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 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...
April 22, 2022
Infinit Nutrition Canada Rebrands as Gruppo
APRIL 22 2022 /ENDURANCE SPORTSWIRE/ Windsor, Ontario - Gruppo Nutrition, formerly Infinit Nutrition Canada, has announced the availability of their sport-specific triathlon, running, cycling, and strength-conditioning nutrition throughout both Canada and, now, the United States. "Our prior license agreement with Infinit only allowed for the sale of our product in...
April 21, 2022
Lululemon, REI & Patagonia Score Top Marks for Their Resale Programs, According to ThredUp
ThredUp is hoping to make it easier for consumers to find companies that are active in the resale space with its newest initiative. On Thursday, the online resale platform debuted a new index, called Recommerce 100, that tracks which brands and retailers have launched resale programs and their potential impact...
April 21, 2022
Trek buys 21 Florida based stores as retail landscape continues to change
It has been reported that Trek Bicycle Corporation has purchased 21 Orlando, Florida-based stores which make up the David’s World Cycle group. Bizjournals.com reports that an April 8th email from owners David and Yvette Sanborn, to customers, confirmed the transaction, with the David’s World Cycle’s website also addressing their customers...
April 21, 2022
Atlanta Track Club Appoints Two to Leadership Team
ATLANTA – April 21, 2022/ENDURANCE SPORTSWIRE/ – Atlanta Track Club added two new members to its leadership team today when it announced the promotion of two veteran Club employees. Jennie Coakley will serve as the Club’s Director of Events overseeing a portfolio of more than 25 road races, marathons, and cross...
April 21, 2022
Kane Footwear releases ocean-inspired Revive to celebrate Earth Day
Westport, CT (April 21, 2022) /ENDURANCE SPORTSWIRE/ - Kane Footwear, the footwear brand promoting health for your body and the planet, released a limited edition Tropic/Dark Earth Speckle colorway to celebrate ocean health and their commitment to sustainable practices. The lifecycle of Kane’s flagship Revive slip-on – from harvesting the...
