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.
August 17, 2022
Electrolit Welcomes Christian Patiño Webb as New Chief Executive Officer
CERRITOS, Calif. (August 17, 2022)/ENDURANCE SPORTSWIRE/ –Electrolit – the preferred, premium hydration beverage made from pharmaceutical quality grade ingredients - is pleased to welcome Christian Patiño Webb as the company’s new Chief Executive Officer. This change goes into effect as of August 2022, following an incredible year for distribution within the...
August 16, 2022
SKion takes 20% stake in battery manufacturer BMZ
Investment company SKion GmbH has announced that it has taken a 20% stake in battery manufacturer and supplier to the bike industry BMZ. For SKion the investment is aligned to the investment targets related to renewable energy, plus circular economy. BMZ puts cells through a second life upon reclamation and has...

August 16, 2022
Josiah Middaugh Joins GO Sleeves as Head of Performance Science
San Jose, CA (Aug 16, 2022) /ENDURANCE SPORTSWIRE/ – GO Sleeves, the company that introduced the world’s first and only kinesiology sleeve — a compression sleeve with built-in kinesiology strips, announced today that GO Sleeves athlete Josiah Middaugh will add his knowledge and experience to the improvement of GO Sleeves products and...

August 16, 2022
The NCL Launches First-Of-Its-Kind Professional Cycling League with Venture and Celebrity Investors and a 2023 Race Series
MIAMI, FL /ENDURANCE SPORTSWIRE/ - Today, the NCL (National Cycling League, Inc.) announced the launch of a first-of-its-kind professional cycling league. With 60 million riders in the United States and over 2 billion worldwide, American professional cycling is positioned to become one of the most popular sports in the world...

August 15, 2022
XTERRA European Championship Rewind from Prachatice
/ENDURANCE SPORTSWIRE/ - Arthur Serrieres from France and Sandra Mairhofer from Italy captured the XTERRA European Championship in conjunction with the 18th annual XTERRA Czech off-road triathlon with winning times of 2:30:16 and 2:57:39, respectively, on Saturday, August 13, 2022, in Prachatice, then put their speed and skill on full...

August 15, 2022
ShowcasedOutside Interactive Moves Into New Headquarters on Hopkinton’s Hayden Rowe
Hopkinton, MA (August 15, 2022)/ENDURANCE SPORTSWIRE/ – Outside Interactive®, a Boston-based developer of patented video simulation technology for cardio equipment, today announced it has opened its new headquarters at Two Hayden Rowe in Hopkinton, Mass., steps from the start line of the world-famous Boston Marathon®. The office will serve as a...
August 14, 2022
Owners sells American Cycle & Fitness to Trek Bicycle
Co-owner Michael Reuter and Kenny Stonehouse are selling their eight-store retail chain, American Cycle & Fitness, to Trek Bicycle. The transition will be complete by mid-October and Trek reps are already present and planning for the future with the staff. Bicycle Retailer
August 14, 2022
Xponential Fitness Generates $60M in Q2 Revenue
Xponential Fitness - the largest boutique fitness franchiser in the U.S. with 2,357 studios - generated $59.6 million in revenue in Q2 — a 66% increase year-over-year. Net income reached $31.5 million in Q2, compared to a net loss of $8 million. The company sold 251 franchise licenses and opened...
August 13, 2022
SoulCycle to hit brakes on nearly 25% of its locations
The once-hot exercise chain is closing 20 of its 82 studio locations nationwide within the next few weeks. The privately-run company, owned by Equinox Group, will shutter four New York City locations – in Midtown, Soho, West 92nd St. and Park Slope, Brooklyn — along with a Hamptons outpost in Water...
August 12, 2022
Peloton to cut nearly 800 jobs, raise prices amid declining sales
Peloton will embark on a sweeping overhaul that includes cutting nearly 800 jobs, raising prices for its Bike Plus and Tread machines, and outsourcing functions such as equipment deliveries and customer service to outside companies. The changes, which the company disclosed Friday in a memo to employees, also includes gradually...