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.
May 12, 2022
Zwift to ‘pause’ launch of smart bike alongside staff lay-offs
Zwift has announced a round of staff layoffs as well as the “pausing” of its smart bike hardware plans, that were announced just a few months ago. While the numbers of employees affected haven’t been released, the current economic climate is stated as the primary reason behind the online training...
May 12, 2022
CTS Welcomes Cliff Pittman to Ultrarunning Coaching Staff
(Colorado Springs, May 12, 2022)/ENDURANCE SPORTSWIRE/ – CTS, a pioneer in the endurance coaching and camps industry, today announced the addition of Cliff Pittman to the growing CTS Ultrarunning coaching staff. Pittman is the fourth coach to be hired in 2022, joining Addison Smith, Kerry Bonar, and Izzy Forrest. All four...
May 11, 2022
PeopleForBikes Coalition Board Meets to Discuss 2022 Objectives, Data Investment and Foundation Growth
BOULDER, COLO (May 11, 2022) /ENDURANCE SPORTSWIRE/ - The PeopleForBikes Coalition Board of Directors, made up of 20 of the bike industry’s top leaders, met virtually for their semi-annual gathering on May 10. The board’s primary topic of discussion was reviewing progress on the organization’s 2022 Workplan goals, centered around...
May 10, 2022
Mt. Hood Skibowl bans summer mountain biking after paying $10.5M in crash that paralyzed Oregon man
Mt. Hood Skibowl will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed into a signpost in the recreational area and was paralyzed from the waist down. Oregon Live
May 10, 2022
Peloton Borrows $750M As Downward Cycle Spins
Peloton reported third-quarter revenue of $964.3 million, a 24% year-over-year drop from the $1.26 billion it posted the year prior, and a net loss of $757.1 million, a significant difference from last year’s third-quarter net loss of $8.6 million. The fitness company is running out of cash. Peloton ended the quarter...
May 10, 2022
Planet Fitness Stock Climbs After Earnings Top Wall Street Estimates
Shares of Planet Fitness climbed Tuesday after the operator of fitness centers reported first-quarter earnings that beat Wall Street expectations and reiterated its 2022 outlook. Planet Fitness reported first-quarter adjusted earnings of 32 cents a share, above Wall Street estimates of 27 cents. Revenue for the quarter was $186.7 million,...
May 10, 2022
Trustmark Acquires FitReserve to Expand Existing Fitness Capabilities
LAKE FOREST, Ill.-- National employee benefits provider Trustmark is pleased to announce the acquisition of FitReserve, a multi-studio fitness subscription that allows members to mix and match in-person, live stream, and on-demand workouts from the top studios and instructors. The acquisition will further enhance the comprehensive corporate fitness management solutions...
May 10, 2022
ShowcasedPolartec Names Akimbo Communications PR Agency of Record
Planet Earth, The Universe /ENDURANCE SPORTSWIRE/ - Polartec®, a Milliken™ & Company brand - the global premium provider of innovative and sustainable textile solutions - announces its partnership with Portland, Oregon-based Akimbo Communications as the brand’s official agency of record for public relations and communications. Effective immediately, Akimbo will communicate...
May 10, 2022
KINeSYS Sunscreen Partners with Another Mother Runner
10th May 2022, Vancouver, Canada /ENDURANCE SPORTSWIRE/ - North America’s leader in active sun care, KINeSYS Performance Sunscreen, is excited to announce their partnership with Another Mother Runner, the 110k+ strong, vibrant and inclusive community of female runners. Co-founded by Sarah Bowen Shea and Dimity McDowell, AMR connects via in-person retreats,...
May 10, 2022
Sportstats relies on RACE RESULT timing technology at Bloomsday Run
Boulder/Ottawa May 6, 2022 /ENDURANCE SPORTSWIRE/ - Almost 25,000 runners returned to Spokane Washington last weekend for the Lilac Bloomsday Run. The largest sports timing company in the world, Sportstats, was on site with RACE RESULT timing technology to provide runners and spectators with live race results and mile splits. The...