News Topics
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August 30, 2021
BAA Apologizes For Holding Marathon On Indigenous Peoples Day
The Boston Athletic Association has issued a formal apology for scheduling the 2021 Boston Marathon on Indigenous Peoples Day, which will be recognized in local communities including Brookline and Newton on Oct. 11. The BAA said it has met with representatives from the Federal and State Recognized Tribes to come...
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August 30, 2021
Peloton’s full-year revenues exceed $4 billion, but growth slows and losses mount
Peloton Interactive's fourth-quarter revenue grew 54% over last year's final quarter, to $937 million, as the company's fiscal year revenues topped $4 billion for the first time. However, although the quarterly sales total was ahead of estimates, the company lost $313 million in the quarter and the growth rate declined from...
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August 30, 2021
WHOOP Looks to Acquire Tech Companies After $200M Raise
Fitness wearable company WHOOP raised $200 million at a $3.6 billion valuation, roughly doubling its previous fundraising total and tripling its valuation from a round in October 2020. The Series F round, announced on Monday, was led by Softbank Vision Fund 2. FOS
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August 27, 2021
Tour of the Gila cancelled due to rising COVID-19 cases across New Mexico
Organizers of the Tour of the Gila announced the cancellation of their stage race that was scheduled to be held from September 29 to October 3 in New Mexico. The race will return next year from April 27 to May 1, 2022. Tour of the Gila would have been only the...
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August 26, 2021
Lululemon Raises Minimum Base Pay
Effective Sept. 27, 2021, lululemon will raise the minimum base pay for the majority of its store and Guest Education Centre) employees in North America. As part of the additional investments, people who are currently employed, and individuals who are hired from this point forward, will receive a new minimum...
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August 26, 2021
Earning Announcements
Peloton shares fall after cycle maker posts disappointing earnings and outlook, cuts Bike price More Athleta’s Q2 Comps Gain 13 Percent Year-Over-Year More
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August 26, 2021
FloSports secures London Marathon streaming rights in North America, Australia
United States-based subscription streaming platform FloSports has secured the media rights to the Virgin Money London Marathon in North America and Australia, starting this year. The iconic international race – which is scheduled to be held on Sunday, October 3 – will be exclusively streamed on the FloTrack vertical in the United...
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August 26, 2021
Chris Froome invests in Factor Bikes
Chris Froome has joined a consortium injecting capital into Factor Bikes and its parts and accessories subsidiary Black Inc, with plans for the four-time Tour de France winner to use his racing and product experience to help with product development and marketing. Cycling News
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August 26, 2021
Athleta parent company Gap acquires Berkeley startup that allows customers to try on fits virtually
Ahead of its second quarter earnings call Thursday, Gap Inc. announced it has acquired e-commerce startup Drapr, a recent Y Combinator alum that has built technology that lets customers try on clothing virtually to ensure a better fit from home. SF Business Times
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August 25, 2021
How Exercise May Help Keep Our Memory Sharp
Irisin, a hormone produced by muscles during exercise, can enter the brain and improve cognition, a mouse study suggests. NYT An intriguing new study shows how exercise may bolster brain health. The study was in mice, but it found that a hormone produced by muscles during exercise can cross into the brain...
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August 25, 2021
Dick’s Reports Huge Q2 Earnings
The retailer generated $3.27 billion in revenue in Q2 2021, a 20.7% increase compared to the same period a year prior. Dick’s surpassed Wall Street estimates of $2.85 billion in revenue. The quarter was driven by same-store sales, which increased 19.2% year-over-year. E-commerce sales decreased 28% compared to Q2 2020 following the...
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August 25, 2021
Got Grit? Answer ENVE’s Casting Call for All-Terrain Bike Reality Show
The ultimate all-terrain adventure bicycling reality show? That’s what ENVE’s got in mind, with help from a notorious influencer. When you need to produce a hit reality show, you swing for the fences. ENVE looks to have done just that, tapping crusty adventure bike influencer “Ronnie” Ronmance/Ultraromance for its new reality show....
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August 25, 2021
Czech Runner Dies From Falling During UTMB’s TDS Race In Chamonix
The Ultra-Trail du Mont-Blanc race organization reported that a male runner from the Czech Republic competing in the 145-km TDS race died after suffering a bad fall and serious injuries. The accident occurred at the 62.3 km mark on the on the descent of the Passeur de Pralognan, an 8,421-foot...
