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 17, 2021
PeopleForBikes Coalition Board Meets to Discuss Plans for 2022 and Vision for the Future
BOULDER, COLO /ENDURANCE SPORTSWIRE/ - The PeopleForBikes Coalition Board of Directors, composed of 20 of the U.S. bicycle industry’s top leaders, met for their semi-annual gathering on Dec. 14, with some members in-person and others joining virtually. The board’s primary topic of conversation was reviewing the organization’s 2022 strategic initiatives...
December 16, 2021
Verlinvest invests in US E-Bike retailer Pedego
With the largest retail footprint of branded stores, Pedego is a leader in the rapidly growing electric bikes (e-bikes) category in North America. With this announcement, Pedego now joins Oatly, Vita Coco, Who Gives a Crap, and Tony’s Chocolonely in Verlinvest’s portfolio. Verlinvest’s involvement will support Pedego’s branding and innovation...
December 16, 2021
Outside Interactive, Inc. Launches Exclusive Video Series Featuring Two-Time Olympic Gold Medalist and World Cup Alpine Skier, Mikaela Shiffrin
BOULDER, CO — December 16, 2021/ENDURANCE SPORTSWIRE/ - Outside Interactive, Inc., the world’s leading creator of active & healthy lifestyle content, events, and experiences, today announced the release of an exclusive video series featuring the world-class alpine ski racer, two-time Olympic gold medalist, six-time world champion, and three-time Overall FIS...
December 15, 2021
CriticalPoint Capital Completes Sale Of JackRabbit To Fleet Feet
Affiliates of CriticalPoint Capital, LLC announced the closing of the sale of JackRabbit to Fleet Feet. Headquartered in Denver, CO, JackRabbit is the second-largest running specialty retailer in the U.S. and is the largest franchisor of locally-owned and operated running stores. SGB Media
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...