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.
June 28, 2024
Favorite Bikes Launches Brand New Hybrid CSC ST To COSTCO Canada Online
Favorite Bikes, Los Angeles, California /ENDURANCE SPORTSWIRE/ - Favorite Bikes, a pioneer in electric bike technology, proudly announces the launch of its newest model, the Hybrid CSC ST, available online at Favorite Bikes and through the newly formed relationship with Costco’s Canada and their online store for $1999 CAD. This cutting-edge...
June 28, 2024
Ultra X Announces Big Summer Sale
/ENDURANCE SPORTSWIRE/ - Ultra X, renowned for organizing world-class ultra-marathons, is thrilled to announce the launch of its highly anticipated Big Summer Sale. This exclusive sale offers participants a chance to enjoy a 20% discount on all 2024 events, making it the perfect opportunity to secure a spot in some...
June 28, 2024
Hap Seliga Appointed President of Scott USA
/ENDURANCE SPORTSWIRE/ - SCOTT Sports, manufacturer and distributor of high-quality Bike and Outdoor equipment and apparel, welcomes industry veteran Hap Seliga as President of SCOTT USA, the United States subsidiary of SCOTT Corporation. Alongside teams based in Salt Lake City and Ogden, Utah, Seliga will work to drive growth in...
June 27, 2024
Nike Inc. Beats Q4 EPS Estimates But Warns of Fiscal 2025 Guidance Cut
Nike, Inc. reported earnings in the fiscal fourth quarter ended May 31 exceeded analysts’ consensus targets by 17 cents but also warned that it would downwardly adjust its guidance for the coming year due to continued “challenges” in the marketplace. Earnings in the fourth quarter reached $1.01, excluding charges, compared...
June 27, 2024
Classified Cycling Names Head of Marketing and Communications
Classified Cycling has hired James Vickers as head of marketing and communications. Vickers previously worked at Muuvr, Wahoo Fitness and Wattbike in various marketing roles. SGB
June 26, 2024
Chargel Continues On-Site Samplings and Sponsorships at California’s Truckee Tahoe Gravel
IRVINE, Calif. (June 26, 2024)/ENDURANCE SPORTSWIRE/ - Chargel®, a first-of-its-kind, delicious Gel Drink that delivers convenient and delightfully unexpected instant pre-workout energy with zero caffeine, today announced it will be sampling its half drink, half snack, energy source at the 2024 Truckee Tahoe Gravel. Running from June 28-29 in Truckee,...
June 24, 2024
Under Armour Reaches $434 Million Settlement in Shareholder Lawsuit
Under Armour Inc. agreed to pay $434 million to settle a 2017 lawsuit into claims that the company defrauded shareholders about its revenue growth in order to meet Wall Street forecasts. Under Armour said it has consistently denied the accusations and entered into this agreement in principle, which is not...
June 22, 2024
Jury awards more than $13 million to ultramarathon athlete injured in fall on a Seattle sidewalk
A jury awarded $13.1 million to an ultramarathon athlete who was severely injured when she fell on a Seattle sidewalk in 2021. Lesley Mettler Auld, 53, said that she will never run again and struggles to walk after the fall on a sidewalk in Seattle's Queen Anne neighborhood. The professional...
June 21, 2024
Nike Execs Accused of Misleading Investors About DTC Progress in New Suit
A new lawsuit is accusing Nike of misleading investors about its purported success in its direct-to-consumer strategy. A class action suit filed by Kessler Topaz Meltzer & Check, LLP on Thursday claims that Nike chief executive officer John Donahoe and Nike chief financial officer Matthew Friend failed to reveal to shareholders that the company’s...
June 21, 2024
Austin International Half Replaces 3M Half Marathon
Austin, Texas – June 21, 2024/ENDURANCE SPORTSWIRE/ – High Five Events is thrilled to announce the rebranding of the renowned 3M Half Marathon to the Austin International Half. The race, set to take place on January 19, 2025, will continue to offer the same scenic route through Austin, Texas, while embracing...