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.
January 30, 2025
Hoka and Ugg Parent Raises Full-Year Guidance After Strong Fiscal Q3
Deckers Brands shares fell in the mid-teens on Thursday afternoon, January 30, after the company reported fiscal third-quarter results for the three-month period ended December 31, 2024. Net sales increased 17.1 percent to $1.83 billion compared to $1.56 billion in the prior-year Q3 period. On a constant-currency (cc) basis, net...
January 29, 2025
QBP lays off about 2% of its workforce
Quality Bicycle Products reduced its workforce by 2% on Wednesday. A spokesperson for the distributor said the reduction was "to ensure our long-term sustainability and success as we continue to navigate the powerful, unpredictable economic pressures and unsteady shifts confronting the bicycle industry." Multiple QBP departments were affected, the spokesperson...
January 29, 2025
No more rainbow bands’ for US bike brand after UCI agreement ends
After 30-plus years of a logo synonymous with victories at Union Cycliste International (UCI) World Cup and Championship races, the time has come for Ritchey — in accordance with UCI regulations — to retire the iconic rainbow stripes that dignify world champions in all cycling disciplines. Cycling Weekly
January 28, 2025
It’s Starting to Pay to Be Good at Cornhole
Cornhole is a staple at tailgates and backyard barbecues: Players toss square beanbags onto a two-by-four wooden board and into a round hole for extra points. Front Office Sports
January 27, 2025
Fitbit to Pay $12.5M Fine for Failing to Report Ionic Smartwatch Defect
The U.S. Consumer Product Safety Commission (CPSC) announced on Friday, January 23, that Fitbit, LLC, headquartered in San Francisco, CA, has agreed to pay a $12.25 million civil penalty. The CPSC charges that Fitbit knowingly failed to immediately report to the CPSC, as required by law, that its Ionic Smartwatches...
January 22, 2025
Pedego store owners get access to third-party e-bike brands
One of the first moves by Pedego’s new CEO, Larry Pizzi, is to set up a program allowing Pedego dealers to access other brands of e-bikes for the first time. Bicycle Retailer
January 20, 2025
Amazon cuts jobs in its Fashion and Fitness group, according to internal messages
Amazon is cutting jobs in its Fashion and Fitness group, according to internal messages seen by Business Insider. One of the internal messages, posted on an internal Amazon Slack channel, said San Diego employees in this group, known as F2, were let go recently. Business Insider
January 17, 2025
Hilton & Peloton Bring Fitness to Your Hotel Room
Peloton and Hilton have strengthened their partnership and wellness tourism ambitions with a new in-room experience that allows hotel guests to access Peloton’s on-demand fitness content on their TVs. Athletech News
January 16, 2025
The Richest Pro Triathletes of 2024
With a nearly 30% increase in prize money for pro triathletes in 2024, Triathlete crunches the numbers to see who took home the big share of the $16 million USD up for grabs. Triathlete
January 16, 2025
EXEC: KT Tape Acquired by Consumer Healthcare Investment Platform
KT Tape has been acquired by Bridges Consumer Healthcare, LLC, a consumer healthcare platform comprised of nine over-the-counter (OTC) personal care brands, including ThermaCare and Absorbine Jr. SGB Media