Latest Sports Breaking News
February 21, 2023
Brooks Running achieves record revenue in 2022, builds momentum into the new year
Brooks Running crossed the finish line in 2022 with record global revenue, up 6% over 2021 with growth in all regions, and direct-to-consumer sales up 16%. The brand navigated supply chain obstacles during the first half of the year, returning to complete inventories in the back half with a record...
February 21, 2023
Fox Factory Acquires Custom Wheel House
Fox Factory Holding Corp. agreed to acquire Custom Wheel House, LLC (CWH) from Thompson Street Capital Partners and other sellers for $131.6 million. This acquisition complements Fox’s upfitting and lift kit business and broadens its product offering in a growing automotive industry segment. SGB Media
February 21, 2023
Porsche assumes complete ownership of Greyp e-bike brand
After acquiring a majority interest in the Greyp in 2021, Porsche announced it has assumed complete ownership of the e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, had held about a 10% stake in Greyp since 2018. Bicycle Retailer
February 17, 2023
Forbes 30 Under 30 Honoree Dies After Arizona Marathon
Pierre Lipton, 26, started the Mesa Marathon at 6:30 a.m. on February 4, chasing a personal best. After 26.2 miles running 7:15 mile pace, Lipton crossed the finish line in 3:10:05, a new PR. A few steps from the finish line, he collapsed near paramedics. They tried CPR unsuccessfully and...
February 17, 2023
Shimano forecasts 21% sales drop in 2023
In its fourth quarter and full-year financial results report, the company forecast that 2023 sales in its bike components business will produce 396 billion yen ($2.95 billion), down from the 517 million yen recorded in 2022, a 23% drop. Bike component sales make up about 79% of Shimano’s business with...
February 17, 2023
Strava’s trying to make route planning easier by crowdsourcing photos from users
You can find route photos for any sport featured in the Routes section of the app, including running, trail running, walking, hikes, rides, mountain bike rides, and gravel rides. According to Strava, the platform has roughly 2.3 million photos from 200 million user-uploaded public activities in the past year to...
February 16, 2023
Three Perspectives on Ironman’s Controversial New Open Category and Transgender Policy
In a larger press release sent out on February 6, Ironman announced the creation of a new Open participatory division, with the hopes of “[providing] a welcoming and inclusive field for able-bodied athletes that cannot or do not wish to race in a competitive age or gender group.” The press...
February 15, 2023
NBC Sports, Peacock secure US media rights for the Tour de France on six-year extension
NBC Sports and Peacock will retain the exclusive U.S. broadcast rights for the Tour de France on a six-year extension, officials confirmed Wednesday. As part of its previous agreement, NBC Sports and Peacock will present full live coverage of 110th Tour de France this summer July 1-23, 2023. The extension means NBC Sports...
February 14, 2023
Shimano’s Sales Climb 15 Percent In Year, Topping Guidance
Shimano reported that net income rose 10.6 percent on a 15.1 percent revenue gain in its year ended December 31. Both earnings and sales easily topped the company’s guidance. Sales are expected to decline 20 percent in the current year. Sales increased 15.1 percent from the previous year to ¥628,909...
February 10, 2023
Mark Sutton to depart CyclingIndustry.News, Jonathon Harker moves to Editor role
Mark leaves the role having established the brand in 2016 as a trade-focused website that has since drawn monthly audiences of up to 100,000 unique users through a combination of daily news, recruitment and podcasts with industry leaders. With the online presence established the title grew with the addition of...
