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.
October 29, 2021
Inside The Call: Hoka One One Again Stars For Deckers
Deckers Brands reported sales and earnings missed Wall Street’s targets in its fiscal second quarter ended September 30 as numerous supply chain challenges slowed Ugg’s growth in the quarter. However, the company still maintained its revenue outlook for the full year, driven by its projected 50-plus percent growth at Hoka...
October 29, 2021
Tommy Zaferes Hired as USA Triathlon’s High Performance Talent ID Coordinator
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ - USA Triathlon today announced that elite triathlete and World Triathlon photographer Tommy Zaferes has been hired as talent ID coordinator, a member of USA Triathlon’s High Performance staff. Zaferes, husband of two-time Olympic medalist Katie Zaferes, will lead and develop programs to identify, recruit, asses...
October 28, 2021
Fleet Feet Chicago Celebrates 25 Years of Running Community
/ENDURANCE SPORTSWIRE/ - Fleet Feet Chicago, one of the nation’s most influential running franchisees, celebrates its 25th anniversary on Friday, October 29. A year-long Celebration of Running will commence Friday morning with a 3-mile fun run set at their original location in Chicago’s Old Town neighborhood (details below). Fleet Feet...
October 28, 2021
Skechers Slightly Lowers 2021 Outlook On Q3 Miss
Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year. Skechers achieved a new third quarter sales...
October 28, 2021
Facebook Rebrands to Meta, Rolls Out VR Fitness Apps
Facebook is looking to become a different type of company, starting with its name: The social networking giant is rebranding its parent company to Meta. Meta will oversee Facebook, Instagram, WhatsApp, and Oculus, the latter of which is of growing importance to Facebook’s ambitions in the metaverse — hence the name. The rebrand was revealed by...
October 28, 2021
Investors Double Down on Rad Power Bikes with $154 Million Investment, Making it the Most Funded Electric Bike Company in the World
SEATTLE, Oct. 28, 2021 /ENDURANCE SPORTSWIRE/— Rad Power Bikes™, North America’s largest ebike company, today announced $154 million in funding from existing investors to supercharge its global efforts to get more people out of cars and onto electric bikes. This round is led by Fidelity Management & Research Company LLC,...
October 28, 2021
ShowcasedCERO Bikes Launches Partnership with LODEN to distribute the Award-Winning CERO One Compact Electric Cargo Bike in Europe
LOS ANGELES, CA /ENDURANCE SPORTSWIRE/ - CERO launches a partnership with LODEN to distribute its EUROBIKE Gold Award winning e-cargo bike throughout Europe and Australia; CERO has re-branded under the LODEN name in both European & Australian markets. CERO went through an extensive modification process to register its e-cargo bike as...
October 28, 2021
Olympics Draws $1.8 Billion in Revenue, But Comcast Mum on Profit
The long-delayed Tokyo Olympics paid off handsomely for NBCUniversal, as the company booked $1.76 billion in revenue over the course of the 17-day event. That marked a 9% increase compared to the $1.62 billion NBCU generated during the 2016 Summer Games in Rio. However, Comcast did not confirm that it had made a...
October 27, 2021
Fitness Segment Boosts Garmin’s Revenue to $1.19B
Garmin reported $1.19 billion in third-quarter revenue Wednesday — with net sales for its fitness segment growing 4% to more than $342 million. During the first three quarters of 2021, the company’s net fitness sales increased 26% from the same period last year. Known for its GPS devices, Garmin is making strides...
October 27, 2021
Shimano sales up 54% through first 9 months
Sales in Shimano's bicycle division were up 54% in the first three quarters of the company's fiscal year, compared to the same period last year. "Strong demand for bicycles remained at high levels in all markets, against a backdrop of the global cycling boom, triggered by the spread of COVID-19,"...