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 11, 2021
Snowbasin Resort Announces Summer 2021 Schedule with Outdoor Fun for the Entire Family
Huntsville, UTAH (May 11, 2021) –Snowbasin Resort announced its summer 2021 schedule today with a lineup of fun for the entire family with outdoor adventures, mountain top dining and an outdoor concert series. The resort will officially kick off the summer season on June 12 with lift served hiking and...
May 10, 2021
TSG Consumer Partners to Sell Stake in Nuun to Nestlé Health Science
TSG Consumer Partners (“TSG”), a leading private equity firm, today announced that its partner company, Nuun (the “Company”), an innovative hydration supplement brand, has entered into an agreement to be acquired by Nestlé Health Science. Businesswire
May 10, 2021
As Nike Sales Fall in China, Competitors Cash In
Sportswear competitors Anta and Li Ning are seeing record sales and both are reportedly in the running to buy Reebok from adidas. Front Office News
May 10, 2021
Dorel Sports sees Q1 revenue increase by 43.6%
Dorel Sports has delivered its eighth consecutive quarter of revenue growth, with first-quarter revenue increasing to $270.3 million – an increase of $82.1 million or 43.6% from $188.2 million last year. bikebiz
May 9, 2021
deboer wetsuits partners with 8x IRONMAN and IRONMAN 70.3 Champion, Amelia Rose Watksinson
Stamford, CT, Release: May 10, 2021 - deboer wetsuits is thrilled to announce a partnership with Amelia Rose Watkinson. In an abbreviated 2020 race season Rose Watkinson was undefeated in Australia, taking titles at Ironman Cairns, Ironman 70.3 Sunshine Coast, and Hervey Bay 100. In 2021 Rose Watkinson has remained...
May 7, 2021
Adidas Raises Outlook, Sales Jump 156% in China
Adidas released first-quarter earnings Friday, reporting net income of $605 million with revenue growing 27% for the first three months of the year.Footwear sales increased 31%; sales in China grew 156% and E-commerce sales rose another 43%, after a 35% uptick in the same quarter last year. Front Office Sports
May 7, 2021
USA Cycling’s Statement on the Delay of Announcing the 2021 Marathon Mountain Bike National Championships
COLORADO SPRINGS, Colo. – During preparations to announce the date and location for the 2021 USA Cycling Marathon Mountain Bike National Championship, USA Cycling learned of an anti-transgender bill being considered in the host state’s legislature. This legislation would have barred transgender youth from participating in school sports consistent with...
May 6, 2021
Fox Factory Delivers Record First Quarter Sales of $281.1 Million
Sales increased 52.5% to $281.1 million, compared to $184.4 million in the same period last fiscal year. Gross margin increased 410 basis points to 34.8%, compared to 30.7% in the same period last fiscal year. Yahoo! Finance
May 6, 2021
Orbea to move US operations to Boulder
After nearly 15 years in Little Rock, Arkansas, Orbea is moving its U.S. offices and operations to Boulder this month. Orbea said Boulder's central location will help provide better dealer support and customer care, and the region offers a pool of talent. Bicycle Retailer
May 6, 2021
Stages Cycling Introduces Power Meter for Latest Cannondale™ SI Cranks
(Boulder, CO) StagesⓇ Cycling adds to their already impressive line of Stages Power Meters for any bike, any drivetrain and any rider with the latest model for use with Cannondale’s SI cranks. Stages has offered its single-side left power technology for Cannondale SI crank models since 2014, which features Cannondale’s...