News Topics
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March 21, 2022
Nike Gets Needed Boost from Earnings Beat
Nike saw modest sales growth in its fiscal third quarter as it continues its push toward direct-to-consumer sales. The Swoosh notched $10.9 billion in revenue, up 5% year-over-year (8% on a currency-neutral basis) in the quarter ending Feb. 28. Front Office Sports
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March 21, 2022
Athleisure Brand Balance Athletica Changes Its Name After New Balance Lawsuit
Balance Athletica, a Denver-based athleisure brand, has officially changed its name following a trademark infringement lawsuit filed by New Balance. In the lawsuit filed in Nov. 2020 in the U.S. District Court of Massachusetts, New Balance alleged that Balance Athletica was using a “confusingly similar mark to sell the same...
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March 21, 2022
Zwift’s push into competitive cycling could change esports
The championship races are part of Zwift’s steady climb into the canon of serious cycling. Esports, from traditional video games like Fortnite to the more physically demanding Zwift, have found eager audiences that are growing in size. Morning Brew
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March 18, 2022
On Reports 70.4% Increase In Full-Year Net Sales
The sustainable footwear and activewear company saw positive results globally. In Q4, net sales in North America jumped 100.1% to roughly $142.7 million, and 96.8% to around $438 million for the full year. Net sales in Asia-Pacific jumped 35% to roughly $11.3 million during the quarter, while full-year net sales for the...
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March 18, 2022
Equity crowdfunding a new twist for bike startups
Equity crowdfunding was established in 2012, when the Obama Administration enacted the Jumpstart Our Business Startups (JOBS) Act. At first, only accredited investors could participate. Five years later, another addition to the JOBS Act opened up the industry to the general public, not just high-net-worth individuals. Bicycle Retailer
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March 16, 2022
Strava turns back on third-party syncing after public outcry
Strava has turned back on syncing to Apple Health from third-party applications – such as Garmin and Zwift – following an uproar from the cycling community. In a recent update, Strava had removed that functionality, meaning only activities recorded natively on the Strava app would sync with Apple Health. Activities...
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March 16, 2022
What does your running shoe wear pattern tell you?
Your running shoes can tell a pretty good story of your running gait and how and where your body makes an impact with the ground. And your gait can tell you the areas of your body you need to work on to strengthen your stride. When buying a new pair...
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March 16, 2022
Specialized founder Mike Sinyard steps down from CEO role
After 48 years at the helm of Specialized, founder Mike Sinyard has appointed former Dyson executive Scott Maguire as the new CEO. As Founder, Chairman and Chief Rider Advocate, Sinyard will remain the brand's 'visionary leader' but the responsibility of running the business will now fall on Maguire. Cycling Weekly
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March 14, 2022
F45 Training’s Sales Grew 63 Percent In 2021
F45 Training Holdings Inc. reported sales grew 242 percent in the fourth quarter and 63 percent in the fiscal year ended December 31. Total revenue increased $51.7 million, or 63 percent, to $134.0 million from $82.3 million as compared to the prior year. SGB Media
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March 14, 2022
Strava Abruptly Ends 3rd Party Data Sync to Apple Health
It’s been a few years since Strava has managed to irk the Internet, but over the last few days, they’ve unleashed a torrent of upset Apple users. If you’re an Android user, then this post probably won’t mean much to you. Instead, you can go look at old travel posts...
