News Topics
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October 26, 2023
Hoka Continues to Drive Deckers Brands in Q2, Ugg Returns to Profit
Shares for Deckers Brands were up nearly 10 percent. The footwear company reported net sales in the second quarter of 2024 increased 24.7 percent to $1.09 billion, compared to $875.6 million the same time last year. Deckers also saw a bump in its direct-to-consumer channel, reporting an increase of 38.8 percent to...
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October 26, 2023
Skechers Beats Profit Expectations in Q3, Nets Record Sales Over $2B
Skechers reported record quarterly sales of $2.02 billion, which were up 7.8 percent from the prior year and ahead of the company’s previously outlined projection of between $1.95 billion and $2 billion. Net earnings were $145.4 million and diluted earnings per share were up 69.1 percent to $0.93. Skechers had been aiming...
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October 26, 2023
FloBikes Got Caught Sneaking Subscriber Data to Facebook. That Means You’re Owed Money.
If you woke up to an email about a class action lawsuit against FloSport, it was about their subscribers being notified that FloSports disclosed its subscribers’ personal information to Facebook via the Facebook Tracking Pixel, without its subscribers’ consent, in violation of the Video Privacy Protection Act (the “VPPA”). This...
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October 25, 2023
Life Time Group Holdings Inc (LTH) Reports Strong Revenue Growth in Q3 2023
Life Time Group Holdings Inc (NYSE:LTH) released its Q3 2023 earnings report on October 25, 2023, revealing a significant increase in total revenue and adjusted EBITDA. Despite a decrease in net income, the company's adjusted net income showed a remarkable improvement, turning from a loss in Q3 2022 to a...
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October 25, 2023
The Tour De France Faces Major Disruption Due To Paris Olympics
Next summer’s Paris Olympics will cost organizers at least $4.5 billion — but the Games will also severely upend one of the most storied international events on the sporting calendar. On Wednesday, the Tour de France released its official route for the 111th edition of the cycling race in 2024, with...
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October 24, 2023
Shimano’s Sales Tumble 20 Percent In Nine Months On Cycling Weakness
Shimano Inc.’s sales tumbled 19.8 percent in the nine months as sales in its Bicycle Components segment dropped 24.8 percent with the decline tied to high inventories in the IBD channel. The Japanese-based company nonetheless slightly raised its outlook for the year as orders in the back half weren’t as...
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October 24, 2023
Running Store Distance Lets Customers Steal — If They Can Outrun Its Security Guard
Running store Distance is allowing customers to steal products from its shelves — with a catch. On Sept. 13, the brand posted a sign outside of its store in Paris, which proclaimed “Rob It To Get It” as part of its latest campaign. Customers were allowed to steal items in-store...
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October 20, 2023
Lost Paddle plans two (e)revolution shows for 2024
Lost Paddle Events will produce two e-bike events next year: a second edition of its (e)revolution Denver show in late May preceded by a new outdoor trade/consumer show in Orange County, California, in April. The California event will be held at Irvine's Great Park, a 500-acre venue with off-road and...
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October 19, 2023
Startup Raises $3M To Help Athletes Flex Their Creator Muscles
Grandstand, the athlete empowerment startup, recently raised $2.75 million in a funding round led by Will Ventures, with plans to launch an app that would allow fans to follow and financially support their favorite players. Sportico
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October 19, 2023
Survey Sees Nike, Jordan, Lululemon Winning Popularity Contest with Gen Y + Z
While upstarts such as Hoka and On are making noise, Cowen’s sixth annual Gen Z and Millennial survey found Nike, Air Jordan and Lululemon hit new all-time highs in brand preference and showed material growth year-over-year in both 18-to-24 and 25-to-34-year-old cohorts. SGB
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October 19, 2023
Meta, Alo Yoga Hit With VR Fitness Lawsuit
Meta has again been accused of gatekeeping the burgeoning virtual reality fitness space, this time drawing the ire of an immersive VR app developer, who slapped the tech titan and athleisure brand Alo Yoga with a lawsuit. The plaintiff, California-based Andre Elijah Immersive Inc. (AEI), is a self-proclaimed new entrant...
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October 19, 2023
Wiggle future in doubt as business set to file for self administration
The parent Signa Sports United, whose largest shareholder is Signa International Sports Holding, is facing down the prospect of losing a €150 million financial commitment, on which just €7 million has thus far been drawn to support the network of companies’ trading activities. The ultimate source of the funding withdrawal...
