News Topics
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July 6, 2022
Peloton sweetens employee pay incentives as it fights to boost morale and stage a turnaround
Peloton sweetened incentives for its workers with one-time cash bonuses and changes to its stock compensation plan as it fights to hold onto employees and fix its struggling business, according to internal memos seen by CNBC. The changes come a little more than five months into Barry McCarthy, a former...
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July 5, 2022
LeMond Bicycles Names New CEO
LeMond Bicycles appointed Rick Adams as CEO. He replaces Dean Hendrickson, who will transition to CEO of LeMond Carbon. Adams joins Lemond Bicycles following 11 years at the United States Olympic & Paralympic Committee, most recently as chief of sport performance. Adams joined the USOPC after a 15-year career in professional sports,...
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July 5, 2022
Lululemon Sets Sights on Spain as It Continues to Expand Internationally
Lululemon is moving into Spain, its first new market in Europe since 2019. According to the Canadian athletic company, it plans to open two new stores in the country as well as a local e-commerce site as part of its “Power of Three ×2” growth plan, which includes a quadrupling...
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July 1, 2022
Platform Media launch Stelvio magazine and digital platform
A new print and digital offering for the road cycling market has launched under the Stelvio banner, as fronted by cycling journalist and author, Jeremy Whittle. The first issue landed earlier this month, delivering 132-pages with an emphasis on the 2022 Tour de France that just kicked off. Published by...
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July 1, 2022
Too much inventory and debt forcing owners of Saris Cycling Group to sell the company
Saris Cycling Group has filed an alternative to bankruptcy that consolidates its debt, keeps its 132 employees in place but which will likely lead to the sale of the company in the next two months, according to Michael S. Polsky, a Milwaukee lawyer, who is acting as the court-appointed receiver...
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July 1, 2022
Passport of Kaitlin Armstrong’s Sister Found at Costa Rica Lodge After Fugitive Yoga Teacher’s Arrest: Witness
U.S. Marshals previously said that Kailtin Armstrong used someone else's passport in order to enter Costa Rica, where she was arrested after multiple weeks on the run. Armstrong is suspected of killing professional cyclist Moriah Wilson. Inside Edition
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June 30, 2022
CLIF Bar Enters the Pet Market with CLIF PET
CLIF Bar & Company this week released its newest product, CLIF PET dog treats, the brand’s first line of snacks not made for humans. The three flavors of CLIF PET Plant Based Jerky dog treats can be found in Petco locations nationally, and on CLIF Bar’s website. Outside Business Journal
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June 30, 2022
New Balance Has a Pair of Foam Clogs Dropping Soon
According to the brand, the New Balance Clog is constructed of an integrated EVA foam that’s water-resistant while the large holes on the upper and sides of the silhouette provide ventilation. New Balance branding appears on the heel counter along with a larger ‘N’ logo appearing on the midfoot. FN
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June 30, 2022
Kaitlin Armstrong, wanted for murder of Moriah Wilson, apprehended in Costa Rica
Kaitlin Armstrong, the Texas woman wanted in the shooting death of Moriah Wilson, is now in police custody. U.S. Marshals officials confirmed to VeloNews that Armstrong was apprehended by authorities in Costa Rica overnight. Velo News
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June 30, 2022
Saris Cycling Group to be sold as Covid whiplash effect mirrors Peloton
The Saris Cycling Group is set to restructure its business having suffered a similar spike and dive in demand to that which is widely reported to have caused Peloton problems. Peloton is likewise now rumoured for sale. The indoor trainer market was at the front of the pack when sales...
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