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.
December 3, 2020
Statement of the PTO on Andrew Starykowicz Case
LONDON, ENGLAND: The Professional Triathletes Organisation today announced that it will be appointing counsel to investigate what appears to be structural irregularities in the anti-doping case against Andrew Starykowicz. The PTO has written to USA Triathlon and World Triathlon, the applicable recognised not-for-profit governing bodies, to communicate its concerns and...
December 1, 2020
Michael Capiraso To Step Down As NYRR President & Chief Executive
Kerin Hempel, a former New York Road Runners executive and consultant, has been named interim CEO. Capiraso’s departure was preceded by a tumultuous time for the 62 year-old NYRR, hit hard by the pandemic, thus forcing a complete halt to in-person running events, and necessitating the reduction of its staff....
November 30, 2020
Six Americans Elected to World Triathlon Committees, Including Gallegos to Executive Board
COLORADO SPRINGS, Colo. — Six leaders within the United States multisport community were elected to various positions within World Triathlon Sunday at the XXXIII World Triathlon Congress, highlighted by the election of Gabriela Gallegos (El Paso, Texas) to the World Triathlon Executive Board. The U.S. had four female candidates successfully...
November 30, 2020
With the help of J&A Racing, Nuun delivers a memorable virtual half marathon for its ambassador team
November 30, 2020 – J&A Racing, a nationally recognized race management company based in Virginia Beach, Virginia, utilized it’s nearly 20 years of experience in the running industry to help Nuun deliver a memorable virtual Half Marathon for the Nuun ambassador team. With in-person races disappearing from every runner’s 2020...
November 29, 2020
Nike Unite
Nike is testing a chain of new shopping experiences called “Nike Unite,” which are tailored to local communities in select locales around the world. Each store will have unique decorations that represent the local culture, including a community wall that highlights local partnerships. Products will be specifically curated for the...
November 26, 2020
Parcours wheels partner with Crank n’ Chain in Singapore
British wheel brand Parcours will be coming to the Singapore market, working with recently-opened luxury bicycle concept store Crank n’ Chain for local distribution, sales and support. Crank n’ Chain will be featuring Parcours wheels in their Sentosa Cove store, as well as working to build a B2B offering in...
November 24, 2020
Dick’s Earnings and Sales Blast Past Forecasts, Names New CEO
Dick’s Sporting Goods announced that its board of directors unanimously elected president Lauren Hobart to the post of CEO, effective Feb. 1. Dick’s also posted stronger-than-anticipated quarter: For the three months ended Oct. 31, it logged profits of $182.2 million, or earnings of $2.01 per share, compared with the prior...
November 24, 2020
Athleta’s Q3 Sales Jump 35 Percent
Net sales were flat year-over-year at $4.0 billion, above Wall Street’s consensus estimate of $3.80 billion. The performance reflected a 61% increase in online sales, offset by a 20% decline in store sales. Notably, 40% of the company’s sales were online in the third quarter. Athleta operated 198 stores at...
November 24, 2020
CAKE Announces Collaboration with Northvolt
(Stockholm, Sweden – November 24, 2020) – CAKE, the Swedish manufacturer of lightweight electric performance motorcycles, today signed a letter of intent with the Swedish battery developer and manufacturer, Northvolt, to form a long-term partnership for the supply of sustainable battery cells for their line-up of electric motorcycles. With large-scale...
November 24, 2020
Team MPI Partners with Team HoldTheCarbs, Canada
Boise, ID (November 2020)–Team MPI is proud to announce their partnership with Team HoldTheCarbs as the organization launches a new triathlon and endurance sports team for amateur and elite athletes. The partnership establishes Team MPI as the premier endurance coaching company of Team HoldTheCarbs. Viktoria Brown, the founder of Team...