News Topics
May 1, 2024
Amer Sports sells Enve Composites to private investment firm
Enve Composites has been sold by Amer Sports to PV3, a Utah-based private investment firm. Amer Sports’ chief operating officer Michael Hauge Sørensen said: “Enve has gone through major changes in the past years. The brand has positive momentum, and we see that it has good potential. Enve Composites was founded in 2007...
May 1, 2024
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
Wolverine World Wide, Inc. announced that it entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company. Under the first agreement, Vida Shoes International will become the global licensee for Merrell and Saucony kids footwear, with rights to these products in almost all markets...
April 30, 2024
Are sleep trackers hurting runners’ performance?
With increasing studies showing that better sleep can lead to faster speeds, many runners now rely on their GPS watches’ sleep trackers for insights into how well they sleep. However, a recent study suggests that the use of sleep trackers may have the opposite effect, leading to orthosomnia–an unhealthy obsession with...
April 30, 2024
Adidas Swings to Q1 Profit as DTC Drives Top-Line Growth
Adidas is reporting that currency-neutral (c-n) revenues increased 8 percent in the first quarter of 2024, compared to the the 2023 first quarter. The better-than-expected performance was said to be driven by the “strong momentum” of the underlying Adidas business, which grew 5 percent in the period. In addition, the...
April 29, 2024
2025 London Marathon receives nearly 850,000 applicants
The marathon running boom has reached a record high. As the public ballot for the 2025 TCS London Marathon closed on Friday, organizers reported they received a record 840,318 applications, smashing last year’s mark of 578,374. The 2024 London Marathon saw just over 50,000 finishers, a record for the event,...
April 27, 2024
Rapha abruptly closes North America office and lays off staff
Rapha has abruptly closed its North American office and laid off six of its eight staff as the clothing brand says it is “realigning Rapha to better reflect our strategic priorities and current market dynamics.” Rapha CEO Francois Convercey siad that the layoffs were part of a consolidation plan. Rapha’s...
April 26, 2024
What millennials are doing to confront the ‘quarter-life crisis’
We’ve all heard of a midlife crisis, but how about a quarter-life crisis? It’s now happening to people in their 20s. Whether it's harder, taking longer to find a career path that is meaningful to them or taking longer to find a partner, or moving to a new city, and...
April 26, 2024
The Stages Cycling Saga Is Only Going to Get Messier
As Stages product owners know quite well, the company had seemingly been on life support for the last year, visible to both consumers and industry watchers alike. This follows nearly a year of continued degradation of their product support responsiveness, and loss of key long-term leaders at the company. The...
April 26, 2024
Gamification, Financial Rewards Drive Workout Motivation, Study Shows
Gamified, point-earning strategies and small financial incentives can encourage increased physical activity, especially when the two are combined, according to new research. An 18-month study presented this month at the American College of Cardiology’s Annual Scientific Session examined the effect that earning points or small amounts of money had on the...
April 26, 2024
Bike-carrier demand helps propel Thule’s 9% Q1 net sales gain
Buoyed by Sports & Cargo Carriers, Thule Group's first-quarter net sales increased 8.7% year-over-year. Sales of Sports & Cargo Carriers, including the largest sub-category bike carriers, jumped 16% compared with the same time last year. Overall net sales of SEK 2,420 ($222 million) for the quarter topped the SEK 2,226...
