News Topics
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May 18, 2022
Consumer spend in U.S. bike market flattens, but remains strong
Data released by the Bureau of Economic Analysis has revealed the U.S. bike market to be experiencing a post spike lull in spending on bicycle goods, though interest remains above pre-pandemic levels. The inflation-adjusted data put American expenditure on bicycles and accessories in 2020 at $7 billion, up by a...
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May 17, 2022
Vancouver run specialty store to launch run NFTs
An independent run specialty retailer out of Vancouver is taking an unusual approach to reconnecting runners to the sport they love; it’s creating running NFTs (non-fungible tokens). Canadian Running Magazine
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May 17, 2022
On Hikes Guidance On Robust First Quarter
On, the Swiss running brand, raised its outlook for sales and earnings for the current year after reporting first-quarter results that easily topped Wall Street estimates. Net sales vaulted 67.9 percent in Q1 2022 and sales are now expected to grow at least 44 percent in 2022. SGBMedia
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May 17, 2022
Girmay taken to hospital after capturing historic victory at the Giro d’Italia
Biniam Girmay captured an historic victory at the Giro d'Italia as the first Black African rider to win a stage at a Grand Tour on Tuesday in Jesi. However, the celebrations abruptly ended after he injured his eye on the podium. Cyclingnews
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May 16, 2022
US gravel star Moriah Wilson killed in Texas
Moriah Wilson, known as 'Mo' Wilson, was murdered on Wednesday evening in a shooting in Austin, Texas, where she was staying in preparation for Gravel Locos on Saturday morning. Cycling News
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May 16, 2022
Peloton, NordicTrack maker iFit settle all litigation
Peloton Interactive Inc (PTON.O) and NordicTrack maker iFit said they have settled all pending litigation between them, where the fitness equipment makers accused each other of infringing their respective patents. Reuters
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May 14, 2022
Adidas & Other Companies Accused of $109 Million Worth of Wage Theft in Cambodia
Adidas is refuting claims that it stole millions of dollars worth of wages from garment workers. The Clean Clothes Campaign, an activist group that advocates for workers, said in a recent blog post that Adidas and other brands had collectively failed to pay Cambodian garment workers an estimated $109 million in wages...
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May 13, 2022
Peloton Announces Rower Hardware, New Upcoming Features Outlined
Peloton kicked off their annual ‘Homecoming’ weekend event, starting with a keynote of upcoming plans from their new CEO as well as existing Peloton instructors. This 21-minute-long keynote highlighted a slew of milestones over the past year, but also covered new upcoming features. And also this was the first time...
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May 13, 2022
The Trail Ultra Project: Have Your Say in the Story of North American and British Off-Road Endurance Running
The off-road running communities of Britain and North America might be separated by thousands of miles, many time zones, and the great Atlantic Ocean, but they share a lot of common ground. The recently launched Trail Ultra Project aims to provide a comprehensive account of the rapidly growing sports of...
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May 12, 2022
Giant Group’s first-quarter revenue up 8%
Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year. However, the company said rising material costs, labor and logistics squeezed the company’s gross margin and operating profit. A higher mix of OEM work also contributed to a lower margin of...
