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.
August 14, 2024
Bike Matrix compatibility index bags $2 million industry investment
Following a successful showing at Eurobike 2024 where it picked up an award, B2B parts compatibility solution Bike Matrix has secured NZ$2 million seed investment from within the industry. The Bike Matrix compatibility index allows users to “select a bike and see what fits” and is designed to simplify life for...
August 14, 2024
Asics Is Growing its Presence in the Crucial Run Specialty Channel in North America
Asics reported results for the first half of the year that showed solid growth across several regions and channels, including in the crucial North American run specialty channel. According to the Japan-based athletic brand, net sales for the first six months of 2024 increased 18 percent to 342 billion yen driven by...
August 14, 2024
SCOTT Appoints Marketing Veteran Matt Heitmann To Lead Brand’s Growth In America
Salt Lake City, Utah August 13th, 2024 /ENDURANCE SPORTSWIRE/ – SCOTT USA, the American subsidiary of SCOTT, today announced the appointment of Matt Heitmann as its new Chief Marketing Officer. The move comes as SCOTT's management continues to invest heavily in the brand's future growth and expansion in the American...
August 14, 2024
Ascension Columbia St. Mary’s Hospital – Milwaukee Campus Partners with Milwaukee Lakefront Marathon to Promote Community Health and Wellness
Milwaukee, WI - [August 14, 2024] /ENDURANCE SPORTSWIRE/ - The Milwaukee Lakefront Marathon is proud to announce a new partnership with Ascension Columbia St. Mary's Hospital - Milwaukee Campus, the official healthcare partner for the 2024 marathon weekend, taking place October 5th and 6th. This collaboration brings together the community’s...
August 13, 2024
Google Fitbit, Peloton announce fitness content partnership
Google's (GOOGL.O), opens new tab Fitbit has partnered with Peloton Interactive (PTON.O), opens new tab to give its premium users access to the exercise equipment maker's fitness content, starting early September, the companies said on Tuesday. As part of the deal, Fitbit premium members based in the U.S., UK, Canada and Australia would...
August 13, 2024
Federer’s On Brand Continues Surge, Challenging Sportswear Giants
On, the upstart sportswear company backed by Roger Federer, posted another strong quarter of sales, further solidifying its place as a threat to legacy brands. The Swiss brand founded in 2010 announced Q2 sales of $657 million on Tuesday, a 27.8% increase over last year, and saw a slight gross profit margin uptick to...
August 13, 2024
Outdoor Tech Launches into New Era of Innovation and Sustainability
August 13, 2024 (Oakland, NJ)/ENDURANCE SPORTSWIRE/ – Outdoor Tech, an industry leader in modern electronics that complement and enhance outdoor active lifestyles, proudly announces significant advancements following its acquisition in April 2023 by Dialectic, a leading consumer electronics distributor based in New Jersey. Under the new leadership of General Manager Katy...
August 13, 2024
Enabled Tracking to Provide Live GPS Tracking for August 2024 Endurance Events
Front Royal, VA /ENDURANCE SPORTSWIRE/ – Enabled Tracking, the timing and tracking division of Adventure Enablers, is excited to announce its state-of-the-art live GPS tracking services. These advanced solutions are set to support both past and upcoming endurance events throughout the month. Whether participants are tackling rugged landscapes or enduring...
August 12, 2024
Hapana Raises $17 Million to Fuel Growth Across Fitness Markets
Hapana, a software-as-a-service (SaaS) platform used by fitness brands worldwide, has raised $17 million in a funding round led by Australian venture capital firms OIF Ventures and Bailador. The funding will support Hapana’s plans to expand its presence in the Asia-Pacific (APAC) region and the United States, as well as...
August 12, 2024
Giant Group revenue down 13% in half
Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year. The company said that due to profit growth in China, its gross margin rate fore the period was 21.3% and net profit after tax was NT$1.67 billion, a decrease...