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 15, 2021
Corporate Well-Being Platform Gympass Acquires Trainiac
Trainiac, a one-on-on fitness platform, is now Trainiac by Gympass. The latter announced its acquisition of the one-on-one fitness platform on Wednesday. The news comes after Gympass’ $220 million funding round in June valuing the company at $2.2 billion. At the time, Gympass said it had more than 750,000 training sessions booked for more than 50,000...
December 15, 2021
Apple, Amazon Vie for Piece of Growing Wearable Tech Market
The fitness wearables market is poised for huge growth over the next seven years — and companies and investors are taking notice. Separate reports from Grand View Research and Fortune Business Insights placed the fitness wearable market at $34.6 billion and $36.3 billion, respectively. Fortune predicted compound annual growth of...
December 15, 2021
Shimano gets fake clearance website taken down
Shimano says it successfully petitioned the Internet Corporation for Assigned Names and Numbers to have an e-commerce website taken down because it was posing as a Shimano company site. Shimano warned the public about the site in October. Bicycle Retailer
December 15, 2021
ShowcasedMark Allen Sports Announces New Partnership
Santa Cruz, December 14, 2021 - /ENDURANCE SPORTSWIRE/ - Mark Allen Sports is proud to announce a new partnership with one of the leading brands in performance nutrition, Tennant Products. "Whether you are at the top of your game or starting at the beginning, Tennant Products has a product that...
December 14, 2021
USA Cycling CEO Rob Demartini Is Leaving the Role for A Job Outside of Cycling
He will become the acting CEO and a board member at Purple, which makes mattresses, pillows, and other comfort products. DeMartini’s departure comes days after the US national cyclocross championships in Illinois, where the presence of a group of people protesting the participation of trans women in women’s sports led some...
December 14, 2021
Nike Evaluating $1B in Media Spending
Nike is reportedly conducting a full review of its media accounts, inviting a host of major ad and media agencies to compete for their portion of around $1 billion. The process, which Nike hasn’t conducted at this scale in more than 10 years, is only just beginning and is expected...
December 14, 2021
ShowcasedNonaste® Introduces High-Performance Laundry Detergent and Sanitizing Sports Sprays that Eliminate Stink, Funk, Grime and Germs for Active Lifestyle Enthusiasts
SAN DIEGO, CA – December 14, 2021 /ENDURANCE SPORTSWIRE/ - It all comes out in the wash. But does it really? Nonaste, pronounced “No Nasty!” has launched a collection of high-performance laundry detergent and disinfecting sports sprays to help athletes and people with active lifestyles get the nasty smells and...
December 13, 2021
Report: To Sustain the Cycling Boom, U.S. Must Build Up American Bike Manufacturing
America’s Covid-induced cycling boom is being stifled by massive over-reliance on overseas bike manufacturers — and the nation needs to follow Europe’s example and re-shore this essential industry to achieve social and environmental impacts far beyond the shelves of local bike shops, a new report argues. Streetsblog USA
December 11, 2021
ShowcasedLeslie Jordan announces their NEW Online Outlet Store LJIoutlet.com
Portland, OR /ENDURANCE SPORTSWIRE/ - Leslie Jordan Inc. announces the debut of their online outlet store, LJIoutlet.com. Offering blank tees, hoodies, zips & jackets, buyers can buy a single item or get a 10% discount if they buy ‘by the dozen’. Leslie says, “This is something we have planned for...
December 10, 2021
Lululemon Revenue Up Despite Mirror’s Struggles
Lululemon reported third-quarter earnings Thursday, posting a 30% year-over-year net revenue increase to $1.5 billion. Net income jumped from $143.6 million to $187.8 million. Revenue in North America rose 28%, and international revenue increased 40%. The athleisure company saw total sales increase 27%, opening 18 new stores during the quarter...