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 14, 2021
Dorel Sports revenue hits $1.04 billion in 2020, up 15%
While revenue was up, Dorel says supply constraints, increased shipping costs and CSG's switch to calendar-year models impacted Q4 profits. Dorel Sports bike brands include Cannondale, Schwinn, GT and others. Bicycle Retailer
March 12, 2021
Sierra Nevada Connections Announces New Executive Appointment
CHICO, CA (March 12, 2021) — Sierra Nevada Connections today announced that Joe Coddington joins as Events Director to run the organizations' two largest fundraising events, Running with the Bears™ and Bear Growl Gravel Grinder™. Joe brings decades of event operations, management, and logistics experience to SNC. He's worked with AMGEN...
March 12, 2021
GiveSignup | RunSignup Releases a Roundup of Q1 Events Showing a Return to Racing
(Moorestown, NJ)– GiveSignup | RunSignup, the leading technology provider for endurance and nonprofit events in the U.S., released a roundup of events across the country showing a significant resurgence of in-person running. The roundup features 50 live events across 42 states, ranging in size from under a hundred participants to...
March 11, 2021
Adidas Pivots to China and E-Commerce
In a five-year plan released alongside its Q4 earnings on Wednesday, Adidas said it plans to double e-commerce sales to between $9.5 billion and $10.7 billion by 2025. The company will invest over $1.2 billion in the digital transition. Front Office Sports
March 11, 2021
Bicycles are harder to find, more expensive thanks to biggest cycling boom in decades, shops report
the last time the bike industry experienced a similar run was during the energy crisis of the 1970s. Cleveland.com
March 11, 2021
CTS Delivers Diverse Perspectives by Welcoming Four New Contributing Editors
(Colorado Springs, March 11, 2021) – CTS, the leader in endurance coaching and training camps, today announced the addition of four new voices to their content team. NBA Hall of Fame inductee and USA Cycling Board Member, Reggie Miller, along with Alison Tetrick, Lisa Bourne, and Scott Mercier, will be...
March 10, 2021
Foreign Spectators Won’t Be Allowed to Attend Tokyo Olympics
After months of speculation, Japan has decided to deny foreign spectators from attending the Tokyo Olympics and Paralympics. The Summer Games were expected to host around 1 million foreign spectators. Front Office Sports
March 10, 2021
Broken Chain: Small and new brands hard hit by component shortage
Most have heard stories about extended delivery times for bikes and components from Asia. What's been less obvious is how those delays are harming some of the industry's smaller and newer brands. Bicycle Retailer
March 10, 2021
New Sports Tech VC Fund Vies To Capture Its Piece Of A Soon-To-Be $30 Billion Industry
leAD Sports & Health Tech Partners and InStudio Ventures teamed up to create The Draft, a U.S.-based seed and venture capital fund focusing on sports tech. Forbes
March 10, 2021
Mountain Hardwear Partners with Professional Skier Rachael Burks
Richmond, Calif. (March 9, 2021)- Mountain Hardwear, a leader in performance equipment and apparel for climbers, mountaineers, and athletes, is proud to expand the brand’s snowsports athlete team with the addition of professional skier, Rachael Burks. Dubbed “The Most Underrated Woman in Pro Skiing,” Rachael Burks is known for skiing burly...