Business

August 17, 2021

The Hotel Zags Portland welcomes Rachel Wilson, New General Manager

Portland, Oregon (Aug 17, 2021) – The Hotel Zags, a new boutique hotel in Downtown Portland focused on outdoors immersion, inclusivity and exceptional guest experience, is thrilled to announce the appointment of Rachel Wilson to the role of General Manager. Ms. Wilson brings an exceptional background in boutique hotel operations...

August 17, 2021

Music Remains A Priority For Fitness Companies

Equinox Media licensed the entire Universal Music Group catalog in January, but access to the world’s largest music wasn’t enough for the parent company of SoulCycle and Equinox. The fitness brand has partnered with Lorde, Calvin Harris, the Jonas Brothers, and the Supremes for a new series called “Equinox+ Features.” FOS

August 17, 2021

Road Runners Club of America Welcomes Four Additional Instructors to its Popular Coaching Certification Program

Arlington, VA – August 13 – The Road Runners Club of America (RRCA) is pleased to welcome Beofra Butler, Benson Langat, Alex Morrow and Christine Rockey to its Coaching Certification program instruction team.  The four new instructors will join the RRCA’s Director of Coaching Education Randy Accetta, Brent Ayer, Bobby...

August 16, 2021

Retailer R&A Cycles institutes $150 shipping and handling charge on bikes

R&A Cycles, which operates brick-and-mortar stores in Brooklyn and Walnut Creek, California, as well as a well-known e-commerce business, has introduced a $150 charge on bikes sold at its stores, to cover shipping, handling, and assembly. Bicycle Retailer

August 16, 2021

Pale Fire Capital invests $6 million in ROUVY, the popular augmented reality app for indoor training

Prague, Czech Republic / August 17th, 2021 – The Pale Fire Capital investment group acquires a major stake in VirtualTraining, a Czech company behind the ROUVY indoor cycling and running software application. Thus, Pale Fire Capital is positioned to become the majority shareholder in ROUVY and close the deal by...

August 16, 2021

Coaching and Support Staff Named For 2020 U.S. Paralympic Triathlon Team

COLORADO SPRINGS, Colo. — Longtime multisport coaches Derick Williamson and Mark Sortino, bike mechanic James Balentine and physical therapist Shefali Christopher will serve in key staff roles for the U.S. Paralympic Triathlon Team at this month’s Paralympic Games Tokyo 2020. The four individuals met the criteria outlined in the selection documents...

August 16, 2021

Velocity Indoor Cycling App Acquires PerfPro and Adds Drew Hartman to Team

Highland Park, Illinois, August 16, 2021 - Vision Quest Velocity LLC, a performance-driven cycling app, has acquired PerfPro Software Suite and added Drew Hartman, founder of PerfPro and Hartware Technologies, to the Velocity team. PerfoPro Software Suite, which includes PerfPro Studio and PerfPro Analyzer, is one of the most established...

August 14, 2021

OutsidePR Welcomes New Clients and Two New Hires

SAUSALITO, Calif. – OutsidePR, a leading consumer public relations agency with a boutique focus on the outdoor lifestyle, today announced the arrival of three new clients and two new hires. The agency is proud to be added to the roster of PR agencies working with one of the fastest-growing beer...

August 13, 2021

Asics North America Sales Surge In Second Quarter

Asics’ performance run category grew by 51.8 percent in the United States year-over-year for the region buoyed by the success of the Gel-Kayano and Gel-Nimbus. SGBMedia

August 13, 2021

Kane Footwear and Equinox Partner to Promote Athlete Recovery

Westport, CT (August 13, 2021) — Kane Footwear, an emerging leader in sustainable, active recovery footwear, is excited to announce a new partnership with luxury lifestyle leader Equinox. The venture will expand Kane’s reach to offer the Revive recovery slip-on in The Shop at Equinox, accessible online and at select...

August 13, 2021

Council for Responsible Sport to assist leading sports organizations in their quest for a more sustainable future – Will offer formal certification to recognize positive actions and more responsible approaches to the business of sport

Portland, OR August 13, 2021 –– After thirteen years of certifying hundreds of individual sporting events around the world, the Council for Responsible Sport (Council) now announces the release of the Responsible Sport Standard for Organizations, enabling the voluntary pursuit by multi-event sport organizations to assess their activities against exacting...

