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 24, 2022
Adidas Unveils Revamped Portland HQ as Employees Return to the Office in a Hybrid Capacity
The Germany-based brand on Tuesday said it has completed a 220,000 square-foot expansion of its headquarters in Portland, Ore. The project, which began in 2018, includes an additional three buildings on campus, a new gym, cafes, parking space and a soccer pitch. In total, Adidas said it now offers 525,000...
May 20, 2022
Outside Inc. Lays Off 15% of Staff as It Transitions to Digital
Outside Inc. told staff on Friday that it would be laying off around 15% of its 580-person workforce––between 85 to 90 people––as the bundled publisher continues its transition to a primarily digital company, the Denver Business Journal reported Friday. The media company, which is composed of 36 individual publishers including Backpacker, Ski...
May 19, 2022
Under Armour Announces CEO Transition
Under Armour, Inc. (“the company”) (NYSE: UA, UAA), today announced that Patrik Frisk will step down as President and Chief Executive Officer (CEO) and as a member of the Board of Directors (board), effective June 1, 2022. The board has initiated a comprehensive internal and external search process to identify a permanent President and CEO....
May 19, 2022
F45 Training Revenue Jumps 175% in Q1
The Austin, Texas-based company generated $50 million in revenue in Q1 2022, a 175% increase year-over-year. F45’s impressive results were driven by its equipment and merchandise revenue, which reached $30.1 million during the quarter, up 499% year-over-year. FOS
May 19, 2022
BibRave Earns Exemplary Marks for Diversity, Equity, and Inclusion Within Company Culture
Portland, OR/ENDURANCE SPORTSWIRE/ – BibRave, the leading-edge endurance and fitness marketing agency, recently participated in the 2021-2022 Camber Survey System, and was highlighted as an exemplar DEI organization. Since 2019, BibRave has created and executed a DEI action plan, working diligently to accomplish goals like auditing and updating their mission, vision,...
May 18, 2022
Consumer spend in U.S. bike market flattens, but remains strong
Data released by the Bureau of Economic Analysis has revealed the U.S. bike market to be experiencing a post spike lull in spending on bicycle goods, though interest remains above pre-pandemic levels. The inflation-adjusted data put American expenditure on bicycles and accessories in 2020 at $7 billion, up by a...
May 18, 2022
Emerging Brand KINeSYS Sunscreen invited to Runchella 2022
/ENDURANCE SPORTSWIRE/ - KINeSYS Performance Sunscreen is honoured to be one of seven emerging brands invited to Runchella 2022, the Running Industry Association’s membership summit. Runchella runs from 16 – 19 May 2022 and combines educational programming, collaborations and brand presentations and is open to RIA members only. Lisa and...
May 17, 2022
On Hikes Guidance On Robust First Quarter
On, the Swiss running brand, raised its outlook for sales and earnings for the current year after reporting first-quarter results that easily topped Wall Street estimates. Net sales vaulted 67.9 percent in Q1 2022 and sales are now expected to grow at least 44 percent in 2022. SGBMedia
May 17, 2022
Alessandra Faciperi joins MarathonFoto as Director of Operations.
/ENDURANCE SPORTSWIRE/ - MarathonFoto, the world’s largest publisher of amateur endurance sports photos, announces that Alessandra Faciperi will join the team as the Director of Operations. Alessandra will oversee event staffing and Customer Service. Alessandra worked with MarathonFoto previously as Director of Client Relations in Europe. “We are thrilled to...
May 16, 2022
Peloton, NordicTrack maker iFit settle all litigation
Peloton Interactive Inc (PTON.O) and NordicTrack maker iFit said they have settled all pending litigation between them, where the fitness equipment makers accused each other of infringing their respective patents. Reuters