News Topics
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August 9, 2021
Planet Fitness Sees Q2 Sales Climb 241 Percent
Total revenue increased from the prior-year period by 241.1 percent to $137.3 million. The fitness chain also said it added 700,000 net new members since the end of its first quarter, marking six consecutive months of net membership growth. SGBMedia
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August 9, 2021
Brooks Running Revenue Grew 75% in Q2 as It Continues to Steal Share in Women’s From Nike and Adidas
The running shoe brand, which is a subsidiary of Berkshire Hathaway Inc., reported that its global revenue rose 75% in Q2 of 2021 compared to 2020. Overall, revenues for Berkshire Hathaway’s consumer units, which include its apparel and footwear operations such as Brooks, increased about $1.5 billion, or 68%, in Q2. FN
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August 8, 2021
2020 Tokyo Olympics medal count: USA tops China in gold, silver, bronze and overall medal totals
The U.S. led the way at the 2020 Games with China, Japan, Great Britain and the Russian Olympic Committee rounding out the top 5. Overall, 339 medals were handed out across 33 sports and Team USA was the big winner collecting one third of all of the medals that were...
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August 7, 2021
Garmin Adds New ‘Adventure Race’ Activity Profile: An Explainer
While scanning through the list of beta firmware updates posted this week, a new ‘Adventure Race’ activity profile designed for races that prohibit GPS navigation during the race. This means that some races require competitors to do their own orienteering, old-school style with maps and compass, rather than depend on...
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August 6, 2021
Dorel Sports’ Q2 Revenues Climb 11 Percent
Dorel Industries reported its Dorel Sports brands, which include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse, posted its ninth consecutive quarter of revenue growth. Revenue in the segment was US$317.3 million, an increase of US$31.7 million, or 11.1% from last year. Six-month revenue increased to US$587.7 million, up US$113.8 million,...
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August 6, 2021
Pedego’s $121 million progress is a classic e-Bike biz story
Pedego has this week revaeled that in the past 12 months the business has turned $121 million in retail sales, illustrating that a shift in the demographics buying is accelerating the pace of e-Bike adoption. Cycling Industry News
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August 5, 2021
Levi Strauss & Co. to Acquire Activewear Brand Beyond Yoga
The acquisition will bring the athletic and lifestyle apparel brand Beyond Yoga brand to more consumers through direct-to-consumer expansion, including brick-and-mortar retail, gender and category growth, and further develop its wholesale footprint with premium partners. With this transaction, LS&Co. enters the activewear category. Businesswire
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August 5, 2021
Adidas Revenue Up 51% in Q2
Adidas released second-quarter earnings Thursday, and sales are strong everywhere except China. Quarterly revenue was up 51% year-over-year to $6 billion. Net income hit $470 million, a sharp pivot from the net loss of $349 million during the same quarter last year. It expects sales to increase by up to...
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August 4, 2021
Concerns over pollution and hot weather add another challenge to marathon swimming
The Tokyo Olympics’ open-water competition and swimming portion of the triathlon at the Odaiba Marine Park comes after persistent controversy over high water temperatures and pollution raised safety concerns among some athletes and coaches. Los Angeles Times
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August 4, 2021
The Making of an Olympian
A new study of the athletic backgrounds of thousands of successful athletes finds that most world champions sample one sport after another as children and gain mastery in their chosen activities considerably later than other, more focused young athletes whom they eventually go on to defeat. NY Times