News Topics
-
August 25, 2022
L39ION and Best Buddies riders suspended for remainder of season for post-race brawl
In July, a physical fight broke out at the American Criterium Cup race in Salt Lake City between Best Buddies riders Michael Hernandez and Robert Sierra and L39ion's frontman Justin Williams. The riders received fines and a 72-hour suspension on the spot, while USA Cycling launched an investigation into the...
-
August 24, 2022
Is the Great Bicycle Shortage Coming to an End, or Just Getting Started?
Depending on where you live and the types of shops around you, finding the perfect bike can still be a difficult task, even if conditions are improving. The bicycle market, in particular, was acutely impacted by shortages early in the pandemic. With people slowly getting ack to normal life, the...
-
August 24, 2022
Mountain bike rider Rab Wardell dies aged 37, days after winning Scottish title
Scottish Cycling confirmed on Tuesday evening that 37 year old Wardell died in his sleep of a cardiac arrest. Wardell won the elite men’s title at Kirroughtree Forest in Dumfries & Galloway on Sunday, overcoming several punctures to win on the final lap. His victory was described as a “show of...
-
August 24, 2022
4 reasons fall is the best time to race
Every fall, it’s rarely too warm or too cold, there’s a fresh feeling and smell to the air, and you can’t beat the fall colours. So if you don’t have a fall race on your calendar yet, now is the perfect time to sign up and start training so you...
-
August 24, 2022
Peloton expanding distribution to Amazon
Peloton will expand the distribution of its bike, Guide, and selected accessories and apparel to Amazon's U.S. stores. Bike delivery will be available to most in the U.S. Products and accessories previously were sold exclusively through the brand's e-commerce sites, inside sales channels, and global showroom. Customers can search for...
-
August 23, 2022
Runner dies at Ultra-Trail du Mont-Blanc’s PTL event
A Brazilian runner competing on a team at the Ultra-Trail du Mont-Blanc’s PTL (Petite Trotte à Léon) event has tragically died in a fall, UTMB officials confirmed Tuesday. In a statement released by the UTMB organization, officials said they were made aware at 1:30 a.m. C.E.T. of a runner being...
-
August 23, 2022
Dick’s Sporting Goods boosts 2022 outlook after second-quarter earnings top estimates
Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting goods retailer said it now expects comparable store sales for 2022 to decline between 6% to 2%. It had previously forecast the figure to be down...
-
August 23, 2022
Usain Bolt Files Trademark for Victory Pose
Usain Bolt has just filed a trademark for his signature victory pose. The pose in question was first made known to the masses during his record-breaking run at the 2008 Olympics in Beijing. Yahoo Life
-
August 22, 2022
Adidas Initiates CEO Transition
Adidas AG’s Supervisory Board announced that it has initiated a CEO transition. Kasper Rorsted, CEO of Adidas, and the Supervisory Board have mutually agreed upon that Rorsted will hand over the CEO position during the course of 2023. The search for a successor has started. SGB Media
-
August 19, 2022
Olympic Mountain Bike Silver Medalist Tests Positive for Doping
Swiss anti-doping officials provisionally suspended Mathias Flückiger after the successful cyclist tested positive for a cattle growth hormone substance called Zeranol. Flückiger’s suspension comes just ahead of the UCI European MTB World Championships. It results from a test sample collected on June 5. Gear Junkie
-
August 19, 2022
Endurance sports make a life-changing update for nonbinary athletes
The origins of the movement by endurance race organizations to add a nonbinary category is uncertain, but for Life Time, it started with a conversation in early 2020, just before the pandemic hit. The event producer didn’t make an official announcement about the new race division but simply worked it...
-
August 19, 2022
Mancini sentencing delayed to November
Cycling industry investor Samuel Mancini, who was originally scheduled to be sentenced Aug. 17 after pleading guilty to one count of securities fraud, will now be sentenced on Nov. 17. Mancini was the director of a Denver-based fund that planned to invest in several well-known Italian cycling brands. He was...
