News Topics
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August 2, 2022
Porsche eBike Performance GmbH launches into cycling market
If there were any remaining doubt about how serious performance vehicle manufacturer Porsche is about eMobility, that has been officially ended with the launch of Porsche eBike Performance GmbH. The car maker announced it, “wants to increase its activities in the eBike segment. To this end, two joint ventures founded...
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August 2, 2022
The Space Force is scrapping the annual fitness test in favor of wearable trackers
U.S. Space Force leadership says the approach will prioritize the general wellness of service members beyond just one physical assessment each year. The annual tests have spurred eating disorder symptoms and other unhealthy behaviors in some military members. npr
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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...
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July 31, 2022
Commonwealth Games cycling is ABANDONED after a second horrifying crash that saw one rider fly over the barrier and into the crowd leaving three athletes HOSPITALISED and spectators treated at the scene
Cycling at the Commonwealth Games was struck by another horrifying crash on Sunday afternoon that saw England's Matt Walls catapulted over the barrier into the crowd, leaving athletes and spectators requiring urgent medical attention. In the second qualifying heat of the men's 15km scratch qualifying, there was a multi-rider crash...
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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...
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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...
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July 29, 2022
Kaitlin Armstrong’s medical records subpoenaed by prosecutors in cycling pro Mo Wilson murder case
Texas authorities are looking into medical records of Austin murder suspect and former fugitive Kaitlin Armstrong, who is accused of shooting the pro cyclist Anna Moriah ‘Mo’ Wilson. Prosecutors applied for a subpoena seeking Armstrong’s medical records from St. Joseph Medical Center in Houston, where she was taken just days after her...
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July 28, 2022
UCI suspends continental team’s licence due to doping investigation
The sanction has been imposed in response to information received by the UCI from the Portuguese Anti-Doping Authority, which is conducting the doping investigation. Consequently, W52-FC Porto cannot compete in races, and will therefore miss the Volta a Portugal next month - a race the team has won every year...
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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
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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...
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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...
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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
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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...
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July 26, 2022
Exercise more than the recommended amounts for the longest life, study says
Researchers analyzed more than 116,000 adults in a study published Monday in the American Heart Association journal Circulation. Participants self-reported their leisure time activity in questionnaires several times over the course of 30 years, and researchers estimated the association between the time and intensity of exercise with rates of death....
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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...
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July 23, 2022
As Europe’s heat wave melts roads, Tour de France races into an uncertain future
The Tour de France has always been a test of human endurance. The cyclists cover epic distances over the course of three weeks, speeding past fields of sunflowers, bouncing along cobblestone roads and climbing dizzyingly steep mountains with frightening corkscrew descents. Washington Post
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July 23, 2022
How to Make More People Fall in Love with Track and Field
In the lead-up to this week’s World Championships in Eugene, Oregon, USA Track and Field president Max Siegel said that he hoped the event would be a catalyst to enhancing the sport’s domestic popularity. The goal, according to a story in the Los Angeles Times, is to make track the...
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July 22, 2022
‘Lack of Support’ Shutters 2022 North American Handmade Bicycle Show; ‘MADE’ Show to Debut in 2023
Organizers canceled this year’s North American Handmade Bicycle Show (NAHBS) on July 20 after nearly a year of anticipation for its post-pandemic return. Primary organizer Don Walker announced that an unexpectedly low number of commitments from exhibitors had led to the decision. Gear Junkie
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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...
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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...
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July 21, 2022
London Marathon changes policy for pregnant and postpartum participants
London Marathon Events has made immediate policy changes to make the event more inclusive. Participants who are pregnant or postpartum – including general entry participants and participants with a Good For Age or Championship place in the 2022 TCS London Marathon on Sunday 2 October – will now have the opportunity to...
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July 21, 2022
Chris Froome out of Tour de France with COVID-19
The four-time Tour de France champion pulled out of cycling’s biggest race after testing positive for COVID-19. In a video message, he said he will take a few days off and refocus on competing at the Spanish Vuelta next month. yahoo!
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July 21, 2022
Fitness Company WHOOP Slashes Workforce By 15%
Wearable technology company WHOOP launched a round of layoffs Thursday that led to the elimination of 15% of its workforce. The company’s high-tech fitness tracker has been embraced by world-class athletes like LeBron James, Tiger Woods and Michael Phelps, and partnerships with the PGA Tour and CrossFit. WHOOP had a...
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July 20, 2022
Here’s What You Need to Know About the Inaugural Tour de France Femmes
On Sunday, for the first time in a very long time, there will be two pelotons in Paris racing the Tour de France. The Tour de France Femmes avec Zwift begins on July 24 and runs for eight days across northeast France. The race features 144 women from 24 teams, and...
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July 20, 2022
Kaitlin Armstrong pleads not guilty to murder of cycling star Anna ‘Mo’ Wilson
A yoga teacher accused of killing love rival and professional cyclist Anna Moriah Wilson before going on the run for 43 days has pleaded not guilty to first-degree murder. Attorneys for Kaitlin Marie Armstrong told a hearing in Austin, Texas, on Wednesday that she wanted to exercise her right to...
