News Topics
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November 8, 2022
Planet Fitness Revenue Bulks Up to $244.4M
Planet Fitness is making its pandemic comeback. The large fitness center operator reported third-quarter revenue of $244.4 million, marking a 58.4% increase from the same period last year. Net income reached $30.7 million, up $12 million from the same period the year prior. System-wide same store sales jumped 8.2%, and system-wide sales increased from...
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November 8, 2022
Peloton settles pending litigation with rival Echelon
Peloton Interactive Inc and rival Echelon Fitness on Tuesday said they had settled all pending litigation between them, more than three years after Peloton sued the Tennessee-based fitness company for patent infringement. Echelon has agreed to stop using Peloton's patented leaderboard technology in on-demand classes, the companies said in a...
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November 8, 2022
Ultrarunner Breaks 3 World Records — On a Manual Treadmill
Reichelt broke the records on Friday, Nov. 4, at the 23rd Street Life Time Fitness gym in Manhattan, N.Y. The event also served as a fundraiser for the Life Time Foundation, a nonprofit that partners with nationwide school districts to improve nutrition and health for children across the country. Gear...
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November 7, 2022
WHOOP and TYR Partner to Optimize Swimming Performance
WHOOP, the human performance company, and TYR, the leader in swimming innovation, announced an apparel partnership to bring the world’s first truly smart swimsuits to market. The two brands have developed swimwear that pairs TYR’s famed performance-first fit and fabrics with WHOOP Any-Wear™ Technology to offer a new way to optimally...
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November 7, 2022
Trek Bicycle and Bell Sports sue over cargo lost or damaged at sea
Bell Sports and Trek Bicycle are among the firms suing shipping companies over containers lost or damaged due to storms in the North Pacific in early 2021. The Maersk Essen 051, a 366-meter ship, lost more than 700 containers when it encountered heavy seas off Mexico on Jan. 16, 2021....
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November 7, 2022
Nike, Lego, SAP, Visa: Why these brands are sector-leaders in sporting impact
This year’s Laureus Sport For Good Index celebrates the positive impact being made through sport by brands from a variety of sectors. SportsPro looks at how the class of 2022 are leading their industries in sustainability and using sport to further their purpose-led objectives. SP
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November 7, 2022
World’s first real denim cycling shorts about to launch – and they could be worn by AG2R Citroën
Italian brand Rosti, the supplier of AGR Citroën (opens in new tab)'s team kit, unveiled its new ‘Bib Jeans’ at Rouleur Live, prompting speculation that the French UCI WorldTeam might be about to ditch its famous brown shorts for denim. Cycling weekly
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November 7, 2022
Recall: Rad Power Bikes
The tire rim strip could be misaligned, causing the tube to pop and damage the tire. The tires with a ribbed sidewall could also go flat unexpectedly, posing injury from loss of control and/or crash. The company has received 137 reports of the tires blowing out, deflating and separating from...
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November 7, 2022
Who Wore Which Shoes at the New York City Marathon?
Linden’s shoes weren’t the only speedy outliers among the top 25 men’s and women’s finishers. While Nike, Adidas and ASICS shoes were the most prevalent brands among elite runners, there were several shoes that aren’t yet available to the public. Outside Online
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November 6, 2022
‘An inordinate impact’: climate crisis leaves its footprint on trail running
More than 5,000 people lined up for Ultra-Trail Australia (UTA) on the last weekend in October, making it the largest trail running event in the country and, according to the race organisers, the second-largest in the world. But the multi-day event, which includes 50km and 100km ultramarathons, nearly didn’t go...
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November 4, 2022
Dick’s Sporting Goods Launches $50M Investment for Next Generation of Sports Companies
Dick’s Sporting Goods announced the launch of DSG Ventures, a $50 million in-house fund that will invest in innovative companies that will help shape the future of sport. To start, the initiative will focus its efforts on companies and rising entrepreneurs that directly serve athletes and their communities, or that...
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November 3, 2022
OR Show, Surf Expo Parent Sees Q3 Revenues Decline 18 Percent
Emerald Holding, Inc. reported a sales decline of 18.4 percent due to the shift in the timing of events in the current year versus the year-ago period. Emerald hosts over 140 yearly venues across multiple industries. The active outdoor events include Outdoor Retailer, Surf Expo, The Sports Licensing & Tailgate...
