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 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
January 14, 2025
New Balance Sales Reach Record $7.8 Billion in 2024, CEO Joe Preston Says
According to Preston, the Boston, Mass.-based athletic company achieved global annual sales of $7.8 billion, a 20 percent increase from the prior year. Footwear News
January 13, 2025
Lululemon Now Beating Prior Expectations for the 2024 Fourth Quarter
Lululemon Athletica, Inc. reported that net revenue for the fourth quarter of fiscal 2024 will be in the range of $3.56 billion to $3.58 billion, representing growth of 11 percent to 12 percent compared to the fourth quarter of fiscal 2023, or growth of 6 percent to 7 percent excluding...
January 10, 2025
Wellful Expands Portfolio with Ancient Nutrition Acquisition
Wellful secured Ancient Nutrition from VMG Partners, Hillhouse Investment, and other investors, bolstering its portfolio that features prominent brands such as Nugenix. Athletec News
January 10, 2025
EXEC: Giant Group Ends 2024 on Another Down Note as Q4 Sales Fall 8.6 Percent
The Giant Group posted its most positive month in December since a small increase August 2024 but the overall 2024 business is still failing to build back against the significant declines in 2023. SGB Media
January 10, 2025
They’re Back! The Pro’s Closet 2.0 is Live and Just Sold Their First Bike
After the hoopla of closing its doors, and selling off everything in the building, The Pro’s Closet (TPC) is back and ready to roll. Bike Rumor
January 8, 2025
Factor receives cease and desist letter over its most recent race bike release
A recent product launch by Factor Bikes has sparked controversy within the cycling community, as its newly announced "OSTRO VAM Scarab" has drawn criticism for its name and branding. Colombian custom frame builder Scarab Cycles, known globally for its vibrant, handcrafted bicycles, has expressed concern over the striking similarities between Factor’s branding and...