August 8, 2022

Life Time Leans On Pickleball in Post-Pandemic Push

Life Time Inc. opened its first pickleball-only destination in February, but the venue is just a small part of a growth strategy projected to bring the company $1.88 billion in revenue this year. The health club operator, known for its country club culture, is committed to becoming the largest indoor...

August 5, 2022

Fox Factory announce 28.1% bike division sales boost in Q2

Q2 financial results from Fox Factory Holding Corp. today highlighted a sales increased 23.9% to $406.7 million, compared to $328.2 million in the same period last fiscal year. Gross profit increased 28.7% to $142.9 million, compared to $111.1 million in the same period last fiscal year. This increase reflects a...

August 5, 2022

tentreeⓇ Recognized with the B Corps 2022 Best for the World™ Award in the Community Category

Vancouver, BC (August 5, 2022) /ENDURANCE SPORTSWIRE/ - tentreeⓇ is honored to be a recipient of the 2022 Best for the World™ Award, distributed by B Lab Global–the nonprofit network that certifies and mobilizes B Corporations™. This award recognizes Certified B Corps around the world whose verified B Impact Scores...

August 5, 2022

2023 LR Marathon registration, training open

LITTLE ROCK, ARK /ENDURANCE SPORTSWIRE/ - Registration for the Little Rock Marathon’s Run Local Race Series is almost 40 percent sold out, race officials said today. Only 400 spots total are available for the series. Individual registration for each of the Marathon’s local races including the Little Rock Marathon is...

August 4, 2022

Adidas’ Operating Profit Plummets 28%, Faces Legal Battles

Adidas reported a 28% decline in second-quarter operating profit to $398.4 million due to suspending its business in Russia, pandemic-related lockdowns in China and Vietnam, and higher supply chain costs. The company was able to lock in a 4% increase in currency-neutral revenue. Net income fell to roughly $366.8 million...

August 3, 2022

E-bikes Changing the Channels

The recent Eurobike event, held live in July in Frankfurt Germany, all but confirmed things: e-bikes are still booming and remain an opportunity. “This year you’d have been forgiven for thinking Eurobike was an e-bike show,” reported Will Jones for Cyclingnews. Inside Outdoor

August 3, 2022

Under Armour cuts profit outlook for the full year as promotions eat into margins

Under Armour on Wednesday cut its profit forecast for the fiscal year 2023 as more promotions on its athletic apparel ate into margins. The company now expects earnings per share for the full year to come in between 61 cents and 67 cents, down from earlier guidance of between 79...

August 2, 2022

Ex-NFL Nutrition and Strength Coach Pratik Patel Joins Nix Biosensors As Director of Human Performance

BOSTON, MASS. — AUGUST 2, 2022/ENDURANCE SPORTSWIRE/ – Nix, the biosensor company delivering health and wellness data to consumers, today officially welcomes Pratik Patel, former Director of Performance Nutrition and Assistant Strength & Conditioning Coach for the New York Giants, to its rapidly growing team. As Nix’s Director of Human Performance, Patel...

August 1, 2022

Pepsi to pay US$550m for 8.5% stake in fitness-drink maker Celsius

PEPSI will pay US$550 million for a stake in fitness-energy drink maker Celsius Holdings as part of a long-term strategic distribution agreement. Pepsi is getting convertible preferred stock equating to 8.5 per cent ownership in Celsius, the companies said on Monday (Aug 1) in a statement. The soft drink giant...

July 29, 2022

LeBron James’ investment group invests $30M in Canyon Bicycles

Canyon Bicycles announced that two investment groups have taken strategic equity investments totaling $30 million in the Germany-based company. One of the groups, LRMR Ventures, is the investment group of basketball star LeBron James and James' longtime friend and business partner Maverick Carter. The other new investor is SC Holdings, which...

July 29, 2022

F45 Training Shares Tumble as CEO Quits, Wahlberg Sells

Australian fitness class company F45 Training saw shares plummet more than 60% this week following the departure of chief executive and co-founder Adam Gilchrist. Gilchrist relinquishing his role as CEO comes amid a strategic reorganization by F45 to adhere to “changing macroeconomic and business conditions.” The reorganization also cut 110 jobs at the...

July 29, 2022

BikeExchange / Kitzuma Cycling Logistics Merger Proving Highly Successful

Asheville, North Carolina (July 28, 2022) /ENDURANCE SPORTSWIRE/ - After joining forces in December, two rising industry disrupters – Kitzuma Cycling Logistics, offering fully-assembled bike deliveries nationwide, and BikeExchange, an online storefront for retailers, manufacturers and consumers across the country – continue to change the way bikes are bought, sold and...

July 28, 2022

Denver Colfax Marathon’s Newest Race Sells Out In 13 hours

Denver /ENDURANCE SPORTSWIRE/ - The Denver Colfax Marathon is offering runners in Colorado an opportunity of a lifetime: to run a 5K on the runway at one of the busiest airports in the world. "This will be an incredible race for our runners in so many ways," said Andrea Dowdy,...

