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 14, 2024
CoachCat AI Gives Athletes Instantaneous Feedback on Workouts
BOULDER, CO, Feb. 12, 2024 /ENDURANCE SPORTSWIRE/ - Frank Overton, the former molecular biologist, has finally found a way to clone himself. Now a renowned cycling coach and founder of leading coaching service FasCat, Overton has helped cyclists at every level achieve their greatest potential. But he’s long struggled to...
February 13, 2024
Odyssey Raises $6M for Mushroom-Infused Energy Drinks
Odyssey, a mushroom-infused functional beverage brand founded in 2021, announced the completion of a $6 million funding round. Richard Laver from Rocket Beverage Group joined the investor group alongside existing stakeholders, who contributed 50% of the capital. Odyssey makes the first-ever ready-to-drink energy beverage infused with a high-potency extract of...
February 13, 2024
Shimano Inc. Confirms California Lawsuit Plaintiffs Seek Class Action Status
Shimano, Inc. confirmed the earlier reporting by the Nikkei Online Edition that a lawsuit was filed in the U.S. claiming damages related to bonded 11-speed Hollowtech II road cranksets sold in the U.S. The company said the lawsuit was filed in The U.S. District Court in California against its subsidiary, Shimano North...
February 13, 2024
Shimano annual sales down 30% in bike division
Shimano announced full-year 2023 sales in its bicycle division of 364,679 million yen ($2.42 billion) on Tuesday, a 29.5% decrease from the year before. Operating income in the division was down 55%, to 65,251 million yen. Forth-quarter sales in the bike division totaled 75,236 million yen, compared to 132,782 million...
February 13, 2024
Brooks Global Sales Were Up 5% to $1.2 Billion in 2023
https://footwearnews.com/business/earnings/brooks-2023-sales-billion-revenues-1203590268/
February 13, 2024
3rd Annual Endurance Event Opens Doors to Knowledge and Inspiration
/ENDURANCE SPORTSWIRE/ - The Endurance Event, a highly anticipated annual gathering of athletes, coaches, and enthusiasts, is set to return for its third consecutive year. Hosted by 80/20 Endurance, this virtual extravaganza promises to inspire, educate, and empower participants to reach their peak performance levels. Scheduled to take place from...
February 12, 2024
Broken Arrow Skyrace Announces New Advisory Council
Tahoe City, California /ENDURANCE SPORTSWIRE/ – The Broken Arrow Skyrace, presented by Salomon, is delighted to announce a first-of-its-kind Advisory Council. The role of the advisory council is to provide ongoing community input to the three-day, multi-distance trail running festival, held each year at the iconic Palisades Tahoe, home to the 1960...
February 12, 2024
Electrolit Slam Dunks Partnership with Hoopbus and Local Hoops: Celeb Games and Renovated Courts at All-Star Weekend Community Popup
Houston, TX (February 2024) /ENDURANCE SPORTSWIRE/ - Electrolit – the preferred, premium hydration beverage made from pharmaceutical quality grade ingredients – is joining forces with Local Hoops to support nonprofit Hoopbus’ fifth annual Show Love series that brings together the global basketball community and local hoopers and organizations driving basketball...
February 9, 2024
Asics Reports Strong Net Sales, Profits in 2023, But Expects Slowdown in North America This Year
Asics said it reported record sales and profits for 2023, but expects to see a slowdown in North America in 2024. According to the Japan-based athletic brand, net sales in fiscal year 2023 increased 17.7 percent to 570.4 billion yen. Gross profit was up 23.3 percent to 296.9 yen. Net income...
February 8, 2024
Under Armour North America Sales Fall 12 Percent in Fiscal Q3
Under Armour, Inc. saw fiscal third quarter net sales slide 6.0 percent, or 7 percent in currency-neutral (CN) terms, to $1.49 billion in the period ended December 31. Gross margin increased 100 basis points to 45.2 percent of sales, said to be driven primarily by supply chain benefits related to...