Latest Sports Breaking News
November 9, 2023
Raleigh set for restructure and job cuts
British cycling brand Raleigh has announced that it will be making job cuts alongside an internal restructuring. Attributing the changes to a challenging market, the company will be shutting down its parts and accessories department as well as outsourcing its warehousing and logistics. In an interview with ITV, a spokesperson...
November 9, 2023
Wolverine Sees New Round of Layoffs as It Looks to Further ‘Streamline’
Wolverine Worldwide is accelerating its transformation plan as it looks to “streamline” the organization. As part of this plan, the Rockford, Mich.-based footwear company on Thursday revealed a new global workforce reduction and organizational redesign. While Wolverine has not disclosed the number of employees affected by this move, the company...
November 9, 2023
Can Specialty Run Handle More Competition? Is the ‘Super Shoe’ Here to Stay? + More Burning Questions for the Running Market
The running market continues to be the hot spot in athletic footwear, and everyone wants a piece of it. For instance, Nike, which had been prioritizing its direct-to-consumer channels, renewed its partnerships with non-athletic retailers Macy’s and DSW earlier this year. And Hoka — FN’s Brand of the Year and...
November 8, 2023
Adidas Ekes Out Growth in Q3 on Gains in all Regions Except North America
Adidas posted a 1 percent increase in currency-neutral (c-n) revenues in the third quarter of 2023. The company said the top-line development reflected the company’s conservative sell-in approach aimed at reducing high inventory levels, improved sell-through as well as the company’s focus on full-price sales across its own channels. In...
November 7, 2023
Future of Tour of Britain in doubt after British Cycling ends deal with race organiser
The future of the Tour of Britain is in serious doubt after British Cycling withdrew from a deal with race promoter Sweetspot, with the termination reportedly centering around allegations that the company owes around £700,000 in race licence rights fees. The dispute means that the UK's biggest professional bike race could be...
November 2, 2023
Kaitlin Armstrong Day 2: Testimony surrounds gathering evidence at murder scene
Prosecutors will call more witnesses Thursday in the murder trial for Kaitlin Armstrong, who’s accused of shooting and killing pro cyclist Anna Moriah “Mo” Wilson in May 2022. kxan
November 2, 2023
Brain tissue may be fuel for marathon runners
Marathon runners appear to rely on myelin, the fatty tissue bundled around nerve fibers, for energy during a race, scientists report October 10 in a paper posted at bioRxiv.org. In the day or two following a marathon, this tissue seems to dwindle drastically, brain scans of runners reveal. Two weeks...
November 1, 2023
Brooks Running Eyes Return to Double-Digit Growth In 2024
Brooks Running’s global revenue grew 5 percent in the first nine months of 2023, with North America revenue increasing 7 percent. The Seattle, WA-based running brand, owned by Berkshire Hathaway, reported it remains the leading running footwear brand across U.S. retail and forecasted a return to double-digit growth in 2024....
November 1, 2023
Day one of the Kaitlin Armstrong murder trial wraps up
The murder trial for Kaitlin Armstrong began Wednesday at 9 a.m. Armstrong is accused of shooting and killing up-and-coming professional cyclist Anna Moriah “Mo” Wilson in May 2022. Even though cameras are not allowed inside during testimony, KXAN’s Brianna Hollis will be inside the courtroom and will update this story...
November 1, 2023
How Brooks Plans to Achieve Double-Digit Growth in 2024 As the Running Market Heats Up
While other running brands such as Hoka and On have been generating big buzz, Brooks continues to show solid gains. As of the third quarter, Brooks’ global revenue grew 5 percent year-to-date, with North America revenues increasing 7 percent. Internationally, Brooks’ revenue increased 22 percent in France and the United...
