News Topics
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May 2, 2024
Brooks Achieves Highest Quarterly Results in the Brand’s History in Q1
In the first quarter of 2024, the Seattle-based performance running brand reported a 9 percent year-over-year increase in revenue. This marks the company’s highest quarterly results in the brand’s history, Brooks said in a statement. In an interview with FN, Brooks’ new chief executive officer Dan Sheridan said that North America led...
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May 1, 2024
Amer Sports sells Enve Composites to private investment firm
Enve Composites has been sold by Amer Sports to PV3, a Utah-based private investment firm. Amer Sports’ chief operating officer Michael Hauge Sørensen said: “Enve has gone through major changes in the past years. The brand has positive momentum, and we see that it has good potential. Enve Composites was founded in 2007...
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May 1, 2024
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
Wolverine World Wide, Inc. announced that it entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company. Under the first agreement, Vida Shoes International will become the global licensee for Merrell and Saucony kids footwear, with rights to these products in almost all markets...
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April 30, 2024
Are sleep trackers hurting runners’ performance?
With increasing studies showing that better sleep can lead to faster speeds, many runners now rely on their GPS watches’ sleep trackers for insights into how well they sleep. However, a recent study suggests that the use of sleep trackers may have the opposite effect, leading to orthosomnia–an unhealthy obsession with...
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April 30, 2024
Adidas Swings to Q1 Profit as DTC Drives Top-Line Growth
Adidas is reporting that currency-neutral (c-n) revenues increased 8 percent in the first quarter of 2024, compared to the the 2023 first quarter. The better-than-expected performance was said to be driven by the “strong momentum” of the underlying Adidas business, which grew 5 percent in the period. In addition, the...
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April 29, 2024
2025 London Marathon receives nearly 850,000 applicants
The marathon running boom has reached a record high. As the public ballot for the 2025 TCS London Marathon closed on Friday, organizers reported they received a record 840,318 applications, smashing last year’s mark of 578,374. The 2024 London Marathon saw just over 50,000 finishers, a record for the event,...
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April 27, 2024
Rapha abruptly closes North America office and lays off staff
Rapha has abruptly closed its North American office and laid off six of its eight staff as the clothing brand says it is “realigning Rapha to better reflect our strategic priorities and current market dynamics.” Rapha CEO Francois Convercey siad that the layoffs were part of a consolidation plan. Rapha’s...
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April 26, 2024
What millennials are doing to confront the ‘quarter-life crisis’
We’ve all heard of a midlife crisis, but how about a quarter-life crisis? It’s now happening to people in their 20s. Whether it's harder, taking longer to find a career path that is meaningful to them or taking longer to find a partner, or moving to a new city, and...
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April 26, 2024
The Stages Cycling Saga Is Only Going to Get Messier
As Stages product owners know quite well, the company had seemingly been on life support for the last year, visible to both consumers and industry watchers alike. This follows nearly a year of continued degradation of their product support responsiveness, and loss of key long-term leaders at the company. The...
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April 26, 2024
Gamification, Financial Rewards Drive Workout Motivation, Study Shows
Gamified, point-earning strategies and small financial incentives can encourage increased physical activity, especially when the two are combined, according to new research. An 18-month study presented this month at the American College of Cardiology’s Annual Scientific Session examined the effect that earning points or small amounts of money had on the...
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April 26, 2024
Bike-carrier demand helps propel Thule’s 9% Q1 net sales gain
Buoyed by Sports & Cargo Carriers, Thule Group's first-quarter net sales increased 8.7% year-over-year. Sales of Sports & Cargo Carriers, including the largest sub-category bike carriers, jumped 16% compared with the same time last year. Overall net sales of SEK 2,420 ($222 million) for the quarter topped the SEK 2,226...
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April 25, 2024
Why REI Co-op Is Doubling Down on Running Shoes and Exiting Its Branded Footwear Business
REI Co-op confirmed that it is exiting its REI-branded footwear business after 2024, four years after the company said that it would begin producing its own shoes. In the time since its initial launch, REI has delivered eco-friendly hiking boots, trail runners and more. As the retailer exits one business,...
