May 17, 2022

On Hikes Guidance On Robust First Quarter

On, the Swiss running brand, raised its outlook for sales and earnings for the current year after reporting first-quarter results that easily topped Wall Street estimates. Net sales vaulted 67.9 percent in Q1 2022 and sales are now expected to grow at least 44 percent in 2022. SGBMedia  

May 17, 2022

Alessandra Faciperi joins MarathonFoto as Director of Operations.

/ENDURANCE SPORTSWIRE/ - MarathonFoto, the world’s largest publisher of amateur endurance sports photos, announces that Alessandra Faciperi will join the team as the Director of Operations. Alessandra will oversee event staffing and Customer Service. Alessandra worked with MarathonFoto previously as Director of Client Relations in Europe. “We are thrilled to...

May 16, 2022

Peloton, NordicTrack maker iFit settle all litigation

Peloton Interactive Inc (PTON.O) and NordicTrack maker iFit said they have settled all pending litigation between them, where the fitness equipment makers accused each other of infringing their respective patents. Reuters

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...

May 14, 2022

BibBoards Patent: The One and Only Fastening Clips

/ENDURANCE SPORTSWIRE/ - May 14, 2022 BibBoards are One-of-A-Kind BibBoards are the only solution to replacing your safety pins on race day. And now, Biboards are the only patented and trademarked product of their kind. When you order your BibBoards or partner with the company you can be sure that...

May 12, 2022

UltrAspire and Brooks Partner for an Athlete Collaboration

/ENDURANCE SPORTSWIRE/ - As a young man Bryce Thatcher found his passion for moving quickly and efficiently in the mountains. At that time, there were limited options for mountain running gear which led Bryce to design and build his own. Among his custom equipment, Bryce wore a pair of Brooks...

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...

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...

May 12, 2022

CTS Welcomes Cliff Pittman to Ultrarunning Coaching Staff

(Colorado Springs, May 12, 2022)/ENDURANCE SPORTSWIRE/ – CTS, a pioneer in the endurance coaching and camps industry, today announced the addition of Cliff Pittman to the growing CTS Ultrarunning coaching staff. Pittman is the fourth coach to be hired in 2022, joining Addison Smith, Kerry Bonar, and Izzy Forrest. All four...

May 11, 2022

PeopleForBikes Coalition Board Meets to Discuss 2022 Objectives, Data Investment and Foundation Growth

BOULDER, COLO (May 11, 2022) /ENDURANCE SPORTSWIRE/ - The PeopleForBikes Coalition Board of Directors, made up of 20 of the bike industry’s top leaders, met virtually for their semi-annual gathering on May 10. The board’s primary topic of discussion was reviewing progress on the organization’s 2022 Workplan goals, centered around...

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

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...

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,...

May 10, 2022

Trustmark Acquires FitReserve to Expand Existing Fitness Capabilities

LAKE FOREST, Ill.-- National employee benefits provider Trustmark is pleased to announce the acquisition of FitReserve, a multi-studio fitness subscription that allows members to mix and match in-person, live stream, and on-demand workouts from the top studios and instructors. The acquisition will further enhance the comprehensive corporate fitness management solutions...

May 10, 2022

Showcased

Polartec Names Akimbo Communications PR Agency of Record

Planet Earth, The Universe /ENDURANCE SPORTSWIRE/ - Polartec®, a Milliken™ & Company brand - the global premium provider of innovative and sustainable textile solutions - announces its partnership with Portland, Oregon-based Akimbo Communications as the brand’s official agency of record for public relations and communications. Effective immediately, Akimbo will communicate...

May 10, 2022

KINeSYS Sunscreen Partners with Another Mother Runner

10th May 2022, Vancouver, Canada /ENDURANCE SPORTSWIRE/ - North America’s leader in active sun care, KINeSYS Performance Sunscreen, is excited to announce their partnership with Another Mother Runner, the 110k+ strong, vibrant and inclusive community of female runners. Co-founded by Sarah Bowen Shea and Dimity McDowell, AMR connects via in-person retreats,...

May 10, 2022

Sportstats relies on RACE RESULT timing technology at Bloomsday Run

Boulder/Ottawa May 6, 2022 /ENDURANCE SPORTSWIRE/ - Almost 25,000 runners returned to Spokane Washington last weekend for the Lilac Bloomsday Run. The largest sports timing company in the world, Sportstats, was on site with RACE RESULT timing technology to provide runners and spectators with live race results and mile splits. The...

May 10, 2022

Antarctica Marathon® Race Directors Join Oceanites Board of Directors

Boston, MA (May 10, 2022) /ENDURANCE SPORTSWIRE/ - Marathon Tours & Travel (MTT) is pleased to announce that Founder/CEO Thom Gilligan and President Jeff Adams were elected to the Board of Directors of Oceanites – a research based nonprofit organization focused on the effects of climate change and tourism on...

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...

May 9, 2022

Showcased

BOA Technology Dials In New Marketing Campaign, Expanding Consumer Outreach

Denver, CO (May 9, 2022)/ENDURANCE SPORTSWIRE/ –BOA® Technology – makers of the BOA Fit System – dials in new global brand campaign, as it expands its marketing to speak more directly to consumers. The campaign focuses on pioneering athletes across the brand’s key segments – snowboarders, road cyclists, trail runners, downhill...

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

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...

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...

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%,...

May 5, 2022

United Sports Brands Acquires Iconic Cycling Brand PEARL iZUMi

FOUNTAIN VALLEY, CA and LOUISVILLE, CO (May 5, 2022) /ENDURANCE SPORTSWIRE/ - United Sports Brands (“USB”), a global leader in sports performance and protective products, today announced that it has acquired PEARL iZUMi USA (“PEARL iZUMi”), an iconic manufacturer and retailer of cycling apparel and accessories. PEARL iZUMi will join...