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 29, 2024
Suunto Named Presenting Sponsor of 2024 Hardrock Hundred Livestream
Silverton, COLORADO /ENDURANCE SPORTSWIRE/ - Mountain Outpost is excited to announce a partnership with Suunto, a global leader in the wearables space, for the 2024 Hardrock Hundred Livestream. This collaboration will help bring an elevated livestream experience to one of the most iconic 100-mile foot races in the world to...
May 29, 2024
USA: E-bikes could become more expensive after June 14
In the USA, e-bikes could become significantly more expensive, as importers of Chinese-produced parts will face higher costs. An exclusion from tariffs imposed on imports from China will expire on June 14, meaning importers will pay an extra 25% duty on top of any existing tariffs. The change affects e-bikes,...
May 29, 2024
Dick’s net sales increase 6%, leading to improved full-year outlook
Dick's Sporting Goods reported net sales increased 6.2% year-over-year and raised its full-year outlook. Net sales for the quarter ending May 4 were $3.02 billion, compared with $2.84 billion at the same time last year. Net income for the quarter was $275 million, down 10% year-over-year from $305 million. Earnings...
May 28, 2024
Merida bikes sales drop by 29.8% as industry slump rumbles on
Merida bikes are the latest firm to report a drop in sales in the current year as the effects of the global pandemic period continue to reverberate throughout the bike industry. The brand - which provides bikes for leading WorldTour team Bahrain Victorious - has been forced to stomach a...
May 24, 2024
Deckers CEO Says Innovation is Hoka’s ‘Top Priority,’ as the Performance Shoe Brand Continues to Grab Market Share From Nike
On the product front, Hoka is driving growth and consumer acquisition through innovative updates and new introductions across a diverse assortment of footwear. Innovation is the Hoka brand’s top priority, continuing to develop groundbreaking products that energize consumers around the world. FN
May 23, 2024
Remark Raises $10.3 Million to Make AI More Human for E-commerce
New York, NY - May 23, 2024/ENDURANCE SPORTSWIRE/ – Remark, a pioneering company dedicated to humanizing the online retail experience, has successfully raised $10.3 million in a funding round led by notable investors including Stripe, Spero, Shine, and Neo. This investment will propel Remark’s mission to make e-commerce more engaging...
May 22, 2024
Sports travel experts Sportive Breaks have announced the opening of a China branch, the latest step in the company’s global expansion following their launch in United States and Australia in 2023.
22nd May 2024 - Manchester, UK/ENDURANCE SPORTSWIRE/ – Sportive Breaks offer bespoke premium travel packages and cycling hospitality for cyclists and cycling fans looking to experience the world's most prestigious grand tours, cycling classics and weekenders, from La Vuelta a España, L'Etape du Tour to Milan-San Remo, Paris-Roubaix, and flagship...
May 21, 2024
Kona founders buy back the brand; Kona Bikes returns to rider-owned and operated roots
Just a month after Kent Outdoors abruptly stalled Kona’s operations at the Sea Otter Classic, announced job cuts and the sale of the 36-year-old brand, the future has taken a surprising but optimistic turn. The brand has been bought back by its original founders, Dan Gerhard and Jake Heilbron, who promise to...
May 21, 2024
Peloton Taking Out $1B Loan as Part of Refinancing Effort
On Monday, Peloton announced that it intends to enter into a series of financial transactions including a $1 billion, five-year loan, the issuance of $275 million in convertible senior notes and a $100 million, five-year revolving credit facility. In total, Peloton will get around $1.4 billion in new credit from the transactions. The...
May 21, 2024
Mauna Lani, Auberge Resorts Collection Partners With 3x Hawaii IRONMAN® Champ Craig “Crowie” Alexander for Exclusive Triathlon Training Experience
Kohala Coast, Hawai’i /ENDURANCE SPORTSWIRE/ - Mauna Lani, Auberge Resorts Collection, is excited to announce its exclusive partnership with 3x Hawaii IRONMAN World Champion Craig “Crowie” Alexander in the creation of its Kona Triathlon Experience, a six-day training camp that will take place August 11-16, 2024. Train side-by-side with Alexander at...
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