Latest Sports Breaking News
May 16, 2023
Brompton secures £19 million investment and will use money to ‘be more ambitious’
Brompton, the iconic British folding bike company, has secured £19 million in investment from BGF. The bike manufacturer's accounts, published on Companies House earlier this year, show that turnover increased 40% to £106.9m ($128.7m) in the year up to 31 March 2022, up from £76.1m ($91.6m) Yahoo Sports
May 16, 2023
On’s First Quarter Profits Surge With 78 Percent Revenue Gain
On Holding AG’s profits tripled in the first quarter on strong margin improvement and 78 percent sales growth. The Swiss running brand’s results easily topped analyst targets. Strength was seen across regions, channels and product groups. Sales of CHF 420.2 million ($470mm) topped Wall Street’s consensus target of CHF 382.3...
May 16, 2023
U.S. senator under fire for allegedly using campaign money for destination marathons
When Sinema participated in the 2022 Boston Marathon, she took pride in sharing her accomplishment on social media. However, The Daily Beast revealed that Sinema received over $16,000 in campaign contributions from a few donors in Massachusetts in April 2022, some of whom contributed at the maximum allowable level of...
May 15, 2023
New Suit Comes for Nike’s ‘Misleading’ Sustainability Marketing
In a complaint filed Wednesday in a District Court in Missouri, plaintiff Maria Guadalupe Ellis claimed that Nike uses “deceptive and misleading” statements when marketing its sustainability collection. Specifically, the suit claims that Nike “deceives consumers into believing that they are receiving products that are ‘sustainable,’ ‘made with recycled fibers,”...
May 15, 2023
Garmin launches eBike-specific rear light radar, while Q1 financials are steady
Garmin’s Varia eRTL615 is its first rearview radar and tail light specifically designed for eBike riders. A battery-free design, the Varia eRTL615 plugs into a compatible eBike and can help detect approaching vehicles with visual and audible alerts when paired with selected Garmin devices (including Garmin smartwatches and Edge cycling...
May 15, 2023
The Speed Project: The secret ‘Fight Club’-style race between Los Angeles and Las Vegas
It has no website, no "register here" button, no rules, no official route, no spectators and, until a week before, no official start date. It's a "Fight Club" of the running world created in the mould of its founder. Before he found marathon running after moving to Los Angeles in...
May 15, 2023
Giant and Stages end investment negotiations
Giant had filed a notice in January saying its board had agreed to invest a total of about $20 million in Stages, which has manufactured stationary bikes for Stages in the past. The January statement said the board approved the purchase of 32.5% of Stages Cycling Inc. common stock for $6.5...
May 11, 2023
Why tall, leggy people run faster in the heat
If you are a marathon runner in search of a personal best, your body shape could be just as important as your training, analysis suggests. A study of 170 Ironman contestants found tall, leggy runners performed better in warm climates, while shorter, stockier people had the upper hand in colder...
May 11, 2023
Peloton Recalling More Than 2 Million Bikes Over Fall Risk — See If Your Bike Is Included
Peloton has recalled over two million bikes and urged customers to discontinue using the product over safety concerns. On Thursday, the Consumer Product Safety Commission reported the recall of approximately 2.2 million bikes, specifically the Model PL01. Peloton received 35 reports concerning the recalled model, sold online and in Dick's...
May 10, 2023
Asics Corp. Posts 35 Percent Jump In Q1 FX Neutral Sales; Profits Surge 87 Percent
Asics Corporation reported that net sales jumped 44.6 percent year-over-year to ¥152.2 billion ($1.15 bn) in the first quarter ended March 31, and increased 35.0 percent year-over-year excluding foreign exchange effects. Profit attributable to owners of the parent company increased 86.9 percent to ¥16,310 million ($122.8 mm) mainly due to...