Latest Sports Breaking News
February 8, 2022
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post Summary: Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board. Peloton plans to cut 2,800 jobs, or about 20% of corporate positions. CNBC
February 8, 2022
Kara Goucher diagnosed with neurological disorder
The running community was shocked on Tuesday when Kara Goucher, one of America’s most accomplished distance runners, announced that she will no longer be able to participate in the sport she loves. The two-time Olympian explained in an Instagram post that she had been diagnosed with repetitive exercise dystonia and that if...
February 8, 2022
€270,000 Worth of Shimano Bike Parts Stolen in Dramatic Heist
A Czech bike manufacturer called Bike Fun International was expecting a shipment of Shimano components necessary to produce 10,000 bikes. That shipment never made it. On January 21, somewhere in Germany, the truck driver transporting the container packed with Shimano’s finest pulled into a rest stop. Like something out of...
February 5, 2022
Amazon is exploring offer for Peloton, source says; report says Nike also weighing bid
Peloton Interactive Inc (PTON.O) has drawn interest from potential buyers including e-commerce giant Amazon.com Inc , according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist...
February 3, 2022
Hoka and Ugg Help Deckers Deliver Its Largest Quarter Ever
Deckers Brands delivered its largest quarter in history for the third quarter of 2022 despite ongoing supply chain issues and a slowdown in its Sanuk and Koolaburra brands. The footwear conglomerate – which also owns Hoka, Ugg, and Teva – reported a revenue increase of 10.2% to $1.188 billion in...
February 3, 2022
Skechers Just Had Its Best Year Yet, Thanks to DTC Sales and a Strong Supply Chain
The fast-growing comfort focused footwear brand managed to break four quarterly sales records throughout the year and set a new record for full year sales in 2021 at $6.29 billion. In the fourth quarter, Skechers unveiled sales of $1.65 billion, marking a year over year increase of 24.4%. Net earnings...
February 2, 2022
Walmart named title sponsor of 2022 Joe Martin Stage Race
The northwest Arkansas Joe Martin Stage Race celebrates its 45th anniversary and is on the calendar for May 19-22. Walmart has signed on as title sponsor for the 2022 edition. VeloNews
February 2, 2022
Asics Raises Outlook For The Year
Asics Corp. in a regulatory filing increased its sales and earnings guidance for its year ended December 31. The Japanese-based company cited a better-than-expected performance in Performance Running and Core Performance Sports, as well as in Europe and Greater China. SGB Media
February 1, 2022
NYT reports Alberto Salazar’s lifetime Safe Sport ban is for sexual assault
In July 2021, former Nike Oregon Project head coach Alberto Salazar, who had been banned from coaching in 2019 for doping violations, received a permanent, lifetime coaching ban from the U.S. Center for SafeSport for sexual misconduct, and his attempt to appeal the decision was denied. It was previously understood...
February 1, 2022
The craziest active streaks in running
On Jan. 29, New Zealand’s Nick Willis ran another sub-4 minute mile at the NYC Millrose Games for the 20th consecutive year. This achievement is something only a few runners have come close to, which has sparked us to find the craziest active running streaks. Canadian Running