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April 25, 2024
Cancellation of 2024 Zuma Beach Triathlon in Malibu
Early this year, Malibu City Council awarded a race permit and contract to the Zuma Foundation – with a new event, the Zuma Beach Triathlon, replacing the Malibu Triathlon and scheduled for September 14-15, 2024. However, the Zuma Foundation has requested that the City of Malibu postpone The Zuma Beach Triathlon...
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April 24, 2024
Stages Cycling executives join Giant after suit and apparent shutdown
At least four former Stages Cycling executives have joined Giant Manufacturing as the power meter and smart bike brand has apparently stopped operations. Meanwhile Giant, which manufactures many Stages products in Taiwan, is suing Stages for about $14 million in unpaid invoices. AIPS Technology, a Giant Manufacturing subsidiary, filed suit...
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April 23, 2024
Shimano first-quarter sales down 20% from last year
Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year. Shimano did...
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April 23, 2024
British man runs 4-hour marathon while drinking 25 glasses of wine
A British man and TikToker combined two of his favourite things–running and wine–at this year’s London Marathon to complete an epic challenge for charity. Instead of opting for a flashy costume or a Guinness World Record, Tom Gilbey of London, an Internet wine connoisseur, took on the challenge of blind tasting a...
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April 23, 2024
Stages Cycling lays off entire workforce
Stages Cycling is seemingly the latest casualty of the ongoing industry crisis with sources close to the company indicating it laid off all its staff last week, as the company appears to edge closer to ceasing operations. The company is synonymous with power meters and had a hugely successful range...
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April 23, 2024
Kona Bicycle Brand for Sale After Dropping Out of Sea Otter Bike Show
It’s likely a tough week for the employees of Kona Bicycles. After setting up a booth at Sea Otter, one of the cycling industry’s largest annual gatherings, Kona employees were told to tear it back down before the event even started. The move was surprising for a number of reasons. Kona had...
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April 23, 2024
Aging without injury: how older runners are killing the game
Injuries are not fun, and neither is aging, but the two don’t always go hand in hand. Canadian physiotherapists argue that whether you’re fresh out of school or newly retired, age does not necessarily determine your running injury status. In fact, these physiotherapists have found older runners outperforming newcomers to...
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April 23, 2024
These Were the Guinness World Records Broken at the 2024 London Marathon
The 2024 London Marathon saw 44 Guinness World Records broken, including for the fastest marathon dressed in an inflatable costume. Kenya’s Peres Jepchirchir may have stolen the headlines by setting a new women’s-only world record on Sunday, but she was not the only record breaker in the race. Amateur runners...
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April 21, 2024
Famed “Ride the Rockies” Race Canceled Due to Low Registration
Ride The Rockies, a Colorado cycle-touring institution that dates back decades, is on hold for 2024. Run each summer since 1986, more than 2,000 cyclists pedaled the roads of Colorado’s high country for one week in a route that changed from year to year. Organizers announced this summer’s edition—set to...
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April 19, 2024
Beijing half marathon winners stripped of medals after African trio let Chinese runner win
The top four finishers of the Beijing Half Marathon have been stripped of their medals after an investigation found three African runners deliberately slowed down near the finish line to let a Chinese competitor win, according to organizers. All four runners’ results have been revoked and their trophies, medals and bonuses will be...
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April 19, 2024
Chinese runner’s win is revoked after investigation into Beijing Half Marathon
The winner of Beijing’s half marathon, He Jie, and three African runners have had their results canceled after an investigation found that the three slowed down near the finish line allowing the Chinese athlete to finish first, organizers said Friday. He had won the race held last Sunday in China’s capital...
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April 19, 2024
Nike Layoffs in Oregon Headquarters Will Total 740 People by June
Nike‘s layoffs at its Beaverton, Ore. headquarters will have impacted hundreds of employees by June, according to a WARN notice filed with the state of Oregon on Friday. Nike said in the filing that by June 28, 740 employees will have been let go as part of two rounds of layoffs. Nike confirmed that...
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April 17, 2024
Boston Marathon winner is still owed $100,000 prize money from the BAA 10 years later
A Boston Marathon winner who smashed the iconic course record is still waiting for her $100,000 payday a decade later. The 2014 marathon winner Buzunesh Deba says she’s owed $100,000 from the Boston Athletic Association after the initial first-place finisher was disqualified for doping. As Deba waits for the $100,000...