News Topics
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May 5, 2022
Peloton Reportedly Eyes Sale of Minority Stake to Bolster Finances: WSJ
Peloton is falling in afterhours trading Thursday as the connected fitness equipment maker is reportedly exploring the sale of a 15% to 20% stake to boost its finances, The Wall Street Journal reported, citing unnamed sources. Investing
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May 4, 2022
New study finds exercise improves heart health even more for those with anxiety and depression
A new study from the American College of Cardiology suggests that regular exercise can decrease the likelihood of heart complications by 22 per cent in individuals with anxiety and depression, compared to 10 per cent in those who don’t. Put simply, exercise seems to have stronger benefits for the heart...
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May 4, 2022
CycleBar Opens 250th Studio, Rides Past 500 Signed Agreements
CycleBar, the world’s largest indoor cycling brand, announced today it has opened its 250th studio and secured more than 500 franchise agreements, vastly increasing its reach amidst a global pandemic. Since being acquired by Xponential Fitness in 2017, CycleBar’s trajectory has been tremendous, further heightened by the boom in the...
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May 4, 2022
Six-year-old’s marathon sparks controversy on social media
On Sunday at the Flying Pig Marathon in Cincinnati, Ohio, a family of eight from Bellevue, Ky., all completed the 42.2 km together in eight hours and 35 minutes. Since then, their family marathon outing has sparked controversy online as two of the children are under 12, and one is...
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May 3, 2022
Former Tour de France winner Stephen Roche guilty of fraud
Stephen Roche, one of only two cyclists to ever win cycling’s triple crown, has been found guilty of fraud. The Irish rider won the Tour de France, the Giro d’Italia and the road worlds in 1987. Roche has been ordered to repay $1.1 million after a Spanish court proved that...
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May 3, 2022
BMC, Red Bull, Fabian Cancellara team up on ‘world’s fastest race bike’ project
BMC and Red Bull unveiled a prototype time trial/triathlon bike that will be raced at the Ironman world championships this weekend. This is the first public iteration of the two brands’ project to “develop the world’s fastest race bike.” Four-time world time trial champion Fabian Cancellara was also involved. VeloNews
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May 2, 2022
Endur Apparel rebrands to Outway following 3.2 million dollar investment
Canadian performance sock brand Endur Apparel has rebranded to Outway following a 3.2 million dollar investment. The investment was led by Andrew Wilkinson, the co-founder of Canadian holding company Tiny. Fashion United
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May 2, 2022
Scientists say they have nailed down the ideal amount of sleep in middle and old age
New research has found that around seven hours of sleep is the ideal night's rest, with insufficient and excessive sleep associated with a reduced ability to pay attention, remember and learn new things, solve problems and make decisions. CNN
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May 2, 2022
Former Tour de France winner Stephen Roche guilty of fraud
Roche has been ordered to repay $1.1 million after a Spanish court proved that he negligently bankrupted his Majorca firm, using its assets to pay for his own extravagant lifestyle. The civil court ruling determined that Roche used funds from his cycling tour company to pay for his own bills, as...
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April 30, 2022
‘Nonbinary Runners Have Been Here the Whole Time’
In the past year, road races have debuted a nonbinary category, typically with around two dozen or fewer such competitors at each event. The nonbinary category in races has not drawn as much public controversy. Most nonbinary runners go unnoticed on race day, running alongside tens of thousands of other...
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April 28, 2022
How Super Shoes are Upending Running’s Sponsorship Model
Last week’s Boston Marathon sparked yet another debate about shoe tech in professional running. This time, the question wasn’t whether super shoes were undermining cherished notions of competitive fairness, but whether pro runners are being forced to choose between getting the best possible sponsorship deal and maximizing their chances of...
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April 27, 2022
Sam Long hit by car during St. George build up
American Ironman World Championship favorite Sam Long has been hit by a car while training for the upcoming Ironman World Championship race in St. George, Utah on May 7. Today he confirmed that despite the crash, he will be on the start line next week after the accident. Triathlon Canada
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April 27, 2022
Workout Anytime Signs 20-Unit Deal to Bring New Clubs to 4 States
Workout Anytime, the 180-plus-unit leader in the fitness industry, has signed an agreement to bring 20 new locations to markets in Virginia, Pennsylvania, Georgia and Florida. This multi-unit development deal — which was signed in partnership with Phenomenal Gyms, LLC — comes as the fast-growing fitness franchise is outpacing its...
