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 26, 2021
Lululemon Raises Minimum Base Pay
Effective Sept. 27, 2021, lululemon will raise the minimum base pay for the majority of its store and Guest Education Centre) employees in North America. As part of the additional investments, people who are currently employed, and individuals who are hired from this point forward, will receive a new minimum...
August 26, 2021
Earning Announcements
Peloton shares fall after cycle maker posts disappointing earnings and outlook, cuts Bike price More Athleta’s Q2 Comps Gain 13 Percent Year-Over-Year More
August 26, 2021
FloSports secures London Marathon streaming rights in North America, Australia
United States-based subscription streaming platform FloSports has secured the media rights to the Virgin Money London Marathon in North America and Australia, starting this year. The iconic international race – which is scheduled to be held on Sunday, October 3 – will be exclusively streamed on the FloTrack vertical in the United...
August 26, 2021
Chris Froome invests in Factor Bikes
Chris Froome has joined a consortium injecting capital into Factor Bikes and its parts and accessories subsidiary Black Inc, with plans for the four-time Tour de France winner to use his racing and product experience to help with product development and marketing. Cycling News
August 26, 2021
National Forest Foundation to Host Live Leadership Discussion in New York City
Missoula, MT (August 26, 2021) -- The National Forest Foundation (NFF), a congressionally-chartered nonprofit, will be hosting Our Forests, Our Future, a live panel discussion with corporate environmental, social and governance (ESG) leaders Thursday, Sept. 9 at 6 p.m. at The Union League Club in New York. Our Forests, Our...
August 26, 2021
Athleta parent company Gap acquires Berkeley startup that allows customers to try on fits virtually
Ahead of its second quarter earnings call Thursday, Gap Inc. announced it has acquired e-commerce startup Drapr, a recent Y Combinator alum that has built technology that lets customers try on clothing virtually to ensure a better fit from home. SF Business Times
August 26, 2021
BOA Nutrition And Super League Triathlon Announce Multi-Year Partnership
Super League Triathlon (SLT) and BOA Nutrition have agreed a multi-year partnership that makes BOA the Official Nutraceutical Partner of the Championship Series. BOA’s multi-year partnership with Super League will begin with the 2021 Championship Series, which features four back-to-back races throughout September with events in London, Munich, Jersey and...
August 26, 2021
Punch Gunk Announces Winners of Go Get It Grant
LOS ANGELES – Punch Gunk, the award-winning performance therapeutics company shaking up the pain relief and workout recovery industry, has announced the winners of their inaugural Go Get It Grant. After receiving many compelling applications from athletes in a variety of sports and from all across the world, a panel...
August 25, 2021
PeopleForBikes Announces Major Investments to Grow Electric Bicycle Market and Access
BOULDER, COLO (August 25, 2021) — PeopleForBikes, a national bicycling advocacy nonprofit and the bicycle industry’s trade association, is committing more staff and resources to support the use of and access to electric bicycles across the U.S. Industry analysts estimate that more than 12 million electric bikes will be sold...
August 25, 2021
Dick’s Reports Huge Q2 Earnings
The retailer generated $3.27 billion in revenue in Q2 2021, a 20.7% increase compared to the same period a year prior. Dick’s surpassed Wall Street estimates of $2.85 billion in revenue. The quarter was driven by same-store sales, which increased 19.2% year-over-year. E-commerce sales decreased 28% compared to Q2 2020 following the...