News Topics
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August 10, 2021
NBC’s Lowest Olympic Ratings Ever
The network saw its lowest ratings ever for the Summer Games since acquiring broadcasting rights in 1988, bringing in an average of 15.5 million prime-time viewers — a 42% decrease from the 26.7 million viewers during the 2016 Rio Games, and an even bigger fall from the 31.1 million who watched the...
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August 9, 2021
Planet Fitness Sees Q2 Sales Climb 241 Percent
Total revenue increased from the prior-year period by 241.1 percent to $137.3 million. The fitness chain also said it added 700,000 net new members since the end of its first quarter, marking six consecutive months of net membership growth. SGBMedia
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August 9, 2021
Brooks Running Revenue Grew 75% in Q2 as It Continues to Steal Share in Women’s From Nike and Adidas
The running shoe brand, which is a subsidiary of Berkshire Hathaway Inc., reported that its global revenue rose 75% in Q2 of 2021 compared to 2020. Overall, revenues for Berkshire Hathaway’s consumer units, which include its apparel and footwear operations such as Brooks, increased about $1.5 billion, or 68%, in Q2. FN
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August 8, 2021
2020 Tokyo Olympics medal count: USA tops China in gold, silver, bronze and overall medal totals
The U.S. led the way at the 2020 Games with China, Japan, Great Britain and the Russian Olympic Committee rounding out the top 5. Overall, 339 medals were handed out across 33 sports and Team USA was the big winner collecting one third of all of the medals that were...
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August 7, 2021
Garmin Adds New ‘Adventure Race’ Activity Profile: An Explainer
While scanning through the list of beta firmware updates posted this week, a new ‘Adventure Race’ activity profile designed for races that prohibit GPS navigation during the race. This means that some races require competitors to do their own orienteering, old-school style with maps and compass, rather than depend on...
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August 6, 2021
Dorel Sports’ Q2 Revenues Climb 11 Percent
Dorel Industries reported its Dorel Sports brands, which include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse, posted its ninth consecutive quarter of revenue growth. Revenue in the segment was US$317.3 million, an increase of US$31.7 million, or 11.1% from last year. Six-month revenue increased to US$587.7 million, up US$113.8 million,...
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August 6, 2021
Pedego’s $121 million progress is a classic e-Bike biz story
Pedego has this week revaeled that in the past 12 months the business has turned $121 million in retail sales, illustrating that a shift in the demographics buying is accelerating the pace of e-Bike adoption. Cycling Industry News
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August 5, 2021
Levi Strauss & Co. to Acquire Activewear Brand Beyond Yoga
The acquisition will bring the athletic and lifestyle apparel brand Beyond Yoga brand to more consumers through direct-to-consumer expansion, including brick-and-mortar retail, gender and category growth, and further develop its wholesale footprint with premium partners. With this transaction, LS&Co. enters the activewear category. Businesswire
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August 5, 2021
Adidas Revenue Up 51% in Q2
Adidas released second-quarter earnings Thursday, and sales are strong everywhere except China. Quarterly revenue was up 51% year-over-year to $6 billion. Net income hit $470 million, a sharp pivot from the net loss of $349 million during the same quarter last year. It expects sales to increase by up to...
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August 4, 2021
Concerns over pollution and hot weather add another challenge to marathon swimming
The Tokyo Olympics’ open-water competition and swimming portion of the triathlon at the Odaiba Marine Park comes after persistent controversy over high water temperatures and pollution raised safety concerns among some athletes and coaches. Los Angeles Times
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August 4, 2021
The Making of an Olympian
A new study of the athletic backgrounds of thousands of successful athletes finds that most world champions sample one sport after another as children and gain mastery in their chosen activities considerably later than other, more focused young athletes whom they eventually go on to defeat. NY Times
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August 4, 2021
Why The Rocky Mountain Slam Is The Toughest Race Series In Ultrarunning
To complete the Rocky Mountain Slam, men and women have to finish four out of five annual races in the Rockies: the Bighorn 100 in Montana in June, the Hardrock 100 in Colorado in July, the Leadville Trail 100 in Colorado in August, the Wasatch Front 100 in Utah in...
