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.
December 9, 2021
Nike Tries to Ban Imports of Adidas Knit Shoes, Accusing It of Copying Designs
Nike Inc. is asking a U.S. trade agency to block imports of a wide range of Adidas AG Primeknit shoes, saying they copy the Oregon company’s patented inventions for a knitted fabric that reduces waste without any loss in performance. The complaint, filed Wednesday at the International Trade Commission in...
December 8, 2021
ClassPass Data Shows Gyms Recovering, Livestream Workouts Falling
ClassPass released data on Wednesday revealing how the reopening of gyms and the changing nature of work is affecting the fitness industry. The company, which offers access to numerous gyms, fitness centers, and spas through a subscription program, found that gym reservations have surged on its platform at the expense...
December 7, 2021
Lack of spectators at Tokyo 2020 set to save organisers more than $1 billion
The total cost of staging the Games, which were postponed by a year due to the COVID-19 pandemic, was ¥150 billion (£1 billion/$1.3 billion/1.2 billion) less than budgeted as the lack of fans meant labour costs and other expenditure was not as big as expected, Japanese agency Kyodo News reported. Cost reductions...
December 7, 2021
Electric bike exports to UK from Taiwan surge 66%, U.S.A 69%
Electric bike exports data handed to CI.N from the Taiwan Bicycle Association revealed that from January to September the value of electric bike export trade into Europe from Taiwan came in at $520,562,109, up 28%, while the North American tally registered $304,430,109 in value, up 64.1%, driven primarily by a...
December 7, 2021
Strava Publishes 2021 ‘Year in Sport’ Annual Stats Extravaganza
Strava just published their annual year in review presentation, which outlines what all of us 95 million Strava users suffer through each week. Both athletically suffering through hard workouts and long adventures. But also occasionally suffering through what others post on their timelines. DC Rainmaker
December 6, 2021
Wearables Shipments Grew 9.9% in the Third Quarter of 2021 as Watches Start to Displace Wristbands in the Wrist-worn Device Category, Says IDC
Global shipments for wearables grew 9.9% during the third quarter of 2021 (3Q21) reaching 138.4 million units, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Hearables led the growth as the category grew 26.5% compared to last year and accounted for 64.7% of wearable...
December 2, 2021
Criminal Investigation Looks at the Financial Relationship Between USATF and Nike
As part of a criminal investigation, the U.S. Attorney’s Office for the District of Columbia has asked for documents detailing the financial relationship between USA Track & Field (USATF), the governing body for the sport of running in the United States, and Nike, its largest sponsor. Runner's World
December 1, 2021
It’s Just HOKA Now
Everything is HOKA, just HOKA, and even the One One on the logo is gone. The narrative you’ll read on the site is: “Welcome to the HOKA family,” and “At HOKA, our goal is to inspire people to move… HOKA has your back.” slowtwich
December 1, 2021
Garmin® confirms December 31 dividend payment
The Garmin Ltd. (NASDAQ: GRMN) board of directors has established December 31, 2021 as the payment date for the next dividend installment of $0.67 per share with a record date of December 15, 2021. At the 2021 annual shareholders’ meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a...
November 26, 2021
Peloton has sued Lululemon in feud over cycle maker’s new apparel line
Peloton has sued Lululemon after the leggings maker threatened legal action against the connected fitness equipment company earlier this year. The suit, filed in Manhattan federal court on Wednesday, comes just a few weeks after Peloton rolled out a massive marketing blitz behind its own apparel line. The company has...