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.
March 9, 2022
Adidas Warns That Russia Conflict Could Impact 2022 Business as it Halts Sales in the Region
Adidas is one of many retailers expecting to see a hit from sales due to impacts from Russia’s conflict with Ukraine. The German sportswear retailer on Wednesday shared an updated outlook for fiscal year 2022 that takes into account a risk of up to €250 million, or about $275 million...
March 9, 2022
SRAM acquires cycling clothing brand Velocio?
It appears the silly season of mergers and acquisitions is continuing with another announcement involving SRAM. Just over a month ago, SRAM announced that it had acquired the cycling computer brand Hammerhead. Now, we’ve received word through Velocio that they’ve just sold to SRAM as well. Bike Rumor
March 9, 2022
Bikerumor promotes Zach Overholt to Editor in Chief
MARCH 9, 2022 | LOS ANGELES, CALIF. /ENDURANCE SPORTSWIRE/ - Bikerumor, a Lola Digital Media publication, is proud to announce new editorial leadership with the promotion of Zach Overholt to Editor in Chief (EIC). Overholt replaces Tyler Benedict, who founded Bikerumor in 2008. The publication covers the cutting-edge of bike...
March 8, 2022
Dick’s SG’s Again Tops Expectations In Q4
Dick’s Sporting Goods reported earnings on an adjusted basis grew 50 percent in the fourth quarter ended January 29 on a 5.9 percent same-store sales gain. Both earnings and sales topped Wall Street’s guidance, with the period marking Dick’s largest sales quarter. Earnings are expected to decline in the current...
March 8, 2022
Showcased100% Names New Global Eyewear and Snow Team to Support The Companies Accelerated Growth and New Category Expansion
SAN DIEGO, Calif. – March 8, 2022/ENDURANCE SPORTSWIRE/ - 100%®, the San Diego-based sports performance brand has announced the appointment of a new leadership team to support the company’s accelerated growth in eyewear, in addition to launching the company's first collection of snow products. Gwen van Lingen has joined 100%...
March 8, 2022
37.5 Technology Incorporates Enhanced Biodegradation (+EB) into all Products
Boulder, CO (March 8, 2022) /ENDURANCE SPORTSWIRE/ - Cocona Labs, the makers of temperature-regulating 37.5Ⓡ Technology, announced this week that after nearly four years of testing, all 37.5 fibers and yarns going forward will incorporate an Enhanced Biodegradation (+EB) technology to accelerate the natural biodegradation of synthetic textiles in landfills[1]....
March 8, 2022
NOVA Timing Enters into Agreement to Transition Major Event Timing Clients to DelMoPRO
/ENDURANCE SPORTSWIRE/ - In an important step for its continued growth, DelMoPRO has entered into an agreement with NOVA Timing Systems to transition NOVA’s long standing major event timing clients to DelMoPRO’s fast growing major event production and timing business. Ed Hartwell, NOVA’s CEO, will remain involved with the DelMoPRO team...
March 8, 2022
Ashworth Awards to Open Second U.S. Manufacturing Facility
/ENDURANCE SPORTSWIRE/ - Ashworth Awards is in the process of constructing their second manufacturing facility for their fully made in USA domestic medallions and awards line. In February of 2020, Ashworth Awards launched its new line of MADE IN USA medals and awards and it quickly became apparent that an...
March 7, 2022
Fitness Chain Virgin Active Expands Amid $118M Capital Raise
London-based fitness chain Virgin Active is expanding from a gym company to a wholesale “combined fitness and nutrition” operation. To do so, the company has made two major moves: a capital raise and an acquisition. The capital raise totaling $118 million included retail billionaire Christo Wiese — who contributed $65.6...
March 7, 2022
Accell Group’s Revenues Climb 6.2 Percent In 2021
Accell Group reported EBIT grew 47 percent in 2021 on a 6.2 percent sales gain. Net sales of €1,377 million, up 6.2 percent despite ongoing component shortages. Growth was driven by higher sales of parts & accessories, mainly volume-driven, and higher bicycle sales due to improved pricing and mix offsetting...
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