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 15, 2021
On Running Shoemaker’s IPO Beats Target to Raise $746 Million
The maker of On Running performance shoes priced its U.S. initial public offering above a marketed range to raise $746 million. On Holding AG and some of its investors sold 31.1 million shares for $24 each on Tuesday, according to a statement confirming an earlier report by Bloomberg News. The company had...
September 15, 2021
2021 Intermountain Healthcare IRONMAN 70.3 World Championship presented by Utah Sports Commission expected to create Total Economic Impact of more than 15 million dollars as Elite Competitors take in The Best Of Southwestern Utah
GEORGE, Utah / TAMPA, Fla. (Sept. 15, 2021) – What arguably may be the most anticipated IRONMAN® 70.3® World Championship in history, the pinnacle event in IRONMAN 70.3 racing returns following a COVID-19 induced hiatus. The Southwestern community of St. George, Utah, United States plays host to more than 3,000 athletes...
September 15, 2021
BikeFlights Celebrates One Million Served
PORTLAND, OR (September 15, 2021) - BikeFlights.com, a bicycle shipping service and bike box supplier, is celebrating a major milestone: one million served. “We’re grateful for the opportunity to have helped ship so many bikes, wheels and gear for our customers over the past 12+ years,” said William Alcorn, President...
September 14, 2021
Fitbit, Apple fitness tracker data exposed on unprotected database
A database that was not password protected exposed more than 61 million records containing data from fitness trackers and wearables, according to a breach report by WebsitePlanet and security researcher Jeremiah Fowler. His team found many of the exposed records contained information like first and last name, display name, birthdate, weight, height, gender and geolocation...
September 14, 2021
Former Saris, Dorel Executive Jeff Frehner Named Chief Operating Officer at Lectric eBikes
PHOENIX (September 14, 2021) — Lectric eBikes, one of the fastest growing electric bike companies in the nation, announced the hire of Jeff Frehner as its new chief operating officer. Frehner, a former executive at Saris Cycling Group and Dorel Sports, joins co-founders Levi Conlow and Robby Deziel in their...
September 14, 2021
361° Europe Appoint New European Marketing Manager, Bryce Sage
361° Europe was formed in 2016 to offer a friendly and welcoming path into the sport of running. Their mantra of ‘One Degree Beyond’ stands for empowering athletes of every background and ability to have the opportunity to give their best and ‘Do More’. The entire team at 361° Europe...
September 13, 2021
Nike downgraded by BTIG amid continuing COVID-related supply chain disruptions
As a result of worsening supply chain disruption in Vietnam, BTIG has downgraded Nike’s rating from Buy to Neutral. Over the past few months, COVID-19 cases in Vietnam have continued to rise, with its fully vaccinated rate only between 4% and 5%. In response, Vietnamese government officials have responded by closing down manufacturing...
September 13, 2021
Run Show USA Partners with the Chicago Area Runners Association
Run Show USA, the inaugural consumer running exposition scheduled June 4-5, 2022, at DES Convention Center in Rosemont, IL, today announced that the Chicago Area Runners Association (CARA), the non-profit organization known as Chicagoland’s running club will be a key partner for the event. Run Show, USA, Chicago is set...
September 11, 2021
PeopleForBikes Celebrates $7.4 Billion for Bikes in New House Tax Bill
WASHINGTON, D.C. (Sept. 11, 2021) — PeopleForBikes applauds the hard work of the U.S. House of Representatives Ways and Means Committee in producing the GREEN Act, which proposes a monumental $7.4 billion investment in bicycles and electric bicycles. This bill includes PeopleForBikes’ policy priorities such as the Electric Bicycle Incentive...
September 10, 2021
FasCat Unveils New Website
BOULDER, CO — FasCat Coaching, known for their science-based approach to coaching and digital training plans, launched a new website this summer. The re-designed platform enhances the athlete experience, and leverages eCommerce technology to help athletes find the right plan for their goals, and checkout easier. In addition to the new...
