In a statement on X, the team confirmed that the contract was terminated effective immediately. Piccolo...
September 4, 2024
Dick’s Sporting Goods Raises Outlook Following Strong Q2
Dick’s Sporting Goods raised its 2024 outlook on Wednesday morning after the retailer reported sales and earnings figures that beat expectations. In the second quarter, the sporting goods store’s revenues were $3.47 billion, up 7.8 percent from the same quarter last year and ahead of the $3.44 billion expected by analysts surveyed...
August 30, 2024
Alta Cycling Group downsizes dramatically as Regent waits out industry’s downturn
Alta Cycling Group, the parent of Redline, Diamondback and IZIP, has scaled back significantly as its private equity owners wait out the industry’s current period of discounting and high inventory. Larry Pizzi, the company’s longtime leader, stepped down when his five-year contract ended in late July, he told BRAIN. This...
August 30, 2024
Lululemon cuts guidance, misses sales estimates after botched launch of ‘unflattering’ yoga pants
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch. The company now expects full-year net revenue to be between $US10.38 and $US10.48 billion ($15.4b) down from a previous range of between $US10.7 billion and...
August 27, 2024
New York Road Runners agree to deal with ESPN/ABC for year-round broadcast partnership
The New York Road Runners (NYRR) announced an agreement with ESPN and ABC for a first-of-its-kind, year-round broadcast partnership that will televise its benchmark races, such as the New York City Marathon, NYC Half Marathon, 5th Avenue Mile, and the New York Mini 10K nationally as well as locally for...