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.
May 5, 2021
Saucony Gives Tribute to Moms This Mother’s Day with Brand Film: ‘The Marathon That Never Ends’
WALTHAM, Mass.– May 5, 2021— Global performance running lifestyle brand Saucony has announced today the launch of a new film in honor of Mother’s Day, which helps to raise awareness of the disproportionate burnout of mothers, an issue that has intensified since the start of the COVID-19 pandemic. In its...
May 4, 2021
ClassPass, Fitness Tech Firm MindBody Eye Merger, IPO
ClassPass and Mindbody, which provide technology to fitness companies worldwide, have been discussing a merger, Bloomberg reported, citing unnamed sources. ClassPass, works as a subscription-based business, allowing users to book workouts at fitness studios and other locations. In January 2020, ClassPass said its valuation was above $1 billion since it had gotten $285...
May 4, 2021
Under Armour Rallies in Q1
The company’s Q1 2021 earnings show a major bounce back from this time last year. Sales rose 35% year-over-year, bringing revenue to $1.26 billion. Online sales led the charge with 69% growth, and the company had an overall profit of $77.8 million. Front Office Sports
May 4, 2021
BikeFlights Provides Best On-Time Delivery of Shipments
PORTLAND, OR (May 4, 2021) - During the peak shipping periods of what may have been the most challenging shipping year to date, BikeFlights.com, a bicycle shipping service and bike box supplier, reported the best on-time delivery performance for its bikes, wheels and gear shipments. “Like most companies, we’ve had...
May 4, 2021
Zoomo raises $12 million to bolster ‘e-bikes for businesses’ model
The newest round of funding follows an $11 million Series A raise announced in August 2020, led by the CEFC. Cumulatively, Zoomo has raised $26 million in the past 24 months. Zoomo will use the funds to invest in the development and production of the brand’s next-generation vehicle offerings as well...
May 3, 2021
Brompton Bicycle Expands Product Lineup at REI with Addition of Folding Electric Bike
NEW YORK (May 3, 2021) – Brompton, the London-based manufacturer of the iconic Brompton folding bike, has expanded its product line offering in select REI stores across the U.S. today with the addition of the Brompton Electric to its in-store inventory. Along with the brand’s traditional folding bike, the Brompton...
May 3, 2021
Fast growing running shoe company ON Running targets autumn IPO: sources
Shoe firm ON Running, backed by Swiss tennis star Roger Federer, is preparing for a U.S. stock market listing as early as this autumn in a deal valuing the firm at about $5 billion, people close to the matter said. Reuters
April 30, 2021
Emerald Holding Sees Steep Q1 Revenue Drop
Emerald Holding Inc. reported revenues tumbled 87% as results continue to be negatively impacted by event cancellations due to the pandemic. Emerald is actively pursuing collection of the remaining unpaid amounts of filed insurance claims for its canceled and impacted 2020 events. To date, Emerald has submitted $167 million in...
April 30, 2021
KINeSYS Sunscreen Sponsors ‘For the Long Run’ Podcast
Vancouver, Canada; 30 April 2021. During the month of May KINeSYS Performance Sunscreen is sponsoring the ‘For the Long Run’ podcast, hosted by ultrarunner Jonathan Levitt. KINeSYS is a sunscreen designed specifically for active people and their community includes many runners, both professional athletes and keen enthusiasts. Skin Cancer Awareness Month...
April 30, 2021
ESW May 14, 2021 Weekly News Report
AWARDS USA Triathlon, Elk Grove Village Present 4 Star Endurance With Entrepreneur/Business Plan of the Year Award ESW USA Triathlon Announces Winners of 2020 Multisport Awards Presented by Wahoo Fitness ESW BUSINESS USA Cycling releases details of Inclusion Conference ESW TSG Consumer Partners to Sell Stake in Nuun to Nestlé Health Science Businesswire Credit Union Cherry Blossom...