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.
April 25, 2023
Life Time Group Holdings Reports Impressive Q1 Earnings
Life Time Group Holdings (NYSE:LTH) has reported its Q1 earnings on April 25, 2023, and the results are impressive. The company has surpassed the analyst consensus estimate for both earnings per share and sales. Life Time Group Holdings reported earnings of $0.14 per share, which is 133.33 percent higher than...
April 24, 2023
Brooks Sues Skechers Over ‘Beast’ Trademark
Brooks Sports, Inc. filed a lawsuit against Skechers U.S.A., Inc., alleging the company infringed on its ‘BEAST’ trademark used on Brooks running shoes since 1992. Brooks said Skechers’ use of the SPEED BEAST mark “on similar products, marketed and sold through similar channels, is highly likely to cause consumer confusion...
April 21, 2023
Under Armour Founder Kevin Plank Reveals How the Brand Is Finding Its Identity in Footwear
There’s plenty of newness at Under Armour nowadays. For instance, the Baltimore, Md.-based company announced last December that it hired Marriott International executive Stephanie Linnartz as its next president and CEO. Also, construction is underway on the athletic giant’s new campus in the city. However, one of the more compelling...
April 19, 2023
The Ethics of Running Contracts
There are certain mysteries of the world that are fun and exciting. Consider black holes, aliens, and the Loch Ness monster. But I am not sure why running contracts are among them. Surely, it is not to our benefit that we do not know our worth. Certainly, it would help...
April 19, 2023
New Balance Looks to Grow Gaming Audience With New Rival Partnership
New Balance is joining forces with Rival to grow the athletic brand’s global gaming community. According to New Balance, it will partner with Rival through a series of online tournaments with the aim of giving the gaming community “special access to the brand” through athletes, ambassadors, unique experiences and exclusive...
April 18, 2023
Social cycling app Link My Ride secures investment from sports stars
Link My Ride, the social cycling app, has secured investment from a range of high profile names from across sport, including F1 star Valtteri Bottas, alongside current professional cyclists Daryl Impey, Tiffany Cromwell and Ryan Gibbons. Headlining the list of new sporting investors is Finnish Formula 1 driver Valtteri Bottas,...
April 18, 2023
‘World’s longest’ purpose-built cycling tunnel opens in Norway
A three-kilometer-long (1.8-mile) cycling and pedestrian tunnel has been blasted through the base of Løvstakken mountain and its makers say it’s the longest purpose-built tunnel of its kind. Fyllingsdalstunnelen, as it’s known, opened on April 15 with a family day of sporting activities, following four years of construction that began...
April 17, 2023
Lululemon Exploring Sale Of Mirror Fitness Platform
Lululemon Athletica, Inc. is working with an adviser to explore selling the Mirror connected fitness business, which has underperformed since LULU acquired the company in 2020, sources told Bloomberg. The report comes as Lululemon on March 29 said it absorbed after-tax impairment and other charges totaling $442.7 million against fourth-quarter earnings...
April 15, 2023
Fitstop To Expand Into U.S. Market; Hires NA Athletic Director
Australia-based fitness chain Fitstop reported plans to enter the U.S. market with a flagship location opening in Santa Monica, CA. The company also plans to open ten U.S. locations by the end of 2023. Peter Pisani was hired as Fitstop’s North America Athletic Director. SGB Media
April 13, 2023
Troubled waters for Wahoo? GPS and indoor training brand cites “special agreement” after missing payment deadline and getting its credit rating lowered again
One of the biggest credit ratings agency has sounded the alarm for Wahoo’s debts, after the company missed payment months after being warned that such a scenario could be on the horizon; but Wahoo has claimed that it has a “special agreement” with its lenders regarding the delay. The latest...