News Topics
July 31, 2024
EXEC: Adidas Group Doubles Q2 Profits on Double-Digit Sales Growth X-Yeezy
Adidas Group CEO Bjørn Gulden reported that the second quarter was another that confirmed the company’s improvement and progress toward becoming healthy again. Gulden noted that consumers and retailers continue showing strong and increased interest in the Adidas brand and products. He said this was “clearly reflected” in the 16 percent growth for the underlying Adidas...
July 30, 2024
EXEC: Shimano Sees Continued Headwinds Drive H1 Sales and Profits Lower
Shimano Inc. is reporting that the pace of global economic recovery was moderate during the first half of fiscal year despite some factors that continued to exert downward pressure on the current economic climate, including tight monetary policies adopted mainly in Europe and the U.S., geopolitical risks caused by rising...
July 30, 2024
Men’s triathlon race postponed to Wednesday due to Seine pollution levels
Organisers will decide on Wednesday at 4am (0200 GMT) if Paris Olympics' triathlon competitions can go ahead later in the day after the men's event was postponed on Tuesday due to pollution levels in the Seine. France has invested heavily to make the Seine swimmable as a key legacy of...
July 30, 2024
Cycling has a weight problem: a call for the industry to be more transparent about its weight limits
Cycling has a weight problem. No, I’m not talking about the pressures on the pro peloton to be as light as possible to improve their power-to-weight ratio. I’m not even talking about the rampant diet culture that assumes people ride bikes predominantly for weight loss. The weight problem I’m referring to...
July 30, 2024
Brooks Running Continues 2024 Surge with All-time Record in Quarterly Revenue
Brooks Running reached a new record in global quarterly revenue in the second quarter of 2024, up 15% year over year driven by double-digit growth in its wholesale and direct-to-consumer channels. In North America, Q2 revenue increased 19% year over year with continued success of the brand’s Glycerin 21 super franchise,...
July 27, 2024
American cyclist Taylor Knibb falls off her bike FOUR times and her mechanic also takes a tumble as wet weather causes CHAOS in Paris Olympics time trials
A flurry of cyclists have fallen off their bikes on the first morning of the Paris Olympics as participants struggled to cope with the wet conditions. US athlete Taylor Knibb skidded off four times during the women's road cycling time trials as the rain cascaded down in the French capital. And she...
July 26, 2024
After the bike industry’s pandemic boom and bust, what’s next?
Investment bank Houlihan Lokey, with management consulting firm Kearney, recently released a research report [PDF] attempting to predict what the next few years look like for the bike industry, and it’s overall a rosy picture: supply chains stabilizing, inventory overhang dissipating, and gradually rising sales. But the most interesting prediction was a...
July 25, 2024
Asics Debuts 3D Printed Sockliners Made for Individual Foot Shapes at New Personalization Studio in Paris
According to the athletic brand, it has partnered with French tech company Dassault Systèmes to open a studio in Paris to test a new service providing on-demand sockliners personalized for individual foot shape. Dubbed the “Asics Personalization Studio,” the company described the activation as an “ultra-compact factory.” At the studio,...
July 25, 2024
Nutrition brand Maurten scores $22 million investment
Swedish sports nutrition brand Maurten has closed on a 20 million euro ($21.7 million) investment led by IRIS Ventures. The investment round also had participation from existing investors including Dan Sten Olsson, the CEO of Stena Sphere, a Swedish investment firm. Maurten, founded in 2015, offers high-carbohydrate gells, drinks and...
July 25, 2024
Deckers Continues to Ride High With Help From Hoka and Ugg in Q1, Finds New Home For Sanuk
Shares for Deckers Brands were up over 8 percent in after-hours trading on Thursday as the company continues to see robust sales from Hoka and Ugg. The Goleta, Calif.-based footwear company reported net sales in the first quarter of 2025 increased 21.1 percent to $825.3 million compared to $675.8 million the same...