News Topics
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May 14, 2022
Adidas & Other Companies Accused of $109 Million Worth of Wage Theft in Cambodia
Adidas is refuting claims that it stole millions of dollars worth of wages from garment workers. The Clean Clothes Campaign, an activist group that advocates for workers, said in a recent blog post that Adidas and other brands had collectively failed to pay Cambodian garment workers an estimated $109 million in wages...
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May 13, 2022
Peloton Announces Rower Hardware, New Upcoming Features Outlined
Peloton kicked off their annual ‘Homecoming’ weekend event, starting with a keynote of upcoming plans from their new CEO as well as existing Peloton instructors. This 21-minute-long keynote highlighted a slew of milestones over the past year, but also covered new upcoming features. And also this was the first time...
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May 13, 2022
The Trail Ultra Project: Have Your Say in the Story of North American and British Off-Road Endurance Running
The off-road running communities of Britain and North America might be separated by thousands of miles, many time zones, and the great Atlantic Ocean, but they share a lot of common ground. The recently launched Trail Ultra Project aims to provide a comprehensive account of the rapidly growing sports of...
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May 12, 2022
Giant Group’s first-quarter revenue up 8%
Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year. However, the company said rising material costs, labor and logistics squeezed the company’s gross margin and operating profit. A higher mix of OEM work also contributed to a lower margin of...
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May 12, 2022
Zwift to ‘pause’ launch of smart bike alongside staff lay-offs
Zwift has announced a round of staff layoffs as well as the “pausing” of its smart bike hardware plans, that were announced just a few months ago. While the numbers of employees affected haven’t been released, the current economic climate is stated as the primary reason behind the online training...
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May 11, 2022
Giro d’Italia video: Spectator takes down Sam Oomen in crash after stage 5
A spectator at the side of the road appeared to accidentally take down Sam Oomen (Jumbo-Visma) in a crash at the conclusion of stage 5 at the Giro d’Italia when a spectator reached out to take the rider’s bidon. The Dutch rider hit the deck after the tangle with the...
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May 11, 2022
Race Cancellations: The New Permanent Reality
For the majority of ultrarunning’s history in North America, race cancellations were the rare exception to the norm of races going on as scheduled. Yes, there were notable exceptions such as a fire year at the Western States 100, both fire and snow years at the Hardrock 100, and a...
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May 10, 2022
Why did one in five people drop out of the Ironman World Championship St. George?
An increasing number of age group athletes either dropped out of the race or missed one of the cut offs. In the end 21.9 per cent of the field wouldn’t make it to the finish line, an amazing number considering this was a world championship event. With a 78.1 per...
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May 10, 2022
Mt. Hood Skibowl bans summer mountain biking after paying $10.5M in crash that paralyzed Oregon man
Mt. Hood Skibowl will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed into a signpost in the recreational area and was paralyzed from the waist down. Oregon Live
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May 10, 2022
Peloton Borrows $750M As Downward Cycle Spins
Peloton reported third-quarter revenue of $964.3 million, a 24% year-over-year drop from the $1.26 billion it posted the year prior, and a net loss of $757.1 million, a significant difference from last year’s third-quarter net loss of $8.6 million. The fitness company is running out of cash. Peloton ended the quarter...
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May 10, 2022
Planet Fitness Stock Climbs After Earnings Top Wall Street Estimates
Shares of Planet Fitness climbed Tuesday after the operator of fitness centers reported first-quarter earnings that beat Wall Street expectations and reiterated its 2022 outlook. Planet Fitness reported first-quarter adjusted earnings of 32 cents a share, above Wall Street estimates of 27 cents. Revenue for the quarter was $186.7 million,...
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May 10, 2022
Family of 6-year-old who ran marathon visited by child protective services, parents speak out
The parents of a 6-year-old marathoner are speaking out after they say child protective services paid their family an unannounced visit and questioned their children at home. abc13
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May 9, 2022
Orbea sets lofty 2022 target on the back of investments
Orbea has issued an operational update on its progress, within which the company revealed a sixth consecutive year of growth and a sales revenue of €282 million. Driven largely by exports, worth some 80% of the Basque firm’s trade, Orbea recorded a €40.7 million post-tax profit, which has bolstered the...
