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 12, 2022
Peloton must face lawsuit claiming it misled over “ever-growing” classes, judge rules
The class-action lawsuit was filed on behalf of customers who were angered by the company's decision to cut its number of exercise classes while continuing to market its service as offering an "ever-growing" library of classes. The lawsuit was filed in 2019 by the National Music Publishers Association over its alleged...
August 12, 2022
Why Nike Is Closing Offices Around the World Next Week
Nike is again closing its global offices next week to encourage employee well-being, a move the company first announced in May. To encourage employees to enjoy some R&R and sunshine with their families, the global offices will be closed for Well-Being Week, so teammates could unplug — without worrying about...
August 12, 2022
Cadence Performance acquires Evernden Cycles, soon to be a Giant brand store
Cadence Performance has announced the acquisition of Evernden Cycles in Kent, taking the firm’s retail portfolio to six branches. With Evernden Cycles’ owner retiring, the third-generation family business passes the torch after more than 70 years trading. Trading as Cadence initially, the store will transition to a Giant Brand Store by...

August 12, 2022
Fleet Feet Opens Second Location in Fort Wayne
FORT WAYNE, Ind. and CARRBORO, N.C. (Aug. 12, 2022)/ENDURANCE SPORTSWIRE/ – Fleet Feet announced today the opening of its latest store in Fort Wayne North, Ind. Owned and operated by Jeanice Croy, Kevin Croy and Maggie Croy-Schuck, who also own the Fort Wayne Southwest store, the new location will open in the...
August 11, 2022
Brooks Running Sees Double-Digit Growth In Q2
Brooks Running reported sales grew 11 percent year-over-year in the second quarter. The Seattle-based running brand said that for the second consecutive quarter, it held the top spot in the U.S. adult performance running footwear market with a 21 percent market share based on revenue, according to The NPD Group. Brooks...
August 11, 2022
Zwift’s future direction: A doubling-down on project innovation and, eventually, VR headsets and AR
His answers are deliberately vague but Zwift CEO Eric Min has hinted at the future directions the company and the platform may take, including new product innovation and, in a matter of years, the possibility of virtual and augmented reality enhancing the riding experience. Velo News

August 11, 2022
CAKE Partners with StreetsLA to Monitor Bike Lanes in Los Angeles
Stockholm, Sweden (August 11, 2022)/ENDURANCE SPORTSWIRE/ – CAKE’s Ösa+ electric motorcycles have been silently patrolling the bike paths of Los Angeles for the last three months. As part of a pilot program with StreetsLA, staff were using the modular utility bikes to monitor 1,100 miles of L.A. 's bike paths and...
August 11, 2022
ShowcasedTower 26 Hermosa Beach Triathlon Sells Out!
/ENDURANCE SPORTSWIRE/ - Michael Epstein Sports Productions (MESP Inc) is proud to announce that the Tower 26 Hermosa Beach Triathlon has sold out! Held at the iconic Hermosa Beach Pier in Hermosa Beach CA, this fun beginner friendly event field is full. This year the event has added a unique...
August 10, 2022
Life Time’s Q2 2022 Results Show Slow and Steady Growth Amidst Economic Headwinds
Total revenue increased 42.7% to $461.3 million in second quarter 2022 for Life Time Group Holdings, Inc., Chanhassen, Minnesota, leading to an upbeat albeit realistic tone in its earnings conference call on Aug. 10. Club Industry News
August 10, 2022
Victoria Brumfield confirmed as USA Triathlon’s interim CEO
Following the departure of USA Triathlon (USAT) CEO Rocky Harris for a role at the United States Olympic & Paralympic Committee (USOPC), the US national governing body for triathlon has confirmed Victoria Brumfield as USA Triathlon’s interim CEO. Rocky Harris will join the USOPC in early September. Based in Colorado...