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.
July 25, 2020
MOXiLIFE Nutrition™ and Gritty2gether Connecting Female Athletes
Scottsdale, Arizona - (July 25, 2020) – MOXiLIFE Nutrition™ announces a sponsorship with the fast growing female athlete community platform; Gritty2gether, the latest ‘brainchild’ of Angela Naeth: Pro Triathlete and founder of the all-women’s team Iracelikeagirl. Gritty2gether is connecting women with endurance sport interests like triathlon, cycling, and running to connect,...
July 24, 2020
YOGA JOURNAL and BACKPACKER Media Group Goes Carbon-Neutral
Boulder, CO: The Active Living Group, a division of Pocket Outdoor Media, became the first major media organization in North America to make every magazine subscription it sells carbon-neutral. The announcement was made today in conjunction with the Outdoor Retailer tradeshow as a kickoff to the group’s “Enough Already” consumer...
July 23, 2020
Skechers Stock Jumps on Earnings Beat, Sales Recovery Appears to Be on the Horizon
For the second quarter ended June 3, they posted a net loss of $68.1 million and diluted loss per share of 44 cents, compared with the prior year’s profits of $75.2 million and earnings per share of 49 cents. Revenues decreased 42% to $729.5 million. Read more on Footwear News.
July 23, 2020
Nike announces senior leadership changes and sweeping job cuts
Nike has announced a senior leadership reshuffle and plans for an undisclosed number of job cuts as part of a major restructuring that is set to cost the sportswear giant as much as US$250 million. The latest moves come as the company shifts away from a wholesale model towards digital...
July 23, 2020
Endurance Sports Coalition Pushes for Industry-Wide Financial Support in Letter to Congressional Leadership
WASHINGTON DC (July 23, 2020) – The Endurance Sports Coalition (ESC) sent a letter to congressional leadership pushing for additional financial support to be included in Congress’ next phase of pandemic relief legislation. The letter emphasizes the urgent situation facing the events-based industry suffering from near 100 percent event cancellations...
July 23, 2020
Tracksmith Launches Fellowship to Support New Voices in Running
BOSTON (July 23, 2020) – Tracksmith, an independent running brand, today announces the launch of the Tracksmith Fellowship, a grant program to support emerging voices in the sport. Creatives across all disciplines are invited to apply for the fellowship, which will provide funding and mentorship for projects grounded in the runner’s...
July 23, 2020
Sport Sunscreen, KINeSYS, listed in Allergic Living’s Top Sunscreens for 2020
Vancouver, Canada; 23rd July 2020. KINeSYS SPF 50 Fragrance Free Spray Sunscreen has been listed in Allergic Living’s 2020 Top Allergy-Friendly Sunscreens. With just 13 sunscreens included, the list is comprised of sunscreens which meet the stringent requirements of Allergic Living, an authoritative and trustworthy source for those living with allergies. Allergic Living are...
July 22, 2020
Nike Announces Major Reorganization, Job Cuts
NIKE, Inc. announced a series of senior leadership changes supporting the company’s Consumer Direct Acceleration. Amy Montagne becomes VP/GM, Men’s, Whitney Malkiel becomes VP/GM, Women’s and McCallester Dowers becomes VP/GM, Kids. Carl Grebert becomes VP/GM, EMEA, succeeding Bert Hoyt, who will retire from NIKE later in 2020. Sarah Mensah is...
July 22, 2020
Mavic saved by French investment group
After months of deliberations, courts in Grenoble have awarded investment group Bourrelier the ownership of historic French cycling brand Mavic SAS. 105 jobs were saved by the takeover as the new owners plan to refocus on rim, hub and wheel production. Read more on VeloNews.
July 22, 2020
U.S. Ski & Snowboard selects Addaday as Official Handheld Recovery Equipment Partner
SANTA MONICA, Calif., July 22, 2020 – Addaday, a world leader in injury prevention and recovery technology, announced today it has been selected as the Official Handheld Recovery Equipment Partner of U.S. Ski & Snowboard, the Olympic National Governing Body (NGB) of skiing and snowboarding. The new multi-year partnership brings...