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 9, 2022
New Balance is suing Steve Madden over its 327 sneaker imitation
New Balance is taking Steve Madden to court. A complaint filed Tuesday to the U.S. District Court of Massachusetts claims Madden’s Chasen model sneaker from 2020 is a “deliberate knock-off intended to free-ride off the popularity of New Balance’s 327.” Input
June 8, 2022
Enduro Bearings to Host ‘Bearings & Brews Speakeasy’ June 29 at Rapha’s San Francisco Clubhouse
Oakland, California (June 8, 2022) /ENDURANCE SPORTSWIRE/ - On the heels of Enduro Bearings’ info-rich website launch last week, they’ll be hosting a free-to-the-public ‘Bearings & Brews Speakeasy’ at the Rapha Clubhouse in San Francisco (2198 Filbert St.). The event will take place at 5:30pm on Wednesday, June 29. Enduro...
June 8, 2022
U.S. Ports Remain Near Record Volume as Retailers Continue to Grapple With Inventory Challenges
U.S. ports are expected to remain “near record volume,” according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and consulting firm Hackett Associates. The NRF said on Wednesday that the increase in volume is attributed to retailers working to meet “still-strong consumer demand”...
June 8, 2022
Nike is shutting down its Run Club app in China
Nike is deactivating its Run Club app in China, becoming the latest Western company to reconfigure its business in the world's second largest economy. In a statement to CNN Business, a Nike (NKE) spokesperson said that it would roll out a "localized" platform for Chinese runners in future, and continue...
June 8, 2022
Porsche buys out eBike OEM Fazua
Porsche has announced that it has exercised the option to fully acquire the Fazua business, having earlier taken a 20% stake with the option to fully acquire the eBike systems maker. Cycling Industry
June 7, 2022
Kaitlin Armstrong, wanted in Moriah Wilson murder, last seen in New Jersey
Police upgrade the investigation to 'major case status' and are offering up to $5,000 as reward. Officials from the U.S. Marshals Lone Star Fugitive Task Force said Armstrong was dropped off at the Newark Liberty International Airport in New Jersey on May 18, a day after Austin police obtained a...
June 7, 2022
Let’s Do This backed by Usain Bolt and Serena Williams gets $60M to bring endurance sports events to everyone
Let’s Do This, the online marketplace that makes it easy for people to find, book and prepare for endurance sports events such as running, triathlon, cycling and obstacle experiences around the world has just announced raising $60M in its concluded Series B funding round. The platform is quickly gaining recognition,...
June 6, 2022
Peloton Appoints CFO
Peloton Interactive, Inc. announced it had appointed Liz Coddington as chief financial officer, effective June 13, 2022. Coddington brings more than 20 years of experience in financial planning, analysis and operational finance. She succeeds Jill Woodworth, who stepped down as the company’s CFO. SGB Media
June 6, 2022
USA Cycling Names 2022 National Team
COLORADO SPRINGS, Colo./ENDURANCE SPORTSWIRE/ – The USA Cycling National Team exists to recognize and support cyclists who represent the United States of America at the highest level of the sport. It is a group of top Junior, U23, and Elite athletes who strive for international results across several cycling disciplines: BMX...
June 6, 2022
US cycling great Greg LeMond reveals cancer diagnosis
US cycling great Greg LeMond, a three-time Tour de France winner, has revealed he is receiving treatment for leukemia. Lemond confirmed that he would not be travelling to the Tour de France this year where he has worked with several media outlets since his retirement in 1994. France24
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