May 6, 2021

Orbea to move US operations to Boulder

After nearly 15 years in Little Rock, Arkansas, Orbea is moving its U.S. offices and operations to Boulder this month. Orbea said Boulder's central location will help provide better dealer support and customer care, and the region offers a pool of talent. Bicycle Retailer

May 6, 2021

IOC and Pfizer strike vaccine deal for Tokyo 2020 athletes

The British Olympic Association has been handed a boost in its bid to vaccinate all its athletes and support staff prior to the start of the Olympic Games in Tokyo in less than 12 weeks’ time. Under a deal struck between the International Olympic Committee and pharmaceutical giant Pfizer, vaccines...

May 6, 2021

Peloton Sales Rise, But Treadmill Recall Looms

Peloton’s sales rose 141% in its fiscal Q3, bringing revenue to $1.26 billion as the pandemic-fueled at-home fitness boom continued into the early months of 2021. But Peloton anticipates $165 million in fiscal Q4 losses related to the recall of its two treadmills. Front Office Sports

May 5, 2021

Fitbit CEO James Park Shares His Health and Fitness Habits

At 44, tech heavyweight James Park took his body and his workout to the next level—10 minutes at a time. Men's Health

May 5, 2021

COVID-19: World’s oldest person pulls out of Tokyo 2020 Olympics torch relay over fears of spreading virus

Kane Tanaka, 118, was set to carry the torch in southern Japan but has withdrawn over safety concerns. Sky

May 5, 2021

Sports Illustrated’s Fittest 50 2021

Each year Sports Illustrated accepts the challenge and ranks the best-conditioned athletes in the world. See the list of athletes who made the cut below and read all about each of them on Sports Illustrated. Fittest Women: Maggie Steffens, Water Polo Sara Hall, Marathon Kyra Condie, Sport Climbing Kendall Coyne Schofield,...

May 5, 2021

Adidas launches Reebok auction, China row may dent Asian interest

Adidas has launched the sale of its Reebok brand in an auction which risks being affected by a political row over possible forced labour in China's western Xinjiang region. Adidas bought the U.S. fitness label for $3.8 billion in 2006 to help compete with arch-rival Nike, but its sluggish performance led...

May 5, 2021

Oura Brings In $100M in Funding

Oura Health announced Tuesday that it has raised $100 million in Series C funding, bringing the company’s total funds to $148.3 million. The wearable fitness manufacturer produces the Oura Ring, a sleep and activity tracker you can slide on your finger. More than 500,000 have been sold. Front Office News

May 5, 2021

Peloton’s Bad Day Explained: Recall of Tread and Security Leak Discovered

The company announced yesterday they’re recalling Tread/Tread+ treadmills, due to safety issues (which led to the death of one child). Additionally, a story ran on TechCrunch, which outlined how security researchers had stumbled into a bug that allowed some activity and profile details to be seen for private profiles. DC Rainmaker  

May 5, 2021

2021 Boston Marathon Cutoff Time Set at 7:47 Below Qualifying Time

In total, 23,824 applications were received by the Friday, April 23 registration deadline. A total of 14,609 athletes applied with a qualifying time equal to or faster than 7 minutes, 47 seconds under their respective qualifying standard or applied through the early registration period for consecutive runners. The B.A.A. was unable to accept 9,215 qualifiers...

May 4, 2021

ClassPass, Fitness Tech Firm MindBody Eye Merger, IPO

ClassPass and Mindbody, which provide technology to fitness companies worldwide, have been discussing a merger, Bloomberg reported, citing unnamed sources. ClassPass, works as a subscription-based business, allowing users to book workouts at fitness studios and other locations. In January 2020, ClassPass said its valuation was above $1 billion since it had gotten $285...

May 4, 2021

Under Armour Rallies in Q1

The company’s Q1 2021 earnings show a major bounce back from this time last year. Sales rose 35% year-over-year, bringing revenue to $1.26 billion. Online sales led the charge with 69% growth, and the company had an overall profit of $77.8 million. Front Office Sports

May 4, 2021

Zoomo raises $12 million to bolster ‘e-bikes for businesses’ model

The newest round of funding follows an $11 million Series A raise announced in August 2020, led by the CEFC. Cumulatively, Zoomo has raised $26 million in the past 24 months. Zoomo will use the funds to invest in the development and production of the brand’s next-generation vehicle offerings as well...