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November 3, 2022
Endurance Marketing Inc. acquires Madison race
Endurance Marketing Inc. said it has acquired Run Madtown, an annual series of competitive races in Madison, Wisconsin. EMI, founded in 2003, is a full-service, event management and production firm specializing in endurance sports. Run Madtown joins The Fort2Base Race on the North Shore as wholly owned and operated by...
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November 3, 2022
Bosch furthers European eBike output with Portuguese investments
Bosch will quickly build upon its recently announced Slovakian eBike production investment by simultaneously investing in Portugal, according to local media. A team of 300 is reportedly to be recruited in order to build a production team in the Ovar region where Bosch already has a significant presence outside of...
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November 3, 2022
Peloton shares tumble after company offers weak holiday quarter outlook
Pelotonposted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. The company’s shares fell nearly 10% in morning trading Thursday. As of Wednesday’s close, Peloton’s stock has dropped about 75% so far this year. CNBC
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November 3, 2022
Under Armour Shares Jump After Reporting Better-Than-Expected Q2 Results
Under Armour shares got a lift on Thursday after the company reported better-than-expected results for the second quarter. The Baltimore-based brand reported revenues of $1.6 billion, up 2% over last year. Net income was $87 million and adjusted diluted earnings per share was $0.20. Both earnings and revenues exceeded the...
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November 3, 2022
The U.S. Olympic and Paralympic Governing Body Getting Into NIL
On Wednesday, the organization announced it had launched a name, image, and likeness collective called “Watch Us Thrive.” It’s the first U.S. Olympic and Paralympic governing body to dive into NIL. The collective is “another aspect of USA Triathlon’s collective dedication to ensuring women’s triathlon as a NCAA Championship Sport...
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November 3, 2022
Strava partners with Snapchat for new augmented reality experience for athletes
This partnership is a first-of-its-kind augmented reality experience that lets Snapchatters and Strava users share their fitness journey with friends and family via their cameras. Snapchat has 363 million daily active users and sees over six billion AR Lens pictures taken daily. Canadian Running
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November 2, 2022
Will the Smartband Market Continue to Shrink?
Smartbands were the first to gain popularity in the wrist wearable market, thanks to their lower price and longer battery life compared to smartwatches. However, during COVID-19, consumers’ interest in healthcare and fitness increased sharply and they started shifting focus to smartwatches supporting more functions. As a result, smartband shipments...
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November 2, 2022
Triathlete pair launch new translation agency for cycling industry
A duo of triathletes have launched an industry-first translation agency for the endurance sports sector. Based in Warsaw, Poland, Endurance Translations is a new venture by Michal Glowacki and Gosia Glowacka, who have 15 years of translation experience and six-plus years competing in triathlons. Bike Biz
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November 1, 2022
Wasserman Adds Providence Equity as Investor; Redbird, Madrone Cash Out
Sports and entertainment talent representative Wasserman has taken on private equity firm Providence Equity as an equity investor. Providence, which counts Learfield and The Chernin Group. Sportico
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November 1, 2022
Golden Ticket Controversy At This Year’s Javelina Jundred
Last weekend’s hyper-competitive race in Arizona’s Sonoran desert drew top talent, record-breaking paces, and confusion around nonbinary award categories. Trailrunner
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October 31, 2022
Thule reports ‘rapidly declining’ demand for bike-related products in third quarter
Thule Group has published its interim report for July to September 2022, reporting a 23% decline in third-quarter sales year-on-year. Net sales for the quarter amounted to SEK 2,139m. Adjusted for exchange rate fluctuations, sales declined 29.4%. Net sales for the first nine months of the year amounted to SEK...
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October 31, 2022
British Cycling chief steps down three weeks after controversial Shell deal
Brian Facer has stepped down with immediate effect as chief executive of British Cycling, three weeks after the organisation announced a partnership with Shell UK that was fiercely criticised by environmental groups. In a statement released yesterdayon Monday, the national governing body for road and track cycling said the decision had been...
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October 31, 2022
Layoffs Occur at Mindbody, ClassPass
For the second time in two years, Mindbody has implemented staff layoffs at Mindbody, and this time it also included employees at ClassPass, which Mindbody acquired in October 2021. The software and experience technology platform company did not share how many people were laid off, but those who were laid...