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May 6, 2022
Adidas, Pummeled by China Lockdowns, Offers Weak Guidance
Adidas is the latest global retailer to report headwinds to its business due to lockdowns in China. The German athletic-wear brand on Friday reported that currency-adjusted sales in Q1 dropped by 3% to 5.3 billion euros ($5.58 billion). Net income dropped 38%, to 310 million euros ($327.8 million). Footwear News
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May 6, 2022
Fox Factory adds 34.4% revenue in Q1, raw materials stocked up
Fox Factory has continued to add significant gains to its revenues, posting a Q1 growth of 34.4%, worth $378 million, versus $281.1 million in the same period last year. The results again represent record takings for the suspension giant, which recorded a 22.8% gross profit of $120.3 million despite a...
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May 6, 2022
Skin Spews Telltale Gases for Health Trackers to Tap Into
Scientists are doing experiments to see whether sensors might be added to wearables to tell us even more about our health based on gases released by our skin. WebMD
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May 6, 2022
Nike to Close Offices Again For a Week in August, Offer Summer Fridays, As It Brings Employees Back Into the Office
Nike is continuing its efforts to emphasize employee well-being as it starts the process of bringing employees back into the office. The sportswear giant will once again close all of its offices worldwide for a week in August to give its employees additional time off to recover and rest, according...
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May 6, 2022
Under Armour Shares Plummet as It Reports Steep Net Loss
Under Armour reported a net loss of $60 million in the quarter, with an adjusted loss of $3 million. But revenue was up 3% year-over-year to $1.3 billion. Wholesale was up 4% to $829 million, driven primarily by increases in its distributor and off-price business. Direct-to-consumer business was up 1%,...
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May 5, 2022
100% compostable water bottles at the Giro d’Italia for Cannondale teams
For the 2022 Giro d’Italia the Cannondale Professional World Tour teams will be using a 100% compostable water bottles. Made from plant-derived materials, the bite valve, cap and bottle body are completely compostable, free from plasticizers, heavy metals and BPAs making it both human-friendly and eco-friendly. Cycling Industry
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May 5, 2022
Peloton Reportedly Eyes Sale of Minority Stake to Bolster Finances: WSJ
Peloton is falling in afterhours trading Thursday as the connected fitness equipment maker is reportedly exploring the sale of a 15% to 20% stake to boost its finances, The Wall Street Journal reported, citing unnamed sources. Investing
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May 4, 2022
New study finds exercise improves heart health even more for those with anxiety and depression
A new study from the American College of Cardiology suggests that regular exercise can decrease the likelihood of heart complications by 22 per cent in individuals with anxiety and depression, compared to 10 per cent in those who don’t. Put simply, exercise seems to have stronger benefits for the heart...
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May 4, 2022
CycleBar Opens 250th Studio, Rides Past 500 Signed Agreements
CycleBar, the world’s largest indoor cycling brand, announced today it has opened its 250th studio and secured more than 500 franchise agreements, vastly increasing its reach amidst a global pandemic. Since being acquired by Xponential Fitness in 2017, CycleBar’s trajectory has been tremendous, further heightened by the boom in the...
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May 4, 2022
Six-year-old’s marathon sparks controversy on social media
On Sunday at the Flying Pig Marathon in Cincinnati, Ohio, a family of eight from Bellevue, Ky., all completed the 42.2 km together in eight hours and 35 minutes. Since then, their family marathon outing has sparked controversy online as two of the children are under 12, and one is...
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May 3, 2022
Former Tour de France winner Stephen Roche guilty of fraud
Stephen Roche, one of only two cyclists to ever win cycling’s triple crown, has been found guilty of fraud. The Irish rider won the Tour de France, the Giro d’Italia and the road worlds in 1987. Roche has been ordered to repay $1.1 million after a Spanish court proved that...
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May 3, 2022
BMC, Red Bull, Fabian Cancellara team up on ‘world’s fastest race bike’ project
BMC and Red Bull unveiled a prototype time trial/triathlon bike that will be raced at the Ironman world championships this weekend. This is the first public iteration of the two brands’ project to “develop the world’s fastest race bike.” Four-time world time trial champion Fabian Cancellara was also involved. VeloNews