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August 4, 2021
Former Nike Manager Sentenced to 31 Months in Prison on Embezzlement Charges
A federal judge on Tuesday sentenced a former Nike Inc. marketing manager to 31 months in prison and three years of supervised release on charges related to embezzlement. Errol Andam, who worked at Nike between 2001 and 2018, was also ordered to pay more than $1.6 million in restitution. FN
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August 4, 2021
Hydrow In Talks to Go Public at $1 Billion Valuation
Hydrow, seller of connected fitness rowing machines, is in talks with Sandbridge X2 Corp. to go public via SPAC, which would reportedly value the company at more than $1 billion. Front office Sports
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August 3, 2021
Wolverine Acquires Sweaty Betty for $410 Million as It Looks to Expand Digital and Reach More Women
Wolverine World Wide is furthering its goal to expand its digital presence with the acquisition of fitness lifestyle brand Sweaty Betty. The move represents Wolverine’s commitment to e-commerce, which also gives Wolverine a stake in the competitive women’s activewear category. FN
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August 3, 2021
Under Armour Raises Full Year Outlook As Q2 Blasts Past Analyst Targets
Under Armour, Inc. surpassed Wall Street’s estimates: revenue was up 91% to $1.4 billion, up 85% currency-neutral, compared to the prior year. Wholesale revenue increased 157% to $768 million and direct-to-consumer revenue increased 52% to $561 million. North America revenue increased 101% to $905 million, and international revenue increased 100%...
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August 3, 2021
What 5 Olympians Eat in a Day of Training
Demanding training schedules call for ample energy and the right nutrients at the right time. The nutritional needs of every sport, and every individual, are different, meaning that each athlete has to figure out a way of eating that supports their own output. Outside asked five athletes competing in Tokyo...
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August 2, 2021
Around the Island Swim halted with no finishers after 10-plus hours
Competitors in the 55th Around the Island Swim ran into difficult ocean conditions Sunday, and the race couldn't come to a typical conclusion. The rules of the 22.75-mile race around Absecon Island called for a 10-hour time limit, and no swimmers in the clockwise race were at the North Jackson...
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August 2, 2021
Why Open Water Swimming Can Make You Smarter
A growing body of research suggests that swimming might provide a unique boost to brain health. Regular swimming has been shown to improve memory, cognitive function, immune response and mood. Swimming may also help repair damage from stress and forge new neural connections in the brain. Adventure Journal
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August 1, 2021
“Multiple” athletes may face punishment over drinking alcohol at Olympic Village
Multiple athletes have landed themselves in hot water and could face disciplinary action after being caught drinking at the Olympic Village. Toshirō Mutō, director general of Tokyo 2020, has confirmed that athletes and other members of an unnamed delegation were spotted consuming alcohol in a park within the Village. An...
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August 1, 2021
Facebook’s Oculus Move Taps Into Apple Health
Apple and Facebook have the potential to collaborate on something truly special – a gamified universe centered around health. A potential integration between Oculus Move and Apple Health has big implications, as the future of tech appears to be rooted, at least partially, in health and fitness. Front Office Sports
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July 31, 2021
Britain win first-ever Olympic Games triathlon mixed relay at Tokyo 2020
Alex Yee delivered a superb final leg as Great Britain won the inaugural Olympic Games triathlon mixed relay gold medal on Saturday. The victory takes Britain's medal tally to eight, including three golds. ESPN
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July 31, 2021
This Is How Safe It Is to Go to the Gym Right Now
As COVID-19 cases begin to rise again in all 50 states and the CDC is now recommending even vaccinated individuals wear masks indoors in certain cases, is it safe is it to go to the gym right now, if you should go at all? Men’s Health asked doctors, infectious disease...
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July 31, 2021
IOC acknowledge current transgender guidelines out of date with new framework to be revealed
International Olympic Committee (IOC) medical and scientific director Richard Budgett has acknowledged current guidelines around transgender athletes are no longer fit for purpose, with the organisation set to publish an updated framework to guide International Federations in devising their own rules. Inside The Games
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July 30, 2021
How Deckers Is Stealing More Running Market Share as It Aims to Turn Hoka One One Into a Billion-Dollar Brand
Hoka One One once again presented standout results in Deckers’ Thursday Q1 earnings report. The parent company of the Ugg, Hoka One One, Teva, and Sanuk brands, reported a revenue increase of 78.2% to $504.7 million for Q1 of fiscal year 2022. With Hoka’s overall revenue increasing 95% to $213.1 million, the fast-growing...