-
August 18, 2022
Leadville was an unassuming, old mining town — until COVID brought the deep-pocketed tourists
The influx of newcomers to Leadville has infused the city and county with new tax dollars, but created a housing crisis and worker shortage. The Colorado Sun
-
August 18, 2022
Nike And Adidas Settle Flyknit Infringement Lawsuit
Nike filed paperwork with the U.S. District Court in Portland, OR, to settle its patent infringement lawsuit against Adidas over the alleged use of Nike’s knitted footwear technology. Nike charged Adidas had stolen its “game-changing” Flyknit technology to craft one-piece knitted uppers for sneakers that use fewer materials and generate...
-
August 18, 2022
PushPress Secures $11 Million in Series A Funding Led by Altos Ventures
PushPress, Inc., a trailblazing fitness studio management software company, announced it has successfully raised $11 million in Series A funding led by Altos Ventures, with participation from Mucker Capital. Founded in 2013, PushPress is on a mission to make gym management the easiest part of running a fitness business through...
-
August 16, 2022
Focusing on diversity and inclusion, gravel bike racing welcomes all to this sport
Gravel racing, known to embrace all, regardless of race, gender, weight or age, is steadily becoming the most welcoming sport. npr
-
August 16, 2022
SKion takes 20% stake in battery manufacturer BMZ
Investment company SKion GmbH has announced that it has taken a 20% stake in battery manufacturer and supplier to the bike industry BMZ. For SKion the investment is aligned to the investment targets related to renewable energy, plus circular economy. BMZ puts cells through a second life upon reclamation and has...
-
August 14, 2022
Owners sells American Cycle & Fitness to Trek Bicycle
Co-owner Michael Reuter and Kenny Stonehouse are selling their eight-store retail chain, American Cycle & Fitness, to Trek Bicycle. The transition will be complete by mid-October and Trek reps are already present and planning for the future with the staff. Bicycle Retailer
-
August 14, 2022
‘Ultramarathon man’ Dean Karnazes attacked by coyote during 150-mile race
Acclaimed ultrarunner and author Dean Karnazes can boast some of the wildest accomplishments in endurance sports, but a coyote attack mid-race was a first for him. Karnazes was running Headlands 150-mile Endurance Run, a race held in Sausalito, Cali. Canadian Running Magazine
-
August 14, 2022
Xponential Fitness Generates $60M in Q2 Revenue
Xponential Fitness - the largest boutique fitness franchiser in the U.S. with 2,357 studios - generated $59.6 million in revenue in Q2 — a 66% increase year-over-year. Net income reached $31.5 million in Q2, compared to a net loss of $8 million. The company sold 251 franchise licenses and opened...
-
August 13, 2022
SoulCycle to hit brakes on nearly 25% of its locations
The once-hot exercise chain is closing 20 of its 82 studio locations nationwide within the next few weeks. The privately-run company, owned by Equinox Group, will shutter four New York City locations – in Midtown, Soho, West 92nd St. and Park Slope, Brooklyn — along with a Hamptons outpost in Water...
-
August 12, 2022
Peloton to cut nearly 800 jobs, raise prices amid declining sales
Peloton will embark on a sweeping overhaul that includes cutting nearly 800 jobs, raising prices for its Bike Plus and Tread machines, and outsourcing functions such as equipment deliveries and customer service to outside companies. The changes, which the company disclosed Friday in a memo to employees, also includes gradually...
-
August 12, 2022
Peloton must face lawsuit claiming it misled over “ever-growing” classes, judge rules
The class-action lawsuit was filed on behalf of customers who were angered by the company's decision to cut its number of exercise classes while continuing to market its service as offering an "ever-growing" library of classes. The lawsuit was filed in 2019 by the National Music Publishers Association over its alleged...
-
August 12, 2022
Why Nike Is Closing Offices Around the World Next Week
Nike is again closing its global offices next week to encourage employee well-being, a move the company first announced in May. To encourage employees to enjoy some R&R and sunshine with their families, the global offices will be closed for Well-Being Week, so teammates could unplug — without worrying about...
-
August 12, 2022
Cadence Performance acquires Evernden Cycles, soon to be a Giant brand store
Cadence Performance has announced the acquisition of Evernden Cycles in Kent, taking the firm’s retail portfolio to six branches. With Evernden Cycles’ owner retiring, the third-generation family business passes the torch after more than 70 years trading. Trading as Cadence initially, the store will transition to a Giant Brand Store by...