News Topics
March 9, 2022
Therabody Files Six Lawsuits To Protect Its Intellectual Property
Therabody announced the filing of a lawsuit against the TJX Companies and five additional lawsuits against unauthorized Amazon resellers for patent and trademark infringement on its Theragun and related proprietary technologies. Filed in the U.S. District Courts of California, Delaware, Florida, Texas, and New York, the lawsuits are in addition...
March 9, 2022
Adidas Warns That Russia Conflict Could Impact 2022 Business as it Halts Sales in the Region
Adidas is one of many retailers expecting to see a hit from sales due to impacts from Russia’s conflict with Ukraine. The German sportswear retailer on Wednesday shared an updated outlook for fiscal year 2022 that takes into account a risk of up to €250 million, or about $275 million...
March 9, 2022
Organs have their own pace of aging, a Chinese study finds
People are aging constantly, but individual organs have their own pace. The study published on Wednesday in the journal Cell Reports reported multiple "clocks" within the human body. An international team led by Chinese scientists measured the varying biological ages of his or her organ systems. News
March 9, 2022
Florida Trooper Risks Life to Stop Drunk Driver from Hitting Runners in 10K Race
A Florida state trooper is being hailed as a hero after she used her vehicle to block a speeding drunk driver from a bridge where thousands were running a charity race. In a last line of defense, Trooper Toni Schuck, a 26-year veteran of the FHP, maneuvered her car to...
March 9, 2022
SRAM acquires cycling clothing brand Velocio?
It appears the silly season of mergers and acquisitions is continuing with another announcement involving SRAM. Just over a month ago, SRAM announced that it had acquired the cycling computer brand Hammerhead. Now, we’ve received word through Velocio that they’ve just sold to SRAM as well. Bike Rumor
March 8, 2022
Dick’s SG’s Again Tops Expectations In Q4
Dick’s Sporting Goods reported earnings on an adjusted basis grew 50 percent in the fourth quarter ended January 29 on a 5.9 percent same-store sales gain. Both earnings and sales topped Wall Street’s guidance, with the period marking Dick’s largest sales quarter. Earnings are expected to decline in the current...
March 7, 2022
Fitness Chain Virgin Active Expands Amid $118M Capital Raise
London-based fitness chain Virgin Active is expanding from a gym company to a wholesale “combined fitness and nutrition” operation. To do so, the company has made two major moves: a capital raise and an acquisition. The capital raise totaling $118 million included retail billionaire Christo Wiese — who contributed $65.6...
March 7, 2022
Accell Group’s Revenues Climb 6.2 Percent In 2021
Accell Group reported EBIT grew 47 percent in 2021 on a 6.2 percent sales gain. Net sales of €1,377 million, up 6.2 percent despite ongoing component shortages. Growth was driven by higher sales of parts & accessories, mainly volume-driven, and higher bicycle sales due to improved pricing and mix offsetting...
March 6, 2022
Two Kenyan marathoners suspended for doping
The two prominent Kenyan marathoners have been suspended from competition. The Athletics Integrity Unit (AIU) has banned Paul Lonyangata for 19 months for use of the drug Furosemide, and Edward Kiprop Kibet has been banned for three years for nandrolone. Running Magazine
March 5, 2022
Netflix Tour de France series struggling to convince biggest teams to join
The Netflix Tour de France ‘Drive to Survive’ documentary series is struggling to secure the participation of several leading teams due to concerns about editorial control, privacy, and polemics during the sport’s biggest race of the season, as well as fees paid to the teams. Only five of the biggest eight teams are...