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 21, 2023
John McEnroe Tennis Academy partners with Evolution Optiks’ OcuRay for neuro fitness wearable
The John McEnroe Tennis Academy is partnering with the OcuRay division of Evolution Optkis on a vision training wearable to improve its athletes’ neuro fitness. The youth tennis players will use FalconFrames, lens-less glasses that track eye movement and use AI algorithms to detect impairments and help wearers train their vision...
August 18, 2023
Saucony, ASICS Gaining on HOKA
HOKA’s sales grew from about $900 million to $1.4 billion from fiscal 2022 to 2023 and it’s still rocketing upward. The big movers are ASICS and Saucony and the moves are striking. Saucony has almost doubled its share, from 12 percent to 21 percent, in a 3-year span. HOKA’s lead...
August 18, 2023
Meta Pushes Into VR Fitness: Why the Tech Giant Is Just Getting Started
In early 2023, Meta completed its acquisition of Within, maker of the popular VR fitness app Supernatural, for a reported $400 million, cementing the tech company’s entry into the space. In the four years or so between its first foray into VR and its decision to shell out big bucks...
August 17, 2023
Peloton launches new approach to B2B service
New York-based Peloton announced the launch of Peloton for Business, its new B2B offering that will supply equipment and content to clients in the sectors of corporate wellness, multifamily residential businesses, hospitality, community wellness, healthcare, education and gyms. The company will offer access to its Peloton Bike for use by...
August 15, 2023
Why On Running Is Soaring In North America as Other Brands Struggle
On Holding just became one of the few shoe brands to post positive results in North America this quarter. The popular Swiss running shoe brand grew 66.8 percent in North America in Q2. Net sales in EMEA, Asia-Pacific and the Americas more broadly increased in the double digits as well. FN
August 11, 2023
Resale company Trove raises $30 million in Series E funding
Trove has raised $30 million in Series E funding, the resale technology company announced on Thursday. Wellington Management and ArcTern Ventures co-led the funding round, and Mitsui Fudosan’s CVC Fund, G2 Venture Partners, Prelude Ventures and other current Trove investors participated in the round. The funding will support the company’s...
August 11, 2023
British Cycling could take legal action to prevent Japanese and French Federations from using new track bikes
British Cycling is considering taking legal action over potential patent infringements from the new bikes of the Japanese Track Cycling Federation and French Track Cycling Federation. Cycling Weekly understands the potential infringements relate to the wide fork and seat stay designs on the Look P24 and V-IZU TCM. This design...
August 10, 2023
Despite surge in MTB helmet sales, Leatt revenue decreases 31% year-over-year
Leatt Corporation's second-quarter revenue decreased 31% year-over-year despite mountain bike and moto helmet sales increasing 48% compared with the same time last year. Global revenue for the quarter ending June 30 was $12.35 million, compared with $17.93 million at the same time last year. Helmet sales accounted for $3.52 million,...
August 10, 2023
Wolverine to Close Boston Campus, Consolidate US Offices to Michigan
Wolverine on Thursday announced the planned closure of its Boston headquarters by the end of the year and the consolidation of its offices across the U.S. to its Rockford, Mich., campus. The announcement came as Wolverine Worldwide announced sagging results for the second quarter, as well as the sudden exit of CEO Brendan Hoffman. The company named Christopher...
August 9, 2023
Many Pro Runners are Becoming Coaches. What’s the Deal?
As the sport of running grows, so do many of its cottage industries. Coaching has quickly become an industry that many are tapping into as more people enter the sport, but experiences may vary. Trailrunner