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.
November 3, 2022
Peloton shares tumble after company offers weak holiday quarter outlook
Pelotonposted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. The company’s shares fell nearly 10% in morning trading Thursday. As of Wednesday’s close, Peloton’s stock has dropped about 75% so far this year. CNBC
November 3, 2022
Under Armour Shares Jump After Reporting Better-Than-Expected Q2 Results
Under Armour shares got a lift on Thursday after the company reported better-than-expected results for the second quarter. The Baltimore-based brand reported revenues of $1.6 billion, up 2% over last year. Net income was $87 million and adjusted diluted earnings per share was $0.20. Both earnings and revenues exceeded the...
November 3, 2022
United Endurance Sports Coaching Academy Partners with Final Surge
Highlands Ranch, CO – November 3, 2022 /ENDURANCE SPORTSWIRE/ - United Endurance Sports Coaching Academy (UESCA), the leader in science-based endurance sports education has announced that it is partnering with Final Surge. UESCA offers coaching certifications for running, triathlon, ultrarunning, cycling and endurance sports nutrition, focusing on the science behind...
November 2, 2022
Will the Smartband Market Continue to Shrink?
Smartbands were the first to gain popularity in the wrist wearable market, thanks to their lower price and longer battery life compared to smartwatches. However, during COVID-19, consumers’ interest in healthcare and fitness increased sharply and they started shifting focus to smartwatches supporting more functions. As a result, smartband shipments...

November 2, 2022
Wattbike launch second series of ‘Push Your Peak’ podcast – presented by Louise Minchin
Wednesday 2nd November 2022 - UK /ENDURANCE SPORTSWIRE/ – Push Your Peak is a podcast series for athletes who don’t know their limits, in which journalist and athlete Louise Minchin talks with some of the world’s most inspirational athletes about how they got to where they are today. The inaugural season of...

November 2, 2022
Vittoria is Moving North America Headquarters to Bentonville
OKLAHOMA CITY, OK /ENDURANCE SPORTSWIRE/ Vittoria Industries North America is moving its headquarters from Oklahoma City to Bentonville, taking space in the Ledger, a new six-story building downtown, providing bike-friendly amenities to make biking to work easy and enjoyable. The move is expected to take place in December 2022. Karim...
November 1, 2022
Wasserman Adds Providence Equity as Investor; Redbird, Madrone Cash Out
Sports and entertainment talent representative Wasserman has taken on private equity firm Providence Equity as an equity investor. Providence, which counts Learfield and The Chernin Group. Sportico

November 1, 2022
Vittoria Group Announces New American and Global Leadership
OKLAHOMA CITY, OK – /ENDURANCE SPORTSWIRE/ Vittoria Group has announced that Karim Pine has been appointed as the new Managing Director for North America. An experienced business leader, Karim will succeed Glenn Lee and assume responsibilities. Glenn Lee will now head the newly established Global Accessories Business Unit located in...
October 31, 2022
Thule reports ‘rapidly declining’ demand for bike-related products in third quarter
Thule Group has published its interim report for July to September 2022, reporting a 23% decline in third-quarter sales year-on-year. Net sales for the quarter amounted to SEK 2,139m. Adjusted for exchange rate fluctuations, sales declined 29.4%. Net sales for the first nine months of the year amounted to SEK...
October 31, 2022
Layoffs Occur at Mindbody, ClassPass
For the second time in two years, Mindbody has implemented staff layoffs at Mindbody, and this time it also included employees at ClassPass, which Mindbody acquired in October 2021. The software and experience technology platform company did not share how many people were laid off, but those who were laid...