Latest Sports Breaking News
February 24, 2024
Peter Sagan undergoes heart procedure after experiencing ‘tachycardic episode’
Peter Sagan underwent an ablation procedure at a hospital in Ancona, Italy, after his heart rate exceeded 200 bpm during a race near Valencia last weekend. Further tests were carried out on Sagan earlier this week which revealed he had experienced episodes of tachycardia during extreme exercise. An ablation, which is...
February 23, 2024
Merrell Expects DD Decline in 2024; Return to Growth in H2
Merrell brand parent company Wolverine Worldwide (WWW) outlined progress and planning for some of its top brands when discussing fourth-quarter and full-year results, pointing to the outdoor footwear brand as a key contributor. Wolverine’s CEO Chris Hufnagel said the Merrell brand will have the opportunity to work more closely with...
February 22, 2024
Fox Factory sales down 9% in 2023
Fox Factory revenues in its Speciality Sports Group, which includes its bike-related brands, were down 43% in the company’s 2023 fiscal year, a decline the company attributed to “channel inventory recalibration” and “lower end consumer demand.” The decline in the SSG revenue came despite the inclusion of $16.8 million in...
February 21, 2024
State Farm, Rad Power Bikes settle lawsuit over e-bike fire
The lawsuit in U.S. District Court for the Eastern District of Pennsylvania was dismissed with prejudice after it was filed Oct. 4, 2022, claiming damages were in excess of $250,000. The lawsuit alleged design, manufacturing, and component defects; use and/or handling instruction and/or warnings defects; and/or a failure to warn...
February 20, 2024
Giant Group Reports Moderating Sales Decline in January
The Giant Group reported monthly revenues for January 2024 declined 17.7 percent to NT$4.79 billion, representing the third straight month of moderating declines and the smallest decline since June 2023 when company revenues declined 13.5 percent. The Giant Group reports financials in New Taiwan Dollar (NT$). SGB Media
February 18, 2024
Cougar attacks 5 cyclists in Washington, with one woman hospitalized
A cougar attacked a group of five cyclists on a trail in Washington on Saturday afternoon, sending a woman to the hospital, officials said. The bikers were on a trail northeast of Fall City, located about 25 miles east of Seattle, when they were attacked around 12:50 p.m. local time,...
February 16, 2024
Ownership of IRONMAN is More Than the Legal Status
IRONMAN is a personal touchstone and for this reason there are no owners of it. There are only temporary custodians of a cultural institution who’ve been granted the privilege of husbanding the brand while they remain in charge. The new custodian has more than a responsibility. He has an opportunity....
February 15, 2024
Beleaguered New York City Triathlon Cancels 2024 Event. Organizers Tell Us Why.
In a fairly surprising move, Supertri (formerly Super League Triathlon), the new owners of the New York City Triathlon as of 2023, announced this week that the 2024 edition would be canceled before registration even opened. One of the reasons is because the date falls on the fifth weekend in...
February 15, 2024
Nike Is Laying Off 2% of Workforce as Company Works to ‘Right-Size’ Organization
After months of speculation, Nike confirmed late Thursday that it is laying off 2 percent of its workforce. The move comes after the athletic giant revealed in December that it was taking steps to “streamline” the organization and would look to save up to $2 billion in costs over the...
February 13, 2024
Shimano Inc. Confirms California Lawsuit Plaintiffs Seek Class Action Status
Shimano, Inc. confirmed the earlier reporting by the Nikkei Online Edition that a lawsuit was filed in the U.S. claiming damages related to bonded 11-speed Hollowtech II road cranksets sold in the U.S. The company said the lawsuit was filed in The U.S. District Court in California against its subsidiary, Shimano North...
