May 2, 2022

Former Tour de France winner Stephen Roche guilty of fraud

Roche has been ordered to repay $1.1 million after a Spanish court proved that he negligently bankrupted his Majorca firm, using its assets to pay for his own extravagant lifestyle. The civil court ruling determined that Roche used funds from his cycling tour company to pay for his own bills, as...

April 30, 2022

‘Nonbinary Runners Have Been Here the Whole Time’

In the past year, road races have debuted a nonbinary category, typically with around two dozen or fewer such competitors at each event. The nonbinary category in races has not drawn as much public controversy. Most nonbinary runners go unnoticed on race day, running alongside tens of thousands of other...

April 28, 2022

How Super Shoes are Upending Running’s Sponsorship Model

Last week’s Boston Marathon sparked yet another debate about shoe tech in professional running. This time, the question wasn’t whether super shoes were undermining cherished notions of competitive fairness, but whether pro runners are being forced to choose between getting the best possible sponsorship deal and maximizing their chances of...

April 27, 2022

Sam Long hit by car during St. George build up

American Ironman World Championship favorite Sam Long has been hit by a car while training for the upcoming Ironman World Championship race in St. George, Utah on May 7. Today he confirmed that despite the crash, he will be on the start line next week after the accident. Triathlon Canada

April 27, 2022

Workout Anytime Signs 20-Unit Deal to Bring New Clubs to 4 States

Workout Anytime, the 180-plus-unit leader in the fitness industry, has signed an agreement to bring 20 new locations to markets in Virginia, Pennsylvania, Georgia and Florida. This multi-unit development deal — which was signed in partnership with Phenomenal Gyms, LLC — comes as the fast-growing fitness franchise is outpacing its...

April 27, 2022

Garmin sees ‘normalization’ of cycling product sales

Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products. Consolidated revenue was $1.17 billion, a 9% increase year-over-year. Three other segments posted double-digit growth led by the outdoor segment ($385 million), which grew 50% year-over-year, and was boosted...

April 26, 2022

Brooks Projects Double-Digit Growth in 2022 After Crossing $1 Billion Mark Last Year

Brooks, which ended 2021 as a billion-dollar brand for the first time, is already seeing momentum bleed into 2022. The running company is projecting double-digit year-over-year growth in 2022, on top of last year’s $1.11 billion in global revenue, which represented a 31% surge over 2020. Footwear News

April 26, 2022

Wahoo acquires RGT Cycling, putting the hardware brand in competition with Zwift

Wahoo announced Tuesday the acquisition of RGT cycling, the virtual racing platform that hosted the 2022 USA Cycling national esports cycling championships. With the addition of a virtual racing platform to existing indoor cycling training software and hardware products, Wahoo looks to be taking on Zwift for indoor cycling. VeloNews

April 26, 2022

Shimano’s Sales Climb 14 Percent In First Quarter

Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment. Operating income in the quarter rose 16.8 percent in the quarter ended March 31 to ¥38,033 million ($298 mm). Sales improved 13.9 percent...

April 25, 2022

Core Health & Fitness Acquires Wexer

Core Health & Fitness LLC announced that it had acquired Wexer Holding, LLC, a specialty brand in digital health and fitness. Financial terms of the transaction weren’t disclosed. The deal will provide Wexer with the funding to scale its business through acquisitions to consolidate the digital fitness category and drive...