News Topics
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February 24, 2023
Garmin reports 71% profit fall in cycling and fitness business as pandemic bubble bursts
Leading US tech brand Garmin has reported a 71% drop in operating profit across its cycling and fitness division in 2022 as the pandemic bubble burst, the company's annual report said. Published on Wednesday, the company's final report for the 2022 fiscal year shows that operating income was $105m from...
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February 24, 2023
E-bike conversion brand Boost secures six-figure investment
British e-bike conversion brand Boost has closed its latest funding round after securing a six-figure investment. Boost, founded by Cambridge engineer Nick Bailey, is an aftermarket conversion kit brand that works directly with retailers. Bikebiz
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February 23, 2023
Lesley Paterson competed in triathlon despite excruciating pain from broken shoulder to fund BAFTA-winning movie
The story goes that in 2016, Paterson crashed her bike and broke her shoulder just one day before she was to compete in a triathlon. She needed to win the event in Costa Rica to use the winner’s cheque for making the movie. A gruelling event, the triathlon requires an...
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February 23, 2023
Planet Fitness’ Q4 Tops Wall Street Targets
Planet Fitness, Inc. reported fourth-quarter profits more than doubled, beating expectations and forecasted an upbeat full-year outlook following strength in its December national sales, which helped to drive “record membership growth.” Excluding nonrecurring items, adjusted earnings per share increased to 53 cents, topping Wall Street’s consensus estimate of 47 cents....
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February 23, 2023
Relatives of athletes rescued from ultramarathon claim ‘poor safety planning’ put lives at risk
Relatives of competitors taking part in an ultramarathon who had to be rescued from the remote route in bad weather claim they were in serious danger and their lives put at risk by “poor safety planning” by the event’s organisers. Stuff
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February 22, 2023
110 Ultra Trail Runners Evacuated from Race Course
A 7-day, 6-stage ultra-marathon on the South Island of New Zealand, was interrupted by severe weather earlier this week, which resulted in several athletes needing to be rescued, according to the New Zealand Herald. Rains quickly became intense, causing the Arrow River to rise in the wee hours of the...
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February 21, 2023
Influencer under fire for blocking Austin Marathon route with ebikes
The 2023 Austin Marathon's biggest story to come out of the race is not one of triumph or success, but one of disruption and annoyance. Influencer Matt Choi of Gaithersburg, Md., upset many of his fellow runners as he attempted to get the best footage possible for his social media. A...
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February 21, 2023
Trail Ultra Project: New Report Analyzes the Habits and Characteristics of Trail Runners and Ultrarunners
The project began with a survey launched in 2022 — which we invited you to participate in — which took a deep dive into the habits of trail runners and ultrarunners, and the demographics that make up our diverse community. Almost a year on, having received more than 1,000 responses...
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February 21, 2023
Brooks Running achieves record revenue in 2022, builds momentum into the new year
Brooks Running crossed the finish line in 2022 with record global revenue, up 6% over 2021 with growth in all regions, and direct-to-consumer sales up 16%. The brand navigated supply chain obstacles during the first half of the year, returning to complete inventories in the back half with a record...
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February 21, 2023
Fox Factory Acquires Custom Wheel House
Fox Factory Holding Corp. agreed to acquire Custom Wheel House, LLC (CWH) from Thompson Street Capital Partners and other sellers for $131.6 million. This acquisition complements Fox’s upfitting and lift kit business and broadens its product offering in a growing automotive industry segment. SGB Media