News Topics
August 25, 2022
Peloton Q4 net loss widens to $1.2B as revenue plummets 28%
Peloton’s Q4 2022 earnings report on Thursday showed revenue dropped 28% year over year from $936.9 million to $678.7 million. Revenue from its connected fitness products fell 55% to $295.6 million, while subscription revenue grew 36% to $383.1 million. Net loss widened 297% to $1.2 billion. Retail Dive
August 25, 2022
L39ION and Best Buddies riders suspended for remainder of season for post-race brawl
In July, a physical fight broke out at the American Criterium Cup race in Salt Lake City between Best Buddies riders Michael Hernandez and Robert Sierra and L39ion's frontman Justin Williams. The riders received fines and a 72-hour suspension on the spot, while USA Cycling launched an investigation into the...
August 24, 2022
Is the Great Bicycle Shortage Coming to an End, or Just Getting Started?
Depending on where you live and the types of shops around you, finding the perfect bike can still be a difficult task, even if conditions are improving. The bicycle market, in particular, was acutely impacted by shortages early in the pandemic. With people slowly getting ack to normal life, the...
August 24, 2022
Mountain bike rider Rab Wardell dies aged 37, days after winning Scottish title
Scottish Cycling confirmed on Tuesday evening that 37 year old Wardell died in his sleep of a cardiac arrest. Wardell won the elite men’s title at Kirroughtree Forest in Dumfries & Galloway on Sunday, overcoming several punctures to win on the final lap. His victory was described as a “show of...
August 24, 2022
4 reasons fall is the best time to race
Every fall, it’s rarely too warm or too cold, there’s a fresh feeling and smell to the air, and you can’t beat the fall colours. So if you don’t have a fall race on your calendar yet, now is the perfect time to sign up and start training so you...
August 24, 2022
Peloton expanding distribution to Amazon
Peloton will expand the distribution of its bike, Guide, and selected accessories and apparel to Amazon's U.S. stores. Bike delivery will be available to most in the U.S. Products and accessories previously were sold exclusively through the brand's e-commerce sites, inside sales channels, and global showroom. Customers can search for...
August 23, 2022
Runner dies at Ultra-Trail du Mont-Blanc’s PTL event
A Brazilian runner competing on a team at the Ultra-Trail du Mont-Blanc’s PTL (Petite Trotte à Léon) event has tragically died in a fall, UTMB officials confirmed Tuesday. In a statement released by the UTMB organization, officials said they were made aware at 1:30 a.m. C.E.T. of a runner being...
August 23, 2022
Dick’s Sporting Goods boosts 2022 outlook after second-quarter earnings top estimates
Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting goods retailer said it now expects comparable store sales for 2022 to decline between 6% to 2%. It had previously forecast the figure to be down...
August 23, 2022
Usain Bolt Files Trademark for Victory Pose
Usain Bolt has just filed a trademark for his signature victory pose. The pose in question was first made known to the masses during his record-breaking run at the 2008 Olympics in Beijing. Yahoo Life
August 22, 2022
Adidas Initiates CEO Transition
Adidas AG’s Supervisory Board announced that it has initiated a CEO transition. Kasper Rorsted, CEO of Adidas, and the Supervisory Board have mutually agreed upon that Rorsted will hand over the CEO position during the course of 2023. The search for a successor has started. SGB Media