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.
September 28, 2021
Designing the Future of Performance Eyewear with Run Data
Santa Cruz, CA (September 28, 2021) – Among the run community, adoption of fitness tracking devices has become widespread and commonplace. This growing trend generates data that not only provides powerful insights into runner behavior, but is now also revolutionizing product development. Method Seven (M7), a manufacturer of high performance...
September 27, 2021
HEXR announce the launch of two new helmet shells – reinvigorate your helmet
The team at HEXR (https://hexr.com/) are pleased to launch their new shell colourways, a reinvigoration of their custom-fit cycling helmets. The new shells provide a beautiful new look by updating the colour of the helmet whilst not removing any of the high standards of safety. HEXR opted for a non-uniform...
September 27, 2021
Bare Performance Nutrition Expands Austin Campus
AUSTIN, TX (September 27, 2021) — Fitness, training and performance brand Bare Performance Nutrition announced their acquisition of nearly an additional 20,000 square foot of storage and warehouse property in Chandler Creek Business Park, off of Eagle’s Nest Street. The acquisition marks the brand’s largest expansion since its launch in...
September 27, 2021
NordicTrack-owner iFIT targets valuation of nearly $7 bln in U.S. IPO
IFIT Health & Fitness Inc, owner of the NordicTrack fitness brand, is looking to raise as much as $646.15 million through a U.S. initial public offering, valuing the company at $6.61 billion, according to a regulatory filing on Monday. Reuters
September 27, 2021
Specialized buys McLain Cycle & Fitness, other purchases rumored
After 44 years in business, Bob and Kris McLain have sold McLain Cycle & Fitness to Specialized Bicycle Components. Specialized has not confirmed the purchase and has declined to comment on this or other recent retail acquisitions. But industry sources tell BRAIN the company has purchased, or is close to...
September 24, 2021
INCUS Performance appoint new Sales Manager, Vijay Ramburuth
INCUS Performance (https://www.incusperformance.com/) is excited to announce that Vijay Ramburuth has been appointed as the team’s new Sales Manager. Vijay will be responsible for introducing the INCUS platform to clubs, coaches and teams far and wide as well as being the first port of call for sales contact. INCUS Performance’s...
September 24, 2021
ShowcasedP3R Joins Greater Pittsburgh Community Food Bank Sports and Media Coalition
PITTSBURGH (Sept. 24, 2021) – P3R, the engine behind Pittsburgh’s greatest races – including the DICK’S Sporting Goods Pittsburgh Marathon – is honored to share that it has joined the Greater Pittsburgh Community Food Bank’s new initiative aimed at ending childhood hunger. The Sports and Media Coalition is a collaborative...
September 23, 2021
Nike Misses Q1 Revenue Estimates, Shares Fall
Overall, the athletic giant on Thursday reported growth, with revenues for the quarter at $12.2 billion, up 16% year over year. However, this fell short of estimates of $12.46 billion in revenues from a survey of analysts. Net income was $1.9 billion, up 23% year over year, with diluted earnings per...
September 23, 2021
Colnago Becomes First Cycling Manufacturer To Adopt Digital Product Passport Powered By Blockchain
Beginning with the bike that will be raced by 2020 and 2021 Tour de France champion, Tadej Pogačar this coming Sunday at the 2021 UCI Road Racing World Championship in Belgium, Colnago will integrate blockchain technology into its new bicycles. As the first manufacturer to link its physical products to a virtual, distributed...
September 23, 2021
Why aren’t more big bike firms tracking their environmental impact?
Trek, one of the world’s biggest bicycle brands, recently released its sustainability report for 2021. Remarkably, this appears to be the first time a major bike company has published such a document. While some other manufacturers make broad sustainability pledges or tout their success in reducing packaging waste, Trek’s report...