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.October 11, 2022
Wahoo sues Zwift for patent infringement over turbo trainer
American company says Zwift's new Hub trainer is 'identical, in all material respects, to the KICKR CORE'. Cycling Weekly
October 7, 2022
Rad Power Bikes disputes State Farm fire claim
Rad Power Bikes denied that one of its e-bikes started a residential fire that caused property damage and led to a lawsuit being filed against the brand on Tuesday. The lawsuit states Luff's Rad Power e-bike — model not disclosed — malfunctioned and failed catastrophically and resulted in a fire...
October 6, 2022
Peloton slashing 500 more jobs as it races to return to growth
Peloton is cutting another 500 jobs in a move that CEO Barry McCarthy said should position the struggling fitness equipment maker to return to growth. The cuts, which amount to about 12% of Peloton's workforce, mark a pivot point for the company, McCarthy told CNBC on Thursday. Peloton already has...
October 3, 2022
Science in Sport raises and may sell to hedge against economic downturn
Science in Sport has this morning announced its intention to raise up to £5 million via the allocation of new ordinary shares in a bid to hedge against an economic downturn. Having just invested big in a new Blackburn production headquarters, the company has looked to steady itself, anticipating that...
October 3, 2022
Peloton will put bikes in every Hilton-branded hotel in the U.S.
Peloton will put bikes in all 5,400 Hilton-branded hotels in the United States as part of a partnership announced Monday, as the bike maker pushes to expand its reach. The partnership will provide at least one bike to each hotel fitness center, including locations of the 18 Hilton brands, such...
September 30, 2022
Judge Dismisses Peloton’s Lawsuit Against Lululemon Regarding Apparel Infringement
Peloton’s lawsuit against Lululemon, which sought a judgment ruling that Peloton’s apparel did not infringe on Lululemon’s design patents, has been dismissed. A judge in the Southern District of New York on Thursday granted Lululemon’s request to dismiss Peloton’s complaint, which means litigation is likely to continue between the two...
September 30, 2022
Some Dick’s Sporting Goods stores to carry Peloton products
More than 100 Dick's Sporting Goods stores will soon sell Peloton stationary bikes, treadmills and accessories starting this holiday season. It will be Peloton's first distribution agreement with a brick-and-mortar retailers. Dick's will also sell the products on its website. Bicycle Retailer
September 29, 2022
Peloton will sell Bikes, Treads at Dick’s Sporting Goods in its first brick-and-mortar partnership
The collaboration will make Dick’s the first brick-and-mortar retailer outside of its namesake stores to carry Peloton equipment. Peloton had long been an exclusively direct-to-consumer business before it began selling its products on Amazon in August. CNBC
September 27, 2022
Pearl Izumi Trims Staff, Plans Sale Of Colorado Headquarters
Pearl Izumi has eliminated an undisclosed number of positions at its Louisville, CO headquarters and plans to sell its headquarters building, according to a report from BusinessDen. The cycling apparel brand was acquired by United Sports Brands in May. Candi Whitsel, SVP of marketing at United Sports Brands, declined to...
September 26, 2022
Dick’s Sporting Goods Is Hiring 9,000 Workers This Holiday Season
The sporting goods retail giant announced today its plan to hire up to 9,000 seasonal associates throughout the country, starting on Sept. 28 with “National Signing Day,” an annual recruiting effort event that is now in its fifth year. This number is down from last year’s hiring event, which sought...