Latest Sports Breaking News
August 12, 2024
Giant Group revenue down 13% in half
Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year. The company said that due to profit growth in China, its gross margin rate fore the period was 21.3% and net profit after tax was NT$1.67 billion, a decrease...
August 10, 2024
First Look: Action Bronson and New Balance Are Making Performance Running Sneakers Together
Action Bronson and New Balance have already had a big year together; the duo have released three different collaborative styles of the 1906R sneaker, and the rapper in June began teasing another upcoming drop. Now, we’re getting another look at the soon-to-be-released Action Bronson x New Balance Minimus Trail collab along with a first look at a performance running sneaker. Previewed Friday...
August 5, 2024
Kristen Faulkner Wins Gold in Major Cycling Upset, Making History as First American to Medal in 40 Years
Kristen Faulkner has made history after winning gold at the 2024 Olympic Games! The racing cyclist, 31, earned her first gold medal at the women’s road race on Sunday, Aug. 4 — becoming the first American to secure a medal in the event in 40 years. People
August 5, 2024
More layoffs at Rad Power Bikes as Seattle e-bike maker aims to ensure ‘brand’s longevity’
Seattle-based Rad Power Bikes made more cuts to its workforce in July, the latest in a wave of layoffs that have impacted the well-funded electric-bike startup. A spokesperson for the company declined to share how many positions were impacted and which departments were part of the reduction. TechCrunch first reported...
August 1, 2024
Hoka Continues to Expand Wholesale Reach, Plans Apparel Push in Future
Hoka continues to post blockbuster results for parent company Deckers Brands, with double-digit growth in both wholesale and DTC channels in the quarter ended March 31. Hoka’s revenue increased 30% to $545 million during the quarter. DTC revenue jumped 33%, while wholesale rose 28%. The Daily Outdoor
August 1, 2024
Bike product sales down almost 40% at Fox Factory in the first half
Fox Factory says "ongoing channel inventory recalibration and, to a lesser extent, lower-end consumer demand" contributed to a decline in sales of bicycle products in its fiscal first half and second quarter, announced Thursday. Fox said sales of its bike products in the half were down $87.9 million — or...
July 31, 2024
Paris Olympics: Swimmers return to the Seine for the first time in a century
After six years, $1.5 billion, innumerable tests, cascades of protests, political grandstanding, countless prayers and hopes, multiple delays, and a thunderstorm just hours before the start … swimmers are finally in the Seine once again. The competitors in the women’s triathlon at the 2024 Olympics went into the water at...
July 31, 2024
EXEC: Adidas Group Doubles Q2 Profits on Double-Digit Sales Growth X-Yeezy
Adidas Group CEO Bjørn Gulden reported that the second quarter was another that confirmed the company’s improvement and progress toward becoming healthy again. Gulden noted that consumers and retailers continue showing strong and increased interest in the Adidas brand and products. He said this was “clearly reflected” in the 16 percent growth for the underlying Adidas...
July 30, 2024
EXEC: Shimano Sees Continued Headwinds Drive H1 Sales and Profits Lower
Shimano Inc. is reporting that the pace of global economic recovery was moderate during the first half of fiscal year despite some factors that continued to exert downward pressure on the current economic climate, including tight monetary policies adopted mainly in Europe and the U.S., geopolitical risks caused by rising...
July 30, 2024
Men’s triathlon race postponed to Wednesday due to Seine pollution levels
Organisers will decide on Wednesday at 4am (0200 GMT) if Paris Olympics' triathlon competitions can go ahead later in the day after the men's event was postponed on Tuesday due to pollution levels in the Seine. France has invested heavily to make the Seine swimmable as a key legacy of...