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October 18, 2023
Human Powered Health set to grow women’s team in ‘scope, size, capability’ for 2024
Following the demise of its men’s team, Human Powered Health is going all in on its women’s squad for 2024. Over the summer, the U.S.-registered squad looked destined to be demoted from the Women’s WorldTour at the end of the season, but some changes in the top tier gave the...
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October 18, 2023
Peloton To Bring Live Sports To Its Fitness Devices
Everyone wants live sports these days — and one of the biggest players in the at-home fitness industry is stepping onto the court in a major way. Peloton will soon offer live NBA and WNBA games from compatible devices via its new entertainment hub, marking the first time it has...
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October 17, 2023
Researchers Say Run Clubs are “Therapy”
A new study suggests regular group running sessions are as effective as antidepressants in treating depression and anxiety. Over 16 weeks, researchers compared outcomes of patients taking SSRI drugs against patients practicing running-based therapy. Summarizing the findings, researchers say exercise is an effective and often preferable treatment, albeit harder to stick to....
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October 17, 2023
Nike Launches Strength Training Equipment in Latest Fitness Move
ike’s release of weight lifting equipment is right on time, as strength training continues to surge in popularity among fitness enthusiasts, being named the top wellness trend in 2024. The debut collection includes dumbbells, kettlebells and barbells available in hard chrome, black chrome and premium coated finishes, grind bumper plates...
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October 17, 2023
Peloton Expands Into Austria
Peloton announced its expansion into Austria, its fifth market outside the U.S. Starting today, the Peloton Bike, Bike+, and select accessories will be available to consumers in Austria through its expanded relationship with Amazon. Sport-Tiedje, the largest specialist retailer of home fitness equipment in Europe, will sell Peloton Bike, Bike+,...
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October 16, 2023
Course Cutting/Bib Cheating Prevalent at The Chicago Marathon
An early analysis of The 2023 Chicago Marathon shows that over 275 runners have been removed from the marathon results. To The Chicago Marathon’s credit, they removed the questionable finishers almost immediately. Unfortunately, for me, that makes it a bit more difficult to analyze those specific results. If you search...
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October 11, 2023
Kaitlin Armstrong attempts escape ahead of Texas murder trial, sheriff’s office says
Kaitlin Armstrong, the woman accused of killing professional cyclist Moriah “Mo” Wilson in 2022, tried to escape the custody of corrections officers in Travis County, Texas, on Wednesday morning, sources have confirmed. Armstrong ran from officers while leaving a medical office building, according to a sheriff’s office spokesperson. After about 10...
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October 10, 2023
Life Time Taps WellnessSpace Brands as Personal Training Recovery Partner
Life Time has leaned further into its wellness and recovery ambitions by partnering with WellnessSpace Brands, formerly HydroMassage. The deal introduces Life Time Dynamic Personal Training members to WellnessSpace Brands’ recovery and relaxation products such as its HydroMassage heated massage lounge recovery chairs and CryoLounge+ recovery chairs with cold and heat features....
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October 10, 2023
EXEC: Report Sees Crocs, Hoka, New Balance, and On Increasing Teen Appeal
Crocs, Hoka, New Balance, and On were among the brands in the active lifestyle space that increased their appeal with teens in Piper Sandler’s 46th Semi-Annual Taking Stock With Teens Survey. Nike dominated teen mindshare in footwear and apparel but lost its appeal in the performance category, while Adidas, Converse,...
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October 9, 2023
Study shows weight training better than cardio for fat loss
In exciting news for all those who may not enjoy cardio, new research looking into the impacts of strength training compared to cardio on fat loss has revealed that strength training may be the best option if your goal is to shed fat. WHM
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October 8, 2023
The more people exercise, the lazier they are throughout the rest of the day, study suggests
The more time you spend engaging in a structured exercise routine, such as going to the gym or running, the more likely you are to cut back on other physical daily activities, according to a recent study. This decline in physical activities could affect people's ability to lose weight successfully...
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October 7, 2023
Runners outraged after local Ontario marathon ran out of water
A marathon in Ontario’s picturesque Prince Edward County is under scrutiny following a severe water shortage in 24 C weather, which left 600 runners searching for answers. Despite assuring on their website that water stations would be available every two kilometres during the second half of the marathon, some runners were shocked...
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October 5, 2023
Runners outraged after local Ontario marathon ran out of water
A marathon in Ontario’s picturesque Prince Edward County is under scrutiny following a severe water shortage in 24 C weather, which left 600 runners searching for answers. Despite assuring on their website that water stations would be available every two kilometres during the second half of the marathon, some runners were shocked...