News Topics
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November 15, 2021
Beachbody Q3 Revenues Decline 17 Percent
The Beachbody Company, Inc.'s sales declined 17% due to a drop in new health and wellness subscriptions. Total revenue was $208.1 million, a 17% decrease compared to 2020 and a 6% increase compared to 2019. Net loss was $39.9 million, compared to net income of $13.8 million in 2020 and...
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November 15, 2021
New Balances’ CEO Eyes Strong Bounce Back In 2021
At SFIA’s Trends & Insights conference, Joe Preston, New Balance’s CEO and president, said his company’s sales are on a path to climb “about 30 percent this year” and move past 2019 levels as it strongly recovers from the pandemic. The brand also continues to pack momentum in the future....
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November 12, 2021
Saucony Appoints Sr. VP
Saucony, a division of Wolverine Worldwide Inc., and global performance running and lifestyle brand, announced the appointment of industry veteran Brian Moore to senior vice president of global product. Moore began his athletic footwear career at Saucony 25 years ago where he served as vice president of product marketing and...
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November 11, 2021
Shanghai Marathon postponed indefinitely due to COVID-19
China is battling a fresh Delta-driven outbreak that has spread across the country and sparked tough new measures to stamp out the virus before the Beijing Winter Olympics in February. Organizers of the Beijing and Wuhan marathons both announced last month that those races were also postponed due to the...
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November 11, 2021
Richard Branson, 71, shows off gruesome injuries from ‘colossal cycling crash’ and reveals his helmet saved his life after his brakes failed during British Virgin Islands charity bike ride
Sir Richard Branson has suffered a 'colossal' bicycle crash after his brakes failed while taking part in an endurance charity race across the British Virgin Islands this week. The 71-year-old billionaire feared he had broken his back after colliding with another rider during day two of the Strive BVI event...
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November 10, 2021
World Triathlon and RaceRanger team-up on anti-drafting tech
World Triathlon has teamed up with RaceRanger, an electronic sensor system designed to improve fairness around the issue of drafting on the bike section of non-drafting triathlons, which make up approximately 85% of triathlon competitions globally. Endurance.Biz
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November 10, 2021
Adidas sees $1.2 billion sales hit as supply snags drag on
German sportswear company Adidas warned on Wednesday of a 1 billion euro ($1.2 billion) hit to sales from factory closures in COVID-hit Vietnam and supply chain bottlenecks that it expects to affect business into next year. Shares in the company fell more than 5% as it became the latest multinational to...
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November 10, 2021
Black Employees at Peloton Are Voicing Concerns Over Pay Disparity
Insider published an investigation detailing some Black employees' concerns over pay disparity at Peloton. The report, published on Nov. 3, was based on interviews with four Black current and former Peloton employees speaking under the condition of anonymity, as well as Insider's access to inside communications (screenshots of Slack conversations,...
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November 9, 2021
Peloton Introduces Peloton Guide, First Connected Strength Product
NEW YORK, Nov. 9, 2021 -- Peloton (NASDAQ: PTON) today announced its first connected strength product, Peloton Guide. The AI-enabled device easily connects to televisions, providing Members instant access to a suite of expert Instructors and the well-loved Peloton content library. Peloton Guide is Peloton's most accessibly-priced hardware product yet and will include the new Peloton...
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November 9, 2021
Teen Driver Who Hit Cyclists While ‘Rolling Coal’ On Them Faces Felony Charges In Texas
Waller County, Texas, officials announced felony charges on Monday against a 16-year-old pickup driver accused of crashing into a group of cyclists while trying to blow exhaust on them. The collision sent four bicyclists to the hospital. HuffPost
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