News Topics
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June 14, 2022
Athletic Footwear Sales Have Declined — and the Market Is About to Get Promotional
Athletic footwear sales declined to start the year, and promotions could define the back half of 2022. For the first three months of 2022, athletic footwear sales totaled $6.09 billion, according to The NPD Group retail tracking service, down $546 million from the $6.65 billion mark the year prior. FN
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June 13, 2022
Adidas Sues Nike Over Alleged Infringement On Certain Technologies
Adidas is accusing Nike of copying some of its technologies, according to a lawsuit filed last week. In a complaint filed in a Texas District Court on June 10, Adidas claimed that Nike “knowingly and intentionally” infringed on nine patents related to Adidas’ proprietary athletic technology. Yahoo
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June 12, 2022
Mountain Biker Dies on Palisade Plunge Trail After Running out of Water
The Mesa County Sheriff’s office reports that a 52-year-old mountain biker died on the Palisade Plunge trail on Saturday after suffering a “heat-related illness.” A release says the man, from Colorado Springs, was riding alone and ran out of water. Single Tracks
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June 10, 2022
Mike’s Bikes buys four Elevation Cycles stores in Colorado
Mike’s Bikes, the California retailer acquired by Pon.Bike last August, has bought the four-store Elevation Cycles chain in the Denver area. Elevation Cycles, founded in 2012, has long been closely associated with Trek. A former Trek employee and his partners founded the chain in 2012 with the help of Trek....
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June 9, 2022
New Balance is suing Steve Madden over its 327 sneaker imitation
New Balance is taking Steve Madden to court. A complaint filed Tuesday to the U.S. District Court of Massachusetts claims Madden’s Chasen model sneaker from 2020 is a “deliberate knock-off intended to free-ride off the popularity of New Balance’s 327.” Input
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June 9, 2022
Here’s why your smart watch isn’t great at prediciting calories burned during a workout
If you are among the majority of Americans who are overweight or just looking to stay fit, you may be counting calories (kcals) in the foods you eat and tracking the number of kcals you burn during exercise. There are several options available for tracking kcals during exercise. High-tech devices...
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June 8, 2022
Strava expands gravel riding support with trail route recommendations
With trail sports outpacing the growth of road riding and running, social fitness tracking platform Strava has added new trail activity types including gravel riding and has developed its off-road specific routing features to help riders go exploring on their next adventure. CW
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June 8, 2022
U.S. Ports Remain Near Record Volume as Retailers Continue to Grapple With Inventory Challenges
U.S. ports are expected to remain “near record volume,” according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and consulting firm Hackett Associates. The NRF said on Wednesday that the increase in volume is attributed to retailers working to meet “still-strong consumer demand”...
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June 8, 2022
Nike is shutting down its Run Club app in China
Nike is deactivating its Run Club app in China, becoming the latest Western company to reconfigure its business in the world's second largest economy. In a statement to CNN Business, a Nike (NKE) spokesperson said that it would roll out a "localized" platform for Chinese runners in future, and continue...
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June 8, 2022
Porsche buys out eBike OEM Fazua
Porsche has announced that it has exercised the option to fully acquire the Fazua business, having earlier taken a 20% stake with the option to fully acquire the eBike systems maker. Cycling Industry