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 14, 2025
Chains subject to steel tariffs; some cables and other products, too
The 25% U.S. tariffs on steel and aluminum that took effect Thursday apply to bicycle chains, some bike cables, perhaps some locks, and a wide variety of hardware and other products that are used in bike shops and by manufacturers. Bicycle Retailer
March 13, 2025
USA Triathlon Launches Revamped Elevate 2028 Strategic Plan
USA Triathlon has unveiled a revised strategic plan through the 2028 Olympic Games in Los Angeles, calling the revamped plan “Elevate 2028: Focus Forward.” Calling 2025 the “midpoint of our journey,” the revised plan features heavy focuses across the entirety of USA Triathlon stakeholders — athletes, coaches, clubs, and race directors. Slowswitch
March 11, 2025
With Increasing Membership Costs, Should Pros Take the Ironman Gamble?
Professional triathletes know that success in the sport often comes at a cost – coaching, equipment, travel, and race entries all add up. But for those who compete in Ironman-branded events, the financial equation has grown more complicated. triathlete
March 11, 2025
Dick’s Sporting Goods Impresses Again in 2024 as Q4 Comps Grow 6.4 Percent
Dick’s Sporting Goods, Inc. saw DKS shares take a dip on Tuesday, March 11 after reporting the retailer’s fiscal fourth quarter and full-year results. DKS shares were down in mid-single-digit in midday trading. SGB Media
March 11, 2025
Rad Power Bikes CEO Phil Molyneux to leave brand
Rad Power Bikes announced that CEO Phil Molyneux will leave the brand and also confirmed its sixth workforce reduction, with this round affecting its direct-to-consumer sales staff. Bicycle Retailer
March 7, 2025
Investors increase stake in Factor Bikes to 52.87%
News from the Shanghai Stock Exchange points to a change in ownership stake at Factor Bikes, as Zhonglu Holdings “plans to acquire and increase its capital investment in Factor Bikes PTY Ltd.” BikeBiz
March 5, 2025
How Ski Brand Salomon Hit $1B in Sneaker Sales
Salomon footwear hit $1 billion in sales in 2024 for the first time. Long known for its ski and hiking gear, the brand has become a favorite among fashion influencers. FOS
March 5, 2025
Scott Sports USA introducing click-and-collect program
Scott Sports USA has unveiled its click-and-collect sales channel integrated with Locally that will include participating dealers across the continental U.S. Bicycle Retailer
March 5, 2025
Adidas warns of slower growth in 2025 despite 12% revenue rise
Adidas cautioned that it expects slower growth in 2025, despite posting a 12 per cent rise in full-year sales in 2024, which it said was ‘significantly better than initially expected’. SportsPro
March 4, 2025
Aescape Secures $83MM in Strategic Funding, Announces U.S. Expansion with Equinox
Aescape, the lifestyle robotics company pioneering AI massage for personalized recovery, today announced it has raised $83MM in a strategic round led by Valor Equity Partners, an early investor in Tesla and SpaceX. Yahoo Finance