May 25, 2022

Wall Street Reacts To Under Armour CEO Transition

Effective June 1, Frisk will step down but stay as an advisor to support the transition through September 1, 2022. Under Armour’s board has initiated a search for his replacement. During his tenure, Under Armour’s revenues increased by $704 million, and its operating margin expanded to 9.3 percent from a...

May 25, 2022

Fugitive wanted in killing of elite cyclist traveled to New York City, authorities say

Kaitlin Marie Armstrong, the woman suspected of fatally shooting elite cyclist Anna Moriah "Mo" Wilson in Texas, is believed to have traveled to New York City after the killing, authorities said Wednesday. Armstrong, 34, is accused in the May 11 shooting of Wilson -- who had previously dated Armstrong's boyfriend...

May 25, 2022

Gravity sportswear brand Omorpho secures 6 million US dollar investment

Premium fitness brand Omorpho, co-founded by former Nike executive Stefan Olander and Ben Williams, to revolutionise training with micro-weighted sportswear, has raised 6 million US dollar seed funding at a 26 million US dollar valuation. Fashion United

May 25, 2022

More cyclists are being killed by cars. Advocates say U.S. streets are the problem

Amid a sharp increase in fatalities and serious injuries among cyclists hit by cars and trucks, some cycling advocates say there's often a disconnect between efforts to encourage more biking and ensuring the safety of bicyclists who are using streets that are primarily designed to move cars and trucks through...

May 24, 2022

Adidas Unveils Revamped Portland HQ as Employees Return to the Office in a Hybrid Capacity

The Germany-based brand on Tuesday said it has completed a 220,000 square-foot expansion of its headquarters in Portland, Ore. The project, which began in 2018, includes an additional three buildings on campus, a new gym, cafes, parking space and a soccer pitch. In total, Adidas said it now offers 525,000...

May 20, 2022

Outside Inc. Lays Off 15% of Staff as It Transitions to Digital

Outside Inc. told staff on Friday that it would be laying off around 15% of its 580-person workforce––between 85 to 90 people––as the bundled publisher continues its transition to a primarily digital company, the Denver Business Journal reported Friday. The media company, which is composed of 36 individual publishers including Backpacker, Ski...

May 19, 2022

Under Armour Announces CEO Transition

Under Armour, Inc. (“the company”) (NYSE: UA, UAA), today announced that Patrik Frisk will step down as President and Chief Executive Officer (CEO) and as a member of the Board of Directors (board), effective June 1, 2022. The board has initiated a comprehensive internal and external search process to identify a permanent President and CEO....

May 19, 2022

F45 Training Revenue Jumps 175% in Q1

The Austin, Texas-based company generated $50 million in revenue in Q1 2022, a 175% increase year-over-year. F45’s impressive results were driven by its equipment and merchandise revenue, which reached $30.1 million during the quarter, up 499% year-over-year. FOS

May 19, 2022

BibRave Earns Exemplary Marks for Diversity, Equity, and Inclusion Within Company Culture

Portland, OR/ENDURANCE SPORTSWIRE/ – BibRave, the leading-edge endurance and fitness marketing agency, recently participated in the 2021-2022 Camber Survey System, and was highlighted as an exemplar DEI organization. Since 2019, BibRave has created and executed a DEI action plan, working diligently to accomplish goals like auditing and updating their mission, vision,...

May 18, 2022

Consumer spend in U.S. bike market flattens, but remains strong

Data released by the Bureau of Economic Analysis has revealed the U.S. bike market to be experiencing a post spike lull in spending on bicycle goods, though interest remains above pre-pandemic levels. The inflation-adjusted data put American expenditure on bicycles and accessories in 2020 at $7 billion, up by a...

May 18, 2022

Emerging Brand KINeSYS Sunscreen invited to Runchella 2022

/ENDURANCE SPORTSWIRE/ - KINeSYS Performance Sunscreen is honoured to be one of seven emerging brands invited to Runchella 2022, the Running Industry Association’s membership summit. Runchella runs from 16 – 19 May 2022 and combines educational programming, collaborations and brand presentations and is open to RIA members only. Lisa and...

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...