News Topics
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September 15, 2022
Running brand On creates shoe made from carbon emissions
Swiss company On has created the first shoe using carbon emissions as a raw material in its foam. The Cloudprime shoe - which uses CleanCloud EVA foam in the midsole - was made in partnership with LanzaTech, Borealis and Technip Energies to create a “supply chain coalition.” RetailDive
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September 14, 2022
British cycling team suing bike sponsor Lapierre for over £100,000
British continental team Saint Piran are suing bike brand Lapierre’s UK representative, Raleigh, after they claim they were sent unsafe equipment with the team looking to recover costs of around £100,000... however in a confusing twist one of the team's sponsors, Tribute Cornish Pale Ale, is currently running a giveaway...
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September 14, 2022
Hydrow Announces Settlement of Patent and Trade Dress Infringement Lawsuit Against iFIT
In February 2022, Hydrow filed a design patent and trade dress infringement action against iFIT and its NordicTrack RW700 and RW900 rowers. As a part of the settlement, iFIT agreed to redesign certain aspects of the rowers named in the lawsuit. The remaining terms of the settlement agreement are confidential....
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September 14, 2022
Can a State-Funded Pro Running Team Work? Jared Ward & Isaac Wood Are Hoping the Answer is Yes
When it comes to distance talent, Utah is a state that punches above its weight. Starting with Clayton Young‘s win in the NCAA 10,000 meters in June 2019, five native Utahns have combined to win eight NCAA individual distance titles in a little over three years, all for BYU — Young,...
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September 14, 2022
London Marathon follows Boston in adding non-binary category
Five of the six largest marathons in the world will soon allow runners to compete without registering as men or women. The London Marathon changed its policy on Wednesday. Inside The Games
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September 14, 2022
Emerald Receives Final Proceeds Relating to Insurance Litigation Settlement
Emerald Holding, Inc. (NYSE: EEX) ("Emerald" or the "Company") today announced that it has received proceeds totaling $149.25 million related to its previously announced insurance litigation settlement for canceled events under the Company’s 2020 and 2021 event cancellation insurance policies. Of the $149.25 million, $148.54 million is expected to be...
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September 14, 2022
Winnebago Partners with Ironman Triathlete Champ Sanders
Winnebago, the flagship brand in outdoor lifestyle product manufacturer Winnebago Industries, Inc., announced today its partnership with Ironman triathlete champion Lionel Sanders. As part of the partnership, Sanders will use a Winnebago Revel as a homebase for training and relaxing in between competitions. RV Business
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September 13, 2022
BAA launches inaugural Boston Marathon medical research funding program
The program will provide researchers with a one-time itemized budget of up to $25,000 to complete the proposed work. The BAA said it may also choose multiple proposals at lower amounts to support depending on the total number of submissions received. The BAA said proposals for field studies aimed at...
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September 13, 2022
Giant Houses, Private Chefs, and Pro Connections: Inside the Amateurpros of the Zwift Academy
Free gear, training camps, and an "idealized pro experience" - but for age-group triathletes. What exactly comes with a slot in the Zwift Academy, and how does the whole deal work? Triathlete
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September 13, 2022
Athlete Training App Kollektiv Raises $1.5 Million in Pre-Seed Funding, Company Co-Founded by Olympic Triathlete Helle Frederiksen
Kollektiv, an athlete training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised about $1.5 million (11m Danish Krone) in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Sporttechie
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September 13, 2022
Peloton’s new bike rental program is officially live
Earlier this year, the program was offered to a testing pool of a select few states. Rentals were available through some of Peloton's in-person showrooms in Texas, Florida, Minnesota, and Colorado, among a few other locations. The brand is now diving head-first into the rental market by expanding across the...
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September 13, 2022
Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup
Co-founder and former CEO John Foley resigned from his position as executive chairman of the board effective Monday. Fellow co-founder Hisao Kushi will leave his post as the company’s chief legal officer Oct. 3, while Kevin Cornils, chief commercial officer, who has been with the company since 2018, will leave...
