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 10, 2021
Adidas sees $1.2 billion sales hit as supply snags drag on
German sportswear company Adidas warned on Wednesday of a 1 billion euro ($1.2 billion) hit to sales from factory closures in COVID-hit Vietnam and supply chain bottlenecks that it expects to affect business into next year. Shares in the company fell more than 5% as it became the latest multinational to...
November 10, 2021
Black Employees at Peloton Are Voicing Concerns Over Pay Disparity
Insider published an investigation detailing some Black employees' concerns over pay disparity at Peloton. The report, published on Nov. 3, was based on interviews with four Black current and former Peloton employees speaking under the condition of anonymity, as well as Insider's access to inside communications (screenshots of Slack conversations,...
November 9, 2021
Titan Fitness Named Official Partner of Spartan North America
MEMPHIS, Tenn., Oct. 9, 2021 /ENDURANCE SPORTSWIRE/ - Titan Fitness, the fastest-growing brand in the fitness equipment and home gym space, and Spartan, the world’s leading endurance sports and wellness brand, have announced a multi-year partnership designating Titan Fitness the Official Partner of Spartan North America. As a brand partner,...
November 9, 2021
A new generation of bibSNAPS becomes a part of sports memorabilia culture and catches up as collectibles among endurance participants
/ENDURANCE SPORTSWIRE/ - BibBoards is the brand that introduced their hallmark product bibSNAPS as an alternative to safety pins for athletes' bib numbers. But wait there is more… However, besides offering their customers unprecedented safety and a mindful approach to the environment with their multi-use bibSNAPS, the brand also provided space...
November 8, 2021
Fox Factory’s Cycling Segment Scores Sixth Straight Record Quarter
Fox Factory Holding Corp. said its Specialty Sports Group (SSG), its cycling component division, soared 48.1 percent in the third quarter despite continuing supply chain constraints. Officials said with the current pace of industry demand, it expects it will take eight to 10 months to meet the current customer demand...
November 8, 2021
Planet Fitness Brings In Highest Franchise Revenue Ever
Planet Fitness surpassed third-quarter estimates by 13.62%, reaching $154.26 million in revenue compared to $105.38 million the year prior. The national gym chain recorded a net income of $18.6 million, up from a $3.3 million loss during the same period last year. Front Office Sports
November 8, 2021
Asics North America Delivers Double-Digit Growth In Q3
Asics said that for a third consecutive quarter, its North America region experienced a double-digit quarterly sales increase year-over-year. Looking ahead, Asics raised its outlook for profits for the full year. Asics still expects sales in the full year of ¥395,000 million, up 20.1 percent. Operating income is now expected...
November 8, 2021
Brooks Continues Running at Record Pace through Q3 with Year-to-Date Revenue Up 44 Percent
Brooks’ revenue increased for an eighth consecutive quarter in Q3 2021. From January through September 2021, Brooks grew revenue 43.5 percent globally. In the U.S. adult performance running footwear category, Brooks captured 19% market share, based on revenues, and gained 2 percentage points, versus last year, according to The NPD...
November 8, 2021
Billions in Funding Advanced for Bikes in Federal Votes on Infrastructure and Reconciliation Bills
WASHINGTON, D.C. (Nov. 8 2021) /ENDURANCE SPORTSWIRE/ - After months of debate and negotiations, the U.S. House of Representatives made progress on trillions of dollars in infrastructure and government spending, including billions in programming and incentives for bikes. Approved late Friday night, the $1 trillion Infrastructure Investment and Jobs Act...
November 8, 2021
United Endurance Sports Coaching Academy (UESCA) Partners with Team RunRun
Highlands Ranch, CO – November 8, 2021 /ENDURANCE SPORTSWIRE/ - United Endurance Sports Coaching Academy (UESCA), the leader in science-based endurance sports education has announced that it is partnering with Team RunRun, a running-specific, athlete/coach match business. “One of the most important things for UESCA is to provide opportunities for our...