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.
April 27, 2022
Workout Anytime Signs 20-Unit Deal to Bring New Clubs to 4 States
Workout Anytime, the 180-plus-unit leader in the fitness industry, has signed an agreement to bring 20 new locations to markets in Virginia, Pennsylvania, Georgia and Florida. This multi-unit development deal — which was signed in partnership with Phenomenal Gyms, LLC — comes as the fast-growing fitness franchise is outpacing its...
April 27, 2022
Garmin sees ‘normalization’ of cycling product sales
Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products. Consolidated revenue was $1.17 billion, a 9% increase year-over-year. Three other segments posted double-digit growth led by the outdoor segment ($385 million), which grew 50% year-over-year, and was boosted...
April 27, 2022
Nathan Sports Opens Flagship Retail Store in Southern California
Fountain Valley, CA /ENDURANCE SPORTSWIRE/ - Nathan Sports, the leader in running hydration, accessories and apparel, is excited to announce the grand opening of their first-ever retail store in Costa Mesa, California. The store will serve as a hub for runners and adventurers in the area, offering community events along...
April 27, 2022
BibRave, Nuun Hydration Kick-Off Experiential & Field Marketing Partnership
Portland, OR /ENDURANCE SPORTSWIRE/ – BibRave, the leading-edge endurance and fitness marketing agency, is partnering with Nuun Hydration, the sport and lifestyle hydration company based out of Seattle, leading field and experiential marketing initiatives for 2022. Building upon BibRave’s industry expertise and wide network of Ambassadors, the new partnership with...
April 26, 2022
Brooks Projects Double-Digit Growth in 2022 After Crossing $1 Billion Mark Last Year
Brooks, which ended 2021 as a billion-dollar brand for the first time, is already seeing momentum bleed into 2022. The running company is projecting double-digit year-over-year growth in 2022, on top of last year’s $1.11 billion in global revenue, which represented a 31% surge over 2020. Footwear News
April 26, 2022
Wahoo acquires RGT Cycling, putting the hardware brand in competition with Zwift
Wahoo announced Tuesday the acquisition of RGT cycling, the virtual racing platform that hosted the 2022 USA Cycling national esports cycling championships. With the addition of a virtual racing platform to existing indoor cycling training software and hardware products, Wahoo looks to be taking on Zwift for indoor cycling. VeloNews
April 26, 2022
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment. Operating income in the quarter rose 16.8 percent in the quarter ended March 31 to ¥38,033 million ($298 mm). Sales improved 13.9 percent...
April 25, 2022
Core Health & Fitness Acquires Wexer
Core Health & Fitness LLC announced that it had acquired Wexer Holding, LLC, a specialty brand in digital health and fitness. Financial terms of the transaction weren’t disclosed. The deal will provide Wexer with the funding to scale its business through acquisitions to consolidate the digital fitness category and drive...
April 25, 2022
Blue Goji Acquires Interactive Fitness Holdings and Accompanying Assets of Expresso and CyberCycle Exercise Bikes
AUSTIN, Texas, April 25, 2022 - Blue Goji® announced that it has acquired the assets and intellectual property of fellow health and wellness technology company Interactive Fitness Holdings (IFH). Through this acquisition, Blue Goji will manage Expresso and CyberCycle exercise bikes. This announcement comes as Blue Goji is expanding its offerings...
April 25, 2022
Life Time Sea Otter Classic Boosts Monterey County Economy
MONTEREY, CA/ENDURANCE SPORTSWIRE/ – A recent study of 2022 Sea Otter Classic attendees reveals the event’s significant economic impact on Monterey County. Spending associated with the Sea Otter Classic accounted for $71,896,388 in direct and indirect expenditures. “The Life Time Sea Otter Classic is an important event for the cycling industry...
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