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.
November 1, 2021
Skechers Reportedly Considering IPO of Its Asia Segment
Skechers is reportedly considering spinning off its Asia business into a public company. The sneaker and clothing maker is mulling a Hong Kong-based IPO, according to Bloomberg. The company could raise around $1.5 billion through the public offering. The move may entail buying out partners in its Asia-based business, such...
November 1, 2021
Valley Preferred Cycling Center Opens Search for New Executive Director
Breinigsville, PA. November 1, 2021. /ENDURANCE SPORTSWIRE/ - The Valley Preferred Cycling Center, the premier cycling center in North America, is announcing the departure of our Executive Director, Joan Hanscom, for an exciting new role with a cycling industry leader, to be the subject of a separate announcement. Since joining the...
October 31, 2021
From Nike to Peloton, Supply Chain Issues Unavoidable
Global supply chain issues have affected major corporations, forcing them to rethink their manufacturing strategies. Some companies have even considered shifting to a more domestic approach. Read more to understand the current predicament corporations are faced with. Front Office Sports
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...
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