July 28, 2022

Xponential Fitness Sees Strong Growth In Second Quarter

Xponential Fitness Inc., franchisor of boutique fitness brands, provided second quarter 2022 operating highlights, including same-store growth of 25 percent. Xponential Fitness’ portfolio of brands includes Club Pilates, CycleBar, StretchLab, Row House, AKT, YogaSix, Pure Barre, Stride, Rumble and BFT. SGB

July 27, 2022

Garmin Q2 Sales Dragged Down By Weakness In Fitness Wearables

Garmin, Ltd. reported sales declined 6 percent in the second quarter ended June 25, pulled down by a 34 percent drop in the fitness segment. Garmin reduced its guidance for the year, with earnings being impacted by the strengthening of the U.S. dollar, high inflation, and rising interest rates. SGB...

July 27, 2022

FS1 and FS2 To Air 2022 CLASH Endurance Watkins Glen Event

(Daytona Beach, FL) /ENDURANCE SPORTSWIRE/ - CLASH Endurance is excited to announce that FS1 and FS2 are set to air the inaugural CLASH Endurance Watkins Glen Triathlon that took place July 8-9, 2022. Professional and age group athletes that varied in age and ability took on the Watkins Glen International...

July 26, 2022

Sidi Sports bought by Italmobiliare for € 66 million

Sidi Sports, makers of cycling shoes worn by multiple cycling champions across CX, road, MTB and track, have been acquired by one of Italy’s leading investment holding companies. Italmobiliare manages a diversified portfolio of investments with a Net Asset Value of more than 2 billion euro. The business reports that the...

July 26, 2022

Adidas Slashes Outlook for Q2, Citing Slow Recovery in Greater China

The German sportswear brand on Tuesday said its recovery in Greater China has been slower than it expected since Q3 began, due to persisting Covid-19 restrictions. As such, Adidas said it expects revenues in Greater China to decline at a double-digit rate through 2022. Footwear News

July 26, 2022

Skechers Credits Wholesale Growth for Record Q2 Sales

The Los Angeles-based footwear brand reported on Tuesday that it reached $1.87 billion in sales in Q2, a 12.4% increase from the same time last year. According to Skechers COO David Weinberg, the growth was the result of a 15.4% increase in domestic sales and a 10.0% increase in international...

July 26, 2022

Shimano’s Sales Expand 15 Percent In First Half

Shimano Inc. reported net income increased 22.4 percent in the first half ended June 30 as sales grew 14.7 percent. Sales reached ¥303,686 million, up against ¥264,694 million. Operating income increased 15.7 percent to ¥80,909 million and ordinary income advanced 24.7 percent to ¥92,123 million. Net income increased 22.4 percent...

July 26, 2022

Saucony® Appoints Kathryn Pratt as Chief Marketing Officer

WALTHAM, MA (July 26, 2022)/ENDURANCE SPORTSWIRE/ – Saucony, a division of Wolverine Worldwide, Inc. (NYSE: WWW) and a leading global performance running and lifestyle brand, has announced the appointment of Kathryn Pratt to the position of Chief Marketing Officer, effective immediately. In this role, Pratt will be responsible for providing strategic development...

July 26, 2022

PeopleForBikes Announces Two Major Staff Hires to Help Build Better Bike Networks Nationwide

BOULDER, COLO. (July 26 2022) /ENDURANCE SPORTSWIRE/ - PeopleForBikes, a national bicycling advocacy and trade organization, recently announced the hiring of Dave Snyder and Martina Haggerty as senior directors of local innovation. PeopleForBikes’ local innovation team develops and implements programming for cities to quickly build better, more-connected bike networks, supporting...

July 23, 2022

VinFast and IRONMAN Announce a Groundbreaking and Comprehensive Global Partnership

Tampa, Fla. / Nha Trang, Vietnam (July 23, 2022) /ENDURANCE SPORTSWIRE/ - VinFast, the world’s first automotive manufacturer to completely switch from internal combustion engines to electric vehicles, and IRONMAN, the global leader in long distance triathlon, have announced a global partnership for VinFast to become the first ever naming...

July 22, 2022

Thule Group’s Q2 Sales Expand 2.6 Percent

Thule Group reported earnings slipped 6.8 percent in the second quarter ended June 30 as sales grew 2.6 percent. In the second quarter of 2022, net sales amounted to SEK 3,314m (3,229), representing an increase of 2.6 percent. Adjusted for exchange rate fluctuations, net sales for the Group decreased 3.4...

July 22, 2022

Lululemon Workers Look to Unionize D.C. Store, the First Location to Do So

A Lululemon store has started the process of organizing a union. A store in Washington, D.C. on Wednesday filed a request with the National Labor Relations Board to hold a union election. The group is looking for the company to voluntarily recognize their union, which is called the “Association of...