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April 27, 2022
Garmin sees ‘normalization’ of cycling product sales
Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products. Consolidated revenue was $1.17 billion, a 9% increase year-over-year. Three other segments posted double-digit growth led by the outdoor segment ($385 million), which grew 50% year-over-year, and was boosted...
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April 26, 2022
Brooks Projects Double-Digit Growth in 2022 After Crossing $1 Billion Mark Last Year
Brooks, which ended 2021 as a billion-dollar brand for the first time, is already seeing momentum bleed into 2022. The running company is projecting double-digit year-over-year growth in 2022, on top of last year’s $1.11 billion in global revenue, which represented a 31% surge over 2020. Footwear News
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April 26, 2022
Wahoo acquires RGT Cycling, putting the hardware brand in competition with Zwift
Wahoo announced Tuesday the acquisition of RGT cycling, the virtual racing platform that hosted the 2022 USA Cycling national esports cycling championships. With the addition of a virtual racing platform to existing indoor cycling training software and hardware products, Wahoo looks to be taking on Zwift for indoor cycling. VeloNews
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April 26, 2022
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment. Operating income in the quarter rose 16.8 percent in the quarter ended March 31 to ¥38,033 million ($298 mm). Sales improved 13.9 percent...
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April 25, 2022
Core Health & Fitness Acquires Wexer
Core Health & Fitness LLC announced that it had acquired Wexer Holding, LLC, a specialty brand in digital health and fitness. Financial terms of the transaction weren’t disclosed. The deal will provide Wexer with the funding to scale its business through acquisitions to consolidate the digital fitness category and drive...
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April 23, 2022
Why Cyclists Can Handle Heat Better Than Runners
A team of Spanish researchers coordinated by David Barranco-Gil of the Universidad Europea de Madrid pooled eight years of data from 74 world-class cyclists (48 men and 26 women) and asked a simple question: how does air temperature affect performance? The answers offer some useful insights about the differences between...
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April 23, 2022
The most physically active cities in the U.S.
A study conducted early in the pandemic found that overall physical activity for adults was significantly lower than prior to the pandemic. Researchers ranked cities and states by the share of adults who self-reported engaging in leisure-time physical activity—such as running, calisthenics, golf, gardening, or walking for exercise. Rapid City...
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April 22, 2022
Armed Thieves on MTB Trails ‘Alarming’ CA Police
A rash of recent bike robberies in the Oakland and East Bay areas has cyclists and police on high alert. Masked individuals have robbed victims at gunpoint in five possibly related incidents in Oakland, Calif.’s East Bay area since late March, local news has reported. GearJunkie
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April 21, 2022
5 Science-Backed Mental Tricks For Getting Through The Toughest Races
As much as we can prepare physically for races, if we don’t bring our mental A-game, things can go south quickly. Luckily, there are some tried-and-true techniques we can incorporate into our daily training to build mental strength. In his latest book, Chatter, award-winning author, psychologist and neuroscientist Dr. Ethan Kross...
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April 21, 2022
Lululemon, REI & Patagonia Score Top Marks for Their Resale Programs, According to ThredUp
ThredUp is hoping to make it easier for consumers to find companies that are active in the resale space with its newest initiative. On Thursday, the online resale platform debuted a new index, called Recommerce 100, that tracks which brands and retailers have launched resale programs and their potential impact...
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April 21, 2022
Trek buys 21 Florida based stores as retail landscape continues to change
It has been reported that Trek Bicycle Corporation has purchased 21 Orlando, Florida-based stores which make up the David’s World Cycle group. Bizjournals.com reports that an April 8th email from owners David and Yvette Sanborn, to customers, confirmed the transaction, with the David’s World Cycle’s website also addressing their customers...
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April 20, 2022
Fitr Training Closes SaaS Fit Tech Fundraising Round at $1,200,000 to Fuel Further Expansion
Fitr Training, the global SaaS business which provides unique all-in-one remote coaching software, announces the closing of its highly anticipated, oversubscribed fundraising round at $1,200,000. The additional cash reserves provide liquidity for the business to further increase its active user base, develop additional functionality within the platform, and increase staffing...