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August 24, 2021
Peloton Releasing New Treadmill, Linked to Rowing
Following the recall of its Tread and Tread+ treadmills over safety concerns, the company announced it will launch a revamped treadmill next week. At $2,495, the new Tread model is far less expensive than the original $4,300 version. The treadmill news comes amid signs that Peloton is moving into connected rowing. Last month, the company listed an...
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August 24, 2021
Rapha Teams Up With the San Antonio Spurs to Create a Cycling Apparel Collection
The San Antonio Spurs basketball team has just launched a cycling apparel collection for its fans in collaboration with Rapha. The collection features two styles of Rapha’s lightweight race kit: one with the Spurs team logo in the traditional silver and black color palette, and the other featuring a San Antonio logo and the...
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August 23, 2021
On Running Files for IPO
On Monday, the Swiss running brand that counts Roger Federer as an investor and ambassador, filed for a $100 million initial public offering with the U.S. Securities and Exchange Commission. Yahoo! News
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August 19, 2021
Study: Beer may be a better post-workout drink than we previously thought
A systematic review on beer consumption related to endurance sports was published in the International Journal of Sport Nutrition and Exercise Metabolism this July. Among the findings: Light beer could be a decent recovery aid post-exercise, even as good as water in some aspects. Men's Health
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August 19, 2021
How This New Trail Running Brand Is Making a Splash With Help From Vibram and Ciele Athletics
Norda is set on winning trail runners over with its innovative approach to footwear creation. And the emerging brand from Canada’s new collaboration could help get more eyes on the brand. FN
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August 19, 2021
Bay Area retail powerhouse Mike’s Bikes sold to Pon Group, the owner of Santa Cruz and Cervelo
Mike's Bikes, the 12-store Northern California chain, has been purchased by Pon, the Dutch parent of Santa Cruz, Cervelo, Gazelle, Focus, Urban Arrow, and other bike, mobility, and auto brands. Pon also acquired Public Bikes, a city bike brand that Mike's bought in 2017. BRAIN
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August 18, 2021
New Balance Renewed partnership gives apparel a second life
Sports footwear and apparel brand New Balance is working with The Renewal Workshop (TRW) to extend the life of its apparel and keep it out of landfills with New Balance Renewed. Just Style
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August 18, 2021
Gatorade Endurance Survey Finds ‘Safety Concerns’ As Primary Barrier For Minority Entry Into Endurance Sports
CHICAGO, Aug. 18, 2021 /PRNewswire/ -- Gatorade Endurance released results from a survey* designed to identify and understand the barriers minority athletes (specifically People of Color, Black, LGBTQ+ and Disabled) face when considering participation in endurance sports, and how to overcome these barriers. Among the key findings, safety concerns – i.e., getting injured, hate...
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August 18, 2021
US Bicycle Route System expands with 2,903 miles of new cycling trails
In total, 18 new bicycle routes have been added to the national system, which measures 2,903 miles spread across California, Indiana, Ohio, Utah and Washington. NY Post
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August 18, 2021
Lululemon Partners with Genomatica to Bring Bio-Nylon to Products
This represents lululemon’s first-ever equity investment in a sustainable materials company. The two companies will create a lower-impact, plant-based nylon to replace conventional nylon currently used to make lululemon products. SES lululemon athletica inc. (NASDAQ:LULU) today announced a multi-year collaboration with sustainable materials leader Genomatica to bring renewably-sourced, bio-based materials into lululemon’s products....
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August 17, 2021
Bank of America Chicago Marathon Requires Proof of Vaccination or Negative Test For 2021 Participants
Bank of America Chicago Marathon organizers released COVID-19 guidelines "to help create a safe racing environment for all 35,000registered participants." Registered participants of the 2021 Bank of America Chicago Marathon will be required to provide proof of a complete COVID-19 vaccination series or a negative COVID-19 test result to participate...
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August 17, 2021
Nike Strips Alberto Salazar’s Name From Building After SafeSport Coaching Ban
After the U.S. Center for SafeSport revoked his coaching eligibility, Nike said it was appropriate to rename the facility. Women's Running
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