August 12, 2021

Authentic Brands to Acquire Reebok for $2.5B

ABG reportedly made an offer in May to acquire Reebok for $1 billion but withdrew its bid two months later due to adidas’ demands that ABG operate the brand as a standalone business. Now, ABG will pay more than double its initial bid for the footwear and clothing company. FOS

August 11, 2021

New Balance sues Michael Kors over letter ‘N’ shoe design

Running shoe maker New Balance Athletics sued luxury brand Michael Kors in Boston federal court on Wednesday, alleging two pairs of its shoes use a letter "N" in their designs that infringes New Balance's trademarks. Reuters  

August 11, 2021

UltrAspire Reports 54% Growth in the First Half of 2021

UltrAspire, a leader in hydration and waist lighting has rooted its foundation in the athletes in which they serve. Standing firm in the core value, Inspired by Athletes, UltrAspire works directly with them to introduce new concepts and innovations that are viable, practical, and functional. This process of transparency and...

August 10, 2021

NBC’s Lowest Olympic Ratings Ever

The network saw its lowest ratings ever for the Summer Games since acquiring broadcasting rights in 1988, bringing in an average of 15.5 million prime-time viewers — a 42% decrease from the 26.7 million viewers during the 2016 Rio Games, and an even bigger fall from the 31.1 million who watched the...

August 10, 2021

Aqualung Group Appoints Kendall Brandau as Director of Go-To-Market, North America

 VISTA, Calif. (August 10, 2021) – Aqualung, the leading global designer and manufacturer of dive and water sports gear, today announced it has appointed Kendall Brandau as Director of Go-To-Market, North America. Brandau will play a key role in helping to coordinate the planning, development and execution of go-to-market activities...

August 10, 2021

Pho3nix Launches Futures Program

The Pho3nix Foundation today has launched Pho3nix Future, a mentoring and educational program supporting the sports careers and long-term development of young athletes. The main goal of Pho3nix Future is to equip young athletes with the skills, knowledge, and personal development needed to flourish in a professional sports career and...

August 10, 2021

Marathon-Photos now LIVE in UK

August 10, 2021. World-leading endurance photography company Marathon-Photos.com has forged ahead with LIVE photography since introducing its new service and website in April. This weekend, MarathonPhotos.Live officially launched in the UK.  Athletes in London Triathlon – and their supporters – could see their photos online within seconds of passing a camera...

August 9, 2021

Planet Fitness Sees Q2 Sales Climb 241 Percent

Total revenue increased from the prior-year period by 241.1 percent to $137.3 million. The fitness chain also said it added 700,000 net new members since the end of its first quarter, marking six consecutive months of net membership growth. SGBMedia

August 9, 2021

Brooks Running Revenue Grew 75% in Q2 as It Continues to Steal Share in Women’s From Nike and Adidas

The running shoe brand, which is a subsidiary of Berkshire Hathaway Inc., reported that its global revenue rose 75% in Q2 of 2021 compared to 2020. Overall, revenues for Berkshire Hathaway’s consumer units, which include its apparel and footwear operations such as Brooks, increased about $1.5 billion, or 68%, in Q2. FN

August 6, 2021

Pedego’s $121 million progress is a classic e-Bike biz story

Pedego has this week revaeled that in the past 12 months the business has turned $121 million in retail sales, illustrating that a shift in the demographics buying is accelerating the pace of e-Bike adoption. Cycling Industry News

August 6, 2021

Iconic La Ruta Mountain Bike Race Expands Beyond Costa Rica to Europe

TENERIFE, SPAIN (August 6, 2021) – Heading into its 28th season, organizers of the historic La Ruta® mountain bike stage race have announced the event’s expansion into Europe, marking the first new region in its targeted global growth. La Ruta is the first known multi-day mountain bike adventure race, which...

August 5, 2021

Levi Strauss & Co. to Acquire Activewear Brand Beyond Yoga

The acquisition will bring the athletic and lifestyle apparel brand Beyond Yoga brand to more consumers through direct-to-consumer expansion, including brick-and-mortar retail, gender and category growth, and further develop its wholesale footprint with premium partners. With this transaction, LS&Co. enters the activewear category. Businesswire

August 5, 2021

Adidas Revenue Up 51% in Q2

Adidas released second-quarter earnings Thursday, and sales are strong everywhere except China. Quarterly revenue was up 51% year-over-year to $6 billion. Net income hit $470 million, a sharp pivot from the net loss of $349 million during the same quarter last year. It expects sales to increase by up to...

August 5, 2021

USA Cycling Seeing Unprecedented Numbers in Participation and Support from Pro and Amateur Cyclists and Partner Brands

Aug 5, 2021 (COLORADO SPRINGS, CO) - Growth in the cycling industry is evident far and wide and USA Cycling is seeing those same unprecedented numbers in interest and participation. As the national governing body of cycling, the organization is pleased to report record participation in many National Championships events,...