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.
December 29, 2021
Road Race Management Releases Results of Ninth Biennial Race Director Compensation Study
Bethesda, MD /ENDURANCE SPORTSWIRE/ - As the running industry emerges from the depths of the Covid-19 pandemic, race directors indicated that they are “cautiously optimistic” about their future compensation according to the results of the Road Race Management ninth biennial compensation study. While nearly 40% of the study respondents indicated...
December 28, 2021
COVID Surge May Stall Gym Industry’s Comeback
The Omicron spike in COVID cases could spoil a pre-pandemic certainty for the gym industry: members flooding in to start on fitness-related New Year’s resolutions. The seven-day moving average of COVID cases cataloged by the CDC is at its highest point since January 2021. Business tracking firm Placer.ai said gym visits...
December 28, 2021
Tokyo Olympics Cost $1.8B Less Than Previous Estimates
The Tokyo Olympics faced a raft of problems related to the global pandemic, but the final bill came in well under previous estimates. The Summer Games cost organizers an estimated $13.6 billion, $1.8 billion below a prior prediction of $15.4 billion. Front Office Sports
December 28, 2021
Air Force Marathon Announces Best Pricing for Registration
/ENDURANCE SPORTSWIRE/ - As this year’s clock ticks away, the Air Force Marathon team prepares for the New Year, and the U.S. Air Force’s 75th birthday. When the clock strikes midnight on Jan. 1, registration opens for all with the chance to save up to $20 through Jan. 3. Race...
December 27, 2021
Pickleball Central Announces a Majority Investment from Dundon Capital Partners LLC
KENT, Wash.(December 27, 2021) /ENDURANCE SPORTSWIRE/ - Pickleball Central, the largest company in the world devoted to the fastest growing sport in America, has announced a majority investment from Dallas-based investment firm Dundon Capital Partners LLC. The deal includes both Pickleball Central's retail equipment business and its affiliated PickleballTournaments.com software and...
December 27, 2021
ROUVY partners with Animotion BV to boost its presence and activities in the Benelux countries
Zottegem, Belgium / December 27, 2021 /ENDURANCE SPORTSWIRE/ - In order to promote the joy of indoor cycling and running in AR (augmented reality) in Belgium, the Netherlands and Luxembourg, Animotion BV, headquartered in Zottegem, Belgium, has signed a multi-year partnership agreement with VirtualTraining s.r.o. located in the Czech Republic; and...
December 23, 2021
Meta Director of Sport Peter Hutton Joins Professional Triathletes Organisation’s Board of Directors
LONDON, ENGLAND: The Professional Triathletes Organisation today announced that it has appointed Peter Hutton, Director of Sports Partnerships at Meta, to its Board of Directors. In Hutton’s Silicon Valley based role at Meta, he is in charge of the company’s sports strategy and partnerships worldwide, helping rights holders, broadcasters, agencies,...
December 23, 2021
Salazar’s Lifetime Ban Upheld By Safesport Center
The U.S. Center for SafeSport on Wednesday upheld its permanent ban of former Nike Oregon Project coach Alberto Salazar, The ruling affirmed a July decision by SafeSport, an independent nonprofit organization based in Denver, CO that responds to reports of misconduct within the U.S. Olympic and Paralympic sports, to permanently...
December 23, 2021
Under Armour, Columbia Facing Headwinds
Under Armour and Columbia were downgraded by market analysts Stifel, highlighting the challenges facing the sports category. Analyst Jim Duffy lowered the two brands from “Buy” to “Hold” — while lowering Nike’s price target but maintaining its “Buy” rating. The analyst foresaw short-to-mid-term concerns limiting the upside of both brands....
December 23, 2021
BikeExchange acquires US bike delivery service Kitzuma
Online cycling marketplace BikeExchange has acquired US-based bike delivery service Kitzuma for $3.375 million (£2.5 million). Australian firm BikeExchange said it made the acquisition to help drive its e-commerce-first strategy, with the aim of improving both seller and customer experience. Bike Biz