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 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,"...
October 26, 2021
NPD Sees Performance Footwear Sales Climb 15 Percent In Third Quarter
The NPD Group reported total U.S. performance footwear sales grew 15 percent in the third quarter while leisure footwear sales climbed at a slightly lower rate. Fashion footwear sales continued to underperform, decreasing high-single-digits. The 15 percent gain in performance footwear marked a slow down from the 31 percent jump...
October 26, 2021
Apple Expands Fitness+ as Brick-and-Mortar Gyms Bounce Back
Apple Fitness+ is expanding to 15 new countries as the at-home fitness movement persists alongside the return of gyms. The company has paired its subscription workout program with its signature wearable, offering six months of Apple Fitness+ with an Apple Watch purchase. The Watch tracks biometrics such as heart rate,...
October 25, 2021
Compass Diversified-Backed Marucci Sports Announces Acquisition of Lizard Skins
BATON ROUGE, La. – October 25, 2021 /ENDURANCE SPORTSWIRE/ - Marucci Sports, LLC (“Marucci”), a subsidiary of Compass Diversified (NYSE: CODI) and a leading designer and manufacturer of baseball and softball equipment and apparel, today announced it has acquired Lizard Skins LLC (“Lizard Skins”), a designer and seller of branded grip...
October 25, 2021
Stages Cycling Launches New Website
(Boulder, CO – 25 October, 2021) /ENDURANCE SPORTSWIRE/ - StagesⓇ Cycling, a leading cycling technology company, invites visitors to explore its newly redesigned website: stagescycling.com. The new stagescycling.com merges two previous sites for Stages Indoor Cycling and Stages Cycling, presenting one cohesive website with all Stages’ cycling technology and products...
October 25, 2021
David Lipscomb Joins USA Cycling as DEI and Organizational Development Consultant
Oct. 25, 2021 (COLORADO SPRINGS, CO) /ENDURANCE SPORTSWIRE/ - USA Cycling announces that David Lipscomb, CEO & Head Coach at CIS Training Systems LLC, will initially serve a one-year term as the organization’s DEI and Organizational Development Consultant. Lipscomb has spent over 25 years at the highest levels of cycling...
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