News Topics
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November 9, 2023
Wolverine Sees New Round of Layoffs as It Looks to Further ‘Streamline’
Wolverine Worldwide is accelerating its transformation plan as it looks to “streamline” the organization. As part of this plan, the Rockford, Mich.-based footwear company on Thursday revealed a new global workforce reduction and organizational redesign. While Wolverine has not disclosed the number of employees affected by this move, the company...
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November 9, 2023
Can Specialty Run Handle More Competition? Is the ‘Super Shoe’ Here to Stay? + More Burning Questions for the Running Market
The running market continues to be the hot spot in athletic footwear, and everyone wants a piece of it. For instance, Nike, which had been prioritizing its direct-to-consumer channels, renewed its partnerships with non-athletic retailers Macy’s and DSW earlier this year. And Hoka — FN’s Brand of the Year and...
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November 8, 2023
Adidas Ekes Out Growth in Q3 on Gains in all Regions Except North America
Adidas posted a 1 percent increase in currency-neutral (c-n) revenues in the third quarter of 2023. The company said the top-line development reflected the company’s conservative sell-in approach aimed at reducing high inventory levels, improved sell-through as well as the company’s focus on full-price sales across its own channels. In...
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November 8, 2023
Running may boost inflammation-fighting cells that enhance performance, study finds
A new study reported in The Harvard Gazette has shed more light on how exercise helps the body boost its ability to fight inflammation, which in turn improves performance. The study, done in mice, suggests the possible role of the exercise in both reducing inflammation and improving performance. Exercise triggers...
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November 7, 2023
Future of Tour of Britain in doubt after British Cycling ends deal with race organiser
The future of the Tour of Britain is in serious doubt after British Cycling withdrew from a deal with race promoter Sweetspot, with the termination reportedly centering around allegations that the company owes around £700,000 in race licence rights fees. The dispute means that the UK's biggest professional bike race could be...
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November 2, 2023
Peloton reports wider-than-expected loss, ‘bad news’ on paid subscriptions
Peloton’s sales during its fiscal first quarter were higher than expected but its losses underperformed Wall Street’s expectations. The connected fitness company, known for its pricey Bike and Bike+, is struggling to convert new users into paid subscribers. For its holiday quarter, Peloton is expecting revenue of between $715 million...
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November 2, 2023
Kaitlin Armstrong Day 2: Testimony surrounds gathering evidence at murder scene
Prosecutors will call more witnesses Thursday in the murder trial for Kaitlin Armstrong, who’s accused of shooting and killing pro cyclist Anna Moriah “Mo” Wilson in May 2022. kxan
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November 2, 2023
Brain tissue may be fuel for marathon runners
Marathon runners appear to rely on myelin, the fatty tissue bundled around nerve fibers, for energy during a race, scientists report October 10 in a paper posted at bioRxiv.org. In the day or two following a marathon, this tissue seems to dwindle drastically, brain scans of runners reveal. Two weeks...
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November 1, 2023
New research suggests even 22-minute runs can help you live longer
Running for less than 30 minutes a day may not be enough to help you win a marathon, but that doesn’t mean it’s not beneficial to your health. Recent research suggests engaging in just 22 minutes of moderate to vigorous physical activity (such as easy running) can help counterbalance the...
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November 1, 2023
Vista Outdoor Reports Second Quarter FY24 Financial Results
Vista Outdoor Inc. reported financial results for the second quarter of Fiscal Year 2024 (FY24), which ended on September 24, 2023. Sales decreased $105 million to $677 million, down 13 percent, driven by lower shipments across nearly all categories in the Sporting Products segment. Gross profit declined 21 percent to $209...