May 3, 2021

Fast growing running shoe company ON Running targets autumn IPO: sources

Shoe firm ON Running, backed by Swiss tennis star Roger Federer, is preparing for a U.S. stock market listing as early as this autumn in a deal valuing the firm at about $5 billion, people close to the matter said. Reuters

May 1, 2021

IRONMAN St. George: IRONMAN confirms death of participant during triathlon

A participant died during the first part of the IRONMAN St. George 70.3 course Saturday, just over an hour after the race had officially concluded. The assistant personnel overseeing the 1.3-mile swim course noticed the participant, whose name, age, gender of the athlete and other information were not disclosed, was...

April 30, 2021

Emerald Holding Sees Steep Q1 Revenue Drop

Emerald Holding Inc. reported revenues tumbled 87% as results continue to be negatively impacted by event cancellations due to the pandemic. Emerald is actively pursuing collection of the remaining unpaid amounts of filed insurance claims for its canceled and impacted 2020 events. To date, Emerald has submitted $167 million in...

April 30, 2021

British Cycling launch new research project into off-road e-Bikes

British Cycling has announced that it will be working with other cycling organisations and land managers to support a new, long-term research project into the use of off-road e-Bikes, including electric mountain bikes. The project is set to be undertaken by Edinburgh Napier University. The research will focus on current...

April 30, 2021

Peloton, Strava and TrainerRoad collect and share the most personal data, finds new cycling app study

Peloton, Strava and TrainerRoad have been found to be the most 'personal data-hungry' cycling apps, according a recent study by Supplement Timing. The study looked at over 100 of the most popular fitness and health apps available on the app store, releasing its findings to rank them according to which...

April 30, 2021

ESW May 14, 2021 Weekly News Report

AWARDS USA Triathlon, Elk Grove Village Present 4 Star Endurance With Entrepreneur/Business Plan of the Year Award ESW USA Triathlon Announces Winners of 2020 Multisport Awards Presented by Wahoo Fitness ESW BUSINESS USA Cycling releases details of Inclusion Conference ESW TSG Consumer Partners to Sell Stake in Nuun to Nestlé Health Science Businesswire Credit Union Cherry Blossom...

April 29, 2021

The Startup that Makes Fitness a Video Game

The gaming craze and at-home fitness come together in Ergatta’s rowing machine. The connected rowing company gamifies workouts, with its machine effectively acting as a controller, allowing people to race and compete on a screen as they work out. Front Office Sports

April 29, 2021

Shimano bike division rides ‘wave of COVID’ to 76% sales growth in Q1

Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%. Net sales for the quarter were 103,757 million yen ($952 million) in the bike division, and operating income was 27,730 million yen....

April 29, 2021

Tour of Utah to Return in 2022 with Medalist Sports

The Larry H. Miller Tour of Utah has entered into a licensing agreement with Medalist Sports to operate the professional cycling stage race and the Tour of Utah Ultimate Challenge, a non-competitive gran-fondo-style endurance event for amateur riders. Also, due to the Covid-19 pandemic, both events are postponed in 2021, with...

April 29, 2021

British Cycling joins social media boycott to protest online abuse towards athletes

Organisations from across the sporting world are banding together this weekend to fall silent on social media, to raise awareness of online racism and abuse directed towards professional sportspeople.  Cycling Weekly

April 28, 2021

Garmin’s Q1 Revenues Advance 25 Percent

Garmin Ltd. reported sales grew 25 percent in the first quarter ended March 27, led by gains of  38 percent in its Fitness segment, 46 percent in Outdoor and 28 percent in its Marine segment. Total revenue of $1.07 billion, a 25 percent increase over the prior-year quarter led by...

April 28, 2021

Athletes to be tested daily for COVID-19 at Tokyo 2020 Olympics and Paralympics

Organisers of the postponed Tokyo 2020 Olympics and Paralympics have confirmed all athletes will be tested for COVID-19 daily as part of coronavirus countermeasures set to be in operation at the Games. Inside the Games