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.
February 6, 2024
BibBoards Partners with Eager to Run in Record-Breaking 5K Challenge
San Ramon, CA 2/6/2024 /ENDURANCE SPORTSWIRE/ - BibBoards, the innovators in race bib fasteners, is proud to announce its partnership with Eager 2 Run for the upcoming world record attempt in the 5K walk/run event. The ambitious challenge aims to break the previous record of 19,862 participants, setting a new...
February 6, 2024
Tifosi Optics Welcomes Stephanie Pi to Brand Ambassador Program
Watkinsville, GA (February 6, 2024) /ENDURANCE SPORTSWIRE/ - Tifosi Optics, a leading sport and lifestyle sunglasses brand, has announced a partnership with marathoner, certified run coach, physical therapist, and content creator, Stephanie Pi. As a Tifosi ambassador, Stephanie will equip the Tifosi community with the knowledge and tools to establish...
February 5, 2024
Zwift announces further layoffs and Co-CEO resignation in post-pandemic streamlining efforts
Virtual cycling platform Zwift today announced a fresh round of workforce reductions. This news comes less than a year after its last round layoffs, which saw a world-wide staff reduction of 15 percent. Adding to the challenges, the platform faced a setback as cycling's governing body, the UCI, inked a multi-year agreement with MyWhoosh, relinquishing World...
February 5, 2024
Cyclist sues Shimano and Trek for $2 million after brake lever “impaled” foot-long wound in thigh
A cyclist in the United States is suing Trek and Shimano for $2 million in damages after he was left with a foot-long gash and "permanent numbness" in his thigh after he was allegedly "impaled" by a brake lever as he lost balance trying to avoid a crash. Timothy Lynch brought...
February 5, 2024
Are Collectives the New Privateer Programs in Gravel Racing?
/ENDURANCE SPORTSWIRE/ - Felt UN1TD launched this week, uniting the talents of gravel racers Dylan Johnson, Danni Shrosbee and Adam Roberge under one banner. “Watching how the Life Time Grand Prix and other gravel events have gone in the last few years, it’s clear that privateers are struggling against riders...
February 1, 2024
Salomon Owner Amer Sports Raises $1.37 Billion in U.S. IPO
Amer Sports, Inc. raised $1.37 billion its U.S. initial public offering (IPO), a total that fell short of its projected $1.8 billion. The Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, sold 105 million ordinary shares for $13 each. The company previously anticipated offering 100 million ordinary...
February 1, 2024
Hoka and Ugg Help Deckers Achieve ‘Largest Quarter in History’ in Q3
Shares for Deckers Brands were up nearly 6 percent in after-hours trading on Thursday as the footwear company reported its largest quarter in history driven by its star Hoka and Ugg brands. The Goleta, Calif.-based footwear company reported net sales in the third quarter of 2024 increased 16 percent to...
February 1, 2024
Women’s Triathlon Events Expand In Carolinas
February 1, 2024. Mt. Pleasant, SC /ENDURANCE SPORTSWIRE/ – Charleston based She Tris Triathlon events announced this week an agreement with Jeremey Davis of Set Up Events to purchase and rebrand the NC based all women triathlon events, known as Ramblin’ Rose. The NC series started in 2007 and has events throughout...
February 1, 2024
Peloton Shares Down on Lower Outlook, Mixed Fiscal Q2 Results
Peloton Interactive reported* that total revenue was down 6 percent to $743.6 million for the fiscal second quarter ended December 31, 2023, compared to the company’s guidance range of $715 million to $750 million. Connected Fitness segment revenue was $319.1 million in the quarter, down 16 percent from $381.4 million...
February 1, 2024
Outside Interactive, Inc. Announces Launch of RUN, a New Running Media Platform
Boulder, Colo — February 1, 2024 /ENDURANCE SPORTSWIRE/ – Outside Interactive, Inc., the world’s leading creator of active lifestyle content, services, events, and experiences, launched a new running media platform, RUN, today. Built on the legacy of more than fifty years of experience in running media across Outside Magazine, Trail...