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.
March 22, 2021
Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion
Nike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. In North America, revenue dropped 10% year over year, hurt by shipment delays. CNBC
March 22, 2021
How the Women Leading the Running Industry Diversity Coalition Are Using Sport to Create a Better Tomorrow
Created as an agent for change, the Running Industry Diversity Coalition is led by several of the most inspiring women run today. Read how they are using their connection to the sport to create a better world. Footwear News
March 22, 2021
SRAM sues Princeton CarbonWorks over wheel shape
SRAM claims that PCW is infringing on its patent for a rim shape inspired by a humpback whale flipper. VeloNews
March 22, 2021
Celebrating 25 years of KINeSYS Performance Sunscreen
22 March 2021 - Performance sunscreen brand KINeSYS is celebrating 25 years of protecting active outdoor people. The milestone has brought a perfect opportunity to reminisce on the past, define what makes the brand unique, and welcome a new era of KINeSYS. The KINeSYS mission is to develop innovative sun...
March 18, 2021
Nike Beats Earnings but Misses Revenue Estimates Amid Port Congestion Delays and Store Closures
For the three months ended Feb. 28, the sportswear giant logged earnings that rose 71% to $1.4 billion, or 90 cents per share, trouncing the 76 cents per share analysts predicted. Revenues, on the other hand, increased 3% to $10.4 billion but fell sizably short of analysts’ forecasts of $11.02...
March 18, 2021
L.A. cycling studios are reopening. Can they pry people away from their Peloton bikes?
According to a recent survey by Wedbush, 20% of pre-pandemic gymgoers have purchased at-home gym equipment — a brand-new chunk of the market that could pose a huge threat to bricks-and-mortar operations. In addition, 12% of pre-pandemic gymgoers said they were somewhat likely to cancel or not renew their gym...
March 18, 2021
Super League Triathlon Appoints Aurora Media Worldwide As Global Broadcast Partner
Aurora will help Super League to drive further innovation and build on the success of both its Championship Series and the SLT Arena Games. Specialising in the development and production of live, premium global sports events such as Formula-E and Extreme-E, Aurora Media is recognised as a creator of innovative,...
March 17, 2021
Electric bike sales in the U.S. grew 145% from 2019 to 2020
Spurred on by the coronavirus pandemic, bicycle sales rose 65% in the United States between 2019 and 2020, according to a report in the New York Times. Researchers at the NPD Group, which supplied the findings, also claim that electric bike sales grew by 145% in the same period. Cycling Industry...
March 17, 2021
The Pro’s Closet Introduces Cafe Ride Conversation Series
(Boulder, CO – March, 2021)- The Pro’s Closet is excited to announce the launch of its Cafe Ride conversation series. This series of biweekly panel discussions will be held virtually and features women from across the bike community discussing a wide range of topics designed to inspire, educate, and connect...
March 17, 2021
RoadRunner Holdings Finds a Perfect Match, Completes Acquisition of JoJé Bar
SAN FRANCISCO, Calif. (March 17, 2021) – Since starting JoJé Bar in 2016, Founder and CEO Jess Cerra’s mission has been to create a line of energy bars baked with real-food ingredients that strikes the perfect balance of taste and nutrition. While the bars fulfilled this quest - delivering some...