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 1, 2024
Bike product sales down almost 40% at Fox Factory in the first half
Fox Factory says "ongoing channel inventory recalibration and, to a lesser extent, lower-end consumer demand" contributed to a decline in sales of bicycle products in its fiscal first half and second quarter, announced Thursday. Fox said sales of its bike products in the half were down $87.9 million — or...
August 1, 2024
Marathon Tours & Travel partner with Coopah, the run coaching app empowering their customers with personalised training solutions
1st August 2024, Manchester UK /ENDURANCE SPORTSWIRE/ – Marathon Tours & Travel (MTT) is the world’s largest specialist running travel brand, providing comprehensive travel packages for runners that include guaranteed entry, transfers, accommodation, and expert team support for some of the most popular events around the world. Proud partners of the...
August 1, 2024
Life Time Holdings Q2 Profit Surge on High-Teens Revenue Growth
Life Time Group Holdings, Inc. reported second quarter revenue increased 18.9 percent year-over-year to $667.8 million, which was attributed to continued growth in membership dues and in-center revenue, and driven by an increase in average dues, membership growth in its new and ramping centers, and higher member use of its in-center offerings. Center...
July 31, 2024
The IRONMAN Group Promotes Michelle Pepper to Managing Director of Oceania
SYDNEY, Australia / TAMPA, Fla. (July 31 2024) /ENDURANCE SPORTSWIRE/ - The IRONMAN Group is pleased to announce that Michelle Pepper has been promoted to the role of Managing Director for Oceania. Pepper is taking over the role from Geoff Meyer who has retired as of the end of July....
July 31, 2024
Oiselle Launches Fall 24 Run Collection, Partners with Women’s Decathlon World Championships
Seattle, WA (July 31, 2024)/ENDURANCE SPORTSWIRE/ – OISELLE, a By Women, For Women performance-oriented apparel brand rooted in running, are launching their Fall 24 collection over the next two months, the anticipated drops and styles bringing rich colors and elevated comfort ahead of marathon season. Additionally, the brand is excited to...
July 31, 2024
EXEC: Adidas Group Doubles Q2 Profits on Double-Digit Sales Growth X-Yeezy
Adidas Group CEO Bjørn Gulden reported that the second quarter was another that confirmed the company’s improvement and progress toward becoming healthy again. Gulden noted that consumers and retailers continue showing strong and increased interest in the Adidas brand and products. He said this was “clearly reflected” in the 16 percent growth for the underlying Adidas...
July 31, 2024
Garmin announces second quarter 2024 results
Schaffhausen, Switzerland / July 31, 2024 /ENDURANCE SPORTSWIRE/ – Garmin® Ltd. (NYSE: GRMN), today announced results for the second quarter ended June 29, 2024. Highlights for second quarter 2024 include: Consolidated revenue of $1.51 billion, a 14% increase compared to the prior year quarter Gross and operating margins were 57.3%...
July 30, 2024
EXEC: Shimano Sees Continued Headwinds Drive H1 Sales and Profits Lower
Shimano Inc. is reporting that the pace of global economic recovery was moderate during the first half of fiscal year despite some factors that continued to exert downward pressure on the current economic climate, including tight monetary policies adopted mainly in Europe and the U.S., geopolitical risks caused by rising...
July 30, 2024
Cycling has a weight problem: a call for the industry to be more transparent about its weight limits
Cycling has a weight problem. No, I’m not talking about the pressures on the pro peloton to be as light as possible to improve their power-to-weight ratio. I’m not even talking about the rampant diet culture that assumes people ride bikes predominantly for weight loss. The weight problem I’m referring to...
July 30, 2024
Brooks Running Continues 2024 Surge with All-time Record in Quarterly Revenue
Brooks Running reached a new record in global quarterly revenue in the second quarter of 2024, up 15% year over year driven by double-digit growth in its wholesale and direct-to-consumer channels. In North America, Q2 revenue increased 19% year over year with continued success of the brand’s Glycerin 21 super franchise,...
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