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 14, 2022
Adidas & Other Companies Accused of $109 Million Worth of Wage Theft in Cambodia
Adidas is refuting claims that it stole millions of dollars worth of wages from garment workers. The Clean Clothes Campaign, an activist group that advocates for workers, said in a recent blog post that Adidas and other brands had collectively failed to pay Cambodian garment workers an estimated $109 million in wages...
May 14, 2022
BibBoards Patent: The One and Only Fastening Clips
/ENDURANCE SPORTSWIRE/ - May 14, 2022 BibBoards are One-of-A-Kind BibBoards are the only solution to replacing your safety pins on race day. And now, Biboards are the only patented and trademarked product of their kind. When you order your BibBoards or partner with the company you can be sure that...
May 12, 2022
UltrAspire and Brooks Partner for an Athlete Collaboration
/ENDURANCE SPORTSWIRE/ - As a young man Bryce Thatcher found his passion for moving quickly and efficiently in the mountains. At that time, there were limited options for mountain running gear which led Bryce to design and build his own. Among his custom equipment, Bryce wore a pair of Brooks...
May 12, 2022
Giant Group’s first-quarter revenue up 8%
Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year. However, the company said rising material costs, labor and logistics squeezed the company’s gross margin and operating profit. A higher mix of OEM work also contributed to a lower margin of...
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,...
Follow us on