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September 13, 2022
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year. Thule noted that it communicated in its half-year report on July 21 that the general market in bike retail, at the time,...
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September 13, 2022
Amynta Group Acquires iFIT Health & Fitness Extended Warranty Operations
AmyntaGroup, an insurance services provider, has acquired the extended warranty operations of iFIT Health & Fitness, Inc., operated through its wholly-owned subsidiary, Universal Technical Services (UTS). As part of the transaction, Amynta has entered into a long-term strategic partnership with iFIT to deliver a full-service platform of extended warranty protection...
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September 12, 2022
InsideTracker Raises $15 Million Series B Round Led by PeakBridge
InsideTracker, which applies machine learning algorithms to wellness data and biomarkers, has raised a $15 million Series B round led by PeakBridge. Returning investor BASF Venture Capital GmbH joined the round, as did Cornucopian Capital and OurCrowd. Sporttechie
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September 12, 2022
Tonal to Raise $100M at $1.9B Valuation
Home gym-maker Tonal is looking to raise $100 million in financing in a deal that would value the company at $1.9 billion, according to Bloomberg. The potential funding round for Tonal — backed by a star-studded group of investors including Serena Williams, LeBron James, Mike Tyson, Drew Brees, and others...
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September 12, 2022
Boston Marathon includes nonbinary qualifying times as it opens registration
Boston, one of the most competitive races in the world, is adding new rules for runners within its newly created nonbinary division, which could be a significant step toward more local races creating thorough policies. The new times allow nonbinary runners to orient their training around the times needed to...
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September 9, 2022
Oofos Receives Investment From Derek Carr
Las Vegas Raiders Quarterback, Derek Carr, has invested in the recovery footwear maker Oofos as part of a multi-year partnership that also sees Carr as a brand ambassador. SGB
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September 8, 2022
Boston Marathon principal sponsor John Hancock not renewing deal after 2023
Insurance firm John Hancock has confirmed it will not be renewing its principal sponsorship agreement with the Boston Athletic Association (BAA) for the Boston Marathon. The Boston-based company has been an official partner of the race since 1986, with the 37-year-old deal now set to expire after the 2023 marathon....
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September 7, 2022
Here is the New Apple Watch Ultra – Built for Athletes and Adventurers
Apple announced their new Apple Watch Series 8 but they also unveiled the Apple Watch Ultra. Here is a look at some of these features that set it way above the regular Apple Watch to go after Garmin and COROS. RWM
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September 7, 2022
Meta shows a very Zwift-like cycling metaverse concept
If you’ve ever wondered if (or when) Zwift will finally jump into the metaverse to create a truly immersive 360°cycling experience, well, you’re not alone. But Meta (the artist formerly known as Facebook) might just beat them (or drag them into it). Bike Rumor
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September 6, 2022
73-year-old cyclist caught for motor doping in France
A 73-year-old cyclist has admitted to motor doping at the 12th edition of the hill climb time trial event, the Col du Benas, in France. It didn’t take long for the organizers to realize something was up when they noticed the rider had finished in 16th up the tough ascent,...
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September 6, 2022
Snapchat teases new augmented-reality running glasses
Snapchat has released a video teasing a few new updates on their augmented-reality (AR) glasses called “Spectacles,” with images and a video of users wearing the glasses on the track and while running. According to tech website UploadVR, these glasses will allow you to see and train with virtual training...
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September 2, 2022
USA Triathlon Has Its Eyes on Rowing
For the next three years, coaches from USA Triathlon and Hydrow will be studying the effects of rowing on a triathlete’s training in an immersive, extensive research pilot called the Hydrow Transformation Program. Team USA
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September 1, 2022
Lululemon Shares Soar After Earnings and Revenue Beat in Q2
The Vancouver, British Columbia-based athleisure brand Lululemon reported that second quarter net revenues increased 29% to $1.9 billion versus an expected $1.77 billion. In North America, revenues increased 28%. Adjusted diluted earnings per share were $2.20 compared to $1.86 expected. Same store sales were up 23%. FN