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 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...
November 5, 2021
Dorel reports its Sports division saw revenue decline 1% in Q3 ahead of sale to Pon
Dorel Industries reported sales of $304 million in its Dorel Sports division in its third fiscal quarter this year, a 0.6% decline over sales in the same period last year. For the Sports division, organic revenue (excluding the impact of exchange rates) was down 1.2% in the quarter. Operating profit...
November 5, 2021
Peloton freezes hiring after it slashes its forecast and shares drop 35%
Peloton halted hiring across all departments effective immediately during an all-hands meeting on Friday, CNBC has learned. The news comes a day after after Peloton slashed its full-year outlook amid slowing momentum for its fitness products. Peloton dropped 35% on Friday, wiping off more than $9 billion off its market value....
November 5, 2021
Fleet Feet Snaps Up JackRabbit, Sprints Ahead in Specialty Run
Fleet Feet has agreed to acquire JackRabbit from affiliates of CriticalPoint Capital. The acquisition was announced today, and Fleet Feet said via statement the transaction is expected to close in early December. The transaction, according to Fleet Feet, includes all JackRabbit brick-and-mortar locations, which spans 15 states, as well as...
November 4, 2021
ShowcasedBibRave and Stay22 Help Races Drive New Revenue Via Participant Hotel Stays
Portland, OR - BibRave, the leading-edge endurance and fitness marketing agency, and Stay22, whose mission is to empower all travelers to search and find accommodations that best fit their needs, recently partnered to help endurance events profit from nearby hotel and VRBO stays. Each year, thousands of runners travel and...
November 3, 2021
Strava Appoints Lily Yang as Chief Financial Officer
ang will be responsible for overseeing the finance and legal organizations to support Strava's continued growth and business in over 195 countries worldwide. Prior to joining Strava, Lily served as Chief Accounting Officer at Pinterest, where she drove performance and profitability initiatives, partnering with key stakeholders to launch in 30...
November 3, 2021
PeopleForBikes Works With Call2Recycle to Establish First Industrywide Electric Bicycle Battery Recycling Program in the U.S.
BOULDER, COLO (Nov. 3, 2021) /ENDURANCE SPORTSWIRE/ - PeopleForBikes, a national bicycling advocacy organization and the bicycle industry’s trade association, is teaming up with Call2Recycle, the largest, most reliable battery recycling program experts in the U.S., to establish the bicycle industry’s first industrywide electric bicycle battery recycling program in the...
November 2, 2021
Third Annual Endurance Exchange To Take Place Virtually March 3-5, 2022
COLORADO SPRINGS, Colo. — The third annual Endurance Exchange presented by BOA Nutrition, an industry-wide conference for endurance professionals and athletes, will be held as a state-of-the-art virtual event March 3-5, 2022, USA Triathlon announced today. This online experience for the second consecutive year affords everyone an opportunity to safely learn,...
November 2, 2021
haku Partners with Level Access to Make Digital Touchpoints for Endurance Events More Accessible for People with Disabilities
MIAMI, Florida, November 2, 2021 – haku, the all-in-one technology ecosystem that powers endurance event organizations, is pleased to announce their partnership with Level Access to improve usability of their digital touchpoints, which includes registration, e-commerce, and fundraising experiences, for people with disabilities. Level Access empowers organizations of all sizes...
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