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.
May 11, 2020
PeopleForBikes Adds 60 New Member Companies
BOULDER, COLORADO (May 11, 2020) — PeopleForBikes is pleased to report that 60 bike businesses have joined the industry coalition as new members since the organization merged with the Bicycle Product Suppliers Association (BPSA) in 2019. These new additions were not previously members of either PFB or BPSA. In total,...
May 11, 2020
Under Armour sales plummet 23% as coronavirus stalls turnaround plans
The company expects revenue could be down as much as 50% to 60% during the second quarter, as demand for its merchandise remains constrained. Read the numbers on CNBC.
May 11, 2020
Dorel Sports reports fourth consecutive quarter of revenue growth
Dorel Sports has reported its fourth consecutive quarter of revenue growth in the first quarter of 2020 at $188.2 million, an increase of $3.6 million, or 2.0%, compared to a year ago. Sales improvements were at Cycling Sports Group (CSG) and Pacific Cycle (PCG), partially offset by weakness at Caloi. Read...
May 11, 2020
Colnago sold to UAE group
Chimera Investments LLC, an investment fund based in Abu Dhabi, United Arab Emirates, has acquired a majority of the shares in Colnago, the Italian road bike brand. Ernesto Colnago founded the company in 1954. His bikes have been used to win world championships, Olympic medals, the Tour de France, the Giro...
May 10, 2020
New Zealand’s Teresa Adam And Mike Phillips Secure Bragging Rights as Oceania’s Best During the IRONMAN VR6 Pro Challenge Weekend
TAMPA, Fla. (May 10, 2020) – The sixth edition of the IRONMAN® VR™ Pro Challenge saw some of Australia and New Zealand’s leading professional triathletes go head-to-head-to-head-to-head for trans-Tasman glory with Kiwi’s Teresa Adam and Mike Phillips taking the top honors in the women’s and men’s race, respectively. In total,...
May 8, 2020
Mascot Sports to Launch Virtual 5k Race Series
OAKLAND, CA – Mascot Sports, a leader in one-of-a-kind endurance sports experiences and creator of Oakland Run Co., today announced the launch of the Oakland Run Co. Virtual Club, a series of 34 consecutive virtual 5K races. The series, which includes weekly races with live rankings and branded finisher awards, will...
May 8, 2020
Top Triathlete Dr Hannah Wells Embraces Wearable Recovery with Myovolt
Since turning professional last year, Hannah Wells has taken the world of triathlon by storm, with four IRONMAN 70.3 wins to her name, as well as a stunning win in the ASB Auckland marathon. With the 2020 competitive season curtailed by the COVID-19 lockdown, and much of her training moving...
May 7, 2020
Sporting goods, home fitness, and cycling sales surge in the U.S., reports The NPD Group
As U.S. consumers tackle ways to keep themselves and their families busy, active, and fit during this time of social distancing, sports and home fitness equipment as well as children’s and adult leisure bicycles have seen double- and triple-digit sales increases, according to retail sales data from The NPD Group. Read...
May 7, 2020
USA Triathlon Launches Safe Return to Multisport Initiative
COLORADO SPRINGS, Colo.— USA Triathlon today announced its Safe Return to Multisport initiative, a comprehensive and multi-pronged approach that will outline racing and training guidelines and recommendations for the multisport community to manage the effects of the COVID-19 pandemic. The first two documents in the series, “USA Triathlon Safe Return...
May 6, 2020
Peloton Q3 earnings show huge revenue and membership spikes
Peloton bested Wall Street's high expectations, delivering a huge quarterly earnings report Wednesday that showed revenues climbing 66%. The company posted total revenues of $524.6 million for the quarter, besting estimates of $488.5 million. Total members grew from 2.0 million in Q2 to 2.6 million in Q3, a 30% quarter-over-quarter increase....